Bill Text: NY S03443 | 2019-2020 | General Assembly | Amended

New York Senate Bill 3443 (Prior Session Legislation)

Bill Title: Relates to the assessment of real property used to store spent nuclear fuel.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Engrossed - Dead) 2020-02-11 - referred to real property taxation [S03443 Detail]

Download: New_York-2019-S03443-Amended.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                         3443--A

                               2019-2020 Regular Sessions

                    IN SENATE

                                    February 7, 2019
                                       ___________

        Introduced  by Sens. HARCKHAM, CARLUCCI -- read twice and ordered print-
          ed, and when printed to be committed to the Committee on Local Govern-
          ment -- recommitted to the Committee on Local Government in accordance
          with Senate Rule 6, sec. 8  --  committee  discharged,  bill  amended,
          ordered reprinted as amended and recommitted to said committee

        AN ACT to amend the real property tax law, in relation to the assessment
          of real property used to store spent nuclear fuel

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

     1    Section 1.   The real property tax law is  amended  by  adding  a  new
     2  section 563 to read as follows:
     3    § 563. Value of lands used to store spend nuclear fuel.  Notwithstand-
     4  ing  any  other provision of law, real property owned or leased on which
     5  spent nuclear fuel is stored and is pending further or  final  disposal,
     6  including  fuel  stored  in  a  spent fuel pool or in a dry cask storage
     7  system, from a nuclear power station following the  permanent  cessation
     8  of  power  operations  of such station, shall be assessed at a rate that
     9  reflects the best possible use of those lands.
    10    § 2. This act shall take effect January 1, 2022.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09459-05-0