Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to ways and means |
Apr 21, 2021 |
referred to ways and means |
Assembly Bill A7072
2021-2022 Legislative Session
Sponsored By
CAHILL
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
2021-A7072 (ACTIVE) - Details
- Current Committee:
- Assembly Ways And Means
- Law Section:
- General Municipal Law
- Laws Affected:
- Amd §3-c, Gen Muni L; amd §2023-a, Ed L
2021-A7072 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7072 2021-2022 Regular Sessions I N A S S E M B L Y April 21, 2021 ___________ Introduced by M. of A. CAHILL -- read once and referred to the Committee on Ways and Means AN ACT to amend the general municipal law and the education law, in relation to the formula for the real property tax cap THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "two percent is two percent property tax cap act". § 2. Paragraph (a) of subdivision 2 of section 3-c of the general municipal law, as added by section 1 of part A of chapter 97 of the laws of 2011, is amended to read as follows: (a) "Allowable levy growth factor" shall be [the lesser of: (i)] one and two one-hundredths[; or (ii) the sum of one plus the inflation factor; provided, however, that in no case shall the levy growth factor be less than one]. § 3. Paragraph a of subdivision 2 of section 2023-a of the education law, as added by section 2 of part A of chapter 97 of the laws of 2011, is amended to read as follows: a. "Allowable levy growth factor" shall be [the lesser of: (i)] one and two one-hundredths[; or (ii) the sum of one plus the inflation factor; provided, however, that in no case shall the levy growth factor be less than one]. § 4. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10739-01-1
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