New York A 10860: Relates to payments in lieu of taxes

Bill Text

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A10860 Summary:

BILL NOA10860 

&nbsp

SAME ASSAME AS S03245-A

&nbsp

SPONSORMcDonald

&nbsp

COSPNSRRomero, Shimsky, Schiavoni, Lavine, Hawley, Palmesano, Griffin

&nbsp

MLTSPNSR

&nbsp

Amd §3-c, Gen Muni L; amd §2023-a, Ed L

&nbsp

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.

Go to top A10860 Actions:

BILL NOA10860 

&nbsp

04/08/2026referred to local governments

05/18/2026reported referred to ways and means

Go to topA10860 Committee&nbspVotes:

Committee:LOCAL GOVERNMENTS Chair:Solages 
DATE:05/18/2026AYE/NAY:14/6 Action: Favorable refer to committee Ways and Means SolagesAyeBrownNay

RamosAyeFriendNay

WoernerAyeManktelowNay

JacobsonAyeGallahanNay

ClarkAyeSimpsonNay

ConradAyeBeephanNay

RiveraAye

LevenbergAye

ShimskyAye

ShresthaAye

SchiavoniAye

WiederAye

KassayAye

O'PharrowAye

Go to topA10860 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA10860 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10860

 IN ASSEMBLY

 April 8, 2026
 ___________

 Introduced by M. of A. McDONALD -- read once and referred to the Commit-
 tee on Local Governments

 AN ACT to amend the general municipal law and the education law, in
 relation to payments in lieu of taxes

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subparagraph (i) of paragraph (b) of subdivision 3 of
 2 section 3-c of the general municipal law, as amended by section 2 of
 3 subpart C of part C of chapter 20 of the laws of 2015, is amended to
 4 read as follows:
 5 (i) The commissioner of taxation and finance shall calculate a quanti-
 6 ty change factor for each local government for the coming fiscal year
 7 based upon the physical or quantity change, as defined by section twelve
 8 hundred twenty of the real property tax law, reported to the commission-
 9 er of taxation and finance by the assessor or assessors pursuant to
 10 section five hundred seventy-five of the real property tax law. The
 11 quantity change factor shall show the percentage by which the full value
 12 of the taxable real property in the local government has changed due to
 13 physical or quantity change between the second final assessment roll or
 14 rolls preceding the final assessment roll or rolls upon which taxes are
 15 to be levied, and the final assessment roll or rolls immediately preced-
 16 ing the final assessment roll or rolls upon which taxes are to be
 17 levied. The commissioner of taxation and finance shall, as appropriate,
 18 promulgate rules and regulations regarding the calculation of the quan-
 19 tity change factor which may adjust the calculation based on the devel-
 20 opment on tax exempt land, including the change in assessed value for
 21 each property on the exempt side of the tax rolls under a payment in
 22 lieu of tax agreement; provided, however, that where a local government
 23 has elected pursuant to paragraph (e) of this subdivision, the commis-
 24 sioner shall include the equivalent taxable value determined pursuant to
 25 such paragraph in lieu of including the full assessed value of such
 26 property.
 27 § 2. Subdivision 3 of section 3-c of the general municipal law is
 28 amended by adding a new paragraph (e) to read as follows:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03251-02-6

 A. 10860 2

 1 (e)(i) Notwithstanding any other provision of this section, a local
 2 government may elect to include, for purposes of calculating the quanti-
 3 ty change factor, the equivalent taxable value of real property subject
 4 to a payment in lieu of taxes agreement.
 5 (ii) The equivalent taxable value shall be determined by dividing the
 6 portion of the payment in lieu of taxes attributable to real property
 7 taxation by the applicable tax rate or rates for th