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Assembly Bill A10328

2015-2016 Legislative Session

Provides that the city of New York is authorized to reduce property taxes on all classes of property within the city by eighteen and one-half percent

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Archive: Last Bill Status - In Assembly Committee

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2015-A10328 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
New York City
Versions Introduced in Other Legislative Sessions:
2009-2010: A2432
2011-2012: A5764
2013-2014: A4532
2017-2018: A5873

2015-A10328 (ACTIVE) - Summary

Provides that the city of New York is authorized to reduce property taxes on all classes of property within the city by eighteen and one-half percent.

2015-A10328 (ACTIVE) - Bill Text download pdf 

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

                                  10328

                          I N  A S S E M B L Y

                              May 23, 2016
                               ___________

Introduced  by  M.  of  A.  CASTORINA  --  read once and referred to the
  Committee on Real Property Taxation

AN ACT authorizing the city of New York to reduce property taxes on  all
  classes of property within such city by eighteen and one-half percent

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

  Section 1. Notwithstanding any other provision of law to the contrary,
the city council of the city of New York is authorized  to  reduce  real
property  taxes  on  all classes of real property within the city of New
York by eighteen and one-half percent below  that  of  the  tax  on  the
parcel of real property for the prior tax year.
  S 2. This act shall take effect immediately.








 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05781-01-5

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