Bill Text: NY S01202 | 2021-2022 | 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: Partisan Bill (Democrat 4-0)

Status: (Engrossed - Dead) 2022-03-02 - referred to real property taxation [S01202 Detail]

Download: New_York-2021-S01202-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1202

                               2021-2022 Regular Sessions

                    IN SENATE

                                     January 8, 2021
                                       ___________

        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;
    22    (c) feasible revisions to real property tax policies,  procedures  and
    23  practices that have the potential to reduce the tax burden in properties
    24  within such counties that are subject to real property taxation; and

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03820-01-1
        S. 1202                             2

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     9  deemed repealed two years after such effective date, or upon delivery of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