|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to local government|
|Jan 09, 2013||referred to local government|
senate Bill S1053
Archive: Last Bill Status - In Senate Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1053 - Details
S1053 - Sponsor Memo
BILL NUMBER:S1053 TITLE OF BILL: An act to amend the real property tax law, in relation to providing for the elimination of the separate utility class (class 3) in New York city PURPOSE OR GENERAL IDEA OF BILL: To provide for the merger of class three and four into a new single class for the special assessing unit of New York city. The merger of class shares of present classes three and four results in no revenue loss to New York city. SUMMARY OF SPECIFIC PROVISIONS: Amends sections 1802 and 1805 of Article 18 of the Real Property Tax Law to eliminate the definition and references to the utility property class and to create a three class system with the present class three and class four merged in New York city. JUSTIFICATION: In New York City, Con Edison constitutes seventy seven percent of the assessed valuation of class three. Reductions in assessed values have produced little or no tax relief because of increases in the class three tax rates which have nullified the assessment reductions. Most important, lower property taxes for public utilities mean lower energy costs which provides relief to utility customers and helps New
S1053 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1053 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. MAZIARZ -- 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 providing for the elimination of the separate utility class (class 3) in New York city THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The section heading and the opening paragraph of subdivi- sion 1 of section 1802 of the real property tax law, the section heading as added by chapter 1057 of the laws of 1981 and the opening paragraph of subdivision 1 as separately amended by chapters 123 and 529 of the laws of 1990, are amended to read as follows: Classification of real property in a special assessing unit NOT LOCATED WHOLLY WITHIN A CITY. All real property, for the purposes of this article, in a special assessing unit NOT LOCATED WHOLLY WITHIN A CITY shall be classified as follows: S 2. The real property tax law is amended by adding a new section 1802-a to read as follows: S 1802-A. CLASSIFICATION OF REAL PROPERTY IN A SPECIAL ASSESSING UNIT LOCATED WHOLLY WITHIN A CITY. 1. ALL REAL PROPERTY, FOR THE PURPOSES OF THIS ARTICLE, IN A SPECIAL ASSESSING UNIT LOCATED WHOLLY WITHIN A CITY SHALL BE CLASSIFIED AS FOLLOWS: CLASS ONE: (A) ALL ONE, TWO AND THREE FAMILY RESIDENTIAL REAL PROPER- TY, INCLUDING SUCH DWELLINGS USED IN PART FOR NONRESIDENTIAL PURPOSES BUT WHICH ARE USED PRIMARILY FOR RESIDENTIAL PURPOSES, EXCEPT SUCH PROP- ERTY HELD IN COOPERATIVE OR CONDOMINIUM FORMS OF OWNERSHIP OTHER THAN (I) PROPERTY DEFINED IN SUBPARAGRAPHS (B) AND (C) OF THIS PARAGRAPH AND (II) PROPERTY WHICH CONTAINS NO MORE THAN THREE DWELLING UNITS HELD IN CONDOMINIUM FORM OF OWNERSHIP AND WHICH WAS CLASSIFIED WITHIN THIS CLASS EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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