Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 29, 2017 |
signed chap.72 delivered to governor |
Jun 21, 2017 |
returned to assembly passed senate 3rd reading cal.2223 substituted for s6626 |
Jun 21, 2017 |
substituted by a8323 ordered to third reading cal.2223 |
Jun 07, 2017 |
referred to rules |
Senate Bill S6626
Signed By Governor2017-2018 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status Via A8323 - Signed by Governor
- 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
Votes
2017-S6626 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8323
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §1803-a, RPT L
2017-S6626 (ACTIVE) - Summary
Relates to the determination of adjusted base proportions in special assessing units which are cities; provides that the current base proportion of any class shall not exceed the adjusted base proportion or adjusted proportion, whichever is appropriate, of the immediately preceding year.
2017-S6626 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6626 TITLE OF BILL : An act to amend the real property tax law, in relation to the determination of adjusted base proportions in special assessing units which are cities for the fiscal year two thousand eighteen PURPOSE OR GENERAL IDEA OF BILL : To cap the maximum class growth rate for class shares in New York City at zero percent for fiscal year 2018. SUMMARY OF PROVISIONS : Section 1 of the bill would amend Section 1803-a of the Real Property Tax Law to provide that in New York City for fiscal year 2018 the current base proportion of any class shall not exceed the adjusted base proportion or base proportion, whichever is appropriate, of the immediately preceding year. It further provides that the computation for the current base proportion shall be limited to a 0% increase and the City Council shall adjust all remaining classes so that the sum of the current base proportions equals one. Section 2 of the bill would authorize the City to take such actions as are necessary to effect the provisions of Section one, including, but not limited to revising the current base proportions and adjusted base
2017-S6626 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6626 2017-2018 Regular Sessions I N S E N A T E June 7, 2017 ___________ Introduced by Sen. GOLDEN -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the real property tax law, in relation to the determi- nation of adjusted base proportions in special assessing units which are cities for the fiscal year two thousand eighteen THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 1803-a of the real property tax law is amended by adding a new paragraph (cc) to read as follows: (CC) NOTWITHSTANDING THE PROVISIONS OF PARAGRAPH (C) OF THIS SUBDIVI- SION TO THE CONTRARY, IN A SPECIAL ASSESSING UNIT WHICH IS A CITY AND FOR CURRENT BASE PROPORTIONS TO BE DETERMINED IN SUCH SPECIAL ASSESSING UNIT'S FISCAL YEAR TWO THOUSAND EIGHTEEN, THE CURRENT BASE PROPORTION OF ANY CLASS SHALL NOT EXCEED THE ADJUSTED BASE PROPORTION OR ADJUSTED PROPORTION, WHICHEVER IS APPROPRIATE, OF THE IMMEDIATELY PRECEDING YEAR. WHERE THE COMPUTATION PERFORMED PURSUANT TO PARAGRAPH (B) OF THIS SUBDI- VISION WOULD OTHERWISE PRODUCE SUCH RESULT, THE CURRENT BASE PROPORTION OF SUCH CLASS OR CLASSES SHALL BE LIMITED TO A ZERO PERCENT INCREASE AND THE LEGISLATIVE BODY OF SUCH SPECIAL ASSESSING UNIT SHALL ALTER THE CURRENT BASE PROPORTION OF ANY OR ALL REMAINING CLASSES SO THAT THE SUM OF THE CURRENT BASE PROPORTIONS EQUALS ONE. § 2. In the event the special assessing unit which is a city has sent out real property tax bills for its fiscal year 2018 before this act shall have become a law, the city shall take such actions as are neces- sary, consistent with applicable state and local law, to effect the provisions of section one of this act, including, but not limited to, revising the current base proportions and adjusted base proportions, resetting the real property tax rates and sending amended real property tax bills. Provided, however, that nothing herein shall be deemed to affect the obligation of any taxpayer with respect to the payment of any installment of real property tax for such fiscal year which was due and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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