Senate Bill S7995

2023-2024 Legislative Session

Requires the disclosure of income and expense statements upon a petition for an article 7 proceeding and imposes staggered dates for submissions of appraisal reports

download bill text pdf

Sponsored By

Current 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

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2023-S7995 (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§718 & 706, RPT L

2023-S7995 (ACTIVE) - Summary

Requires the disclosure of income and expense statements upon a petition for an article 7 proceeding; imposes staggered dates for submissions of appraisal reports.

2023-S7995 (ACTIVE) - Sponsor Memo

2023-S7995 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7995
 
                             I N  S E N A T E
 
                              January 4, 2024
                                ___________
 
 Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 AN  ACT to amend the real property tax law, in relation to requiring the
   disclosure of income and expense statements upon  a  petition  for  an
   article  7  proceeding  and imposes staggered dates for submissions of
   appraisal reports

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivisions  1 and 2 of section 718 of the real property
 tax law, subdivision 1 as amended by chapter 186 of the  laws  of  2002,
 and  subdivision  2  as  added by chapter 693 of the laws of 1995, para-
 graphs (a) and (b) of subdivision 2 as amended by  chapter  503  of  the
 laws of 1996, are amended to read as follows:
   1.  Where a proceeding is commenced pursuant to this article to review
 the assessment of a parcel of real property which contains one,  two  or
 three  family  dwelling residential real property, including such dwell-
 ings used in part for nonresidential purposes, but which are used prima-
 rily for residential purposes, and farm dwellings, or a parcel  of  real
 property  which  contains  residential  real property consisting of more
 than three dwelling units held in condominium form of  ownership,  or  a
 parcel  of  real  property  which  contains  land  used  in agricultural
 production which is eligible for an agricultural assessment pursuant  to
 section  three  hundred five or three hundred six of the agriculture and
 markets law, where the owner of such land has filed an  annual  applica-
 tion  for  an agricultural assessment, and farm buildings and structures
 thereon, as defined in subdivision two of section four  hundred  eighty-
 three  of this chapter, or any parcel of real property located in a city
 with a population of one million or more, unless  a  note  of  issue  is
 filed  and  the proceeding is placed on the court calendar within [four]
 TWO years from the last date provided by law for the commencement of the
 proceeding, the proceeding thereon shall be deemed to  have  been  aban-
 doned  and  an  order  dismissing  the petition shall be entered without
 notice and such order shall  constitute  a  final  adjudication  of  all
 issues  raised  in  the  proceeding,  except where the parties otherwise
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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