Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 17, 2016 |
committed to rules |
May 18, 2016 |
advanced to third reading |
May 17, 2016 |
2nd report cal. |
May 16, 2016 |
1st report cal.836 |
May 05, 2016 |
referred to local government |
Senate Bill S7489
2015-2016 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Rules 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
Votes
2015-S7489 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10075
- Current Committee:
- Senate Rules
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd ยง1903, RPT L
- Versions Introduced in 2017-2018 Legislative Session:
-
A5297
2015-S7489 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7489 TITLE OF BILL : An act to amend the real property tax law, in relation to adjusted base proportions for assessment rolls PURPOSE : To enact legislation which limits the amount of a property tax shift from one class of property to another for 2015-2016, due to large fluctuations in property values between property classes for the Town of Islip, which is the only approved assessing unit in the county of Suffolk. SUMMARY OF PROVISIONS : This bill amends subparagraph (iv) of paragraph (a) of subdivision 3 of section 103 of the real property tax law by extending for one year legislation which limits the amount of a property tax shift between classes of properties caused by large fluctuations in property values within classes. JUSTIFICATION : In Suffolk County, there is a large differential in property tax value increases between classes of property. This in turn causes a large property tax increase in one class of property. Presently, the amount
2015-S7489 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7489 I N S E N A T E May 5, 2016 ___________ Introduced by Sen. CROCI -- 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 adjusted base proportions for assessment rolls THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (iv) of paragraph (a) of subdivision 3 of section 1903 of the real property tax law, as amended by chapter 266 of the laws of 2015, is amended to read as follows: (iv) Notwithstanding any other provision of law, in an approved assessing unit in the county of Suffolk and for current base proportions to be determined by taxes based on such approved assessing unit's two thousand three - two thousand four, two thousand four - two thousand five and two thousand five - two thousand six assessment rolls, the current base proportion of any class shall not exceed the adjusted base proportion or adjusted proportion, whichever is appropriate, of the immediately preceding year by more than two percent, or in the case of the two thousand five--two thousand six, two thousand six--two thousand seven, two thousand seven--two thousand eight, two thousand eight--two thousand nine, two thousand twelve--two thousand thirteen, two thousand thirteen--two thousand fourteen, two thousand fourteen--two thousand fifteen, [and] two thousand fifteen--two thousand sixteen, AND TWO THOU- SAND SIXTEEN--TWO THOUSAND SEVENTEEN assessment rolls, one percent. Where the computation of current base proportions would otherwise produce such result, the current base proportion of such class or class- es shall be limited to such two percent or one percent increase whichev- er is applicable, and the legislative body of such approved assessing unit shall alter the current base proportion of either class so that the sum of the current base proportions equals one. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14963-01-6
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