S T A T E O F N E W Y O R K
________________________________________________________________________
5744
2021-2022 Regular Sessions
I N A S S E M B L Y
February 24, 2021
___________
Introduced by M. of A. CUSICK, ABBATE, BARNWELL, BRAUNSTEIN, COLTON,
COOK, DICKENS, DINOWITZ, PHEFFER AMATO, PICHARDO, ROZIC, REILLY,
SEAWRIGHT -- read once and referred to the Committee on Real Property
Taxation
AN ACT to establish the New York city tax reform study commission, and
providing for its powers and duties
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. There is hereby established the New York city tax reform
study commission to provide the governor and the legislature with a
blueprint for reforming the local real property tax system in the city
of New York.
§ 2. The New York city tax reform study commission shall consist of 15
members as follows: the commissioner of the New York state department of
taxation and finance, or his or her designee, who shall serve as the
chairperson of the commission; three members appointed by the governor:
three members appointed by the temporary president of the senate; three
members appointed by the speaker of the assembly; two members appointed
by the mayor of the city of New York; one member appointed by the speak-
er of the city council of the city of New York; one member appointed by
the minority leader of the senate; and one member appointed by the
minority leader of the assembly. Such commission shall include at least
one member representative of each of the following: the New York city
municipal government, academia, real estate industry and a recognized
labor organization, all based in the city of New York. The commission
shall meet at least six times at the call of the chairperson.
§ 3. On or before January 1, 2023, the New York city tax reform study
commission shall provide the governor and the legislature with recommen-
dations on any changes that should be made to, at a minimum, the class
share system, assessment process and tax rate formulae utilized within
the city of New York.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01119-01-1
A. 5744 2
§ 4. To the maximum extent feasible, the state department of taxation
and finance and the department of finance of the city of New York shall
provide the commission with such facilities, assistance and data as will
enable the commission to carry out its powers and duties. Additionally,
to the maximum extent feasible, all other agencies of the state or
subdivisions thereof shall, at the request of the chairperson provide
the commission with such facilities, assistance, and data as will enable
the task force to carry out its powers and duties.
§ 5. The members of the commission shall receive no compensation for
their services, but shall be allowed their actual and necessary expenses
incurred in the performance of their duties. Such expenses of the
commission shall be paid from moneys received by the commission from
appropriations from the state. Moneys appropriated for use of the
commission by the state shall be paid out of the state treasury on the
audit and warrant of the comptroller on vouchers certified or approved
by the chairperson of the commission or by an officer or employee of the
commission designated in writing by the chairperson.
§ 6. This act shall take effect immediately.