Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 08, 2020 |
referred to real property taxation |
Assembly Bill A10739
2019-2020 Legislative Session
Sponsored By
JEAN-PIERRE
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
Actions
2019-A10739 (ACTIVE) - Details
2019-A10739 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10739 I N A S S E M B L Y July 8, 2020 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Jean-Pierre) -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to the assessment of certain real property damaged by the severe storm that occurred on October twenty-ninth and thirtieth, two thousand twelve in a special assessing unit that is not a city THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (b) of subdivision 2 of section 1805-b of the real property tax law, as added by chapter 411 of the laws of 2015, is amended to read as follows: (b) "Aggregate physical increase" means the sum of physical increases for assessment rolls completed from two thousand fourteen through two thousand [twenty] TWENTY-TWO. § 2. Paragraph (b) of subdivision 3 of section 1805-b of the real property tax law, as added by chapter 411 of the laws of 2015, is amended to read as follows: (b) the assessor increased the assessed value attributable to improve- ments on the property by means of a physical increase for an assessment roll completed from two thousand fourteen through two thousand [twenty] TWENTY-TWO. § 3. Subdivision 4 of section 1805-b of the real property tax law, as added by chapter 411 of the laws of 2015, is amended to read as follows: 4. Limitation on increases of assessed value. Notwithstanding subdivi- sion five of section eighteen hundred five of this article and any other provision to the contrary, increases in the assessed value of affected real property shall be limited in the manner specified in this subdivi- sion. (a) Except as provided in paragraph (c) of this subdivision, for affected real property for which the assessed values on the assessment rolls completed in two thousand fourteen and two thousand fifteen do not reflect a physical increase, the amount of the aggregate physical increase shall not exceed the amount of the physical decrease reflected in the assessed value on the assessment roll completed in two thousand EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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