Assembly Bill A9677

2015-2016 Legislative Session

Authorizes N.Y. city to provide a rebate of a portion of the real property taxes on owner occupied residential real property

download bill text pdf

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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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2015-A9677 (ACTIVE) - Details

See Senate Version of this Bill:
S7048
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง467-e, RPT L
Versions Introduced in Other Legislative Sessions:
2017-2018: S4136
2019-2020: S802
2021-2022: S4314
2023-2024: S5997

2015-A9677 (ACTIVE) - Summary

Authorizes cities having a population of one million or more to provide a rebate during the 2017-2018 city fiscal year of a portion of the real property taxes on owner occupied 1, 2, 3, 4, 5 or 6 family residential real property, or residential real property held in the condominium or cooperative form of ownership.

2015-A9677 (ACTIVE) - Bill Text download pdf

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

                                  9677

                          I N  A S S E M B L Y

                             March 29, 2016
                               ___________

Introduced  by  M.  of  A.  BENEDETTO  --  read once and referred to the
  Committee on Real Property Taxation

AN ACT to amend the real property tax law, in relation to  a  rebate  of
  real  property  taxes  on  certain residential real property in a city
  having a population of one million or more

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

  Section  1.  The section heading of section 467-e of the real property
tax law, as added by section 1 of part V of chapter 60 of  the  laws  of
2004, is amended to read as follows:
  Rebate  for  owners  or  tenant-stockholders  of one, two [or], three,
FOUR, FIVE OR SIX family residences or residential property held in  the
condominium  or  cooperative  form of ownership in a city having a popu-
lation of one million or more.
  S 2. Subdivision 1 of section 467-e of the real property tax  law,  as
amended  by  chapter  483  of  the  laws  of 2007, is amended to read as
follows:
  1. Generally. Notwithstanding any provision of any general, special or
local law to the contrary, any city having a population of  one  million
or more is hereby authorized and empowered to adopt and amend local laws
in accordance with this section to grant a rebate of real property taxes
for THE fiscal [years] YEAR beginning on the first of July, two thousand
[three]  SEVENTEEN  and  ending  on  the thirtieth of June, two thousand
[nine] EIGHTEEN in the amount of the lesser of four hundred  dollars  or
the annual tax liability imposed on the property. [No such local law may
be  adopted  unless, as originally adopted, it authorizes such rebate to
be granted in accordance with this section for three consecutive  fiscal
years beginning with the fiscal year beginning on the first of July, two
thousand  three.]  No  such rebate shall be granted by local law for any
fiscal year beginning on or after the first of July, two thousand [nine]
EIGHTEEN, unless the council of such city,  in  fixing  the  annual  tax
rates  for any such fiscal year, shall have uniformly reduced such rates
for all classes of property in order to produce real property tax relief
among such classes of property in an amount not less than, in the aggre-

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

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