New York Assembly Bill A04927 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 4927 2025-2026 Regular Sessions  IN ASSEMBLY February 10, 2025 ___________ Introduced by M. of A. BRONSON, LUNSFORD, RIVERA, SHRESTHA, BICHOTTE HERMELYN, EACHUS, BURDICK, LUPARDO, McMAHON, SLATER, STECK, SHIMSKY, JACOBSON, STIRPE, MEEKS, KELLES -- read once and referred to the Committee on Education AN ACT to amend the general municipal law, in relation to waiving school taxes by a town, city, or county industrial development agency The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The general municipal law is amended by adding a new 2 section 889 to read as follows: 3 § 889. Special provisions applicable to town, city, or county agency. 4 A town, city, or county agency shall not enter into agreements requiring 5 payment in lieu of taxes or waive any other tax where such tax would be 6 received by a school district. 7 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00416-01-5