Extends the provisions of accepting payment in lieu of taxes for property acquired for parks or recreational purposes.

New York State Senate bill S08346, sponsored by Patricia Canzoneri-Fitzpatrick, amends chapter 846 of the laws of 1970 to extend the provisions of accepting payment in lieu of taxes for property acquired for parks or recreational purposes. The bill modifies section 2 of the existing law, extending its effective term to June 30, 2030. This change ensures that the payment-in-lieu-of-taxes mechanism continues to support the acquisition of properties for public parks and recreational facilities.

Extends the provisions of accepting payment in lieu of taxes for property acquired for parks or recreational purposes.

New York State Senate bill S08346, sponsored by Patricia Canzoneri-Fitzpatrick, amends chapter 846 of the laws of 1970 to extend the provisions of accepting payment in lieu of taxes for property acquired for parks or recreational purposes. The bill modifies section 2 of the existing law, extending its effective term to June 30, 2030. This change ensures that the payment-in-lieu-of-taxes mechanism continues to support the acquisition of properties for public parks and recreational facilities.