Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2020 |
referred to real property taxation |
Jan 09, 2019 |
referred to real property taxation |
Assembly Bill A384
2019-2020 Legislative Session
Sponsored By
STIRPE
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
co-Sponsors
Felix Ortiz
Alicia Hyndman
Inez E. Dickens
Karl Brabenec
multi-Sponsors
Joe DeStefano
Fred Thiele
2019-A384 (ACTIVE) - Details
2019-A384 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 384 2019-2020 Regular Sessions I N A S S E M B L Y (PREFILED) January 9, 2019 ___________ Introduced by M. of A. STIRPE -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to allowing certain villages to enact a tax exemption for newly constructed single-family and multi-family residential properties; and providing for the repeal of such provisions upon expiration thereof 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-u to read as follows: § 485-U. NEWLY CONSTRUCTED SINGLE-FAMILY AND MULTI-FAMILY RESIDENTIAL EXEMPTION; CERTAIN VILLAGES. 1. SINGLE-FAMILY AND MULTI-FAMILY RESIDEN- TIAL PROPERTIES CONSTRUCTED SUBSEQUENT TO THE EFFECTIVE DATE OF A LOCAL LAW ADOPTED PURSUANT TO THIS SECTION SHALL BE EXEMPT FROM VILLAGE TAXES TO THE EXTENT PROVIDED IN THIS SECTION. AFTER A PUBLIC HEARING, THE GOVERNING BOARD OF A VILLAGE WITH A POPULATION GREATER THAN THREE THOU- SAND FOUR HUNDRED FORTY AND LESS THAN THREE THOUSAND FOUR HUNDRED FIFTY, BASED UPON THE TWO THOUSAND TEN FEDERAL CENSUS MAY, BY LOCAL LAW, PROVIDE FOR THE EXEMPTION OF REAL PROPERTY FROM TAXATION AS PROVIDED IN THIS SECTION. A COPY OF SUCH LOCAL LAW SHALL BE FILED WITH THE COMMIS- SIONER AND THE ASSESSOR OF SUCH MUNICIPALITY WHO PREPARES THE ASSESSMENT ROLL ON WHICH THE TAXES OF SUCH MUNICIPALITY ARE LEVIED. 2. (A)(I) ELIGIBLE NEWLY CONSTRUCTED SINGLE-FAMILY AND MULTI-FAMILY RESIDENTIAL PROPERTY SHALL BE EXEMPT ACCORDING TO THE FOLLOWING SCHED- ULE: CONSTRUCTION OF SINGLE-FAMILY AND MULTI-FAMILY RESIDENTIAL PROPERTY YEAR OF EXEMPTION EXEMPTION 1 25% 2 20% EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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