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S3480Senate2013-2014 SessionSame asA4673

Extends until June 30, 2018, the expiration of payments in lieu of taxes for certain real property in the town of Hempstead

Sponsor Dean G. SkelosSD-9Affects Finance
Status
Signed by Governor
Impact
Pending
Outcome
Signed into law

Bill progress

Signed into law

What's happening

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Who cares

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Sponsors

Primary sponsor
Dean G. Skelos

Senator · Senate District 9

Chair, Rules

No co-sponsors yet.

History

  1. Signed chap.65
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Ordered to third reading cal.352
  6. Substituted for A4673
  7. Referred to ways and means
  8. Delivered to assembly
  9. Passed senateVote 57–0
  10. Advanced to third reading
  11. 2nd report cal.
  12. 1st report cal.486
Show 1 earlier action
  1. 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.

A4673Assembly

Extends until July 30, 2018, the expiration of payments in lieu of taxes for certain real property in the town of Hempstead

Assembly Floor Calendar · Sponsor Harvey Weisenberg

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S3480

Title of bill

An act to amend chapter 676 of the laws of 1978, amend- ing the town law relating to payment in lieu of taxes for certain prop- erty in the town of Hempstead, in relation to extending the expiration thereof

Purpose

To preserve tax revenues for the City School District of the City of Long Beach and the Lido Beach and Point Lookout Fire District which would otherwise be lost as a result of the 1978 purchase of real property by the Town of Hempstead.

Summary of provisions

The bill authorizes and empowers the Town of Hempstead, which acquired property in Lido Beach, New York, for park and recreational purposes, to pay the taxing jurisdiction potentially affected by the loss of revenues, the amount of annual taxes last levied on the property. Payments will continue for five (5) additional years from 2013 to 2018.

Justification

The loss of revenue to the taxing jurisdictions (City School District of the City of Long Beach and Lido Beach and Point Look- out Fire Districts) would be substantial. The Town of Hempstead has agreed to hold these taxing jurisdictions harmless from losses for the next five (5) years.

Legislative history

The provisions of this law have been extended every five (5) years since 1978, the latest being chapter 124 of the laws of 2008.

Fiscal implications

None to the State.

Effective date

Immediately

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.