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History
- Referred to investigations and government operations
- 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 Patricia Fahy
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2126
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. 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
2013/14: A.4658-B/S1138-B 2012: A.10022/S.7201
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.