Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to cities |
Jan 11, 2013 |
referred to cities |
Senate Bill S2128
2013-2014 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Cities 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
Actions
co-Sponsors
(D) 15th Senate District
(D) Senate District
(D, WF) 12th Senate District
(D, WF) Senate District
2013-S2128 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A39
- Current Committee:
- Senate Cities
- Law Section:
- New York City
2013-S2128 (ACTIVE) - Sponsor Memo
BILL NUMBER:S2128 TITLE OF BILL: An act enacting the New York City Hurricane Sandy assessment relief act PURPOSE OR GENERAL IDEA OF BILL: To provide real property tax relief to New York City property owners whose properties were catastrophically impacted by Hurricane Sandy. SUMMARY OF SPECIFIC PROVISIONS: Section 1 contains the title: "New York City Hurricane Sandy Assessment Relief Act." Section 2 defines the terms used in the act. Section 3 provides that a city with a population of one million may adopt the provisions of this act by passing a resolution by the forty-fifth day following the date upon which this act is approved by the Governor. Section 4 provides that properties that were catastrophically impacted by Hurricane Sandy, having lost fifty percent or more of their assessed value, shall be granted assessment relief as follows:
2013-S2128 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2128 2013-2014 Regular Sessions I N S E N A T E January 11, 2013 ___________ Introduced by Sens. SQUADRON, ADDABBO, AVELLA, GIANARIS -- read twice and ordered printed, and when printed to be committed to the Committee on Cities AN ACT enacting the New York City Hurricane Sandy assessment relief act THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "New York City Hurricane Sandy Assessment Relief Act". S 2. Definitions. For the purposes of this act, the following terms shall have the following meanings: 1. "Catastrophically impacted property" shall mean a property which is located in a city with a population of one million or more, and which lost fifty percent or more of its value as a result of Hurricane Sandy. 2. "Impacted assessment roll" shall mean the assessment roll that was finalized in the calendar year 2012. 3. "Hurricane Sandy" shall mean the storms, rains, or floods which occurred within a city with a population of one million or more during the period beginning on October 29, 2012 and ending November 3, 2012. S 3. Local option. A city with a population of one million or more may exercise the provisions of this act if its governing body shall, by the forty-fifth day following the date upon which this act is approved by the governor, pass a resolution adopting the provisions of this act. S 4. Assessment relief for flood victims. 1. Notwithstanding any provision of law to the contrary, where property was catastrophically impacted by Hurricane Sandy, provided such city has adopted the provisions of this act, assessment relief shall be granted as follows: (a) If the property lost at least fifty but less than sixty percent of its value due to Hurricane Sandy, the taxable assessed value of the property shall be reduced by fifty-five percent for the impacted assess- ment roll. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04676-01-3
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