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History
- Referred to investigations and government operations
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 payment of additional state aid for certain state-leased or state-owned lands
In Assembly Committee · Real Property Taxation · Sponsor John McEneny
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7201
Title of bill
An act to amend the public lands law, in relation to certain state-leased or state-owned lands
Purpose or general idea of bill
Authorizes payment of additional state aid for certain state-leased or state-owned lands.
Summary of specific provisions
Section 1 - amends section 19-a of the public lands law by adding a new subdivision 2-b
Section 2 is the effective date.
Justification
This legislation which was requested by the City of Albany would provide for payment in lieu of taxes (PILOT). Currently, nearly 60% of the City is tax-exempt, largely as a result of State ownership. This legislation proposes a PILOT payment of 1.75% of the present value of the Harriman Campus, an amount that would be approximately $11.7 million annually for eight years. The bill provides that this amount would be paid annually for ten years and would decrease sooner if the Harriman Campus is privatized.
Prior legislative history
New bill.
Fiscal implications
To be determined.
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.