Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to local government |
Jan 07, 2009 |
referred to local government |
Senate Bill S256
2009-2010 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Local Government Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-S256 (ACTIVE) - Details
2009-S256 (ACTIVE) - Sponsor Memo
BILL NUMBER: S256 TITLE OF BILL : An act to amend the real property tax law and the real property law, in relation to the assessment of condominiums and cooperatives PURPOSE : To require market-based assessments on real property, owned or leased by a cooperative corporation or on a condominium basis, which is converted or constructed on and after January 1, 2011. SUMMARY OF PROVISIONS : Section one adds a new section 581.1 (d) to the Real Property Tax Law (RPTL) removing the limitations in that section on assessments on condominiums and cooperatives converted or constructed on and after January 1, 2011 in any municipal corporation, other than New York City and Nassau County. Section two removes the valuation and assessment limitations of Real Property Law, § 339-y, from condominium and cooperative units converted or constructed on and after January 1, 2011 in all municipal corporations, other than New York City and Nassau County. Section three contains the effective date.
2009-S256 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 256 2009-2010 Regular Sessions I N S E N A T E (PREFILED) January 7, 2009 ___________ Introduced by Sen. LITTLE -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law and the real property law, in relation to the assessment of condominiums and cooperatives THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 581 of the real property tax law is amended by adding a new paragraph (d) to read as follows: (D) THE PROVISIONS OF PARAGRAPH (A) OF THIS SUBDIVISION SHALL NOT APPLY IN A MUNICIPAL CORPORATION, OTHER THAN A SPECIAL ASSESSING UNIT, TO A CONDOMINIUM OR COOPERATIVE UNIT UNLESS IT WAS SUBJECT TO THE PROVISIONS OF PARAGRAPH (A) OF THIS SUBDIVISION ON JANUARY FIRST, TWO THOUSAND ELEVEN. S 2. Subdivision 1 of section 339-y of the real property law is amended by adding a new paragraph (g) to read as follows: (G) THE PROVISIONS OF PARAGRAPH (B) OF THIS SUBDIVISION SHALL NOT APPLY IN A MUNICIPAL CORPORATION, OTHER THAN A SPECIAL ASSESSING UNIT, TO A CONDOMINIUM UNIT UNLESS IT WAS SUBJECT TO THE PROVISIONS OF PARA- GRAPH (B) OF THIS SUBDIVISION ON JANUARY FIRST, TWO THOUSAND ELEVEN. S 3. This act shall take effect immediately and shall apply to assess- ment rolls prepared on the basis of taxable status dates occurring on or after January 1, 2011. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00105-01-9
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