Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 12, 2020 |
referred to real property taxation |
Assembly Bill A10128
2019-2020 Legislative Session
Sponsored By
CYMBROWITZ
Archive: Last Bill Status - In Assembly 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
2019-A10128 (ACTIVE) - Details
- Current Committee:
- Assembly Real Property Taxation
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §§421-a, 459-c & 467, RPT L
- Versions Introduced in 2021-2022 Legislative Session:
-
A3810
2019-A10128 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10128 I N A S S E M B L Y March 12, 2020 ___________ Introduced by M. of A. CYMBROWITZ -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to allowing addi- tional tax exemptions for certain owners of real property THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (j) of subdivision 16 of section 421-a of the real property tax law, as amended by section 3 of part TTT of chapter 59 of the laws of 2017, is amended to read as follows: (j) Concurrent exemptions or abatements. An eligible multiple dwelling receiving Affordable New York Housing Program benefits shall not receive any exemption from or abatement of real property taxation under any other law, EXCEPT EXEMPTIONS AUTHORIZED UNDER SECTION FOUR HUNDRED SIXTY-SEVEN OR SECTION FOUR HUNDRED FIFTY-NINE-C OF THIS TITLE. IF THE BENEFIT AUTHORIZED BY THIS SECTION IS HIGHER THAN THE EXEMPTION AUTHOR- IZED UNDER SECTION FOUR HUNDRED SIXTY-SEVEN OR SECTION FOUR HUNDRED FIFTY-NINE-C OF THIS TITLE, SUCH ELIGIBLE MULTIPLE DWELLING SHALL ONLY RECEIVE THE AFFORDABLE NEW YORK HOUSING PROGRAM BENEFIT, PROVIDED, HOWEVER, IF THE EXEMPTION AUTHORIZED UNDER SECTION FOUR HUNDRED SIXTY- SEVEN OR SECTION FOUR HUNDRED FIFTY-NINE-C OF THIS TITLE IS GREATER THAN THE BENEFIT AUTHORIZED UNDER THIS SECTION, SUCH ELIGIBLE MULTIPLE DWELL- ING SHALL RECEIVE THE BENEFIT AUTHORIZED UNDER THIS SECTION PLUS THE DIFFERENCE OF THE EXEMPTION AUTHORIZED UNDER SECTION FOUR HUNDRED SIXTY-SEVEN OR SECTION FOUR HUNDRED FIFTY-NINE-C OF THIS TITLE AND THE BENEFIT AUTHORIZED UNDER THIS SECTION. § 2. Subdivision 3 of section 459-c of the real property tax law, as amended by section 10 of part E of chapter 83 of the laws of 2002, is amended to read as follows: 3. Any exemption provided by this section shall be computed after all other partial exemptions allowed by law, excluding the school tax relief (STAR) exemption authorized by section four hundred twenty-five of this title, have been subtracted from the total amount assessed; provided, however, that no parcel may receive an exemption for the same municipal tax purpose pursuant to both this section and section four hundred EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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