Assembly Bill A5402

2019-2020 Legislative Session

Exempts certain dwellings and improvements from local taxation

download bill text pdf

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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

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2019-A5402 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §421-b, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: A6573
2011-2012: A6008
2013-2014: A6462
2015-2016: A3670
2017-2018: A4679

2019-A5402 (ACTIVE) - Summary

Provides, upon authorization from the local legislative body, for the exemption of certain private dwellings and improvements within cities having a population of less than 1,000,000 from local taxation by providing for a graduated phase-in of real property taxes for newly constructed or substantially rehabilitated one and two family homes.

2019-A5402 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5402
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 11, 2019
                                ___________
 
 Introduced by M. of A. DiPIETRO -- read once and referred to the Commit-
   tee on Real Property Taxation
 
 AN  ACT to amend the real property tax law, in relation to the exemption
   of certain private dwellings and improvements within cities  having  a
   population of less than one million from local taxation

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 421-b of the real property tax law  is  amended  by
 adding a new subdivision 4 to read as follows:
   4. NOTWITHSTANDING THE FOREGOING PROVISIONS OF THIS SECTION, THE LOCAL
 LEGISLATIVE  BODY  OF  ANY  CITY, TOWN OR VILLAGE HAVING A POPULATION OF
 LESS THAN ONE MILLION IS AUTHORIZED AND EMPOWERED TO ADOPT A  RESOLUTION
 MAKING  THE  PROVISIONS OF THIS SECTION APPLICABLE TO SUCH CITY, TOWN OR
 VILLAGE.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07602-01-9

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