States / New York / S 3245

S 3245 Amended

Relates to payments in lieu of taxes

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

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.

Chamber
Senate
Introduced
Jan 24, 2025
Last action
Mar 23, 2026 — PRINT NUMBER 3245A
Session
2025-2026
Momentum
54 · Moderate