Bill Text: NY A05882 | 2019-2020 | General Assembly | Introduced
Bill Title: Authorizes municipalities to issue tax rebates without prior approval.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Introduced - Dead) 2020-07-17 - held for consideration in ways and means [A05882 Detail]
Download: New_York-2019-A05882-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 5882 2019-2020 Regular Sessions IN ASSEMBLY February 20, 2019 ___________ Introduced by M. of A. LALOR, FRIEND, MORINELLO -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to the power of municipalities to provide tax rebates The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The tax law is amended by adding a new section 1207 to read 2 as follows: 3 § 1207. Municipal authority over tax relief. Notwithstanding any 4 provision of law, rule or regulation to the contrary, any municipality 5 may from time to time, and without prior approval by the state legisla- 6 ture or any state agency, authorize tax rebates. 7 For the purposes of this section, "tax rebates" shall mean money 8 remitted to taxpayers residing within the municipality authorizing such 9 remittance. 10 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01167-01-9