Authorizes the commissioner of taxation and finance to study feasibility of reducing the number of assessing units and equalization rates

Authorizes the commissioner of taxation and finance to study feasibility of reducing the number of assessing units and equalization rates; such study shall include, but not be limited to, a review and the impact of eliminating all villages as assessing units, realignment of school district boundaries, use of current assessment roll as the base year roll, and that periodic assessment updates be completed every six years.