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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to finance
- Print number 6051a
- Amend (t) and recommit to rules
- Referred to rules
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corporations and school districts, in relation to allowing a municipal corporation or school district to receive moneys where a fossil fuel electric generating facility has caused a reduction in tax collections and receipts from payments in lieu of taxes
Purpose or general idea of bill
Allows a municipal corporation or school district to receive moneys where a fossil fuel electric generating facility has caused a reduction in tax collections and receipts from payments in lieu of taxes.
Summary of specific provisions
Section 1- Section 1 of subpart H of part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corporations and school districts, is amended to allow the availability of money from the urban development corporation to a municipal corporation or school district in which a fossil fuel electric generating facility has permanently closed and where the closing of such facility has caused a reduction in the tax collections and receipts from payments in lieu of taxes.
Section 2- contains the effective date
Justification
This legislation will amend section 1 of subpart H of part C of chapter 20 of the Laws of 2015 to provide financial relief to school districts and certain municipal corporations where the closure of a fossil fuel electric generating facility has caused a reduction in tax collections and receipts from payments in lieu of taxes. Originally, this section of the Laws of 2015 allowed for financial relief of this kind to be provided to municipal corporations and school districts where the closure of this type of facility caused a reduction in tax collections and receipts from payments in lieu of taxes of at least twenty percent. This legislation eliminates that threshold to provide assistance to all municipal corporations and school districts facing a financial burden after the closure of a fossil fuel electric generating facility.
Legislative history
This is a new bill.
Fiscal implications for state and local governments
None.
Effective date
This act shall take effect immediately; provided that the amendments to section 1 of subpart H of part C of chapter 20 of the laws of 2015 made by section one of this act shall not affect the repeal of such subpart and shall be deemed repealed therewith.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.