What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Substituted by A5452
- Advanced to third reading
- 2nd report cal.
- 1st report cal.876
- Print number 5163a
- Amend and recommit 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.
Authorizes municipal entities to waive property and other taxes levied against the property of a municipal electric company
Signed by Governor · Sponsor Addie Jenne
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5163A
Title of bill
An act to amend the real property tax law, in relation to permitting municipal entities to waive property and other taxes levied against the property of a municipal electric company
Purpose
To allow municipalities the flexibility to waive taxes levied on the property of a neighboring municipal electric company.
Summary
Section 1 amends Section 406 of the Real Property Tax Law by creating a new subdivision which allows municipalities to issue an agreement in writing with a neighboring municipal electric company to offer tax exemptions for property outside the company's corporate limits.
Section 2 provides this act shall take effect on the thirtieth day after it shall have become law.
Justification
Small municipalities across the state provide electric service to their residents through electric distribution systems run by the municipalities themselves. At times, part of a municipality's system might be located within a neighboring municipality.
This legislation would allow the neighboring municipality, if it is so close, to waive property and other taxes levied upon that property. Similar provisions exist for water and sewer facilities under current law. Neighboring municipalities could conceivably work out agreements regarding waivers of taxes levied upon each other's, property, thus lowering that tax burden on each of the municipalities' residents.
Legislative history
New bill.
Fiscal implications
None to the state.
Effective date
This act shall take effect on the thirtieth day after it shall have become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.