Authorizes payment of additional state aid for certain state-leased or state-owned lands.
TITLE OF BILL: An act to amend the public lands law, in relation to certain state-leased or state-owned lands
PURPOSE OR GENERAL IDEA OF BILL: Authorizes payment of additional state aid for certain state-leased or state-owned lands.
SUMMARY OF SPECIFIC PROVISIONS: Section 1 - amends section 19-a of the public lands law by adding a new subdivision 2-b.
Section 2 is the effective date.
JUSTIFICATION: This legislation which was requested by the City of Albany would provide for payment in lieu of taxes (PILOT). Currently, nearly 60% of the City is tax-exempt, largely as a result of State ownership. This legislation proposes a PILOT payment of 1.75% of the present value of the Harriman Campus, an amount that would be approximately $11.7 million annually for eight years. The bill provides that this amount would be paid annually for ten years and would decrease sooner if the Harriman Campus is privatized.
PRIOR LEGISLATIVE HISTORY: 2011/12 - A.10022/S.7201 Remained in Senate Committee on Investigations and Government Operations and Assembly Committee on Real Property Taxation
FISCAL IMPLICATIONS: To be determined.
EFFECTIVE DATE: This act shall take effect immediately.
STATE OF NEW YORK ________________________________________________________________________ 1138 2013-2014 Regular Sessions IN SENATE (PREFILED) January 9, 2013 ___________Introduced by Sen. BRESLIN -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the public lands law, in relation to certain state- leased or state-owned lands THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 19-a of the public lands law is amended by adding a new subdivision 2-b to read as follows: 2-B. (1) NOTWITHSTANDING ANY PROVISION OF THIS SECTION TO THE CONTRA- RY, IN ADDITION TO STATE AID OTHERWISE PAYABLE PURSUANT TO THIS SECTION, THERE SHALL BE PAYABLE TO ANY CITY LOCATED IN A COUNTY IN WHICH THERE HAS BEEN CONSTRUCTED A STATE OFFICE BUILDING PROJECT KNOWN AS THE W. AVERELL HARRIMAN STATE OFFICE BUILDING CAMPUS (MORE SPECIFICALLY IDENTI- FIED ON THE ASSESSMENT ROLL OF SUCH CITY AS SECTION, LOT AND BLOCK NUMBERS 53.00-1-2 AND 53.00-1-9, RESPECTIVELY), STATE AID PAYABLE ANNU- ALLY, IN AN AMOUNT EQUAL TO 1.75 PERCENT OF SUCH AGGREGATE ASSESSED VALUES OF SUCH STATE OFFICE BUILDING PROJECT AS IT APPEARED ON THE TWO THOUSAND NINE FINAL ASSESSMENT ROLL OF SUCH CITY. (2) SUCH PAYMENTS SHALL BE FOR CITY PURPOSES ONLY, AND SHALL BEGIN ON JUNE FIRST, TWO THOUSAND THIRTEEN AND SHALL BE PAYABLE FOR A PERIOD OF TEN YEARS. FOR GREATER CERTAINTY, SUCH CITY'S ASSESSMENTS FOR THE PROP- ERTIES DESCRIBED IN PARAGRAPH ONE OF THIS SUBDIVISION ARE TO REMAIN AT SUCH TWO THOUSAND NINE TOTAL ASSESSED VALUES, I.E. SIX HUNDRED SIXTY-THREE MILLION NINE HUNDRED FIFTY THOUSAND NINE HUNDRED DOLLARS AND TEN MILLION FOUR HUNDRED NINETEEN THOUSAND SIX HUNDRED DOLLARS, RESPEC- TIVELY, THROUGHOUT SUCH EIGHT YEAR PERIOD, PROVIDED, HOWEVER, IF ANY PORTION OF THE PROPERTY IS SOLD BY THE STATE OF NEW YORK DURING THIS PERIOD, THEN THE SALE PRICE OF SUCH SALE SHALL BE DEDUCTED FROM ITS APPROPRIATE ABOVE REFERENCED TOTAL ASSESSED VALUE ON THE NEXT SUCCEEDINGEXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01954-01-3 S. 1138 2
ASSESSMENT ROLL, AND SUCH REDUCED TOTAL ASSESSED VALUE SHALL BECOME THE NEW BASIS FOR DETERMINING THE ANNUAL PAYMENT FOR THAT AND EACH SUCCEED- ING YEAR THEREAFTER. S 2. This act shall take effect immediately.