S3245 (2025-26 session)
NY State bill
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.
- Title
- Relates to payments in lieu of taxes
- Type
- New York State Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-03-23
- In committee
- Local Government
- Introduced
- 2025-01-24
- Active version
- S3245A
- Same as
- A10860
- Law section
- General Municipal Law