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New York bills · 2025 Regular Session

New York S 3245

Relates to payments in lieu of taxes

  1. Introduced
  2. In committee
  3. Passed Senate
  4. Passed House
  5. To Governor
  6. Became law

Sponsors

Cosponsors (7)

Summary

Official abstract published by the New York legislature

Relates to payments in lieu of taxes; provides that the tax base growth factor or quantity change factor includes the change in assessed value for each property on the exempt side of the tax rolls under a payment in lieu of tax agreement; allows a local government or school district to elect to include the equivalent taxable value of property subject to a payment in lieu of taxes agreement in the calculation of its quantity change factor.

Text versions

Roll-call votes

No recorded votes on this bill.

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