Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 20, 2011 |
signed chap.164 |
Jul 08, 2011 |
delivered to governor |
Jun 14, 2011 |
returned to assembly passed senate 3rd reading cal.647 substituted for s5002 |
Jun 14, 2011 |
substituted by a6462 |
May 17, 2011 |
advanced to third reading |
May 16, 2011 |
2nd report cal. |
May 11, 2011 |
1st report cal.647 |
May 02, 2011 |
referred to local government |
Senate Bill S5002
Signed By Governor2011-2012 Legislative Session
Sponsored By
(R, C) 7th Senate District
Archive: Last Bill Status Via A6462 - Signed by Governor
- 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
Actions
Votes
2011-S5002 (ACTIVE) - Details
2011-S5002 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5002 TITLE OF BILL: An act to amend the real property tax law, in relation to allowing certain special assessing units other than cities to adjust their current base proportions PURPOSE: To allow special assessing units other than cities in the county of Nassau to adjust their current base proportions. SUMMARY OF PROVISIONS: Section 1. Amends section 1803-a of the Real Property Tax Law by adding a new paragraph w. Section 2. Effective date. JUSTIFICATION: Article 18 and 19 of the Real property Tax Law provide that in "special" and "approved" assessing units, class tax rates must be established in accordance with a strict statutory formula. One of the elements of-the formula is that the current base proportion of any class may not exceed the adjusted base proportion for that class from the prior year by-more than 5%. To avoid hardship to homeowners, the Legislature has overridden this 5 cap on an annual
2011-S5002 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5002 2011-2012 Regular Sessions I N S E N A T E May 2, 2011 ___________ Introduced by Sen. MARTINS -- 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 allowing certain special assessing units other than cities to adjust their current base proportions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 1803-a of the real property tax law is amended by adding a new paragraph (w) to read as follows: (W) NOTWITHSTANDING THE PROVISIONS OF PARAGRAPH (C) OF THIS SUBDIVI- SION TO THE CONTRARY, IN A SPECIAL ASSESSING UNIT THAT IS NOT A CITY AND FOR CURRENT BASE PROPORTIONS TO BE DETERMINED BY TAXES BASED ON SUCH SPECIAL ASSESSING UNIT'S TWO THOUSAND ELEVEN ASSESSMENT ROLL, THE CURRENT BASE PROPORTION OF ANY CLASS SHALL NOT EXCEED THE ADJUSTED BASE PROPORTION OR ADJUSTED PROPORTION, WHICHEVER IS APPROPRIATE, OF THE IMMEDIATELY PRECEDING YEAR BY MORE THAN ONE PERCENT. WHERE THE COMPUTA- TION PERFORMED PURSUANT TO PARAGRAPH (B) OF THIS SUBDIVISION WOULD OTHERWISE PRODUCE SUCH RESULT, THE CURRENT BASE PROPORTION OF SUCH CLASS OR CLASSES SHALL BE LIMITED TO SUCH ONE PERCENT INCREASE AND THE LEGIS- LATIVE BODY OF SUCH SPECIAL ASSESSING UNIT SHALL ALTER THE CURRENT BASE PROPORTION OF ANY OR ALL REMAINING CLASSES SO THAT THE SUM OF THE CURRENT BASE PROPORTIONS EQUALS ONE. S 2. This act shall take effect immediately and shall apply to the levy of taxes based on the 2011 assessment roll in an approved assessing unit. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10186-01-1
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