What's happening
This bill requires businesses making payments in lieu of taxes to notify local governments 30 days before seeking assessment changes.
Why it matters
Enhances transparency for local governments. By requiring advance written notice, local officials will have more time to prepare for potential changes in tax revenue from businesses making payments in lieu of taxes (PILOTs), which can be significant for municipal budgets.
Helps localities plan and negotiate. Early notification gives towns, cities, and school districts a chance to evaluate the impact of possible assessment changes, potentially allowing for better fiscal planning or negotiation with the business entity before changes take effect.
Addresses gaps in current law. Previously, businesses could seek assessment changes without formally alerting local governments, sometimes leading to unexpected shortfalls; this bill aims to close that loophole and foster better communication.
Could influence PILOT agreement dynamics. By formalizing a notification process, the bill may affect how PILOT-receiving entities and municipalities approach future agreements, potentially shifting leverage and expectations around property tax assessments.
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Businesses Must Notify Tax Changes
Plain English, a few words. Used as the page title.
Sponsors
12 Co-sponsors
3 Multi-sponsors
History
- Referred to codes
- Reported referred to codes
- Referred to real property taxation
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.
Notify Tax Changes Early
In Senate Committee · Local Government · Sponsor Jim Gaughran
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1844
2019-2020 Regular Sessions
IN ASSEMBLY
January 17, 2019
Introduced by M. of A. MAGNARELLI, RIVERA, ZEBROWSKI, LUPARDO, CAHILL, GOTTFRIED, D'URSO, HUNTER, COOK, BARRON, LAVINE, JONES, FAHY -- Multi-Sponsored by -- M. of A. DAVILA, ENGLEBRIGHT, THIELE -- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to changes in assessment for businesses that make payments in lieu of taxes
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The real property tax law is amended by adding a new section 561 to read as follows:
§ 561. Payments in lieu of taxes; change of assessment; notice. Notwithstanding any other provision of law, any person, firm, partnership, corporation, limited liability company or any other business entity which makes payments in lieu of taxes to any county, town, village, city or school district, shall, prior to filing with such county, town, village, city or school district for a change of assessment, notify such county, town, village, city or school district of such business entity's intention to file for such change. Such notification of intention shall be made in writing and shall be made at least thirty days prior to such filing for change of assessment.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD00202-01-9
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.