---
type: "Bill"
title: "Establishes the power plant tax assessment reserve fund"
description: "Establishes the power plant tax assessment reserve fund to reserve against, lessen or prevent increases in the school district's real property tax levy and/or tax rate resulting from decreases in revenue or taxes or a significant shift in tax liability due to a tax certiorari settlement or judgment; defines terms; makes related provisions."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2023-2024"
identifier: "A 5142"
citation: "New York A 5142 (2023-2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Eric Brown"]
version_count: 3
action_count: 19
vote_count: 2
first_action: "2023-03-02"
last_action: "2023-10-25"
source: "openstates"
source_identifier: "ocd-bill/b238015a-84e0-49aa-a49b-dad299fb2f87"
source_url: "http://www.nysenate.gov/legislation/bills/2023/A5142"
source_hash: "2dc45d9ca0816a98796f07fedc2f7bf96a9169f09f34b9dc631abab0f76e2026"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ny"]
---

# New York A 5142 (2023-2024) — Establishes the power plant tax assessment reserve fund

Establishes the power plant tax assessment reserve fund to reserve against, lessen or prevent increases in the school district's real property tax levy and/or tax rate resulting from decreases in revenue or taxes or a significant shift in tax liability due to a tax certiorari settlement or judgment; defines terms; makes related provisions.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **A5142** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=A5142&term=2023&Text=Y)
2. **A5142A** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2023/A5142A)
3. **A5142B** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2023/A5142B)

## Votes

- Assembly Vote — **145–0** (pass) · lower
- Floor Vote - Version: B — **62–0** (pass) · upper

## Sponsors

- Eric Brown — primary (person)
- Joe DeStefano — cosponsor (person)
- Keith Brown — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-03-02** REFERRED TO EDUCATION `referral-committee`
- **2023-05-11** AMEND (T) AND RECOMMIT TO EDUCATION `amendment-passage, referral-committee`
- **2023-05-11** PRINT NUMBER 5142A `amendment-passage`
- **2023-05-15** AMEND AND RECOMMIT TO EDUCATION `amendment-passage, referral-committee`
- **2023-05-15** PRINT NUMBER 5142B `amendment-passage`
- **2023-05-24** REPORTED REFERRED TO WAYS AND MEANS `referral-committee`
- **2023-06-01** REPORTED REFERRED TO RULES `referral-committee`
- **2023-06-05** REPORTED
- **2023-06-05** RULES REPORT CAL.507
- **2023-06-05** ORDERED TO THIRD READING RULES CAL.507
- **2023-06-05** PASSED ASSEMBLY `passage`
- **2023-06-05** DELIVERED TO SENATE
- **2023-06-05** REFERRED TO RULES `referral-committee`
- **2023-06-08** SUBSTITUTED FOR S7253A
- **2023-06-08** 3RD READING CAL.1777
- **2023-06-08** PASSED SENATE `passage`
- **2023-06-08** RETURNED TO ASSEMBLY
- **2023-10-13** DELIVERED TO GOVERNOR `executive-receipt`
- **2023-10-25** SIGNED CHAP.554 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b238015a-84e0-49aa-a49b-dad299fb2f87`. Confidence: reported (aggregated from official New York legislature records).