What's happening
This bill delays reductions in PILOT payments to school districts from assessment challenges until the next taxable year.
Why it matters
Helps school districts plan budgets more accurately. By delaying PILOT (Payment In Lieu Of Taxes) reductions due to assessment challenges until the next taxable year, schools get more time to adjust to potential funding changes, reducing sudden gaps in their operating budgets.
Creates greater stability for educational funding. Immediate reductions in PILOT payments can disrupt school services and staffing. This change ensures districts have a predictable revenue stream for the current year, which is especially important for long-term contracts and planning.
Shifts timing of financial impact for businesses and municipalities. Businesses that successfully challenge property assessments will see revised PILOT obligations take effect later, potentially altering their financial planning and the timing of their negotiations with municipalities.
May influence the frequency and strategy of assessment challenges. Knowing that changes won’t take immediate effect could affect how and when businesses decide to challenge property assessments, possibly leading to more careful consideration of the process.
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Who cares
Headline styles
Change Tax Assessment Rules
Plain English, a few words. Used as the page title.
Sponsors
2 Co-sponsors
History
- Substituted by S3972
- Advanced to third reading cal.466
- Reported
- Reported referred to ways and means
- 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.
Delay Business Tax Reductions
Signed by Governor · Sponsor Pete Harckham
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
218
2019-2020 Regular Sessions
IN ASSEMBLY (Prefiled)
January 9, 2019
Introduced by M. of A. PAULIN, GALEF, STIRPE -- 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; effective date. Notwithstanding any other provision of law, for any payment in lieu of taxes agreement entered into on or after the effective date of this section, when the assessment of a property making payments in lieu of taxes is challenged through the grievance process, any reduction in payments in lieu of taxes made to a school district resulting from such challenge shall not take effect until the following taxable status year.
§ 2. This act shall take effect on the sixtieth day after it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01789-01-9
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.