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History
- 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 · Real Property Taxation · Sponsor Kenneth Zebrowski
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S3529
Title of bill
An act to provide for the taxation of certain real prop- erty in the county of Rockland and providing for the repeal of such provisions upon expiration thereof
Purpose
This bill will provide for a ten 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: This bill will provide for a ten 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.
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 (resi- dential) 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.
Legislative history
A.5122A of 2011-12/S.3235-A
Fiscal implications
None.
Effective date
Immediate.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.