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.

Statutes affected:
A10860: 3-c general municipal law, 3-c(3) general municipal law, 2023-a education law, 2023-a(2-a) education law