senate Bill S7082

2013-2014 Legislative Session

Exempts costs associated with revaluations or reassessments from the tax levy limit on real property

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Sponsored By

Archive: Last Bill Status - In Committee


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

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Apr 24, 2014 referred to local government

S7082 - Details

See Assembly Version of this Bill:
A1235
Current Committee:
Law Section:
General Municipal Law
Laws Affected:
Amd ยง3-c, Gen Muni L
Versions Introduced in 2011-2012 Legislative Session:
A10466

S7082 - Summary

Exempts cost associated with revaluations or reassessments from the tax levy limit on real property.

S7082 - Sponsor Memo

S7082 - Bill Text download pdf

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

                                  7082

                            I N  S E N A T E

                             April 24, 2014
                               ___________

Introduced  by  Sen. LATIMER -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the general municipal law, in relation to exempting  the
  costs  associated  with  real property revaluation or reassessment for
  the tax levy limit

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subparagraph  (iv)  of  paragraph (g) of subdivision 2 of
section 3-c of the general municipal law, as added by section 1 of  part
A  of  chapter 97 of the laws of 2011, is amended and a new subparagraph
(v) is added to read as follows:
  (iv) in years in which the normal contribution rate of  the  New  York
state teachers' retirement system, as defined by paragraph a of subdivi-
sion  two  of  section  five  hundred  seventeen  of  the education law,
increases by more than two percentage points from the previous  year,  a
tax levy necessary for expenditures for the coming fiscal year for local
government  employer  contributions  to  the  New  York  state teachers'
retirement system caused by growth in the normal contribution rate minus
two percentage points[.];
  (V) ALL COSTS ASSOCIATED WITH REAL PROPERTY REVALUATIONS OR  REASSESS-
MENTS.
  S  2.  Paragraph  (a)  of  subdivision 3 of section 3-c of the general
municipal law, as added by section 1 of part A of chapter 97 of the laws
of 2011, is amended to read as follows:
  (a) Subject to the provisions of subdivision  five  of  this  section,
beginning  with  the  fiscal year that begins in two thousand twelve, no
local government shall adopt a budget that requires a tax levy  that  is
greater  than  the  tax  levy limit for the coming fiscal year. Provided
however the tax levy limit  shall  not  prohibit  a  levy  necessary  to
support  the  expenditures  pursuant to subparagraphs (i) through [(iv)]
(V) of paragraph (g) of subdivision two of this section.
  S 3. Subdivision 5 of section 3-c of the  general  municipal  law,  as
added  by  section  1  of  part  A of chapter 97 of the laws of 2011, is
amended to read as follows:

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

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