S 1260 New York Senate · 2017 Regular Session

Relates to reductions of payments in lieu of taxes

Summary
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 status in committee 1 of 4 stages cleared
Introduction
Jan 2017
Committee Review
Floor Vote
Governor
Introduced Jan 6, 2017 Last action Jan 3, 2018
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 3, 2018
Senate · Referred to committee
REFERRED TO LOCAL GOVERNMENT
Jan 6, 2017
Senate · Referred to committee
REFERRED TO LOCAL GOVERNMENT
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
CL
Carl L Marcellino
RRepublican
NY
5