NY A08605

Directs the Commissioner of Taxation and Finance to establish segment special equalization rates starting in fiscal year 2025 for Amityville Union Free School District and Farmingdale Union Free School District in the towns of Babylon and Oyster Bay

Segment special equalization rates will only be established if they would result in at least a 2% change in the levy share for at least one segment of the taxing jurisdiction

Limits the use of these segment special equalization rates solely for the apportionment of school taxes

Expands legal review options by allowing any taxing jurisdiction within a split taxing jurisdiction that crosses county lines to commence proceedings directing revised state equalization rates for counties, villages, or school districts within that split jurisdiction

Requires recalculation of tax levies and appropriate credits or debits to constituent municipalities when a revised state equalization rate is ordered by the court