NY A09242

Extends the expiration date of the Oneida Indian Nation real property tax depository fund from June 30, 2012 to June 30, 2014.

Continues to require real property tax payments on Oneida Indian Nation taxable property to be held in a special fund under the state comptroller's custody until all unpaid taxes are certified as collected or June 30, 2014, whichever occurs first.

Maintains the disregard of assessed values of Oneida Indian Nation-owned property acquired after taxable status date 2004 when determining real property tax rates, state aid to education, and local tax distribution in Oneida County.

Requires the fund's accumulated tax payments to be distributed to affected municipal corporations by the county treasurer once released, replicating the distribution pattern that would have occurred under final resolution.

Provides that all provisions of this act expire and are repealed on June 30, 2014 unless earlier terminated by certification that no unpaid taxes remain on Oneida Indian Nation lands.