S T A T E   O F   N E W   Y O R K
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                                  4840

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             April 21, 2015
                               ___________

Introduced  by  Sen.  CROCI  -- 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 216 of
the laws of 2014, 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, two thousand
thirteen--two thousand fourteen, [and] two thousand fourteen--two  thou-
sand  fifteen, AND TWO THOUSAND FIFTEEN--TWO THOUSAND SIXTEEN 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.
                                                           LBD10572-01-5