S T A T E O F N E W Y O R K
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3837
2017-2018 Regular Sessions
I N A S S E M B L Y
January 30, 2017
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Introduced by M. of A. GLICK, O'DONNELL, GOTTFRIED -- read once and
referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to imposing an
additional tax on certain non-primary residence class one and class
two properties in a city with 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 307-b to read as follows:
§ 307-B. ADDITIONAL TAX ON CERTAIN NON-PRIMARY RESIDENCE PROPERTIES IN
A CITY WITH A POPULATION OF ONE MILLION OR MORE. 1. GENERALLY. NOTWITH-
STANDING ANY PROVISION OF ANY GENERAL, SPECIFIC OR LOCAL LAW TO THE
CONTRARY, ANY CITY WITH A POPULATION OF ONE MILLION OR MORE IS HEREBY
AUTHORIZED AND EMPOWERED TO ADOPT AND AMEND LOCAL LAWS IN ACCORDANCE
WITH THIS SECTION IMPOSING AN ADDITIONAL TAX ON CERTAIN RESIDENTIAL
PROPERTIES.
2. DEFINITIONS. AS USED IN THIS SECTION: (A) "COMMISSIONER OF FINANCE"
MEANS THE COMMISSIONER OF FINANCE OF A CITY HAVING A POPULATION OF ONE
MILLION OR MORE, OR HIS OR HER DESIGNEE.
(B) "DEPARTMENT OF FINANCE" MEANS THE DEPARTMENT OF FINANCE OF A CITY
HAVING A POPULATION OF ONE MILLION OR MORE.
(C) "MARKET VALUE" SHALL MEAN THE CURRENT MONETARY VALUE OF THE PROP-
ERTY, USING A COMPARABLE SALE-BASED VALUATION METHOD, AS DETERMINED BY
THE DEPARTMENT OF FINANCE.
3. ADDITIONAL TAX. A LOCAL LAW ENACTED PURSUANT TO THIS SECTION MAY
PROVIDE FOR A REAL PROPERTY TAX IN ACCORDANCE WITH THE FOLLOWING TABLE
FOR FISCAL YEARS BEGINNING ON OR AFTER JULY FIRST, TWO THOUSAND EIGH-
TEEN:
IF THE MARKET VALUE OF THE THE TAX IS:
PROPERTY IS:
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03082-01-7
A. 3837 2
OVER $5,000,000 BUT NOT $0 PLUS .5% OF EXCESS
OVER $6,000,000 OVER $5,000,000
OVER $6,000,000 $5,000 PLUS 1% OF EXCESS
BUT NOT OVER $10,000,000 OVER $6,000,000
OVER $10,000,000 BUT NOT $45,000 PLUS 1.5% OF EXCESS
OVER $15,000,000 OVER $10,000,000
OVER $15,000,000 BUT NOT $120,000 PLUS 2% OF EXCESS
OVER $20,000,000 OVER $15,000,000
OVER $20,000,000 BUT NOT $220,000 PLUS 3% OF EXCESS
OVER $25,000,000 OVER $20,000,000
OVER $25,000,000 $370,000 PLUS 4% OF EXCESS
OVER $25,000,000
4. PROPERTY SUBJECT TO ADDITIONAL TAX. SUCH TAX SHALL BE IMPOSED ON
CLASS ONE PROPERTIES, AS THAT TERM IS DEFINED IN SECTION EIGHTEEN
HUNDRED TWO OF THIS CHAPTER, EXCLUDING VACANT LAND, AND ALL OTHER RESI-
DENTIAL REAL PROPERTY HELD IN CONDOMINIUM OR COOPERATIVE FORM OF OWNER-
SHIP, THAT HAS A MARKET VALUE OF FIVE MILLION DOLLARS OR HIGHER AND IS
NOT THE PRIMARY RESIDENCE OF THE OWNER OR OWNERS OF SUCH PROPERTY, OR
THE PRIMARY RESIDENCE OF THE PARENT OR CHILD OF SUCH OWNER OR OWNERS.
5. PRIMARY RESIDENCE AND/OR RELATIONSHIP TO OWNER OR OWNERS. THE PROP-
ERTY SHALL BE DEEMED TO BE THE PRIMARY RESIDENCE OF THE OWNER OR OWNERS
THEREOF, IF SUCH PROPERTY WOULD BE ELIGIBLE TO RECEIVE THE REAL PROPERTY
TAX EXEMPTION PURSUANT TO SECTION FOUR HUNDRED TWENTY-FIVE OF THIS CHAP-
TER, REGARDLESS OF WHETHER SUCH OWNER OR OWNERS HAVE FILED AN APPLICA-
TION FOR, OR THE PROPERTY IS CURRENTLY RECEIVING SUCH EXEMPTION. PROOF
OF PRIMARY RESIDENCE AND THE RESIDENT'S OR RESIDENTS' RELATIONSHIP TO
THE OWNER OR OWNERS SHALL BE IN THE FORM OF A CERTIFICATION AS REQUIRED
BY LOCAL LAW OR THE RULES OF THE COMMISSIONER.
6. RULES. THE DEPARTMENT OF FINANCE OF ANY CITY ENACTING A LOCAL LAW
PURSUANT TO THIS SECTION SHALL HAVE, IN ADDITION TO ANY OTHER FUNCTIONS,
POWERS AND DUTIES WHICH HAVE BEEN OR MAY BE CONFERRED ON IT BY LAW, THE
POWER TO MAKE AND PROMULGATE RULES TO CARRY OUT THE PURPOSES OF THIS
SECTION INCLUDING, BUT NOT LIMITED TO, RULES RELATING THE TIMING, FORM
AND MANNER OF ANY CERTIFICATION REQUIRED TO BE SUBMITTED UNDER THIS
SECTION.
7. PENALTIES. (A) NOTWITHSTANDING ANY PROVISION OF ANY GENERAL,
SPECIAL OR LOCAL LAW TO THE CONTRARY, AN OWNER OR OWNERS SHALL BE
PERSONALLY LIABLE FOR ANY TAXES OWED PURSUANT TO THIS SECTION WHENEVER
SUCH OWNER OR OWNERS FAIL TO COMPLY WITH THIS SECTION OR THE LOCAL LAW
OR RULES PROMULGATED THEREUNDER, OR MAKES SUCH FALSE OR MISLEADING
STATEMENT OR OMISSION AND THE COMMISSIONER DETERMINES THAT SUCH ACT WAS
DUE TO THE OWNER OR OWNERS' WILLFUL NEGLECT, OR THAT UNDER SUCH CIRCUM-
STANCES SUCH ACT CONSTITUTED A FRAUD ON THE DEPARTMENT. THE REMEDY
PROVIDED HEREIN FOR AN ACTION IN PERSONAM SHALL BE IN ADDITION TO ANY
OTHER REMEDY OR PROCEDURE FOR THE ENFORCEMENT OF COLLECTION OF DELIN-
QUENT TAXES PROVIDED BY ANY GENERAL, SPECIAL OR LOCAL LAW.
(B) IF THE COMMISSIONER SHOULD DETERMINE, WITHIN THREE YEARS FROM THE
FILING OF AN APPLICATION OR CERTIFICATION PURSUANT TO THIS SECTION, THAT
THERE WAS A MATERIAL MISSTATEMENT ON SUCH APPLICATION OR CERTIFICATION,
HE OR SHE SHALL PROCEED TO IMPOSE A PENALTY TAX AGAINST THE PROPERTY OF
TEN THOUSAND DOLLARS, IN ACCORDANCE WITH THE LOCAL LAW OR RULES PROMUL-
GATED HEREUNDER.
8. CESSATION OF USE. IN THE EVENT THAT A PROPERTY GRANTED AN EXEMPTION
FROM TAXATION PURSUANT TO THIS SECTION CEASES TO BE USED AS THE PRIMARY
RESIDENCE OF SUCH OWNER OR OWNERS OR HIS, HER OR THEIR PARENT OR CHILD,
A. 3837 3
SUCH OWNER OR OWNERS SHALL SO NOTIFY THE COMMISSIONER OF FINANCE IN A
TIME, FORM AND MANNER AS SO REQUIRED BY LOCAL LAW OR THE RULES OF THE
COMMISSIONER.
§ 2. This act shall take effect immediately.