S T A T E O F N E W Y O R K
________________________________________________________________________
6372
2013-2014 Regular Sessions
I N A S S E M B L Y
March 26, 2013
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Introduced by M. of A. NOJAY, TENNEY, CORWIN -- Multi-Sponsored by -- M.
of A. ARROYO, HAWLEY -- read once and referred to the Committee on
Real Property Taxation
AN ACT to amend the real property tax law, in relation to prohibition
against change in assessment following litigation; and to repeal
section 727 of such law relating thereto
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 727 of the real property tax law is REPEALED.
S 2. Subdivision 10 of section 485 of the real property tax law, as
added by chapter 87 of the laws of 2001, is amended to read as follows:
10. When restrictions have been imposed upon changing future assess-
ments of a facility pursuant to [the provisions of either section seven
hundred twenty-seven of this chapter or] a formal agreement between the
parties, and the facility becomes exempt pursuant to this section, such
restrictions shall apply to future assessments of the facility to the
same extent as if it had not become exempt pursuant to this section.
S 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06110-02-3