Bill Text: NY S05312 | 2019-2020 | General Assembly | Introduced

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

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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 5-0)

Status: (Engrossed - Dead) 2020-02-11 - referred to real property taxation [S05312 Detail]

Download: New_York-2019-S05312-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          5312
                               2019-2020 Regular Sessions
                    IN SENATE
                                     April 24, 2019
                                       ___________
        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
          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)  in  counties  where  there  is a high percentage of real property
    11  exempt from real property taxation, the impact of such exempt real prop-
    12  erty on:
    13    (i) the housing market in the county, including new construction;
    14    (ii) the growth of new small businesses in the county, if any;
    15    (iii) the growth of new jobs in the county, if any;
    16    (iv) the population growth of the county, if any;
    17    (v) the number of tax exempt not-for-profit organizations in the coun-
    18  ty;
    19    (vi) the percentage of dedicated park land in the county;
    20    (vii) any other information the board deems appropriate;
    21    (c) feasible revisions to real property tax policies,  procedures  and
    22  practices  that  reduce  the  tax burden in properties within the county
    23  that are subject to real property taxation; and
    24    (d) strategies that will support an  equitable  distribution  of  real
    25  property taxation within the county.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11329-01-9
        S. 5312                             2
     1    §  3.  Such  board  shall  make a report of the findings of its study,
     2  including any recommendations for legislative  action  as  it  may  deem
     3  necessary  and appropriate. Such report shall be delivered to the gover-
     4  nor, the temporary president of the senate and the speaker of the assem-
     5  bly no later than one year after the effective date of this act.
     6    § 4. This act shall take effect immediately.