Provides for a temporary exemption to limitations upon school district tax levies to school districts who experience a loss of a payment in lieu of taxes agreement due to the closure of a nuclear power plant.
STATE OF NEW YORK
________________________________________________________________________
4749
2023-2024 Regular Sessions
IN SENATE
February 14, 2023
___________
Introduced by Sen. HARCKHAM -- read twice and ordered printed, and when
printed to be committed to the Committee on Education
AN ACT to amend the education law, in relation to providing a temporary
exemption to limitations upon school district tax levies to certain
school districts
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 2023-a of the education law is amended by adding a
2 new subdivision 10 to read as follows:
3 10. Notwithstanding any other provision of law to the contrary, a
4 school district with a payment in lieu of taxes agreement with a person,
5 firm, partnership, corporation, limited liability company or any other
6 business entity operating a nuclear power plant which suffers an expira-
7 tion of such agreement due to the closure of such nuclear power plant
8 shall be exempt from the levy limit restrictions established pursuant to
9 the provisions of this section for a period of eight years following the
10 expiration of such payment in lieu of taxes agreement, provided however,
11 that during such exemption period any increase in such school district's
12 tax levy from the prior school year shall not exceed four percent.
13 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09338-02-3
