senate Bill S1487

2017-2018 Legislative Session

Increases the average assessed value threshold

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (15)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2018 committed to rules
Mar 26, 2018 amended on third reading (t) 1487a
Jan 30, 2018 advanced to third reading
Jan 29, 2018 2nd report cal.
Jan 23, 2018 1st report cal.264
Jan 03, 2018 referred to local government
returned to senate
died in assembly
Jun 19, 2017 referred to real property taxation
delivered to assembly
passed senate
Mar 01, 2017 advanced to third reading
Feb 28, 2017 2nd report cal.
Feb 14, 2017 1st report cal.226
Jan 09, 2017 referred to local government

Votes

view votes

Jan 23, 2018 - Local Government committee Vote

S1487
9
0
committee
9
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Local Government committee vote details

Local Government Committee Vote: Jan 23, 2018

Feb 14, 2017 - Local Government committee Vote

S1487
9
0
committee
9
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Local Government committee vote details

Local Government Committee Vote: Feb 14, 2017

Co-Sponsors

S1487 - Details

Current Committee:
Senate Rules
Law Section:
Real Property Tax Law
Laws Affected:
Amd §489, RPT L
Versions Introduced in Other Legislative Sessions:
2013-2014: S6362
2015-2016: S1125
2019-2020: S3985

S1487 - Summary

Increases the average assessed value threshold; relates to the eligibility of J-51 tax abatements to reflect cost of living adjustments.

S1487 - Sponsor Memo

S1487 - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1487

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                             January 9, 2017
                               ___________

Introduced by Sens. AVELLA, KLEIN -- read twice and ordered printed, and
  when printed to be committed to the Committee on Local Government

AN  ACT to amend the real property tax law, in relation to the eligibil-
  ity for J-51 tax abatements to reflect cost of living adjustments

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subparagraph  (iv)  of paragraph (c) of subdivision 17 of
section 489 of the real property tax law, as added by chapter 388 of the
laws of 2016, is amended to read as follows:
  (iv) Notwithstanding anything to the contrary  contained  herein,  the
assessed  value  limitation  shall  not at any time exceed [thirty-five]
FORTY thousand dollars.
  § 2. This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07089-01-7

Co-Sponsors

S1487A (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Real Property Tax Law
Laws Affected:
Amd §489, RPT L
Versions Introduced in Other Legislative Sessions:
2013-2014: S6362
2015-2016: S1125
2019-2020: S3985

S1487A (ACTIVE) - Summary

Increases the average assessed value threshold; relates to the eligibility of J-51 tax abatements to reflect cost of living adjustments.

S1487A (ACTIVE) - Sponsor Memo

S1487A (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 1487--A
    Cal. No. 264

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                             January 9, 2017
                               ___________

Introduced by Sens. AVELLA, KLEIN -- read twice and ordered printed, and
  when  printed  to be committed to the Committee on Local Government --
  recommitted to the Committee on Local Government  in  accordance  with
  Senate  Rule  6,  sec.  8  --  reported favorably from said committee,
  ordered to first and  second  report,  ordered  to  a  third  reading,
  amended  and  ordered  reprinted,  retaining its place in the order of
  third reading

AN ACT to amend the administrative code of the city of New York and  the
  real  property tax law, in relation to increasing the average assessed
  value threshold; and to amend the real property tax law,  in  relation
  to  the  eligibility for J-51 tax abatements to reflect cost of living
  adjustments

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subparagraph  (ii)  of  paragraph  3  of subdivision d of
section 11-243 of the administrative code of the city of  New  York,  as
amended  by  local  law  number  49 of the city of New York for the year
1993, is amended to read as follows:
  (ii) is owned as a condominium and is occupied  as  the  residence  or
home  of  three  or  more  families  living independently of each other;
provided, however, that, in addition to all other conditions  of  eligi-
bility  for  the benefits of this section, except for multiple dwellings
in which units have been newly created by substantial rehabilitation  of
vacant buildings or conversions of non-residential buildings, the avail-
ability  of  benefits  under  this  section for such multiple dwellings,
buildings or structures shall  be  conditioned  on  the  following:  (a)
alterations  or  improvements  to  at least one building-wide system are
part of the application for benefits, and (b) (i) the assessed valuation
of such multiple dwelling, building, or structure, including land, shall
not exceed an average of [thirty] FIFTY thousand  dollars  per  dwelling
unit at the time of the commencement of the alterations or improvements,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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