|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to cities|
|Jan 09, 2013||referred to cities|
senate Bill S1867
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1867 - Details
S1867 - Summary
Relates to payment of legal fees incurred by cooperative corporations or condominiums in connection with tax certiorari proceedings.
S1867 - Sponsor Memo
BILL NUMBER:S1867 TITLE OF BILL: An act to amend the administrative code of the city of New York, in relation to payment of legal fees incurred by cooperative corporations or condominiums in connection with tax certiorari proceedings PURPOSE OR GENERAL IDEA OF BILL: The bill relates to the payment of legal fees incurred by cooperative corporations or condominiums in connect with tax certiorari proceedings. SUMMARY OF SPECIFIC PROVISIONS: Section 1 would add section 11-240 to the administrative code of the city of New York. The section states that the city shall pay twenty-five percent of legal fees incurred by a cooperative corporation or condomin- ium board as a result of tax certiorari proceedings brought by the corporation or board regardless of whether such corporation or board prevails in the proceedings, Section 2 contains the effective date. JUSTIFICATION: Over recent years, as New York City has released its assessed values of properties, the assessed value is often challenged in tax certiorari proceedings. This results in cooperative corporation or condominium boards spending approximately tens of thousands of dollars
S1867 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1867 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. STAVISKY -- read twice and ordered printed, and when printed to be committed to the Committee on Cities AN ACT to amend the administrative code of the city of New York, in relation to payment of legal fees incurred by cooperative corporations or condominiums in connection with tax certiorari proceedings THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The administrative code of the city of New York is amended by adding a new section 11-240 to read as follows: S 11-240 TAX CERTIORARI PROCEEDINGS; PAYMENT OF LEGAL FEES. THE CITY SHALL PAY TWENTY-FIVE PERCENT OF LEGAL FEES INCURRED BY A COOPERATIVE CORPORATION OR CONDOMINIUM BOARD AS A RESULT OF TAX CERTIORARI PROCEEDINGS BROUGHT BY THE CORPORATION OR BOARD REGARDLESS OF WHETHER SUCH CORPORATION OR BOARD PREVAILS IN THE PROCEEDINGS. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04259-01-3
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