A00357 Summary:

BILL NOA00357
 
SAME ASNo same as
 
SPONSORMagnarelli (MS)
 
COSPNSRHoyt, Gunther, Christensen, DelMonte, Peoples-Stokes, Koon, Lupardo, Stirpe
 
MLTSPNSRHikind, Kellner, Latimer
 
Add S532-a, RPT L
 
Relates to state aid for certain cities adversely affected by a concentration of tax exempt property; applies to cities with a population of less than one million but more than forty thousand.
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A00357 Actions:

BILL NOA00357
 
01/07/2009referred to real property taxation
01/06/2010referred to real property taxation
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A00357 Floor Votes:

There are no votes for this bill in this legislative session.
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A00357 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                           357
 
                               2009-2010 Regular Sessions
 
                   IN ASSEMBLY
 
                                       (Prefiled)
 
                                     January 7, 2009
                                       ___________
 
        Introduced by M. of A. MAGNARELLI, HOYT, GUNTHER, CHRISTENSEN, DelMONTE,
          PEOPLES,  KOON,  LUPARDO,  STIRPE  --  Multi-Sponsored  by -- M. of A.
          HIKIND, KELLNER, LATIMER -- read once and referred to the Committee on
          Real Property Taxation
 

        AN ACT to amend the real property tax law, in relation to state aid  for
          certain  cities  adversely  affected  by a concentration of tax exempt
          property
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  The  real  property  tax  law  is amended by adding a new
     2  section 532-a to read as follows:
     3    § 532-a. Certain lands subject to state payments. In any city  with  a
     4  population  of  less than one million and a population of forty thousand
     5  or more and in which the total amount of tax exempt property  represents
     6  more than thirty-five percent, by value, of the total amount of property
     7  in  such city, the state shall pay a sum, subject to budgetary appropri-
     8  ation, as follows:

     9    1. Fifty percent of such sum shall be paid to each  eligible  city  in
    10  proportion  to  such city's population relative to the population of all
    11  eligible cities; and
    12    2. Fifty percent of such sum shall be paid based on the value  of  tax
    13  exempt  property  in  each eligible city as a percentage of the value of
    14  all tax exempt property in all eligible cities.
    15    § 2. This act shall take effect immediately and shall apply to assess-
    16  ment rolls prepared on the basis of taxable status  dates  occurring  on
    17  and after the date on which this act shall have become a law.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00615-01-9
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