Assembly Bill A915

2013-2014 Legislative Session

Provides that assessed values of cooperative units and condominiums shall not increase by more than 3% in the two years following resolution of tax certiorari proceedings

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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

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2013-A915 (ACTIVE) - Details

See Senate Version of this Bill:
S1866
Current Committee:
Assembly Housing
Law Section:
New York City Administrative Code
Laws Affected:
Add ยง11-240, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2011-2012: A9466, S6572
2015-2016: A1074, S3181
2017-2018: A338, S5229
2019-2020: A250, S2946
2021-2022: A686, S4147
2023-2024: S1893

2013-A915 (ACTIVE) - Summary

Provides that assessed values of cooperative units and condominiums shall not increase by more than 3% in the two years following resolution of tax certiorari proceedings.

2013-A915 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   915

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  M. of A. BRAUNSTEIN, CASTRO, WEPRIN, DINOWITZ, GOLDFEDER
  -- Multi-Sponsored by -- M. of A. MARKEY, SIMOTAS  --  read  once  and
  referred to the Committee on Housing

AN  ACT  to  amend  the  administrative code of the city of New York, in
  relation to rates of increase of assessed values of cooperative  units
  and condominiums

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The administrative code of the city of New York is  amended
by adding a new section 11-240 to read as follows:
  S 11-240 ASSESSMENTS FOLLOWING TAX CERTIORARI SETTLEMENT. THE ASSESSED
VALUE  OF  REAL PROPERTY OWNED OR LEASED BY A COOPERATIVE CORPORATION OR
ON A CONDOMINIUM BASIS SHALL INCREASE BY NO MORE THAN THREE  PERCENT  IN
THE  TWO YEARS FOLLOWING THE RESOLUTION OF TAX CERTIORARI PROCEEDINGS ON
SUCH PROPERTY.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04258-01-3

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