senate Bill S7257

Signed By Governor
2013-2014 Legislative Session

Authorizes cities having a population of one million or more to grant a partial real property tax abatement during the 2014 - 2015 fiscal year for residential property repaired after a severe storm

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Sponsored By

Archive: Last Bill Status Via A9578 - Signed by Governor


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 29, 2014 signed chap.25
May 28, 2014 delivered to governor
May 20, 2014 returned to assembly
passed senate
3rd reading cal.707
substituted for s7257
May 20, 2014 substituted by a9578
May 19, 2014 advanced to third reading
May 14, 2014 2nd report cal.
May 13, 2014 1st report cal.707
May 08, 2014 referred to cities

Votes

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Co-Sponsors

S7257 - Details

See Assembly Version of this Bill:
A9578
Law Section:
Real Property Tax Law
Laws Affected:
Add ยง467-h, RPT L

S7257 - Summary

Authorizes cities having a population of one million or more to grant a partial real property tax abatement, during the 2014 - 2015 fiscal year, for certain residential property damaged in a severe storm on October 29 - 30, 2012 and subsequently repaired.

S7257 - Sponsor Memo

S7257 - Bill Text download pdf

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

                                  7257

                            I N  S E N A T E

                               May 8, 2014
                               ___________

Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Cities

AN ACT to amend the real property tax law, in relation to establishing a
  partial abatement of real property taxes on  real  property  that  was
  rebuilt  after  being  seriously  damaged  by  the  severe  storm that
  occurred on the twenty-ninth and thirtieth of  October,  two  thousand
  twelve in a city having a population of one million or more

  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 467-h to read as follows:
  S 467-H. PARTIAL ABATEMENT FOR CERTAIN REBUILT REAL PROPERTY SERIOUSLY
DAMAGED  BY THE SEVERE STORM THAT OCCURRED ON THE TWENTY-NINTH AND THIR-
TIETH OF OCTOBER, TWO THOUSAND TWELVE IN A CITY HAVING A  POPULATION  OF
ONE MILLION OR MORE. 1. GENERALLY.  NOTWITHSTANDING ANY PROVISION OF ANY
GENERAL,  SPECIAL  OR LOCAL LAW TO THE CONTRARY, ANY CITY HAVING A POPU-
LATION OF ONE MILLION OR MORE IS  HEREBY  AUTHORIZED  AND  EMPOWERED  TO
ADOPT  AND  AMEND  LOCAL LAWS IN ACCORDANCE WITH THIS SECTION TO GRANT A
PARTIAL ABATEMENT OF REAL PROPERTY TAXES FOR THE FISCAL  YEAR  BEGINNING
ON  THE  FIRST OF JULY, TWO THOUSAND FOURTEEN, IN THE AMOUNT PROVIDED IN
THIS SECTION TO ELIGIBLE REAL PROPERTY AS DEFINED IN  SUBDIVISION  THREE
OF  THIS  SECTION  ON THE FIRST OF JULY, TWO THOUSAND FOURTEEN. IF LEGAL
TITLE TO ELIGIBLE REAL PROPERTY IS HELD BY ONE  OR  MORE  TRUSTEES,  THE
BENEFICIAL  OWNER  OR  OWNERS  SHALL  BE  DEEMED TO OWN THE PROPERTY FOR
PURPOSES OF THIS SECTION.  NOTWITHSTANDING ANY PROVISION OF THIS ARTICLE
TO THE CONTRARY, A PROPERTY THAT IS RECEIVING BENEFITS PURSUANT  TO  ANY
OTHER  SECTION  OF THIS ARTICLE SHALL NOT BE PROHIBITED FROM RECEIVING A
PARTIAL ABATEMENT PURSUANT TO THIS SECTION IF SUCH PROPERTY IS OTHERWISE
ELIGIBLE TO RECEIVE SUCH ABATEMENT.
  2. DEFINITIONS. AS USED IN THIS SECTION:
  A. "ACTUAL ASSESSED VALUATION" MEANS THE ASSESSED  VALUATION  OF  REAL
PROPERTY PRIOR TO THE CALCULATION OF ANY TRANSITIONAL ASSESSED VALUATION
PURSUANT  TO  SUBDIVISION THREE OF SECTION EIGHTEEN HUNDRED FIVE OF THIS

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14840-02-4

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