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NY A08400
Bill
Status
5/13/2025
Primary Sponsor
Jaime Williams
Click for details
AI Summary
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Establishes state aid payments to cities, towns, villages, or fire districts where tax-exempt property exceeds 35% of total property value
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50% of state aid distributed based on each eligible municipality's population relative to all eligible entities
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50% of state aid distributed based on the value of tax-exempt property in each eligible municipality as a proportion of total tax-exempt property across all eligible entities
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State payments are subject to budgetary appropriation
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Takes effect immediately and applies to assessment rolls prepared on or after the effective date
Legislative Description
Provides for 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
1/7/2026