Assembly Bill A1814

2023-2024 Legislative Session

Imposes an additional tax surcharge on certain non-primary residence class one and class two properties in N.Y. city

download bill text pdf

Sponsored By

Current 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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2023-A1814 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Add §307-b, RPT L
Versions Introduced in Other Legislative Sessions:
2013-2014: A10192
2015-2016: A1641
2017-2018: A3837
2019-2020: A4540
2021-2022: A5736

2023-A1814 (ACTIVE) - Summary

Imposes an additional tax surcharge on certain non-primary residence class one and class two properties in a city with a population of one million or more.

2023-A1814 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1814
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2023
                                ___________
 
 Introduced  by  M.  of  A. GLICK, L. ROSENTHAL, REYES, RIVERA, DINOWITZ,
   JEAN-PIERRE, EPSTEIN, WEPRIN, CRUZ, TAYLOR,  STECK,  FAHY,  BENEDETTO,
   JACOBSON,  SIMON,  BUTTENSCHON, SAYEGH, HUNTER, JOYNER, CARROLL, WOER-
   NER, GUNTHER, RAMOS, JONES, STERN, LUPARDO -- read once  and  referred
   to the Committee on Real Property Taxation

 AN  ACT  to  amend the real property tax law, in relation to imposing an
   additional tax on certain non-primary residence class  one  and  class
   two properties in a city with 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. The real property tax  law  is  amended  by  adding  a  new
 section 307-b to read as follows:
   § 307-B. ADDITIONAL TAX ON CERTAIN NON-PRIMARY RESIDENCE PROPERTIES IN
 A  CITY WITH A POPULATION OF ONE MILLION OR MORE. 1. GENERALLY. NOTWITH-
 STANDING ANY PROVISION OF ANY GENERAL, SPECIFIC  OR  LOCAL  LAW  TO  THE
 CONTRARY,  ANY  CITY  WITH A POPULATION OF ONE MILLION OR MORE IS HEREBY
 AUTHORIZED AND EMPOWERED TO ADOPT AND AMEND  LOCAL  LAWS  IN  ACCORDANCE
 WITH  THIS  SECTION  IMPOSING  AN  ADDITIONAL TAX ON CERTAIN RESIDENTIAL
 PROPERTIES AND DWELLING UNITS.
   2. DEFINITIONS. AS USED IN THIS SECTION:  (A) "ASSESSED  VALUE"  MEANS
 THE DETERMINATION MADE BY THE ASSESSORS OF A CITY HAVING A POPULATION OF
 ONE MILLION OR MORE OF THE VALUATION OF REAL PROPERTY.
   (B)  "ASSESSED  VALUE  ATTRIBUTABLE TO A TENANT-STOCKHOLDER" MEANS THE
 PROPORTION OF THE ASSESSED VALUE OF REAL PROPERTY OWNED BY A COOPERATIVE
 APARTMENT CORPORATION, REPRESENTED BY A  TENANT-STOCKHOLDER'S  SHARE  OR
 SHARES  OF  STOCK  IN  SUCH  CORPORATION  AS  DETERMINED BY ITS OR THEIR
 PROPORTIONAL RELATIONSHIP TO THE TOTAL OUTSTANDING STOCK OF  THE  CORPO-
 RATION, INCLUDING THAT OWNED BY THE CORPORATION.
   (C)  "COMMISSIONER  OF FINANCE" MEANS THE COMMISSIONER OF FINANCE OF A
 CITY HAVING A POPULATION OF ONE MILLION OR MORE, OR HIS OR HER DESIGNEE.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02952-01-3
 A. 1814                             2
              

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