Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 24, 2020 |
referred to real property taxation |
Assembly Bill A10872
2019-2020 Legislative Session
Sponsored By
CYMBROWITZ
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-A10872 (ACTIVE) - Details
2019-A10872 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10872 I N A S S E M B L Y July 24, 2020 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Cymbrowitz) -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to extending certain dates relating to the assessment of real property damaged by the severe storm that occurred on the twenty-ninth and thirtieth of October two thousand twelve in a city having a population of one million or more 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, paragraph (b) of subdivi- sion 3 and subdivision 4 of section 1805-a of the real property tax law, as added by chapter 14 of the laws of 2015, are 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. (b) the department of finance increased the assessed value attribut- able to improvements on the property by means of a physical increase for an assessment roll completed from two thousand fourteen through two thousand [twenty] TWENTY-TWO. 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 thirteen. Any increase in assessed value from the preceding year in excess of the physical increase reflected in the current assessed value, such physical increase limited as provided in the preceding sentence, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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