Senate Bill S6261

2023-2024 Legislative Session

Relates to the formula for the real property tax cap

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Local Government 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2023-S6261 (ACTIVE) - Details

See Assembly Version of this Bill:
A6401
Current Committee:
Senate Local Government
Law Section:
General Municipal Law
Laws Affected:
Amd §3-c, Gen Muni L; amd §2023-a, Ed L
Versions Introduced in 2025-2026 Legislative Session:
S1635

2023-S6261 (ACTIVE) - Summary

Relates to the formula for the real property tax cap.

2023-S6261 (ACTIVE) - Sponsor Memo

2023-S6261 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6261
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                              April 10, 2023
                                ___________
 
 Introduced  by Sen. BORRELLO -- read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 AN ACT to amend the general municipal law  and  the  education  law,  in
   relation to the formula for the real property tax cap
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (c) of subdivision 3 of section 3-c of the gener-
 al municipal law, as added by section 1 of part A of chapter 97  of  the
 laws of 2011, is amended to read as follows:
   (c)  Each local government shall calculate the tax levy limit applica-
 ble to the coming fiscal year which shall be determined as follows:
   (i) Ascertain the HIGHEST total amount of taxes levied  for  A  FISCAL
 YEAR FOR the prior FIVE fiscal [year] YEARS.
   (ii)  Multiply  the  result  by the tax base growth factor, calculated
 pursuant to paragraph (b) of this subdivision, if any.
   (iii) Add any payments in lieu of taxes that were  receivable  in  the
 prior fiscal year.
   (iv)  Subtract the tax levy necessary to support expenditures pursuant
 to subparagraph (i) of paragraph (g) of subdivision two of this  section
 for the prior fiscal year, if any.
   (v) Multiply the result by the allowable levy growth factor.
   (vi)  Subtract  any payments in lieu of taxes receivable in the coming
 fiscal year.
   (vii) Add the available carryover, if any.
   § 2. Paragraph a of subdivision 3 of section 2023-a of  the  education
 law,  as added by section 2 of part A of chapter 97 of the laws of 2011,
 is amended to read as follows:
   a. Each school district shall calculate the tax levy  limit  for  each
 school year which shall be determined as follows:
   (1)  Ascertain  the  HIGHEST total amount of taxes levied for A SCHOOL
 YEAR FOR the prior FIVE school [year] YEARS.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10085-01-3

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.