|
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| May 02, 2012 |
referred to local government |
Senate Bill S7233
2011-2012 Legislative Session
Sponsored By
(R, C) 7th 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
2011-S7233 (ACTIVE) - Details
2011-S7233 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7233
TITLE OF BILL:
An act
to amend the real property tax law, in relation to the
residential-commercial exemption program
PURPOSE:
Expands the residential-commercial exemption program statewide.
SUMMARY OF PROVISIONS:
Section 1. The real property tax law is amended to remove the
restriction that limits the residential-commercial exemption
program's applicability to Livingston County.
JUSTIFICATION:
New York's older communities are faced with thousands of properties in
need of significant remediation and rehabilitation. The cost of such
remediation and rehabilitation frequently exceeds the value of the
property creating a situation where private sector financing will not
loan money to undertake the remediation or rehabilitation. As a
result, these properties will not be rehabilitated or redeveloped
without addressing this gap in the private sector financing. This
legislation will facilitate the redevelopment of New York's
communities by allowing counties, towns, villages and school
districts, to grant real property tax abatement in defined
2011-S7233 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
7233
I N S E N A T E
May 2, 2012
___________
Introduced by Sen. MARTINS -- 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, in relation to the residen-
tial-commercial exemption program
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph (g) of subdivision 1 of section 485-n of the real
property tax law, as added by chapter 545 of the laws of 2011, is
amended to read as follows:
(g) "Municipality" means any town, city, village or other taxing enti-
ty [located in a county having a population of not less than sixty-five
thousand three hundred ninety and not more than sixty-five thousand four
hundred as determined by the federal decennial census for the year two
thousand ten].
S 2. This act shall take effect immediately, provided that the amend-
ments to subdivision 1 of section 485-n of the real property tax law
made by section one of this act shall not affect the repeal of such
section and shall be deemed repealed therewith.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15656-01-2
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.