Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 06, 2016 |
print number 7942a |
Jun 06, 2016 |
amend (t) and recommit to local government |
May 26, 2016 |
referred to local government |
Senate Bill S7942A
2015-2016 Legislative Session
Sponsored By
(D, WF) 35th 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
Bill Amendments
co-Sponsors
(D) Senate District
2015-S7942 - Details
- See Assembly Version of this Bill:
- A10416
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §485-s, RPT L
2015-S7942 - Sponsor Memo
BILL NUMBER: S7942 Revised 05/27/16 TITLE OF BILL : An act to amend the real property tax law, in relation to a residential reassessment exemption PURPOSE OR GENERAL IDEA OF BILL : The purpose of this legislation is to soften the effects of a reassessment by authorizing a two-year phase-in of assessment increases for certain residential properties. SUMMARY OF SPECIFIC PROVISIONS : Section 1. A new section § 485-s is added to the Real Property Tax Law. § 485-s. Residential Reassessment Exemption. 1. Applicability. The governing body of an assessing unit within a county with a population of not less than 930,000 and not more than 1,200,000 based upon the latest decennial census, may, after the a public hearing, to adopt a residential reassessment exemption. After such adoption by the assessing unit, the exemption would also apply in the same manner and to the same extent to each village, county, special district or school district that levies taxes on the assessment roll prepared by such assessing unit. 2. Eligibility. To qualify for the exemption a property must be a one, two, or three family residential property,
2015-S7942 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7942 I N S E N A T E May 26, 2016 ___________ Introduced by Sen. STEWART-COUSINS -- 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 a residential reassessment exemption THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 485-s to read as follows: S 485-S. RESIDENTIAL REASSESSMENT EXEMPTION. 1. APPLICABILITY. THE GOVERNING BODY OF AN ASSESSING UNIT LOCATED WITHIN A COUNTY WITH A POPU- LATION OF NOT LESS THAN NINE HUNDRED THIRTY THOUSAND AND NOT MORE THAN ONE MILLION TWO HUNDRED THOUSAND BASED UPON THE LATEST DECENNIAL CENSUS, MAY, AFTER A PUBLIC HEARING, ADOPT THE PROVISIONS OF THIS SECTION BY LOCAL LAW IN THE FIRST YEAR OF A REVALUATION TO PROVIDE A RESIDENTIAL REASSESSMENT EXEMPTION. IF THE GOVERNING BODY OF AN ASSESSING UNIT PASS- ES A LOCAL LAW PURSUANT TO THIS SUBDIVISION, SUCH EXEMPTION SHALL ALSO APPLY IN THE SAME MANNER AND TO THE SAME EXTENT TO EACH VILLAGE, COUNTY, SPECIAL DISTRICT OR SCHOOL DISTRICT THAT LEVIES TAXES ON THE ASSESSMENT ROLL PREPARED BY SUCH ASSESSING UNIT. AN INDEPENDENT ASSESSING VILLAGE, WITHIN AN ASSESSING UNIT THAT HAS CONDUCTED A REVALUATION AND THAT CHOOSES TO ADOPT THAT ASSESSING UNIT'S LATEST FIXED FINAL ASSESSMENT ROLL IS PERMITTED TO ADOPT THE PROVISIONS OF THIS SECTION WITHIN TWO YEARS OF ITS IMPLEMENTATION. 2. ELIGIBILITY. (A) THE ASSESSORS IN EACH ASSESSING UNIT THAT HAVE ADOPTED THE PROVISIONS OF THIS SECTION SHALL, IN THE FIRST YEAR IN WHICH REVALUATION ASSESSMENTS ARE TO BE ENTERED ON THE ASSESSMENT ROLL AND FOR THE NEXT SUCCEEDING YEAR, APPLY TO EACH ELIGIBLE RESIDENTIAL PROPERTY AN EXEMPTION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION. FOR THE PURPOSE OF THIS SECTION, TO BE AN "ELIGIBLE RESIDENTIAL PROPERTY" THE FOLLOWING CRITERIA MUST BE MET: (I) THE PROPERTY MUST BE A ONE-, TWO-, OR THREE-FAMILY RESIDENTIAL PROPERTY, PROVIDED THAT IN AN APPROVED ASSESSING UNIT DWELLING UNITS HELD IN CONDOMINIUM FORM OF OWNERSHIP THAT ARE CLASSIFIED IN THE HOME- STEAD TAX CLASS SHALL ALSO BE ELIGIBLE; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D) Senate District
2015-S7942A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10416
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §485-s, RPT L
2015-S7942A (ACTIVE) - Sponsor Memo
BILL NUMBER: S7942A TITLE OF BILL : An act to amend the real property tax law, in relation to a residential revaluation exemption PURPOSE OR GENERAL IDEA OF BILL : The purpose of this legislation is to soften the effects of a reassessment by authorizing a two-year phase-in of assessment increases for certain residential properties. SUMMARY OF SPECIFIC PROVISIONS : Section 1. A new section § 485-s is added to the Real Property Tax Law. § 485-s. Residential Revaluation Exemption. 1. Applicability. The governing body of an assessing unit within a county with a population of not less than 930,000 and not more than 1,200,000 based upon the latest decennial census, may, after the a public hearing, to adopt a residential revaluation exemption. After such adoption by the assessing unit, the exemption would also apply in the same manner and to the same extent to each village, county, special district or school district that levies taxes on the assessment roll prepared by such assessing unit. 2. Eligibility. To qualify for the exemption a property must be a one, two, or three family residential property, provided that in an approved assessing unit dwelling units held in condominium form of ownership that are classified in the homestead tax
2015-S7942A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7942--A I N S E N A T E May 26, 2016 ___________ Introduced by Sens. STEWART-COUSINS, CARLUCCI -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to a residential revaluation exemption THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 485-s to read as follows: S 485-S. RESIDENTIAL REVALUATION EXEMPTION. 1. APPLICABILITY. THE GOVERNING BODY OF AN ASSESSING UNIT LOCATED WITHIN A COUNTY WITH A POPU- LATION OF NOT LESS THAN NINE HUNDRED THIRTY THOUSAND AND NOT MORE THAN ONE MILLION TWO HUNDRED THOUSAND BASED UPON THE LATEST DECENNIAL CENSUS, MAY, AFTER A PUBLIC HEARING, ADOPT THE PROVISIONS OF THIS SECTION BY LOCAL LAW IN THE FIRST YEAR OF A FULL VALUE REVALUATION TO PROVIDE A RESIDENTIAL REVALUATION EXEMPTION. IF THE GOVERNING BODY OF AN ASSESSING UNIT PASSES A LOCAL LAW PURSUANT TO THIS SUBDIVISION, SUCH EXEMPTION SHALL ALSO APPLY IN THE SAME MANNER AND TO THE SAME EXTENT TO EACH VILLAGE, COUNTY, SPECIAL DISTRICT OR SCHOOL DISTRICT THAT LEVIES TAXES ON THE ASSESSMENT ROLL PREPARED BY SUCH ASSESSING UNIT. A VILLAGE ASSESSING UNIT, WITHIN AN ASSESSING UNIT THAT HAS CONDUCTED A REVALU- ATION AND THAT CHOOSES TO ADOPT THAT ASSESSING UNIT'S LATEST FINAL ASSESSMENT ROLL IS PERMITTED TO ADOPT THE PROVISIONS OF THIS SECTION WITHIN TWO YEARS OF ITS IMPLEMENTATION. 2. ELIGIBILITY. (A) THE ASSESSORS IN EACH ASSESSING UNIT THAT HAVE ADOPTED THE PROVISIONS OF THIS SECTION SHALL, IN THE FIRST YEAR IN WHICH REVALUATION ASSESSMENTS ARE TO BE ENTERED ON THE ASSESSMENT ROLL AND FOR THE NEXT SUCCEEDING YEAR, APPLY TO EACH ELIGIBLE RESIDENTIAL PROPERTY AN EXEMPTION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION. FOR THE PURPOSE OF THIS SECTION, TO BE AN "ELIGIBLE RESIDENTIAL PROPERTY" THE FOLLOWING CRITERIA MUST BE MET: (I) THE PROPERTY MUST BE A ONE-, TWO-, OR THREE-FAMILY RESIDENTIAL PROPERTY, PROVIDED THAT IN AN APPROVED ASSESSING UNIT DWELLING UNITS EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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