What's happening
This bill requires New York State to provide aid to localities where over 35% of property is tax-exempt, distributing funds by population and exempt property value.
Why it matters
Helps communities with high levels of tax-exempt property (such as government buildings, hospitals, or colleges) by providing them with state aid, potentially offsetting the loss of local tax revenue that would otherwise fund services like schools, police, and infrastructure.
Distributes aid using a dual formula: half based on population (addressing the needs of larger communities) and half based on the total value of tax-exempt property (targeting areas most affected by revenue loss), which means both large and small localities could benefit.
May lead to a more equitable distribution of state resources, supporting localities that provide essential public goods (like hosting state parks or universities) but struggle financially because much of their land base is untaxed.
Could influence local government decisions about zoning, development, and partnerships with nonprofit or governmental organizations, knowing that high concentrations of tax-exempt properties might trigger additional state support.
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Who cares
Headline styles
Aid for Tax-Exempt Property Towns
Plain English, a few words. Used as the page title.
Sponsors
10 Co-sponsors
3 Multi-sponsors
History
- Referred to real property taxation
- Referred to real property taxation
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2089
2019-2020 Regular Sessions
IN ASSEMBLY
January 22, 2019
Introduced by M. of A. GUNTHER, LUPARDO, JAFFEE, SANTABARBARA, BARRETT, CROUCH, FINCH, KOLB, BLANKENBUSH, BARCLAY -- Multi-Sponsored by -- M. of A. GIGLIO, HAWLEY, McDONOUGH -- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to state aid for certain towns adversely affected by a concentration of tax exempt property
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 532-a to read as follows:
§ 532-a. Certain lands subject to state payments. In any city, town, village or fire district in which the total amount of tax exempt property represents more than thirty-five percent, by value, of the total amount of property in such city, town, village or fire district, the state shall pay a sum, subject to budgetary appropriation, as follows:
1. Fifty percent of such sum shall be paid to each eligible city, town, village or fire district in proportion to such entity's population relative to the population of all such eligible entities; and
2. Fifty percent of such sum shall be paid based on the value of tax exempt property in each eligible city, town, village or fire district as a percentage of the value of all tax exempt property in all such eligible entities.
§ 2. This act shall take effect immediately and shall apply to assessment rolls prepared on the basis of taxable status dates occurring on and after the date on which this act shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD00910-01-9
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.