senate Bill S5557B

Signed By Governor
2011-2012 Legislative Session

Authorizes certain municipalities to approve a partial tax exemption for reconstruction, alterations or improvements to qualified residential structures

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Archive: Last Bill Status Via A8173 - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (20)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 18, 2012 signed chap.122
Jul 06, 2012 delivered to governor
Jun 19, 2012 returned to assembly
passed senate
3rd reading cal.168
substituted for s5557b
Jun 19, 2012 substituted by a8173b
Jun 11, 2012 amended on third reading (t) 5557b
Jun 11, 2012 vote reconsidered - restored to third reading
Jun 08, 2012 returned to senate
recalled from assembly
Feb 29, 2012 referred to real property taxation
delivered to assembly
passed senate
Feb 15, 2012 amended on third reading 5557a
Feb 13, 2012 advanced to third reading
Feb 07, 2012 2nd report cal.
Feb 06, 2012 1st report cal.168
Jan 04, 2012 referred to local government
Jun 01, 2011 referred to local government

Votes

view votes

Feb 6, 2012 - Local Government committee Vote

S5557
8
0
committee
8
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Feb 6, 2012

S5557 - Details

See Assembly Version of this Bill:
A8173B
Law Section:
Real Property Tax Law
Laws Affected:
Add §421-l, RPT L

S5557 - Summary

Authorizes certain municipalities to approve a partial tax exemption for reconstruction, alterations or improvement to qualified residential structures.

S5557 - Sponsor Memo

S5557 - Bill Text download pdf

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

                                  5557

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              June 1, 2011
                               ___________

Introduced  by Sen. GALLIVAN -- 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 a partial  tax
  exemption  for  new residential construction or improvements to quali-
  fied residential structures in certain towns

  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 421-1 to read as follows:
  S 421-1. EXEMPTION OF NEW CONSTRUCTION AND IMPROVEMENTS TO RESIDENTIAL
BUILDINGS IN CERTAIN TOWNS. 1. RESIDENTIAL BUILDINGS SITUATED  WITHIN  A
TOWN  WITH A POPULATION OF NOT LESS THAN SEVENTEEN THOUSAND FIVE HUNDRED
NINETY-FOUR AND NOT MORE THAN SEVENTEEN THOUSAND SIX  HUNDRED  FOURTEEN,
SITUATED  IN  A  COUNTY  WITH A POPULATION OF NOT LESS THAN NINE HUNDRED
NINETEEN THOUSAND FORTY AND NOT MORE THAN NINE HUNDRED NINETEEN THOUSAND
SIXTY, BASED UPON THE TWO THOUSAND FEDERAL  CENSUS  THAT  HOUSE  ONE  TO
THREE  FAMILIES AND WHICH HAVE BEEN NEWLY CONSTRUCTED OR IMPROVED SUBSE-
QUENT TO THE EFFECTIVE DATE OF A LOCAL LAW OR RESOLUTION PASSED  BY  THE
GOVERNING  BOARD  OF  SUCH  TOWN  AFTER  PUBLIC HEARING PURSUANT TO THIS
SECTION SHALL BE EXEMPT FROM TAXATION AND SPECIAL AD VALOREM  LEVIES  TO
THE  EXTENT PROVIDED HEREINAFTER. A COPY OF SUCH LOCAL LAW OR RESOLUTION
SHALL BE FILED WITH THE COMMISSIONER AND THE ASSESSOR OF SUCH TOWN.
  2. SUCH RESIDENTIAL REAL PROPERTY SHALL BE EXEMPT FOR A PERIOD OF  ONE
YEAR TO THE EXTENT OF FIFTY PER CENTUM OF THE INCREASE IN ASSESSED VALUE
THEREOF  ATTRIBUTABLE  TO  SUCH  CONSTRUCTION  OR IMPROVEMENT AND FOR AN
ADDITIONAL PERIOD OF FOUR YEARS SUBJECT TO THE FOLLOWING:
  (I) THE EXTENT OF SUCH EXEMPTION SHALL BE DECREASED BY TEN PER  CENTUM
OF THE "EXEMPTION BASE" EACH YEAR DURING SUCH ADDITIONAL FOUR-YEAR PERI-
OD,  SUCH  THAT DURING YEAR TWO THERE SHALL BE AN EXEMPTION OF FORTY PER
CENTUM OF THE INCREASE IN ASSESSED VALUE  THEREOF  ATTRIBUTABLE,  DURING
YEAR  THREE  THERE  SHALL  BE  AN  EXEMPTION OF THIRTY PER CENTUM OF THE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11781-02-1

S5557A - Details

See Assembly Version of this Bill:
A8173B
Law Section:
Real Property Tax Law
Laws Affected:
Add §421-l, RPT L

S5557A - Summary

Authorizes certain municipalities to approve a partial tax exemption for reconstruction, alterations or improvement to qualified residential structures.

S5557A - Sponsor Memo

S5557A - Bill Text download pdf

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

                                 5557--A
    Cal. No. 168

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              June 1, 2011
                               ___________

Introduced  by Sen. GALLIVAN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government -- recom-
  mitted to the Committee on Local Government in accordance with  Senate
  Rule  6,  sec. 8 -- reported favorably from said committee, ordered to
  first and second report, ordered  to  a  third  reading,  amended  and
  ordered reprinted, retaining its place in the order of third reading

AN  ACT to amend the real property tax law, in relation to a partial tax
  exemption for new residential construction or improvements  to  quali-
  fied residential structures in certain towns

  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 421-1 to read as follows:
  S 421-1. EXEMPTION OF NEW CONSTRUCTION AND IMPROVEMENTS TO RESIDENTIAL
BUILDINGS  IN  CERTAIN TOWNS. 1. RESIDENTIAL BUILDINGS SITUATED WITHIN A
TOWN WITH A POPULATION OF NOT LESS THAN SEVENTEEN THOUSAND FIVE  HUNDRED
NINETY-FOUR  AND  NOT MORE THAN SEVENTEEN THOUSAND SIX HUNDRED FOURTEEN,
SITUATED IN A COUNTY WITH A POPULATION OF NOT  LESS  THAN  NINE  HUNDRED
FORTY-NINE  THOUSAND  TWO  HUNDRED  SIXTY-FIVE  AND  NOT  MORE THAN NINE
HUNDRED FIFTY-ONE THOUSAND TWO HUNDRED SIXTY-FIVE, BASED  UPON  THE  TWO
THOUSAND  FEDERAL CENSUS THAT HOUSE ONE TO THREE FAMILIES AND WHICH HAVE
BEEN NEWLY CONSTRUCTED OR IMPROVED SUBSEQUENT TO THE EFFECTIVE DATE OF A
LOCAL LAW OR RESOLUTION PASSED BY THE GOVERNING BOARD OF SUCH TOWN AFTER
PUBLIC HEARING PURSUANT TO THIS SECTION SHALL BE  EXEMPT  FROM  TAXATION
AND SPECIAL AD VALOREM LEVIES TO THE EXTENT PROVIDED HEREINAFTER. A COPY
OF SUCH LOCAL LAW OR RESOLUTION SHALL BE FILED WITH THE COMMISSIONER AND
THE ASSESSOR OF SUCH TOWN.
  2.  SUCH RESIDENTIAL REAL PROPERTY SHALL BE EXEMPT FOR A PERIOD OF ONE
YEAR TO THE EXTENT OF FIFTY PER CENTUM OF THE INCREASE IN ASSESSED VALUE
THEREOF ATTRIBUTABLE TO SUCH CONSTRUCTION  OR  IMPROVEMENT  AND  FOR  AN
ADDITIONAL PERIOD OF FOUR YEARS SUBJECT TO THE FOLLOWING:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

S5557B (ACTIVE) - Details

See Assembly Version of this Bill:
A8173B
Law Section:
Real Property Tax Law
Laws Affected:
Add §421-l, RPT L

S5557B (ACTIVE) - Summary

Authorizes certain municipalities to approve a partial tax exemption for reconstruction, alterations or improvement to qualified residential structures.

S5557B (ACTIVE) - Sponsor Memo

S5557B (ACTIVE) - Bill Text download pdf

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

                                 5557--B
    Cal. No. 168

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              June 1, 2011
                               ___________

Introduced  by Sen. GALLIVAN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government -- recom-
  mitted to the Committee on Local Government in accordance with  Senate
  Rule  6,  sec. 8 -- reported favorably from said committee, ordered to
  first and second report, ordered  to  a  third  reading,  amended  and
  ordered  reprinted,  retaining its place in the order of third reading
  --  passed by Senate and delivered to  the  Assembly,  recalled,  vote
  reconsidered,   restored   to   third  reading,  amended  and  ordered
  reprinted, retaining its place in the order of third reading

AN ACT to amend the real property tax law, in relation to a partial  tax
  exemption for reconstruction, alterations or improvements to qualified
  residential structures in certain municipalities

  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 421-l to read as follows:
  S 421-L. EXEMPTION OF CAPITAL IMPROVEMENTS TO RESIDENTIAL BUILDINGS IN
CERTAIN TOWNS. 1. RESIDENTIAL BUILDINGS DESIGNED AND OCCUPIED EXCLUSIVE-
LY  FOR  RESIDENTIAL  PURPOSES  BY NOT MORE THAN THREE FAMILIES THAT ARE
RECONSTRUCTED, ALTERED OR IMPROVED SUBSEQUENT TO THE EFFECTIVE DATE OF A
LOCAL LAW OR RESOLUTION PURSUANT TO THIS SECTION SHALL  BE  EXEMPT  FROM
TAXATION AND SPECIAL AD VALOREM LEVIES TO THE EXTENT PROVIDED HEREINAFT-
ER.   AFTER A PUBLIC HEARING, THE GOVERNING BOARD OF A TOWN WITH A POPU-
LATION OF NOT LESS THAN SIXTEEN THOUSAND THREE  HUNDRED  FIFTY  AND  NOT
MORE  THAN  SIXTEEN  THOUSAND  THREE HUNDRED SIXTY, SITUATED IN A COUNTY
WITH A POPULATION OF NOT LESS THAN NINE HUNDRED  NINETEEN  THOUSAND  AND
NOT MORE THAN NINE HUNDRED NINETEEN THOUSAND ONE HUNDRED, BASED UPON THE
TWO  THOUSAND  TEN  FEDERAL  CENSUS,  MAY ADOPT A LOCAL LAW TO GRANT THE
EXEMPTION  AUTHORIZED  PURSUANT  TO  THIS  SECTION.  SUBSEQUENT  TO  THE
ADOPTION  OF SUCH A LOCAL LAW, THE COUNTY IN WHICH SUCH TOWN IS LOCATED,
ANY VILLAGE LOCATED WITHIN SUCH TOWN AND ANY SCHOOL DISTRICT ALL OR PART

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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