STATE OF NEW YORK
________________________________________________________________________
8825--A
IN ASSEMBLY
February 19, 2014
___________
Introduced by M. of A. BARCLAY, OAKS -- 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
AN ACT to amend the real property tax law, in relation to the tax
exemption for nuclear powered electric generating facilities
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph (e) of subdivision 2 of section 485 of the real
2 property tax law, as added by chapter 87 of the laws of 2001 and as
3 further amended by subdivision (b) of section 1 of part W of chapter 56
4 of the laws of 2010, is amended to read as follows:
5 (e) For assessment rolls with taxable status dates on or after January
6 first, two thousand [sixteen] thirty-one, or such earlier year as may be
7 specified in the local law or resolution authorizing the exemption
8 [(provided that the term of the exemption shall not be reduced thereby
9 to less than five years)], the exemption provided by this section shall
10 no longer apply and any agreement for payments in lieu of taxes for any
11 facility theretofore exempt pursuant to this section shall no longer be
12 in effect. Upon the request of the assessor of an assessing unit
13 containing a nuclear powered electric generating facility, the commis-
14 sioner shall provide an advisory appraisal of such facility for use on
15 the municipal assessment roll with a taxable status date on or after
16 January first, two thousand [sixteen] thirty-one.
17 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13659-02-4