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History
- Print number 3235a
- Amend (t) and recommit to local government
- Referred to local government
- Referred to local government
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.
Relates to taxation of designated electric generating facilities located in the county of Rockland; and provides for the repeal of such provisions upon expiration thereof
In Assembly Committee · Ways And Means · Sponsor Kenneth Zebrowski
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S3235A REVISED 06/15/12
Title of bill
An act to provide for the taxation of certain real property in the county of Rockland and providing for the repeal of such provisions upon expiration thereof
Purpose of the bill
This bill will provide for a five year phase-in of a shift of non-homestead tax share due to a court ordered assessment reduction for any designated electric generating facility in the County of Rockland.
Summary of provisions
Section 1 of the bill provides that if there is a court-ordered assessment reduction of an electric generating facility in the Town of Haverstraw, when levying taxes for town, county or school purposes, the non-homestead class must consist of two subclasses, one containing electric generating facilities and the other containing all other non-homestead property. For the fiscal years after such reduction the non homestead class tax share will be allocated between these two subclasses. This is down in order to preserve the distribution between the two subclasses that existed when the taxes were levied the fiscal year before the court ordered reduction occurred. This is subject to adjustments for any physical changes. The subclass share distribution will be annually adjusted to phase out such preservation over the next 10 year period.
Section 2 Effective Date.
Justification
Historically, court ordered assessment reductions for electric generating facilities have resulted in a significant shifting of the tax burden from the non-homestead class to the homestead (residential) class which negatively impacts on the cost of home ownership. This bill seeks to reduce the volatile impact of such a burden shift by creating an orderly phased transition of such tax share shift over ten years, commencing with the first final municipal assessment roll prepared subsequent to such final court order.
Prior legislative history
New Bill.
Fiscal implications for state
None.
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.