Bill Text: NY S00060 | 2023-2024 | General Assembly | Introduced

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Bill Title: Relates to directing the state board of real property tax services to conduct a study on real property tax saturation.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Engrossed) 2024-02-26 - referred to real property taxation [S00060 Detail]

Download: New_York-2023-S00060-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                           60

                               2023-2024 Regular Sessions

                    IN SENATE

                                       (Prefiled)

                                     January 4, 2023
                                       ___________

        Introduced  by Sen. HARCKHAM -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government

        AN ACT in relation to directing the state board  of  real  property  tax
          services  to  conduct  a  study  on  real property tax saturation; and
          providing for the repeal of such provisions upon expiration thereof

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. For purposes of this act, the term "real property tax satu-
     2  ration"  shall be considered a broad term that encompasses the impact of
     3  high percentages of tax exempt real property within  a  municipality  on
     4  the overall economic viability of the municipality.
     5    §  2.  The state board of real property tax services is authorized and
     6  directed to conduct a study on real property tax saturation. Such  study
     7  shall include, but not be limited to:
     8    (a)  the  percentage  of real property within each county of the state
     9  that is exempt from real property taxation;
    10    (b) an examination of each county within the top twentieth  percentile
    11  of  all counties for the highest percentage of real property exempt from
    12  taxation, such examination to include the impact  of  such  exempt  real
    13  property over the five year period preceding the study on:
    14    (i) the housing market in such counties, including new construction;
    15    (ii) the growth or loss of new small businesses in such counties;
    16    (iii) the growth or loss of new jobs in such counties;
    17    (iv) the population growth or loss of such counties;
    18    (v)  the  number  of  tax  exempt not-for-profit organizations in such
    19  counties;
    20    (vi) the percentage of dedicated park land in such counties;
    21    (vii) any other information the board deems appropriate;

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01125-01-3
        S. 60                               2

     1    (c) feasible revisions to real property tax policies,  procedures  and
     2  practices that have the potential to reduce the tax burden in properties
     3  within such counties that are subject to real property taxation; and
     4    (d)  strategies  that  will  support an equitable distribution of real
     5  property taxation within such counties.
     6    § 3. Such board shall make a report of  the  findings  of  its  study,
     7  including  any  recommendations  for  legislative  action as it may deem
     8  necessary and appropriate. Such report shall be delivered to the  gover-
     9  nor, the temporary president of the senate and the speaker of the assem-
    10  bly no later than one year after the effective date of this act.
    11    §  4.  This  act shall take effect immediately and shall expire and be
    12  deemed repealed two years after such effective date, or upon delivery of
    13  the report required by section three of this act, whichever comes first;
    14  provided that the board of real property tax services shall  notify  the
    15  legislative  bill  drafting  commission  upon  delivery  of  the  report
    16  required by section three of this act in order that the  commission  may
    17  maintain  an accurate and timely effective database of the official text
    18  of the laws of state of New York  in  furtherance  of  effectuating  the
    19  provisions  of section 44 of the legislative law and section 70-b of the
    20  public officers law.