Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 06, 2016 |
referred to local government |
Jan 26, 2015 |
referred to local government |
Senate Bill S2607
2015-2016 Legislative Session
Sponsored By
(D) 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-S2607 (ACTIVE) - Details
2015-S2607 (ACTIVE) - Sponsor Memo
BILL NUMBER:S2607 TITLE OF BILL: An act to amend the general municipal law, in relation to exempting the costs associated with real property revaluation or reassessment for the tax levy limit PURPOSE OR GENERAL IDEA OF BILL: This bill exempts from the tax levy limit imposed on local governments all costs associated with real property revaluations or reassessments. SUMMARY OF SPECIFIC PROVISIONS: This bill amends Section 3-c(2)(g)(iv) of the general municipal law, as added by section 1 of part A of chapter 97 of the laws of 2011, by adding a new subparagraph (v) which provides that the tax levy limit shall not include the costs associated with real property revaluations or reassessments. JUSTIFICATION: This bill is designed to encourage and assist local governments to update their real property assessments.
2015-S2607 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2607 2015-2016 Regular Sessions I N S E N A T E January 26, 2015 ___________ Introduced by Sen. LATIMER -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the general municipal law, in relation to exempting the costs associated with real property revaluation or reassessment for the tax levy limit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (iv) of paragraph (g) of subdivision 2 of section 3-c of the general municipal law, as added by section 1 of part A of chapter 97 of the laws of 2011, is amended and a new subparagraph (v) is added to read as follows: (iv) in years in which the normal contribution rate of the New York state teachers' retirement system, as defined by paragraph a of subdivi- sion two of section five hundred seventeen of the education law, increases by more than two percentage points from the previous year, a tax levy necessary for expenditures for the coming fiscal year for local government employer contributions to the New York state teachers' retirement system caused by growth in the normal contribution rate minus two percentage points[.]; (V) ALL COSTS ASSOCIATED WITH REAL PROPERTY REVALUATIONS OR REASSESS- MENTS. S 2. Paragraph (a) of subdivision 3 of section 3-c of the general municipal law, as added by section 1 of part A of chapter 97 of the laws of 2011, is amended to read as follows: (a) Subject to the provisions of subdivision five of this section, beginning with the fiscal year that begins in two thousand twelve, no local government shall adopt a budget that requires a tax levy that is greater than the tax levy limit for the coming fiscal year. Provided however the tax levy limit shall not prohibit a levy necessary to support the expenditures pursuant to subparagraphs (i) through [(iv)] (V) of paragraph (g) of subdivision two of this section. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04355-01-5
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