STATE OF NEW YORK ________________________________________________________________________ 672 2017-2018 Regular Sessions IN SENATE January 4, 2017 ___________ Introduced by Sens. KENNEDY, GALLIVAN, LATIMER -- read twice and ordered printed, and when printed to be committed to the Committee on Educa- tion AN ACT to amend the education law, in relation to supplemental impact aid grants The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 3641 of the education law is amended by adding a 2 new subdivision 17 to read as follows: 3 17. Supplemental impact aid grants. a. The purpose of this subdivision 4 is to provide financial assistance to districts other than for city 5 school districts of cities having populations of one hundred twenty-five 6 thousand or more which have experienced a significant reduction in the 7 taxable full value of the school district as a direct consequence of 8 section four hundred forty-six of the real property tax law. Real prop- 9 erty actually and exclusively used under section four hundred forty-six 10 of the real property tax law shall remain exempt from taxation and 11 exempt from special ad valorem levies and special assessments. 12 b. Prescribed payments. On or after the first business day of July of 13 each school year, commencing July first, two thousand seventeen, school 14 districts shall be fully reimbursed in an amount equal to one hundred 15 percent of the exemption provided for by section four hundred forty-six 16 of the real property tax law, if that reimbursement amount is over two- 17 tenths of one percent of the district's overall state aid. No payment 18 shall be made pursuant to this subdivision until such amount for each 19 school district is certified by the commissioner of taxation and finance 20 and transmitted to the commissioner. Such certification shall be made on 21 or before June thirtieth so as to facilitate payments to be made pursu- 22 ant to this section. 23 c. The commissioner of taxation and finance shall calculate an amount 24 equal to one hundred percent of the exemption provided for by section EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01109-01-7

S. 672 2 1 four hundred forty-six of the real property tax law for each district. A 2 district full reimbursement amount shall equal the product of the total 3 exempted full value multiplied by the district homestead property tax 4 rate per thousand for the base year. 5 d. A district is eligible for such a reimbursement if the quotient of 6 the total aid for adjustment divided by one hundred percent of the 7 exemption provided for by section four hundred forty-six of the real 8 property tax law is greater than two-tenths of one percent. For a 9 district designated as high need or average need pursuant to subpara- 10 graph two of paragraph c of subdivision six of this section for the 11 school aid computer listing produced by the commissioner in support of 12 the enacted budget for the two thousand seven--two thousand eight school 13 year and entitled "SA0708", or in the case of a reorganized district 14 that had a predecessor district that was so designated, such district 15 shall be fully reimbursed. For other districts designated as low need 16 pursuant to subparagraph two of paragraph c of subdivision six of this 17 section for the school aid computer listing produced by the commissioner 18 in support of the enacted budget for the two thousand seven--two thou- 19 sand eight school year and entitled "SA0708", or in the case of a reor- 20 ganized district that had a predecessor district that was so designated, 21 and a combined wealth ratio of less than one and five-tenths (1.5), 22 twenty-five percent. 23 For the purposes of such computation, "total aid for adjustment" shall 24 mean the sum of the amounts set forth for each school district as "FOUN- 25 DATION AID", "UNIVERSAL PRE-KINDERGARTEN", "FULL DAY K CONVERSION", 26 "BOCES & SPECIAL SERVICES", "HIGH COST EXCESS COST", "PRIVATE EXCESS 27 COST", "HARDWARE & TECHNOLOGY", "SOFTWARE, LIBRARY, TEXTBOOK", "TRANS- 28 PORTATION INCL SUMMER", "OPERATING REORG INCENTIVE", "CHARTER SCHOOL 29 TRANSITIONAL", "ACADEMIC ENHANCEMENT", "HIGH TAX AID" and "SUPPLEMENTAL 30 PUB EXCESS COST" under the heading "2015-16 BASE YEAR AIDS" in the 31 school aid computer listing produced by the commissioner in support of 32 the enacted budget for the two thousand sixteen--two thousand seventeen 33 school year; 34 e. No payment shall be made pursuant to this subdivision until such 35 amount for each school district is certified by the commissioner of 36 taxation and finance and transmitted to the commissioner. Such certif- 37 ication shall be made on or before June thirtieth so as to facilitate 38 payments to be made pursuant to this section. 39 § 2. This act shall take effect immediately.