Requires the state to pay all real property taxes on the assessed value of the Moriah shock incarceration correctional facility.
Summary
Bill S04440 mandates that the state of New York pay real property taxes on the assessed value of the Moriah shock incarceration correctional facility. This requirement takes effect once the correctional operations at the facility cease. The bill specifies that the state is responsible for these taxes until the land is either used for state operations or sold to a non-governmental entity. In cases where the land is conveyed to a not-for-profit entity, that entity must enter into a payment in lieu of taxes agreement with Essex County and the town of Moriah.
Impact
The bill will amend the real property tax law to ensure that the state is liable for property taxes on the Moriah facility, which could lead to increased state expenditures. This change may also affect local government revenues, as the state will be responsible for taxes that would otherwise be paid by the facility's operators. Additionally, the provision for payments in lieu of taxes for non-profit entities could provide a framework for future land use and tax arrangements.
Sentiment
The sentiment surrounding Bill S04440 appears to be neutral, as there have been no recorded votes or significant committee discussions available to gauge public or legislative opinion. The bill's straightforward nature may contribute to a lack of contention or strong advocacy either for or against it.
Contention
There are no notable points of contention currently documented regarding this bill, likely due to its specific focus on a single facility and the straightforward nature of the tax requirement. However, potential concerns could arise regarding the financial implications for the state and local governments if the facility is not sold or repurposed promptly.