|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 05, 2022||referred to local government|
|Feb 02, 2021||referred to local government|
senate Bill S4199
Current Bill Status - In Senate Committee Local Government Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4199 (ACTIVE) - Details
S4199 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4199 SPONSOR: HOYLMAN PURPOSE OF BILL: The purpose of this legislation is to allow New York City to administer an additional tax on certain high value non-primary residences' within the city. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill amends the Real Property Tax Law by adding a new section 307-b, authorizing cities with a population of one million or more to enact a local law imposing an additional tax on certain non-pri- mary residences. * Sec. 307-b(1): authorizes the adoption of a local law by a city with a population of one million or more in accordance with the provisions of the rest of the section of law. * Sec. 307-b(2): defines terms used throughout the section of law.
S4199 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4199 2021-2022 Regular Sessions I N S E N A T E February 2, 2021 ___________ Introduced by Sens. HOYLMAN, BAILEY, BIAGGI, GIANARIS, JACKSON, KAVANAGH, KRUEGER, LIU, MAY, MYRIE, RAMOS, RIVERA, SALAZAR, SANDERS, SEPULVEDA, SERRANO, STAVISKY -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to imposing an additional tax on certain non-primary residence class one and class two properties in a city with a population of one million or more THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 307-b to read as follows: § 307-B. ADDITIONAL TAX ON CERTAIN NON-PRIMARY RESIDENCE PROPERTIES IN A CITY WITH A POPULATION OF ONE MILLION OR MORE. 1. GENERALLY. NOTWITH- STANDING ANY PROVISION OF ANY GENERAL, SPECIFIC OR LOCAL LAW TO THE CONTRARY, ANY CITY WITH A POPULATION OF ONE MILLION OR MORE IS HEREBY AUTHORIZED AND EMPOWERED TO ADOPT AND AMEND LOCAL LAWS IN ACCORDANCE WITH THIS SECTION IMPOSING AN ADDITIONAL TAX ON CERTAIN RESIDENTIAL PROPERTIES AND DWELLING UNITS. 2. DEFINITIONS. AS USED IN THIS SECTION: (A) "ASSESSED VALUE" MEANS THE DETERMINATION MADE BY THE ASSESSORS OF A CITY HAVING A POPULATION OF ONE MILLION OR MORE OF THE VALUATION OF REAL PROPERTY. (B) "ASSESSED VALUE ATTRIBUTABLE TO A TENANT-STOCKHOLDER" MEANS THE PROPORTION OF THE ASSESSED VALUE OF REAL PROPERTY OWNED BY A COOPERATIVE APARTMENT CORPORATION, REPRESENTED BY A TENANT-STOCKHOLDER'S SHARE OR SHARES OF STOCK IN SUCH CORPORATION AS DETERMINED BY ITS OR THEIR PROPORTIONAL RELATIONSHIP TO THE TOTAL OUTSTANDING STOCK OF THE CORPO- RATION, INCLUDING THAT OWNED BY THE CORPORATION. (C) "COMMISSIONER OF FINANCE" MEANS THE COMMISSIONER OF FINANCE OF A CITY HAVING A POPULATION OF ONE MILLION OR MORE, OR HIS OR HER DESIGNEE. (D) "DEPARTMENT OF FINANCE" MEANS THE DEPARTMENT OF FINANCE OF A CITY HAVING A POPULATION OF ONE MILLION OR MORE. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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