Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 02, 2016 |
print number 5673a |
May 02, 2016 |
amend and recommit to cities |
Jan 06, 2016 |
referred to cities |
May 27, 2015 |
referred to cities |
Senate Bill S5673
2015-2016 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Cities Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
co-Sponsors
(D) Senate District
(D, IP) Senate District
2015-S5673 - Details
- See Assembly Version of this Bill:
- A8095
- Current Committee:
- Senate Cities
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §467-e, RPT L
2015-S5673 - Sponsor Memo
BILL NUMBER:S5673 TITLE OF BILL: An act to amend the real property tax law, in relation to rebates of real property taxes on certain residential real property in a city having a population of one million or more PURPOSE OR GENERAL IDEA OF BILL: Authorizes cities having a population of one million or more to provide rebates of a portion of the real property taxes on owner occupies residential real property. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill amends RPTL Section 467-e(1), as amended by chapter 483 of the laws of 2007, to authorize New York City to adopt a local law granting a rebate of $500 (or the annual real property tax liability imposed if less than $500) for eligible owner occupied residential real property in the city of New York for three fiscal years beginning with the fiscal year beginning on July 1, 2015. A similar rebate program with a maximum benefit of $400 was enacted in 2004 and renewed for 3 additional years in 2007. Section 2 of the bill amends RPTL Section 467-e, as amended by chapter 60 of the laws of 2004 to provide that the federal adjusted gross income of the owner or owners, or the tenant-stockholder or tenant-stockholders of the subject residential real property may not exceed five hundred thousand dollars in the immediately preceding
2015-S5673 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5673 2015-2016 Regular Sessions I N S E N A T E May 27, 2015 ___________ Introduced by Sens. KLEIN, AVELLA, SAVINO -- 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 rebates of real property taxes on certain residential real property 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. Subdivision 1 of section 467-e of the real property tax law, as amended by chapter 483 of the laws of 2007, is amended to read as follows: 1. Generally. Notwithstanding any provision of any general, special or local law to the contrary, any city having a population of one million or more is hereby authorized and empowered to adopt and amend local laws in accordance with this section to grant a rebate of real property taxes for fiscal years beginning on the first of July, two thousand [three] FIFTEEN and ending on the thirtieth of June, two thousand [nine] EIGH- TEEN in the amount of the lesser of [four] FIVE hundred dollars or the annual tax liability imposed on the property. [No such local law may be adopted unless, as originally adopted, it authorizes such rebate to be granted in accordance with this section for three consecutive fiscal years beginning with the fiscal year beginning on the first of July, two thousand three.] No such rebate shall be granted by local law for any fiscal year beginning on or after the first of July, two thousand [nine] EIGHTEEN, unless the council of such city, in fixing the annual tax rates for any such fiscal year, shall have uniformly reduced such rates for all classes of property in order to produce real property tax relief among such classes of property in an amount not less than, in the aggre- gate, the aggregate amount of rebate paid in such fiscal year. [No such local law implementing the provisions of this section, as amended by the chapter of the laws of two thousand seven which added this sentence, may be adopted unless, as originally adopted, such local law authorizes such EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10690-02-5
co-Sponsors
(D) Senate District
(D, IP) Senate District
2015-S5673A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8095
- Current Committee:
- Senate Cities
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §467-e, RPT L
2015-S5673A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5673A TITLE OF BILL : An act to amend the real property tax law, in relation to rebates of real property taxes on certain residential real property in a city having a population of one million or more PURPOSE OR GENERAL IDEA OF BILL : Authorizes cities having a population of one million or more to provide rebates of a portion of the real property taxes on owner occupies residential real property. SUMMARY OF SPECIFIC PROVISIONS : Section 1 of the bill amends RPTL Section 467-e(1), as amended by chapter 483 of the laws of 2007, to authorize New York City to adopt a local law granting a rebate of $500 (or the annual real property tax liability imposed if less than $500) for eligible owner occupied residential real property in the city of New York for three fiscal years beginning with the fiscal year beginning on July 1, 2016. A similar rebate program with a maximum benefit of $400 was enacted in 2004 and renewed for 3 additional years in 2007. Section 2 of the bill amends RPTL Section 467-e, as amended by chapter
2015-S5673A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5673--A 2015-2016 Regular Sessions I N S E N A T E May 27, 2015 ___________ Introduced by Sens. KLEIN, AVELLA, SAVINO -- read twice and ordered printed, and when printed to be committed to the Committee on Cities -- recommitted to the Committee on Cities in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to rebates of real property taxes on certain residential real property 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. Subdivision 1 of section 467-e of the real property tax law, as amended by chapter 483 of the laws of 2007, is amended to read as follows: 1. Generally. Notwithstanding any provision of any general, special or local law to the contrary, any city having a population of one million or more is hereby authorized and empowered to adopt and amend local laws in accordance with this section to grant a rebate of real property taxes for fiscal years beginning on the first of July, two thousand [three] SIXTEEN and ending on the thirtieth of June, two thousand [nine] NINE- TEEN in the amount of the lesser of [four] FIVE hundred dollars or the annual tax liability imposed on the property. [No such local law may be adopted unless, as originally adopted, it authorizes such rebate to be granted in accordance with this section for three consecutive fiscal years beginning with the fiscal year beginning on the first of July, two thousand three.] No such rebate shall be granted by local law for any fiscal year beginning on or after the first of July, two thousand [nine] NINETEEN, unless the council of such city, in fixing the annual tax rates for any such fiscal year, shall have uniformly reduced such rates for all classes of property in order to produce real property tax relief among such classes of property in an amount not less than, in the aggre- gate, the aggregate amount of rebate paid in such fiscal year. [No such EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10690-03-6
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