|
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| Aug 07, 2014 |
signed chap.216 |
| Aug 01, 2014 |
delivered to governor |
| Jun 12, 2014 |
returned to assembly passed senate 3rd reading cal.1167 substituted for s7269 |
| Jun 12, 2014 |
substituted by a9751 |
| Jun 10, 2014 |
advanced to third reading |
| Jun 09, 2014 |
2nd report cal. |
| Jun 03, 2014 |
1st report cal.1167 |
| May 08, 2014 |
referred to local government |
Senate Bill S7269
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status Via A9751 - 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
2013-S7269 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9751
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §1903, RPT L
2013-S7269 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7269
TITLE OF BILL: An act to amend the real property tax law, in relation
to adjusted base proportions for assessment rolls
PURPOSE: To enact legislation which limits the amount of a property
tax shift from one class of property to another for 2014-2015, due to
large fluctuations in property values between property classes for the
Town of Islip, which is the only approved assessing unit in the county
of Suffolk.
SUMMARY OF PROVISIONS: This bill amends subparagraph (iv) of paragraph
(a) of subdivision 3 of section 103 of the real property tax law by
extending for one year legislation which limits the amount of a
property tax shift between classes of properties caused by large
fluctuations in property values within classes.
JUSTIFICATION: In Suffolk County, there is a large differential in
property tax value increases between classes of property. This in turn
causes a large property tax increase in one class of property.
Presently, the amount of taxes which can be shifted from one class to
another is generally capped at five percent, but for the 2005-2006,
2006-2007, 2007-2008, 2008-2009, 2012-2013 and the 2013-2014 tax rolls
it was capped at 1 percent to protect against large property tax
shifts. This legislation will extend the authority to cap the property
tax shift at one percent for the 2014-2015 assessment roll. This will
2013-S7269 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
7269
I N S E N A T E
May 8, 2014
___________
Introduced by Sen. ZELDIN -- 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 adjusted base
proportions for assessment rolls
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subparagraph (iv) of paragraph (a) of subdivision 3 of
section 1903 of the real property tax law, as amended by chapter 281 of
the laws of 2013, is amended to read as follows:
(iv) Notwithstanding any other provision of law, in an approved
assessing unit in the county of Suffolk and for current base proportions
to be determined by taxes based on such approved assessing unit's two
thousand three - two thousand four, two thousand four - two thousand
five and two thousand five - two thousand six assessment rolls, 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 two percent, or in the case of
the two thousand five--two thousand six, two thousand six--two thousand
seven, two thousand seven--two thousand eight, two thousand eight--two
thousand nine, two thousand twelve--two thousand thirteen, [and] two
thousand thirteen--two thousand fourteen, AND TWO THOUSAND FOURTEEN--TWO
THOUSAND FIFTEEN assessment rolls, one percent. Where the computation
of current base proportions would otherwise produce such result, the
current base proportion of such class or classes shall be limited to
such two percent or one percent increase whichever is applicable, and
the legislative body of such approved assessing unit shall alter the
current base proportion of either class so that the sum of the current
base proportions equals one.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14894-01-4
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