S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8606
 
                           I N  A S S E M B L Y
 
                             January 12, 2024
                                ___________
 
 Introduced by M. of A. RAJKUMAR -- read once and referred to the Commit-
   tee on Real Property Taxation
 
 AN  ACT  to  amend  the real property tax law, in relation to imposing a
   surcharge on certain 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  REAL  PROPERTY IN A CITY WITH A
 POPULATION OF ONE MILLION OR MORE. 1. NOTWITHSTANDING 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 REAL PROPERTY. SUCH  SURCHARGE  SHALL  BE  THE
 IMPOSITION  OF A TAX RATE WHICH IS TWENTY PERCENT HIGHER THAN THE OTHER-
 WISE APPLICABLE TAX RATE.
   2. (A) A LOCAL LAW ENACTED PURSUANT TO THIS SECTION MAY PROVIDE FOR  A
 SURCHARGE  ON  THE  REAL  PROPERTY  TAX ON ANY COMMERCIAL OR RESIDENTIAL
 PROPERTY OF ANY CLASS IN WHICH MAJORITY OWNERSHIP IS HELD BY A  RESIDENT
 OR  RESIDENTS  OF, OR A BUSINESS, PARTNERSHIP, FIRM OR CORPORATION WHICH
 IS INCORPORATED OR HAS ITS MAIN OFFICES  IN,  A  STATE  WHICH  HAS  BEEN
 DETERMINED BY THE DEPARTMENT OF FINANCE TO HAVE FINANCED THE TRANSPORTA-
 TION  OF  PERSONS INTO THE CITY FOR THE PURPOSE OF MAKING SUCH PERSONS A
 PUBLIC CHARGE, WITHIN THE PAST THREE YEARS.
   (B) EXCEPT AS OTHERWISE PROVIDED IN THIS  SECTION,  SUCH  TAX  MAY  BE
 IMPOSED,  ADMINISTERED,  COLLECTED  AND  ENFORCED BY THE COMMISSIONER OF
 FINANCE OF SUCH CITY BY SUCH MEANS AND IN SUCH  MANNER  AS  OTHER  TAXES
 THAT  ARE  NOW  IMPOSED,  ADMINISTERED,  COLLECTED  AND ENFORCED BY SUCH
 COMMISSIONER IN ACCORDANCE WITH THE CHARTER OR  ADMINISTRATIVE  CODE  OF
 ANY SUCH CITY OR AS OTHERWISE MAY BE PROVIDED BY ANY SUCH LOCAL LAW.
   3. ANY PROPERTY OR OWNER THEREOF WHICH IS SUBJECT TO A SURCHARGE UNDER
 THIS SECTION SHALL BE INELIGIBLE FOR ANY TAX ABATEMENT, REDUCTION CREDIT
 OR  PAYMENT IN LIEU OF TAXES, EXCEPT FOR: A REFUND OF ANY OVERPAYMENT OF
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD14016-01-4
 A. 8606                             2
 
 TAXES; A REFUND DUE TO A REDETERMINATION OF A PROPERTY'S ASSESSED VALUE;
 CREDITS FOR THE CONSTRUCTION LOW-INCOME OR  PERMANENTLY  RENT  REGULATED
 PROPERTY;  OR  FOR  COSTS  OF CAPITAL IMPROVEMENTS RELATING TO ENERGY OR
 WATER EFFICIENCY.
   4.  THE  DEPARTMENT  OF  FINANCE  OF ANY CITY WITH A POPULATION OF ONE
 MILLION OR MORE, IN COORDINATION WITH THE STATE DEPARTMENT  OF  TAXATION
 AND FINANCE, SHALL ANNUALLY DETERMINE WHICH STATES, IF ANY, FINANCED THE
 TRANSPORTATION  OF  PERSONS INTO THE CITY FOR THE PURPOSE OF MAKING SUCH
 PERSONS A PUBLIC CHARGE. THE  DEPARTMENT  OF  FINANCE  SHALL  PROMULGATE
 RULES TO CARRY OUT THE PROVISIONS OF THIS SECTION.
   § 2. This act shall take effect immediately.