Bill
Bill > S00650
NY S00650
NY S00650Provides for the taxation of state owned land for all purposes, exclusive of improvements and in accordance with any payment in lieu of taxes agreement commencing on and after January first, two thousand twenty-two.
summary
Introduced
01/06/2021
01/06/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Provides for the taxation of state owned land for all purposes, exclusive of improvements and in accordance with any payment in lieu of taxes agreement commencing on and after January first, two thousand twenty-two.
AI Summary
This bill proposes to amend the Real Property Tax Law to provide for the taxation of state-owned land, exclusive of improvements, in accordance with a payment in lieu of taxes (PILOT) agreement, starting on and after January 1, 2022. Specifically, the bill would subject state-owned land to gradually increasing percentages of the taxes that would be owed if the land were privately owned, starting at 10% in 2022 and reaching 30% in 2026 and thereafter. The amount of taxes paid would not reduce any PILOT agreement the state has with a municipal corporation.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
REFERRED TO LOCAL GOVERNMENT (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S650 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S00650&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00650 |
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