|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Oct 25, 2019||signed chap.415|
delivered to governor
|Jun 19, 2019||returned to assembly|
3rd reading cal.1792
substituted for s6324
|Jun 19, 2019||substituted by a8138|
ordered to third reading cal.1792
|Jun 05, 2019||referred to rules|
senate Bill S6324Signed By Governor
Archive: Last Bill Status Via A8138 - Signed by Governor
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
S6324 (ACTIVE) - Details
- See Assembly Version of this Bill:
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §1803-a, RPT L
S6324 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6324 SPONSOR: GOUNARDES 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 SUMMARY OF PROVISIONS: This bill would amend section 1803-a of the Real Property Tax Law to cap the maximum class growth rate at zero percent for fiscal year 2020. JUSTIFICATION: State law requires New York City to adopt class shares based on rates calculated by the State Board of Real Property Services (SBRPS) in order to distribute the tax levy among the four classes of real property. This year, the State Board's class equalization rates would cause the tax burden on property tax class one (comprised of one-, two, and three-fa- mily homes) to increase, as it has done over the past several years.
S6324 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6324 2019-2020 Regular Sessions I N S E N A T E June 5, 2019 ___________ Introduced by Sen. GOUNARDES -- 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 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 (gg) to read as follows: (GG) 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 TWENTY, 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 THE COMPUTATION PERFORMED PURSUANT TO PARAGRAPH (B) OF THIS SUBDIVISION 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 2020 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 in this act 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 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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