Assembly Bill A330

2015-2016 Legislative Session

Provides that actual valuation, for state school aid purposes, shall be based on the calendar in which the base year commenced

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-A330 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Education Law
Laws Affected:
Amd §3602, Ed L
Versions Introduced in 2013-2014 Legislative Session:
A8511

2015-A330 (ACTIVE) - Summary

Provides that actual valuation, for state school aid purposes, shall be based on the calendar in which the base year commenced.

2015-A330 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   330

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by  M.  of  A.  SKARTADOS  --  read once and referred to the
  Committee on Real Property Taxation

AN ACT to amend the education law, in relation to actual  valuation  for
  state education aid purposes

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph c of subdivision 1 of section 3602 of the  educa-
tion  law,  as amended by section 11 of part B of chapter 57 of the laws
of 2007, is amended to read as follows:
  c. "Actual valuation" shall mean the valuation of taxable real proper-
ty in a school district obtained by taking  the  assessed  valuation  of
taxable  real  property  within  such  district  as  it appears upon the
assessment roll of the town, city, village,  or  county  in  which  such
property  is  located,  for  the  calendar  year [two years prior to the
calendar year] in which the  base  year  commenced,  after  revision  as
provided  by  law,  and  dividing  it  by the state equalization rate as
determined by the state board of equalization and  assessment,  for  the
assessment  roll of such town, city, village, or county completed during
such preceding calendar year. The actual valuation  of  a  central  high
school  district  shall  be  the sum of such valuations of its component
districts. Such actual valuation  shall  include  any  actual  valuation
equivalent  of  payments in lieu of taxes determined pursuant to section
four hundred eighty-five of the real property tax law. "Selected  actual
valuation"  shall mean the lesser of actual valuation calculated for aid
payable in the current year or the two-year average of the actual  valu-
ation  calculated  for  aid  payable  in the current year and the actual
valuation calculated for aid payable in the base year.
  S 2. This act shall take effect July 1, 2015.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00606-01-5

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