Assembly Bill A3799

2017-2018 Legislative Session

Enacts the "two percent is two percent property tax cap act"

download bill text pdf

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Archive: Last Bill Status - In Assembly 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

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2017-A3799 (ACTIVE) - Details

See Senate Version of this Bill:
S1707
Current Committee:
Assembly Ways And Means
Law Section:
General Municipal Law
Laws Affected:
Amd §3-c, Gen Muni L; amd §2023-a, Ed L
Versions Introduced in 2015-2016 Legislative Session:
A9026

2017-A3799 (ACTIVE) - Summary

Enacts the "two percent is two percent property tax cap act" relating to the formula for the real property tax cap.

2017-A3799 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3799
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 30, 2017
                                ___________
 
 Introduced by M. of A. JAFFEE -- read once and referred to the Committee
   on Ways and Means
 
 AN  ACT  to  amend  the  general municipal law and the education law, in
   relation to the formula for the real property tax cap
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  This  act  shall  be  known  and may be cited as the "two
 percent is two percent property tax cap act".
   § 2. Paragraph (a) 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 to read as follows:
   (a)  "Allowable  levy growth factor" shall be [the lesser of: (i)] one
 and two one-hundredths[; or (ii) the  sum  of  one  plus  the  inflation
 factor;  provided, however, that in no case shall the levy growth factor
 be less than one].
   § 3. Paragraph a of subdivision 2 of section 2023-a of  the  education
 law,  as added by section 2 of part A of chapter 97 of the laws of 2011,
 is amended to read as follows:
   a. "Allowable levy growth factor" shall be [the lesser  of:  (i)]  one
 and  two  one-hundredths[;  or  (ii)  the  sum of one plus the inflation
 factor; provided, however, that in no case shall the levy growth  factor
 be less than one].
   §  4.  This act shall take effect immediately; provided, however, that
 the amendments to section 3-c of  the  general  municipal  law  made  by
 section  one of this act shall not affect the repeal of such section and
 shall be deemed repealed therewith; provided, further, that  the  amend-
 ments to section 2023-a of the education law made by section two of this
 act  shall  not  affect  the  repeal of such section and shall be deemed
 repealed therewith.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01806-01-7

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