Loading chat...
NY A05219
Bill
Status
2/12/2021
Primary Sponsor
Aileen Gunther
Click for details
AI Summary
-
Establishes a new state aid payment program for any city, town, village, or fire district where tax-exempt property exceeds 35 percent of total property value by value.
-
Distributes state aid payments in two equal parts: 50 percent allocated based on each eligible entity's population relative to all eligible entities, and 50 percent allocated based on the value of tax-exempt property in each entity.
-
Payments are subject to budgetary appropriation and take effect immediately, applying to assessment rolls prepared on or after the date the act becomes law.
Legislative Description
Relates to state aid for certain cities, towns, villages or fire districts adversely affected by a concentration of tax exempt property.
Last Action
referred to real property taxation
1/5/2022