Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to local government |
May 27, 2015 |
referred to local government |
Senate Bill S5679
2015-2016 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
2015-S5679 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7720
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd ยง1903, RPT L
2015-S5679 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5679 TITLE OF BILL: An act to amend the real property tax law, in relation to the computation of homestead and non-homestead base proportions in the county of Nassau PURPOSE: This bill would address the issue of not-for-profit ownership of commercial properties affecting the base proportion calculations under the Homestead Act. SUMMARY OF PROVISIONS: Section 1 amends subdivision 3 of by adding a new paragraph (i) to read as follows: In the County of Nassau, for the purpose of computing any class's total value or assessment, any property which is tax exempt because of that property's ownership or leasehold will be included in the calculation of the Homestead and non-Homestead base proportions as if it were taxable, for the sole purpose of calculating such base proportions. The inclusion of such properties for this purpose shall not be construed as affected the taxable status of such properties.
2015-S5679 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5679 2015-2016 Regular Sessions I N S E N A T E May 27, 2015 ___________ 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 computa- tion of homestead and non-homestead base proportions in the county of Nassau THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 3 of section 1903 of the real property tax law is amended by adding a new paragraph (i) to read as follows: (I) IN THE COUNTY OF NASSAU, FOR THE PURPOSE OF COMPUTING ANY CLASS'S TOTAL VALUE OR ASSESSMENT, ANY PROPERTY WHICH IS TAX EXEMPT BECAUSE OF THAT PROPERTY'S OWNERSHIP OR LEASEHOLD WILL BE INCLUDED IN THE CALCU- LATION OF THE HOMESTEAD AND NON-HOMESTEAD BASE PROPORTIONS AS IF IT WERE TAXABLE, FOR THE SOLE PURPOSE OF CALCULATING SUCH BASE PROPORTIONS. THE INCLUSION OF SUCH PROPERTIES FOR THIS PURPOSE SHALL NOT BE CONSTRUED AS AFFECTING THE TAXABLE STATUS OF SUCH PROPERTIES. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11247-01-5
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