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Sponsors
No co-sponsors yet.
History
- Substituted by A9242
- Advanced to third reading
- 2nd report cal.
- 1st report cal.586
- Referred to finance
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.
Extends until June 30, 2014 the provisions relating to the Oneida Indian Nation real property tax depository fund
Signed by Governor · Sponsor Anthony Brindisi
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6415
Title of bill
An act to amend the state finance law, in relation to the Oneida Indian Nation real property tax depository fund and to amend chapter 521 of the laws of 2005, amending the state finance law relating to creating the Oneida Indian Nation real property tax depository fund, in relation to the effectiveness thereof
Purpose
This bill extends the provisions of Chapter 521 of 2005 which created the Oneida Indian Nation real property tax depository fund consisting of real property tax payments on Oneida Indian Nation taxable property.
Summary of provisions
Amends the state finance law to extend the provisions relating to the Oneida Indian Nation real property tax depository fund until June 30, 2014.
Justification
On March 29, 2005, the United States Supreme Court issued a decision in City of Sherrill vs. The Oneida Indian Nation of New York finding that most lands owned by the Oneida Indian Nation of New York are taxable parcels under applicable state law and that as such, the Oneida Indian Nation is responsible for payment of property taxes on such lands. Because there remains some uncertainty as to when and to what extent the taxes will be paid, the county of Oneida, as guarantor of unpaid property taxes to its municipalities, must be protected until all uncertainties are resolved. The tax depository fund provides that protection to the county as well as providing that all municipalities in the county are fairly compensated from any additional taxes collected from the Oneida Indian Nation once all issues are dealt with and the taxes are paid.
Legislative history
New.
Fiscal implications
None.
Local fiscal implications
None.
Effective date
Immediate and shall expire June 30, 2014 when upon such date the provisions of this act shall be deemed repealed.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.