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Sponsors
No co-sponsors yet.
History
- Referred to rules
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Requires signatures for payments in lieu of taxes
In Assembly Committee · Local Governments · Sponsor Nancy Calhoun
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S8264
Title of bill
An act to amend the general municipal law, in relation to the town of Chester and the Orange county industrial agency
Purpose
This legislation requires signatures for payments in lieu of taxes.
Summary of provisions
The written consent of the chief executive officer is required in any PILOT prior to the approval of any application by the agency for a project located in the town of Chester. The agency shall also obtain three-fifths majority of the town governing body prior to any PILOT agreement being approved. The agency must also obtain an impact analysis to determine the impact of the PILOT on the town of the project and the planned PILOT agreement.
The applicant shall bear the cost related to the impact study. The agency and the town governing body shall jointly select a qualified entity to conduct the impact analysis. The agency's membership shall include at least one member of the town's governing body and at least three at large members from a cross section of the community.
The agency shall review any PILOT agreement after the third year and every third year thereafter, and adjust the PILOT agreement accordingly based on changes to the assessed value and tax rate of all other real properties.
A PILOT agreement for a project shall not be renewed or renegotiated until a full forensic audit has been completed of the accounts of the party obligated to make payments in lieu of taxes.
Justification
This legislation has been requested by the Town of Chester in response to a larger than normal tax break granted by the Orange County industrial development agency to a business located within the town of Chester.
Legislative history
None.
Fiscal implications
None to the State.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.