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NY S08204
Bill
Status
Introduced
1/12/2024
Primary Sponsor
Jeremy Cooney
Click for details
AI Summary
- Modifies the calculation of the quantity change factor for local governments and school districts under the General Municipal Law and Education Law
- Requires the commissioner of taxation and finance to include the change in assessed value for properties on the exempt side of tax rolls under payment in lieu of tax (PILOT) agreements when calculating the quantity change factor
- Removes the commissioner's authority to promulgate rules and regulations that could adjust quantity change factor calculations based on development on tax exempt land
- Takes effect 120 days after becoming law, with immediate authorization for implementing rules and regulations
Legislative Description
Relates to payments in lieu of taxes.
Last Action
REFERRED TO LOCAL GOVERNMENT
1/12/2024
Committee Referrals
Local Government1/12/2024
Full Bill Text
No bill text available