Bill
Bill > S06758
NY S06758
NY S06758Establishes an energy system tax stabilization reserve fund in the Copenhagen Central School District to lessen or prevent increases in the school district's real property tax levy resulting from decreases in revenue due to changes in or termination of the payments in lieu of taxes receivable by the school district.
summary
Introduced
05/14/2021
05/14/2021
In Committee
06/10/2021
06/10/2021
Crossed Over
06/10/2021
06/10/2021
Passed
07/21/2021
07/21/2021
Dead
Signed/Enacted/Adopted
08/02/2021
08/02/2021
Introduced Session
2021-2022 General Assembly
Bill Summary
Establishes an energy system tax stabilization reserve fund in the Copenhagen Central School District to lessen or prevent increases in the school district's real property tax levy resulting from decreases in revenue due to changes in or termination of the payments in lieu of taxes receivable by the school district.
AI Summary
This bill establishes an energy system tax stabilization reserve fund in the Copenhagen Central School District. The fund is intended to lessen or prevent increases in the school district's real property tax levy resulting from decreases in revenue due to changes in or termination of the payments in lieu of taxes (PILOT) receivable by the school district from a private wind energy systems project or projects located within the district. The bill defines key terms, outlines the process for establishing and administering the fund, and specifies that the fund can be used for any lawful purpose.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
SIGNED CHAP.380 (on 08/02/2021)
Official Document
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