Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to local government |
Jan 10, 2017 |
referred to local government |
Senate Bill S1707
2017-2018 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Local Government 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
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
2017-S1707 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A3799
- Current Committee:
- Senate Local Government
- 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-S1707 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1707 TITLE OF BILL : An act to amend the general municipal law and the education law, in relation to the formula for the real property tax cap PURPOSE : This bill would allow municipalities and school districts to only be subject to a two percent property tax cap. SUMMARY OF PROVISIONS : Section 1 entitles this bill as the "two percent is two percent property tax cap act". Section 2 amends paragraph 1 of subdivision 2 of section 3-c of the general municipal law to remove language that ties the allowable levy growth to the rate of inflation and allows municipalities to only be subject to a two percent allowable levy growth limit. Section 3 amends paragraph a of subdivision 2 of section 2023-a of the education law to remove language that ties the allowable levy growth to the rate of inflation and allows school districts to only be subject to a two percent allowable levy growth limit.
2017-S1707 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1707 2017-2018 Regular Sessions I N S E N A T E January 10, 2017 ___________ Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government 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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