S 950

  • New York Senate Bill
  • 2021 Regular Session
  • Introduced in Senate
  • Senate
  • Assembly
  • Governor

Relates to reductions of payments in lieu of taxes

Abstract

Relates to reductions of payments in lieu of taxes; provides that where such payment agreement is to be reduced due to a reassessment of the parcel of real property such agreement is related to, such reduction shall be phased in over 10 years if the reduction would negatively affect the revenues of a local government by more than 5%.

Bill Sponsors (1)

Votes


Actions


Jan 05, 2022

Senate

REFERRED TO LOCAL GOVERNMENT

May 10, 2021

Senate

REPORTED AND COMMITTED TO FINANCE

Jan 06, 2021

Senate

REFERRED TO LOCAL GOVERNMENT

Bill Text

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Sources

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