A04658 Summary:
BILL NO | A04658B |
  | |
SAME AS | SAME AS S01138-B |
  | |
SPONSOR | Fahy (MS) |
  | |
COSPNSR | McDonald |
  | |
MLTSPNSR | |
  | |
Amd S19-a, Pub Lds L | |
  | |
Authorizes payment of additional state aid for certain state-leased or state-owned lands. |
A04658 Memo:
Go to topNEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)   BILL NUMBER: A4658B SPONSOR: Fahy (MS)
  TITLE OF BILL: An act to amend the public lands law, in relation to certain state-leased or state-owned lands   PURPOSE OR GENERAL IDEA OF BILL: Authorizes payment of additional state aid for certain state-leased or state-owned lands   SUMMARY OF SPECIFIC PROVISIONS: Section 1 - amends section 19-a of the public lands law by adding a new subdivision 2-b Section 2 is the effective date   JUSTIFICATION: This legislation which was requested by the City of Albany would provide for payment in lieu of taxes (PILOT). Currently, nearly 60% of the City is tax-exempt, largely as a result of State ownership. This legislation proposes a PILOT payment of 1.75% of the present value of the Harriman Campus, an amount that would be approximately $11.7 million annually. The bill provides that this amount would be paid annually for ten years and would decrease sooner if the Harriman Campus is privatized.   PRIOR LEGISLATIVE HISTORY: 2012: A.10022/S.7201   FISCAL IMPLICATIONS: To be determined   EFFECTIVE DATE: This act shall take effect immediately
A04658 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 4658--B 2013-2014 Regular Sessions IN ASSEMBLY February 7, 2013 ___________ Introduced by M. of A. FAHY, McDONALD -- read once and referred to the Committee on Real Property Taxation -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee -- recommitted to the Committee on Real Property Taxation in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the public lands law, in relation to certain state- leased or state-owned lands The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 19-a of the public lands law is amended by adding a 2 new subdivision 2-b to read as follows: 3 2-b. (1) Notwithstanding any provision of this section to the contra- 4 ry, in addition to state aid otherwise payable pursuant to this section, 5 there shall be payable to any city located in a county in which there 6 has been constructed a state office building project known as the W. 7 Averell Harriman State Office Building Campus (more specifically identi- 8 fied on the assessment roll of such city as section, lot and block 9 numbers 53.00-1-2 and 53.00-1-9, respectively), state aid payable annu- 10 ally, in an amount equal to 1.75 percent of such aggregate assessed 11 values of such state office building project as it appeared on the two 12 thousand nine final assessment roll of such city. 13 (2) Such payments shall be for city purposes only, and shall begin on 14 June first, two thousand fourteen and shall be payable for a period of 15 ten years. For greater certainty, such city's assessments for the prop- 16 erties described in paragraph one of this subdivision are to remain at 17 such two thousand nine total assessed values, i.e. six hundred sixty- 18 three million nine hundred fifty thousand nine hundred dollars and ten 19 million four hundred nineteen thousand six hundred dollars, respective- 20 ly, throughout such ten year period, provided, however, if any portion EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01954-05-4A. 4658--B 2 1 of the property is sold by the state of New York during this period, 2 then the sale price of such sale shall be deducted from its appropriate 3 above referenced total assessed value on the next succeeding assessment 4 roll, and such reduced total assessed value shall become the new basis 5 for determining the annual payment for that and each succeeding year 6 thereafter. 7 § 2. This act shall take effect immediately.