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S 3245

New York - Session 2025-2026

Senate in_committee 2026-03-23
Bill Details

Title: Relates to payments in lieu of taxes

Summary

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.

Sponsor
Jeremy Cooney
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-24 Introduced Bill introduced
2026-03-23 Status in_committee
2026-03-23 Latest Action In Senate Committee
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