Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to finance |
Oct 02, 2015 |
print number 6051a |
Oct 02, 2015 |
amend (t) and recommit to rules |
Sep 16, 2015 |
referred to rules |
Senate Bill S6051A
2015-2016 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Finance 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
Actions
Bill Amendments
2015-S6051 - Details
- Current Committee:
- Senate Finance
- Law Section:
- Municipalities
- Laws Affected:
- Amd Part C Subpart H §1, Chap 20 of 2015
2015-S6051 - Sponsor Memo
BILL NUMBER:S6051 TITLE OF BILL: An act to amend part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corporations and school districts, in relation to allowing a municipal corporation or school district to receive moneys where a fossil fuel electric generating facility has caused a reduction in tax collections and receipts from payments in lieu of taxes of at least five percent PURPOSE: Allows a municipal corporation or school district to receive moneys where a fossil fuel electric generating facility has caused a reduction in tax collections and receipts from payments in lieu of taxes of at least five percent. SUMMARY OF PROVISIONS: Section 1- Section 1 of subpart H of part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corporations and school districts, is amended to allow the availability of money from the urban development corporation to a municipal corporation or school district in which a fossil fuel electric generating facility has permanently closed and where the closing of such facility has caused a reduction in the tax collections and receipts from payments in lieu of taxes of at least 5%. Section 2- contains the effective date
2015-S6051 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6051 2015-2016 Regular Sessions I N S E N A T E September 16, 2015 ___________ Introduced by Sen. PANEPINTO -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corporations and school districts, in relation to allowing a municipal corporation or school district to receive moneys where a fossil fuel electric generating facility has caused a reduction in tax collections and receipts from payments in lieu of taxes of at least five percent THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1 of subpart H of part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corpo- rations and school districts, is amended to read as follows: Section 1. Contingent upon available funding, and not to exceed $19,000,000, moneys from the urban development corporation shall be available for a municipal corporation or school district, as determined by the urban development corporation, where (i) a fossil fuel electric generating facility located within such municipal corporation or school district has permanently ceased operations, and (ii) the closing of such facility has caused a reduction in the tax collections and receipts from payments in lieu of taxes of at least [20%] 5%, or any judicial determi- nation concerning a fossil fuel electric generating facility, has caused a reduction in the tax collections and receipts from payments in lieu of taxes of at least [20%] 5%; provided, however, that the urban develop- ment corporation shall not provide assistance to a municipal corporation or school district for more than five years, and shall not award in the first year more than eighty percent of the loss of revenues from proper- ty tax and payments in lieu of taxes due to the closure of such facili- ty. The total amount awarded from this program shall not exceed $19,000,000. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11933-01-5
2015-S6051A (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- Municipalities
- Laws Affected:
- Amd Part C Subpart H §1, Chap 20 of 2015
2015-S6051A (ACTIVE) - Sponsor Memo
BILL NUMBER: S6051A TITLE OF BILL : An act to amend part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corporations and school districts, in relation to allowing a municipal corporation or school district to receive moneys where a fossil fuel electric generating facility has caused a reduction in tax collections and receipts from payments in lieu of taxes PURPOSE OR GENERAL IDEA OF BILL : Allows a municipal corporation or school district to receive moneys where a fossil fuel electric generating facility has caused a reduction in tax collections and receipts from payments in lieu of taxes. SUMMARY OF SPECIFIC PROVISIONS : Section 1- Section 1 of subpart H of part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corporations and school districts, is amended to allow the availability of money from the urban development corporation to a municipal corporation or school district in which a fossil fuel electric generating facility has permanently closed and where the closing of such facility has caused a reduction in the tax collections and receipts from payments in lieu of taxes.
2015-S6051A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6051--A 2015-2016 Regular Sessions I N S E N A T E September 16, 2015 ___________ Introduced by Sen. PANEPINTO -- read twice and ordered printed, and when printed to be committed to the Committee on Rules -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corporations and school districts, in relation to allowing a municipal corporation or school district to receive moneys where a fossil fuel electric generating facility has caused a reduction in tax collections and receipts from payments in lieu of taxes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1 of subpart H of part C of chapter 20 of the laws of 2015, relating to appropriating money for certain municipal corpo- rations and school districts, is amended to read as follows: Section 1. Contingent upon available funding, and not to exceed $19,000,000, moneys from the urban development corporation shall be available for a municipal corporation or school district, as determined by the urban development corporation, where (i) a fossil fuel electric generating facility located within such municipal corporation or school district has permanently ceased operations, and (ii) the closing of such facility has caused a reduction in the tax collections and receipts from payments in lieu of taxes [of at least 20%,] or any judicial determi- nation concerning a fossil fuel electric generating facility, has caused a reduction in the tax collections and receipts from payments in lieu of taxes [of at least 20%]; provided, however, that the urban development corporation shall not provide assistance to a municipal corporation or school district for more than five years, and shall not award in the first year more than eighty percent of the loss of revenues from proper- ty tax and payments in lieu of taxes due to the closure of such facili- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11933-02-5
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