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History
- Print number 370a
- Amend and recommit to local government
- Referred to local government
- Referred to local government
Companion bill
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Provides an alternative method for equalization in the Riverhead central school district in order to provide tax stability
In Assembly Committee · Ways And Means · Sponsor Fred Thiele
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act in relation to providing an alternative method for equalization in the Riverhead central school district in order to provide tax stability; and providing for the repeal of such provisions upon expiration thereof
Purpose
This legislation provides an alternative method for equalization in Riverhead Central School District.
Summary of provisions
Section 1. The Riverhead Central School District shall have its school taxes apportioned among the towns by taking the average of the apportionment of school taxes for each town for the previous five years as calculated pursuant to Section 1314 of the Real Property Tax Law, including the year for which the taxes are to be levied. This act has an immediate effective date and shall apply to the apportionment of school taxes for years occurring after the effective date up until December 31, 2021 when the provisions of this act shall expire.
Section 2. Directs the Riverhead Central School District, in consultation with the Department of Taxation and Finance, to prepare a report that is to be submitted to the Governor, the Temporary President of the Senate and the Speaker of the Assembly on or before December 31, 2021 describing and evaluating the effectiveness and administration of this method for equalization. The report shall include, but not be limited to, for each year the program exists, a comparison of the utilized apportioned school taxes to those that would have been utilized if not for the program, an evaluation as to whether the use of a five-year average of apportionment of school taxes is beneficial to the property owners within the school district and recommendations for any legislative action.
Section 3. This act has an immediate effective date and shall apply to the apportionment of school taxes for years occurring after the effective date up until December 31, 2021 when the provisions of this act shall expire.
Justification
Since the Riverhead Central School District has its tax rates apportioned between the towns of Riverhead, Brookhaven and Southampton, this legislation is necessary to provide greater tax stabilization by establishing an alternative method for equalization.
Legislative history
2013-14 S.3062A/A.3886A; 2011-12 S.4884B/A.2401E
Fiscal implications
None to the State.
Effective date
This act shall take effect immediately and shall apply to the apportionment of school taxes for years occurring after the effective date, provided that this act shall remain in full force and effect until December 31, 2021, when upon such date this act shall expire and be deemed repealed.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.