S T A T E O F N E W Y O R K
________________________________________________________________________
6594
2017-2018 Regular Sessions
I N A S S E M B L Y
March 9, 2017
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Introduced by M. of A. CUSICK, SIMANOWITZ -- read once and referred to
the Committee on Real Property Taxation
AN ACT to establish the New York city tax reform study commission, and
providing for its powers and duties
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. There is hereby established the New York city tax reform
study commission to provide the governor and the legislature with a
blueprint for reforming the local real property tax system in the city
of New York.
§ 2. The New York city tax reform study commission shall consist of 11
members of which: three members shall be appointed by the governor,
three members shall be appointed by the temporary president of the
senate, three members shall be appointed by the speaker of the assembly
with one such member appointed upon the recommendation of the mayor of
the city of New York, one member shall be appointed by the minority
leader of the senate, and one member shall be appointed by the minority
leader of the assembly. Such commission shall have at least one member
appointed from the New York city municipal government, academia, real
estate industry and a recognized labor organization, all based in the
city of New York.
§ 3. On or before January 1, 2019, the New York city tax reform study
commission shall provide the governor and the legislature with recommen-
dations on any changes that should be made to, at a minimum, the class
share system, assessment process and tax rate formulae utilized within
the city of New York.
§ 4. The New York city tax reform study commission shall be assisted
in its powers and duties pursuant to this act by personnel employed by
state and city of New York agencies including, but not limited to, the
state department of taxation and finance and the department of finance
of the city of New York.
§ 5. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07571-02-7