Bill > A326

Introduced Session

This bill would provide counties and school districts with notice that a municipality is considering granting long term tax exemptions and require municipalities to share amounts received by urban renewal entities in lieu of property taxes with counties and school districts. Urban renewal entities would be required to provide counties and school districts with copies of applications for long term tax exemptions. Mayors would be required to provide counties and school districts with copies of the recommendations mayors submit to municipal governing bodies with regard to applications from urban renewal entities. Municipal governing bodies would afford counties and school districts a 30-day period to review mayoral recommendations, within which period counties and school districts could submit their own recommendations. When determining whether to approve an application, a municipal governing body would give due consideration to the concerns of counties and school districts. The bill would also require municipalities to provide a portion of the amounts received in lieu of property taxation from urban renewal entities to the county and to the school district or districts. A municipality that receives a payment in lieu of taxation from an urban renewal entity would be required to distribute a portion of the amount received, immediately upon receipt, to the county and to the school district or districts based upon the distribution of the amount raised by taxation in the taxing district to those entities in the prior year.

AI Summary

Committee Categories

Tony Bucco (R)*,  Michael Carroll (R)*,  Troy Singleton (D)*,  Jay Webber (R)*,  Amy Handlin (R), 

Assembly Floor Amendment Passed (McKeon) (on 05/26/2016)