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NY S00132

Bill

Official Source

Status

Introduced

1/8/2025

Primary Sponsor

Sean Ryan

Click for details

Origin

Senate

2025-2026 General Assembly

AI Summary

  • Prohibits town, city, or county industrial development agencies (IDAs) from entering into payment in lieu of taxes (PILOT) agreements that would affect taxes owed to school districts

  • Bars these local IDAs from waiving any other taxes that would otherwise be received by a school district

  • Adds a new section 889 to the General Municipal Law to establish these restrictions

  • Takes effect immediately upon passage

Legislative Description

Prohibits a town, city, or county industrial development agency from waiving taxes which would be received by a school district.

Last Action

REFERRED TO LOCAL GOVERNMENT

1/8/2025

Committee Referrals

Local Government1/8/2025

Full Bill Text

No bill text available