Bill Text: NY A04777 | 2019-2020 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

Bill Title: Authorizes and directs the department of taxation and finance to conduct a study documenting the fiscal implications on towns in Nassau county if section 2 of chapter 851 of the laws of 1948 were repealed.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2020-07-17 - held for consideration in ways and means [A04777 Detail]

Download: New_York-2019-A04777-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________
                                          4777
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 5, 2019
                                       ___________
        Introduced  by  M.  of  A.  MONTESANO  --  read once and referred to the
          Committee on Ways and Means
        AN ACT in relation to a study to document  the  fiscal  implications  of
          repealing section 2 of chapter 851 of the laws of 1948
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Legislative intent. The legislature recognizes the need  to
     2  examine  Nassau County's real property tax assessment process in accord-
     3  ance with current law. Annually, Nassau County  handles  the  assessment
     4  process  and  are  therefore  liable for grievances. This has led to the
     5  County owing a significant amount of funding from those grievances. This
     6  is commonly referred to  as  the  County  Guaranty  and  was  originally
     7  authorized  by the state in a time when rising property values and taxes
     8  were not an issue. This bill is designed to call on  the  department  of
     9  taxation  and  finance  to study the current real property tax system in
    10  Nassau County. The intent would be to determine whether  or  not  giving
    11  the  assessing  authority  and  grievance responsibility to local taxing
    12  jurisdictions within the County is more feasible.
    13    § 2. The New York state department of taxation and finance  is  hereby
    14  authorized and directed to conduct a comprehensive study documenting the
    15  fiscal  implications of shifting assessment responsibilities from Nassau
    16  County, as authorized by chapter 879 of the laws of 1936  and  repealing
    17  section  2 of chapter 851 of the laws of 1948.  Such fiscal implications
    18  shall include, but not be limited to, the direct financial  impact  such
    19  shift  and  repeal  will  have on school districts, towns, and any other
    20  taxing jurisdictions in such county. The results of the study  shall  be
    21  published  no  later  than one year following the effective date of this
    22  act. A copy of the results of such  study  shall  be  submitted  to  the
    23  governor,  the temporary president of the senate, and the speaker of the
    24  assembly.
    25    § 3. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07239-02-9