Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to cities |
Jan 07, 2009 |
referred to cities |
Senate Bill S514
2009-2010 Legislative Session
Sponsored By
(R, C, IP, RFM) 24th Senate District
Archive: Last Bill Status - In Senate Committee Cities 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-S514 (ACTIVE) - Details
2009-S514 (ACTIVE) - Sponsor Memo
BILL NUMBER: S514 TITLE OF BILL : An act authorizing the city of New York to reduce property taxes on all classes of property within such city by eighteen and one-half percent PURPOSE : Requires New York City to cut all classes of property taxes by eighteen percent. SUMMARY OF PROVISIONS : Section one would require the council of the City of New York to reduce property taxes on all classes of property by eighteen and one-half percent. Section two is an immediate effective date. JUSTIFICATION : In 2002 New York City increased property taxes on property owners. This especially placed a burden on working families trying to provide for their families. In addition to this tax increase, reassessment of
2009-S514 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 514 2009-2010 Regular Sessions I N S E N A T E (PREFILED) January 7, 2009 ___________ Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Cities AN ACT authorizing the city of New York to reduce property taxes on all classes of property within such city by eighteen and one-half percent THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Notwithstanding any other law, rule or regulation to the contrary, the city council of the city of New York is hereby authorized to reduce property taxes on all classes of property within the city of New York by eighteen and one-half percent below that of the property tax on the property for the prior tax year. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02994-01-9
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