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History
- Referred to local government
- Returned to senate
- Died in assembly
- Referred to local governments
- Delivered to assembly
- Passed senateVote 62–0
- Ordered to third reading cal.1184
- Committee discharged and committed to rules
- 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 payments in lieu of taxes
In Assembly Committee · Local Governments · Sponsor Joseph Morelle
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S3591
Title of bill
An act to amend the general municipal law and the educa- tion law, in relation to payments in lieu of taxes
Purpose or general idea of bill
This bill amends the general municipal law and education law to provide that the tax base growth factor (or quantity change factor) include the value of new assessment exempted under a Payment In Lieu of Taxes agreement being added to a community
Summary of provisions
Section 1 amends section 3-c of the general municipal law to include the change in assessed value for each property on the exempt side of the tax rolls under PILOT agreements when the commissioner of taxation and finance calculates the quantity change factor for each local government.
Section 2 amends section 2023-a of the education law to provide that the change in assessed value for each property on the exempt side of the tax rolls under PILOT agreements is included when the commissioner of taxa- tion and finance calculates the quantity change factor for each local government.
Section 3 provides an effective date one hundred twenty days after enactment
Justification
The new tax cap law ignores increases to the tax base of a community if that increase in tax base occurs under a PILOT agreement. The mechanics of the law take into account the payment of PILOTS in a comprehensive manner, whereby each dollar of the "new" PILOT payments made reduces the amount of tax an entity can levy by a dollar. In other words the law sets the Property Tax and PILOT payments cap by fixing a maximum levy amount after netting out the effects of any PILOT payments received. The issue is that the real property improvements made under a PILOT are not counted under the law in the Tax Base Growth Factor- the intent which is to insure that as a community grows, so too should its revenues because that community is providing services to more residences and businesses. By ignoring PILOT-exempted projects, the law does not properly capture this phenomenon and a community cannot expand its resources in proportion to service demand increases These issues can be resolved by amending the law to have the quantity change factor include the value of new assessment exempted under a PILOT agreement being added to a community.
Prior legislative history
2012- S.7761
Fiscal implication
None
Effective date
This act shall take effect on the hundred twentieth 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.