Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Oct 26, 2015 |
approval memo.2 signed chap.406 |
Oct 14, 2015 |
delivered to governor |
Jun 18, 2015 |
returned to senate passed assembly ordered to third reading rules cal.674 substituted for a7570a |
Jun 18, 2015 |
substituted by s5196a rules report cal.674 reported |
Jun 16, 2015 |
reported referred to rules |
Jun 10, 2015 |
reported referred to ways and means |
Jun 09, 2015 |
print number 7570a |
Jun 09, 2015 |
amend and recommit to real property taxation |
May 19, 2015 |
referred to real property taxation |
Assembly Bill A7570A
Signed By Governor2015-2016 Legislative Session
Sponsored By
HAWLEY
Archive: Last Bill Status Via S5196 - 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
Bill Amendments
2015-A7570 - Details
- See Senate Version of this Bill:
- S5196
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §485-r, RPT L
2015-A7570 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7570 2015-2016 Regular Sessions I N A S S E M B L Y May 19, 2015 ___________ Introduced by M. of A. HAWLEY -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to authorizing a residential redevelopment inhibited property exemption in certain cities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 485-r to read as follows: S 485-R. RESIDENTIAL REDEVELOPMENT INHIBITED PROPERTY EXEMPTION; CERTAIN CITIES. 1. AS USED IN THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "REDEVELOPMENT INHIBITED PROPERTY" SHALL MEAN A RESIDENTIAL PROP- ERTY THAT HAS BEEN NEGLECTED OR ABANDONED BECAUSE OF THE LOCAL ECONOMIC CONDITIONS AND/OR CONDITIONS ON THE PROPERTY THAT INHIBIT SUCH PROPERTY FROM BEING REDEVELOPED BY THE PRIVATE SECTOR. REDEVELOPMENT INHIBITED PROPERTY SHALL NOT INCLUDE LAND THAT IS UNDEVELOPED. (B) "GAP FINANCING COSTS" SHALL MEAN THE TOTAL COST OF THE PROPERTY'S REDEVELOPMENT AS APPROVED BY THE CITY MINUS THE INCREASE IN THE FULL VALUATION OF THE PROPERTY UPON COMPLETION OF THE REDEVELOPMENT. (C) "BASE ASSESSMENT" SHALL MEAN THE ASSESSED VALUE OF THE PROPERTY ON THE DAY THE CITY DESIGNATES THE PROPERTY AS REDEVELOPMENT INHIBITED. (D) "INCREASED ASSESSMENT" SHALL MEAN THE ASSESSED VALUE OF THE PROP- ERTY AS DETERMINED BY THE ASSESSOR UPON COMPLETION OF THE REDEVELOPMENT. (E) "INCREMENTAL INCREASE IN ANNUAL PROPERTY TAXES" SHALL MEAN THE TAXES BASED ON THE INCREASED ASSESSMENT MINUS THE TAXES BASED ON THE BASE ASSESSMENT. (F) "CITY" SHALL MEAN CITIES WITH A POPULATION OF NOT LESS THAN FIFTEEN THOUSAND AND NOT MORE THAN SIXTEEN THOUSAND AS DETERMINED BY THE FEDERAL DECENNIAL CENSUS FOR THE YEAR TWO THOUSAND TEN. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10793-01-5
2015-A7570A (ACTIVE) - Details
- See Senate Version of this Bill:
- S5196
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §485-r, RPT L
2015-A7570A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7570--A 2015-2016 Regular Sessions I N A S S E M B L Y May 19, 2015 ___________ Introduced by M. of A. HAWLEY -- read once and referred to the Committee on Real Property Taxation -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to authorizing a residential redevelopment inhibited property exemption in certain cities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 485-r to read as follows: S 485-R. RESIDENTIAL REDEVELOPMENT INHIBITED PROPERTY EXEMPTION; CERTAIN CITIES. 1. AS USED IN THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "REDEVELOPMENT INHIBITED PROPERTY" SHALL MEAN A RESIDENTIAL PROP- ERTY THAT HAS BEEN NEGLECTED OR ABANDONED BECAUSE OF THE LOCAL ECONOMIC CONDITIONS AND/OR CONDITIONS ON THE PROPERTY THAT INHIBIT SUCH PROPERTY FROM BEING REDEVELOPED BY THE PRIVATE SECTOR. REDEVELOPMENT INHIBITED PROPERTY SHALL NOT INCLUDE LAND THAT IS UNDEVELOPED. (B) "GAP FINANCING COSTS" SHALL MEAN THE TOTAL COST OF THE PROPERTY'S REDEVELOPMENT AS APPROVED BY THE CITY MINUS THE INCREASE IN THE FULL VALUATION OF THE PROPERTY UPON COMPLETION OF THE REDEVELOPMENT. (C) "BASE ASSESSMENT" SHALL MEAN THE ASSESSED VALUE OF THE PROPERTY ON THE DAY THE CITY DESIGNATES THE PROPERTY AS REDEVELOPMENT INHIBITED. (D) "INCREASED ASSESSMENT" SHALL MEAN THE ASSESSED VALUE OF THE PROP- ERTY AS DETERMINED BY THE ASSESSOR UPON COMPLETION OF THE REDEVELOPMENT. (E) "INCREMENTAL INCREASE IN ANNUAL PROPERTY TAXES" SHALL MEAN THE TAXES BASED ON THE INCREASED ASSESSMENT MINUS THE TAXES BASED ON THE BASE ASSESSMENT. (F) "CITY" SHALL MEAN CITIES WITH A POPULATION OF NOT LESS THAN FIFTEEN THOUSAND TWO HUNDRED FIFTY AND NOT MORE THAN FIFTEEN THOUSAND EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10793-03-5
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