Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 20, 2014 |
print number 5913a |
Mar 20, 2014 |
amend and recommit to cities |
Jan 08, 2014 |
referred to cities |
Jul 01, 2013 |
referred to rules |
Senate Bill S5913A
2013-2014 Legislative Session
Sponsored By
(D) 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
Bill Amendments
2013-S5913 - Details
- See Assembly Version of this Bill:
- A9144
- Current Committee:
- Senate Cities
- Law Section:
- New York City Administrative Code
- Laws Affected:
- Add §11-239-a, NYC Ad Cd
- Versions Introduced in Other Legislative Sessions:
-
2015-2016:
S1048, A321
2017-2018: S1288, A1324
2019-2020: S2819, A3788
2021-2022: S3432, A401
2023-2024: S1088, A1379
2013-S5913 - Sponsor Memo
BILL NUMBER:S5913 TITLE OF BILL: An act to amend the administrative code of the city of New York, in relation to prohibiting the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends the administrative code of the city of New York by amending subsection 1 of section 1885 of the Real Property Tax Law prohibiting an increase in real property taxes following a decrease in assessed value in the prior year. Section 2 sets forth an immediate effective date. JUSTIFICATION: Property owners in the city of New York have been subject to huge property tax increases over the past decade as a result of the housing boom. However, as the housing market dropped substantially, due to the severe recession which began in 2008, property values have yet to recover from such devastating declines. Despite this unfortunate fact, the city of New York continues to increase property taxes at will with no regard to those property values which have declined and not recovered.
2013-S5913 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5913 2013-2014 Regular Sessions I N S E N A T E July 1, 2013 ___________ Introduced by Sen. AVELLA -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the administrative code of the city of New York, in relation to prohibiting the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year 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 DECREASED VALUATION. THE ASSESSED VALUE OF REAL PROPERTY SHALL NOT BE INCREASED FOR THE PERIOD OF A YEAR AFTER SUCH PROPERTY'S ASSESSED VALUE HAS DECREASED. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11616-01-3
2013-S5913A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9144
- Current Committee:
- Senate Cities
- Law Section:
- New York City Administrative Code
- Laws Affected:
- Add §11-239-a, NYC Ad Cd
- Versions Introduced in Other Legislative Sessions:
-
2015-2016:
S1048, A321
2017-2018: S1288, A1324
2019-2020: S2819, A3788
2021-2022: S3432, A401
2023-2024: S1088, A1379
2013-S5913A (ACTIVE) - Sponsor Memo
BILL NUMBER:S5913A TITLE OF BILL: An act to amend the administrative code of the city of New York, in relation to prohibiting the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year SUMMARY OF PROVISIONS: Section 1 amends the administrative code of the city of New York by adding a new section 11-239-a that states that the assessed value of real property shall not be increased for the period of a year after such property's assessed value has decreased. Section 2 sets forth an immediate effective date. JUSTIFICATION: Property owners in the city of New York have been subject to huge property tax increases over the past decade as a result of the housing boom. However, as the housing market dropped substantially, due to the severe recession which began in 2008, property values have yet to recover from such devastating declines. Despite this unfortunate fact, the city of New York continues to increase property taxes at will with no regard to those property values which have declined and not recovered.
2013-S5913A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5913--A 2013-2014 Regular Sessions I N S E N A T E July 1, 2013 ___________ Introduced by Sen. AVELLA -- read twice and ordered printed, and when printed to be committed to the Committee on Rules -- recommitted to the Committee on Cities in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the administrative code of the city of New York, in relation to prohibiting the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year 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 11-239-a to read as follows: S 11-239-A ASSESSMENTS FOLLOWING DECREASED VALUATION. THE ASSESSED VALUE OF REAL PROPERTY SHALL NOT BE INCREASED FOR THE PERIOD OF A YEAR AFTER SUCH PROPERTY'S ASSESSED VALUE HAS DECREASED. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11616-03-4
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.