A 10860 New York Assembly · 2025 Regular Session

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.
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2026
Committee Review
Floor Vote
Governor
Introduced Apr 8, 2026 Last action May 18, 2026
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
May 18, 2026
Committee
REPORTED REFERRED TO WAYS AND MEANS
lower
Apr 8, 2026
Committee
REFERRED TO LOCAL GOVERNMENTS
lower
1 primary · 7 co-sponsors

Sponsors