NY State Senate Bill 2021-S5946

Archive: Last Bill Status Via A3491 - Passed Senate

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

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Actions

View Actions

Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jun 02, 2022	returned to assembly passed senate 3rd reading cal.1890 substituted for s5946b
Jun 02, 2022	substituted by a3491b ordered to third reading cal.1890 committee discharged and committed to rules
Jan 05, 2022	referred to local government
Dec 15, 2021	print number 5946b
Dec 15, 2021	amend and recommit to local government
Jun 07, 2021	print number 5946a
Jun 07, 2021	amend and recommit to local government
Mar 23, 2021	referred to local government

Votes

- Jun 2, 2022 - Floor Vote
  A3491
  
  Aye
  
  38
  
  Nay
  
  25
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  
  0
  - - Floor Vote: Jun 2, 2022
      
      aye (38)
      
      Addabbo Jr.
      
      Biaggi
      
      Breslin
      
      Brisport
      
      Brooks
      
      Brouk
      
      Cleare
      
      Cooney
      
      Felder
      
      Gianaris
      
      Gounardes
      
      Harckham
      
      Hinchey
      
      Hoylman-Sigal
      
      Jackson
      
      Jordan
      
      Kaminsky
      
      Kaplan
      
      Kavanagh
      
      Krueger
      
      Mannion
      
      May
      
      Myrie
      
      Ortt
      
      Parker
      
      Persaud
      
      Reichlin-Melnick
      
      Ritchie
      
      Rivera
      
      Ryan
      
      Salazar
      
      Sanders Jr.
      
      Savino
      
      Sepúlveda
      
      Serrano
      
      Stec
      
      Stewart-Cousins
      
      Thomas
      
      nay (25)
      
      Akshar
      
      Bailey
      
      Borrello
      
      Boyle
      
      Comrie
      
      Gallivan
      
      Gaughran
      
      Griffo
      
      Helming
      
      Kennedy
      
      Lanza
      
      Liu
      
      Martucci
      
      Mattera
      
      Mayer
      
      O'Mara
      
      Oberacker
      
      Palumbo
      
      Ramos
      
      Rath III
      
      Serino
      
      Skoufis
      
      Stavisky
      
      Tedisco
      
      Weik
  Jun 2, 2022 - Rules Committee Vote
  S5946
  
  Aye
  
  14
  
  Nay
  
  4
  
  Aye with Reservations
  
  2
  
  Absent
  
  1
  
  Excused
  
  0
  
  Abstained
  
  0
  - - Rules Committee Vote: Jun 2, 2022
      
      aye (14)
      
      Addabbo Jr.
      
      Bailey
      
      Biaggi
      
      Boyle
      
      Breslin
      
      Comrie
      
      Gianaris
      
      Krueger
      
      Ortt
      
      Parker
      
      Ritchie
      
      Savino
      
      Sepúlveda
      
      Stewart-Cousins
      
      nay (4)
      
      Gallivan
      
      Griffo
      
      Lanza
      
      Liu
      
      aye wr (2)
      
      Kennedy
      
      Mayer
      
      absent (1)
      
      O'Mara

Bill Amendments

Original

B (Active)

2021-S5946 - Details

Law Section:: Real Property Tax Law
Laws Affected:: Amd §581, RPT L; amd §339-y, RP L
Versions Introduced in Other Legislative Sessions:: 2009-2010: S255
2011-2012: S546
2013-2014: S1000
2015-2016: S618
2017-2018: S1191
2019-2020: S7057
2023-2024: S4065
2025-2026: S5460

2021-S5946 - Summary

Relates to the taxation of property owned by a cooperative corporation.

2021-S5946 - Sponsor Memo

                                
 
BILL NUMBER: S5946

SPONSOR: REICHLIN-MELNICK
 
TITLE OF BILL:

An act to amend the real property tax law and the real property law, in
relation to the taxation of property owned by a cooperative corporation

 
PURPOSE:

The purpose of this legislation is to allow municipal corporations to
value newly constructed and converted cooperative and condominium units
as they would for real property to alleviate any negative impacts placed
on the locality by the current statute.

 
SUMMARY OF PROVISIONS:

Section 1. Subdivision 1 of section 581 of the Real Property Tax Law is
amended by adding a new paragraph: (d) The provisions of paragraph

(a) of this subdivision shall not apply to real property owned or leased

by a cooperative corporation or on a condominium basis in a municipal
corporation, other than a special assessing unit, which has adopted,
prior to the taxable statue date of the assessment roll upon which its
taxes will be levied, a local law or, for a school district, a resol-
ution providing that the provisions of paragraph

(a) of this subdivision shall not apply to such real property within
that municipal corporation; provided, however, the provisions of this
paragraph shall not apply to real property owned or leased by a cooper-
ative corporation or on a condominium basis that had been previously
subject to the provisions of paragraph (a) of this subdivision prior to
January 1, 2021.

Section 2. Subdivision 1 of section 339-y of the Real Property Law is
amended by adding a new paragraph: (g) The provisions of paragraph

(b) of this subdivision shall not apply to real property owned or leased
by a cooperative corporation or on a condominium basis in a municipal
corporation other than a special assessing unit, which has adopted,
prior to the taxable status date of the assessment roll upon which its
taxes will be levied, a local law or, for a school district, a resol-
ution providing that the provisions of paragraph (b) of this subdivision
shall not apply to such real property within that municipal corporation;
provided, however, the provisions of this paragraph shall not apply to
real property owned or leased by a cooperative corporation or on a
condominium basis that had been previously subject to the provisions of
paragraph (b) of this subdivision prior to January 1, 2021.

Section 3. Establishes the effective date

 
JUSTIFICATION:

As currently written, the Real Property Tax Law and the Real Property
Law does not allow the sum of the assessments of individual cooperative
or condominium units to exceed the value of the entire complex if it was
valued as a single entity. The restriction tends to reduce condominium
and cooperative assessments by preventing the use of sales of units in
the assessment process. The Office of Real Property Services, assessors
and other local officials generally consider the restrictions an unrea-
sonable state mandate that unfairly limits the revenue-raising abilities
of local governments. Assessors and appraisers also cite the difficul-
ties they encounter when they are forced to ignore market information -
usually the best indicator of value in developing estimates of taxable
value. This bill would allow municipal corporations to value newly
constructed and converted cooperative and condominium units as they
would other real property to alleviate any negative impacts placed on
the locality by the current statute.

 
LEGISLATIVE HISTORY:

2019-20: S.7057A - Local Government 2017-18: S.1191B - Rules

2015-16: S.618A - Local Government 2013-14: S.1000A - Local Government

2011-12: S.546A - Local Government 2009-10: S. 255 - Local Government

2007-08: S. 7727 - Rules

 
FISCAL IMPLICATIONS:

None.

 
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to assessment
rolls prepared on the basis of taxable status dates occurring on or
after January 1, 2021.

2021-S5946 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5946
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                              March 23, 2021
                                ___________
 
 Introduced  by  Sen. REICHLIN-MELNICK -- 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 and the real property law,  in
   relation  to  the  taxation  of property owned by a cooperative corpo-
   ration

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision 1 of section 581 of the real property tax law
 is amended by adding a new paragraph (d) to read as follows:
   (D) THE PROVISIONS OF PARAGRAPH (A)  OF  THIS  SUBDIVISION  SHALL  NOT
 APPLY  TO  REAL PROPERTY OWNED OR LEASED BY A COOPERATIVE CORPORATION OR
 ON A CONDOMINIUM BASIS IN A MUNICIPAL CORPORATION, OTHER THAN A  SPECIAL
 ASSESSING  UNIT,  WHICH HAS ADOPTED, PRIOR TO THE TAXABLE STATUS DATE OF
 THE ASSESSMENT ROLL UPON WHICH ITS TAXES WILL BE LEVIED, A LOCAL LAW OR,
 FOR A SCHOOL DISTRICT, A RESOLUTION PROVIDING  THAT  THE  PROVISIONS  OF
 PARAGRAPH  (A) OF THIS SUBDIVISION SHALL NOT APPLY TO SUCH REAL PROPERTY
 WITHIN THAT MUNICIPAL CORPORATION; PROVIDED, HOWEVER, THE PROVISIONS  OF
 THIS  PARAGRAPH  SHALL  NOT  APPLY TO REAL PROPERTY OWNED OR LEASED BY A
 COOPERATIVE CORPORATION OR ON A CONDOMINIUM BASIS THAT HAD  BEEN  PREVI-
 OUSLY  SUBJECT  TO  THE  PROVISIONS OF PARAGRAPH (A) OF THIS SUBDIVISION
 PRIOR TO JANUARY FIRST, TWO THOUSAND TWENTY-TWO.
   § 2. Subdivision 1 of section  339-y  of  the  real  property  law  is
 amended by adding a new paragraph (g) to read as follows:
   (G)  THE  PROVISIONS  OF  PARAGRAPH  (B) OF THIS SUBDIVISION SHALL NOT
 APPLY TO REAL PROPERTY OWNED OR LEASED BY A COOPERATIVE  CORPORATION  OR
 ON  A  CONDOMINIUM BASIS IN A MUNICIPAL CORPORATION OTHER THAN A SPECIAL
 ASSESSING UNIT, WHICH HAS ADOPTED, PRIOR TO THE TAXABLE STATUS  DATE  OF
 THE ASSESSMENT ROLL UPON WHICH ITS TAXES WILL BE LEVIED, A LOCAL LAW OR,
 FOR  A  SCHOOL  DISTRICT,  A RESOLUTION PROVIDING THAT THE PROVISIONS OF
 PARAGRAPH (B) OF THIS SUBDIVISION SHALL NOT APPLY TO SUCH REAL  PROPERTY
 WITHIN  THAT MUNICIPAL CORPORATION; PROVIDED, HOWEVER, THE PROVISIONS OF
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD08115-01-1

 S. 5946                             2
 
 THIS PARAGRAPH SHALL NOT APPLY TO REAL PROPERTY OWNED  OR  LEASED  BY  A
 COOPERATIVE  CORPORATION  OR ON A CONDOMINIUM BASIS THAT HAD BEEN PREVI-
 OUSLY SUBJECT TO THE PROVISIONS OF PARAGRAPH  (B)  OF  THIS  SUBDIVISION
 PRIOR TO JANUARY FIRST, TWO THOUSAND TWENTY-TWO.
   § 3. This act shall take effect immediately and shall apply to assess-
 ment rolls prepared on the basis of taxable status dates occurring on or
 after January 1, 2022.

2021-S5946A - Details

Law Section:: Real Property Tax Law
Laws Affected:: Amd §581, RPT L; amd §339-y, RP L
Versions Introduced in Other Legislative Sessions:: 2009-2010: S255
2011-2012: S546
2013-2014: S1000
2015-2016: S618
2017-2018: S1191
2019-2020: S7057
2023-2024: S4065
2025-2026: S5460

2021-S5946A - Summary

Relates to the taxation of property owned by a cooperative corporation.

2021-S5946A - Sponsor Memo

                                
 
BILL NUMBER: S5946A

SPONSOR: REICHLIN-MELNICK
 
TITLE OF BILL:

An act to amend the real property tax law and the real property law, in
relation to the taxation of property owned by a cooperative corporation

 
PURPOSE:

The purpose of this legislation is to allow municipal corporations to
value newly constructed and converted cooperative and condominium units
as they would for real property to alleviate any negative impacts placed
on the locality by the current statute.

 
SUMMARY OF PROVISIONS:

Section 1. Subdivision 1 of section 581 of the Real Property Tax Law is
amended by adding a new paragraph: (d) The provisions of paragraph (a)
of this subdivision shall not apply to real property owned or leased by
a cooperative corporation or on a condominium basis in a municipal

corporation, other than a special assessing unit, which has adopted,
prior to the taxable statue date of the assessment roll upon which its
taxes will be levied, a local law or, for a school district, a resol-
ution providing that the provisions of paragraph (a) of this subdivision
shall not apply to such real property within that municipal corporation;
provided, however, the provisions of this paragraph shall not apply to
real property owned or leased by a cooperative corporation or on a
condominium basis that had been previously subject to the provisions of
paragraph (a) of this subdivision prior to January 1, 2022. The
provisions of this paragraph shall not apply to condos or co-ops that
are participating in an affordable housing tax credit program or has a
regulatory agreement with a federal, state, or local agency related to
affordable housing requirements.

Section 2. Subdivision 1 of section 339-y of the Real Property Law is
amended by adding a new paragraph: (g) The provisions of paragraph (b)
of this subdivision shall not apply to real property owned or leased by
a cooperative corporation or on a condominium basis in a municipal
corporation other than a special assessing unit, which has adopted,
prior to the taxable status data of the assessment roll upon which its
taxes will be levied, a local law or, for a school district, a resol-
ution providing that the provisions of paragraph (b) of this subdivision
shall not apply to such real property within that municipal corporation;
provided, however, the provisions of this paragraph shall not apply to
real property owned or leased by a cooperative corporation or on a
condominium basis that had been previously subject to the provisions of
paragraph (b) of this subdivision prior to January 1, 2022. The
provisions of this paragraph shall not apply to condos or co-ops that
are participating in an affordable housing tax credit program or has a
regulatory agreement with a federal, state, or local agency related to
affordable housing requirements.

Section 3. Establishes the effective date.

 
JUSTIFICATION:

As currently written, the Real Property Tax Law and the Real Property
Law does not allow the sum of the assessments of individual cooperative
or condominium units to exceed the value of the entire complex if it was
valued as a single entity. The restriction tends to reduce condominium
and cooperative assessments by preventing the use of sales of units in
the assessment process. The Office of Real Property Services, assessors
and other local officials generally consider the restrictions an unrea-
sonable state mandate that unfairly limits the revenue-raising abilities
of local governments. Assessors and appraisers also cite the difficul-
ties they encounter when they are forced to ignore market information -
usually the best indicator of value in developing estimates of taxable
value. This bill would allow municipal corporations to value newly
constructed and converted cooperative and condominium units as they
would other real property to alleviate any negative impacts placed on
the locality by the current statute.

 
LEGISLATIVE HISTORY:

2019-20: S.7057A - Local Government

2017-18: S.1191B - Rules

2015-16: S.618A - Local Government

2013-14: S.1000A - Local Government

2011-12: S.546A - Local Government

2009-10: S.255 - Local Government

2007-08: S.7727 - Rules

 
FISCAL IMPLICATIONS:

None.

 
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to assessment
rolls prepared on the basis of taxable status dates occurring on or
after January 1, 2021.

2021-S5946A - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5946--A
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                              March 23, 2021
                                ___________
 
 Introduced  by  Sen. REICHLIN-MELNICK -- read twice and ordered printed,
   and when printed to be committed to the Committee on Local  Government
   --  committee  discharged,  bill amended, ordered reprinted as amended
   and recommitted to said committee
 
 AN ACT to amend the real property tax law and the real property law,  in
   relation  to  the  taxation  of property owned by a cooperative corpo-
   ration
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision 1 of section 581 of the real property tax law
 is amended by adding a new paragraph (d) to read as follows:
   (D) THE PROVISIONS OF PARAGRAPH (A)  OF  THIS  SUBDIVISION  SHALL  NOT
 APPLY  TO  REAL PROPERTY OWNED OR LEASED BY A COOPERATIVE CORPORATION OR
 ON A CONDOMINIUM BASIS IN A MUNICIPAL CORPORATION, OTHER THAN A  SPECIAL
 ASSESSING  UNIT,  WHICH HAS ADOPTED, PRIOR TO THE TAXABLE STATUS DATE OF
 THE ASSESSMENT ROLL UPON WHICH ITS TAXES WILL BE LEVIED, A LOCAL LAW OR,
 FOR A SCHOOL DISTRICT, A RESOLUTION PROVIDING  THAT  THE  PROVISIONS  OF
 PARAGRAPH  (A) OF THIS SUBDIVISION SHALL NOT APPLY TO SUCH REAL PROPERTY
 WITHIN THAT MUNICIPAL CORPORATION; PROVIDED, HOWEVER, THE PROVISIONS  OF
 THIS  PARAGRAPH  SHALL  NOT  APPLY TO REAL PROPERTY OWNED OR LEASED BY A
 COOPERATIVE CORPORATION OR ON A CONDOMINIUM BASIS THAT HAD  BEEN  PREVI-
 OUSLY  SUBJECT  TO  THE  PROVISIONS OF PARAGRAPH (A) OF THIS SUBDIVISION
 PRIOR TO JANUARY  FIRST,  TWO  THOUSAND  TWENTY-TWO;  PROVIDED  FURTHER,
 HOWEVER,  THE PROVISIONS OF THIS PARAGRAPH SHALL NOT APPLY TO REAL PROP-
 ERTY OWNED OR LEASED BY A COOPERATIVE CORPORATION OR  ON  A  CONDOMINIUM
 BASIS  THAT IS PARTICIPATING IN AN AFFORDABLE HOUSING TAX CREDIT PROGRAM
 OR HAS A REGULATORY AGREEMENT WITH A FEDERAL,  STATE,  OR  LOCAL  AGENCY
 RELATED TO AFFORDABLE HOUSING REQUIREMENTS.
   §  2.  Subdivision  1  of  section  339-y  of the real property law is
 amended by adding a new paragraph (g) to read as follows:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08115-03-1

 S. 5946--A                          2
 
   (G) THE PROVISIONS OF PARAGRAPH (B)  OF  THIS  SUBDIVISION  SHALL  NOT
 APPLY  TO  REAL PROPERTY OWNED OR LEASED BY A COOPERATIVE CORPORATION OR
 ON A CONDOMINIUM BASIS IN A MUNICIPAL CORPORATION OTHER THAN  A  SPECIAL
 ASSESSING  UNIT,  WHICH HAS ADOPTED, PRIOR TO THE TAXABLE STATUS DATE OF
 THE ASSESSMENT ROLL UPON WHICH ITS TAXES WILL BE LEVIED, A LOCAL LAW OR,
 FOR  A  SCHOOL  DISTRICT,  A RESOLUTION PROVIDING THAT THE PROVISIONS OF
 PARAGRAPH (B) OF THIS SUBDIVISION SHALL NOT APPLY TO SUCH REAL  PROPERTY
 WITHIN  THAT MUNICIPAL CORPORATION; PROVIDED, HOWEVER, THE PROVISIONS OF
 THIS PARAGRAPH SHALL NOT APPLY TO REAL PROPERTY OWNED  OR  LEASED  BY  A
 COOPERATIVE  CORPORATION  OR ON A CONDOMINIUM BASIS THAT HAD BEEN PREVI-
 OUSLY SUBJECT TO THE PROVISIONS OF PARAGRAPH  (B)  OF  THIS  SUBDIVISION
 PRIOR  TO  JANUARY  FIRST,  TWO  THOUSAND  TWENTY-TWO; PROVIDED FURTHER,
 HOWEVER, THE PROVISIONS OF THIS PARAGRAPH SHALL NOT APPLY TO REAL  PROP-
 ERTY  OWNED  OR  LEASED BY A COOPERATIVE CORPORATION OR ON A CONDOMINIUM
 BASIS THAT IS PARTICIPATING IN AN AFFORDABLE HOUSING TAX CREDIT  PROGRAM
 OR  HAS  A  REGULATORY  AGREEMENT WITH A FEDERAL, STATE, OR LOCAL AGENCY
 RELATED TO AFFORDABLE HOUSING REQUIREMENTS.
   § 3. This act shall take effect immediately and shall apply to assess-
 ment rolls prepared on the basis of taxable status dates occurring on or
 after January 1, 2022.

2021-S5946B (ACTIVE) - Details

Law Section:: Real Property Tax Law
Laws Affected:: Amd §581, RPT L; amd §339-y, RP L
Versions Introduced in Other Legislative Sessions:: 2009-2010: S255
2011-2012: S546
2013-2014: S1000
2015-2016: S618
2017-2018: S1191
2019-2020: S7057
2023-2024: S4065
2025-2026: S5460

2021-S5946B (ACTIVE) - Summary

Relates to the taxation of property owned by a cooperative corporation.

2021-S5946B (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S5946B

SPONSOR: REICHLIN-MELNICK
 
TITLE OF BILL:

An act to amend the real property tax law and the real property law, in
relation to the taxation of property owned by a cooperative corporation

 
PURPOSE:

The purpose of this legislation is to allow municipal corporations to
value newly constructed and converted cooperative and condominium units
as they would for real property to alleviate any negative impacts placed
on the locality by the current statute.

 
SUMMARY OF PROVISIONS:

Section 1. Subdivision 1 of section 581 of the Real Property Tax Law is
amended by adding a new paragraph: (d) The provisions of paragraph

(a) of this subdivision shall not apply to real property owned or leased
by a cooperative corporation or on a condominium basis in a municipal

corporation, other than a special assessing unit, which has adopted,
prior to the taxable statue date of the assessment roll upon which its
taxes will be levied, a local law or, for a school district, a resol-
ution providing that the provisions of paragraph (a) of this subdivision
shall not apply to such real property within that municipal corporation;
provided, however, the provisions of this paragraph shall not apply to
real property owned or leased by a cooperative corporation or on a
condominium basis that had been previously subject to the provisions of
paragraph (a) of this subdivision prior to January 1, 2023. The
provisions of this paragraph shall not apply to condos or co-ops that
are participating in an affordable housing tax credit program or has a
regulatory agreement with a federal, state, or local agency related to
affordable housing requirements.

Section 2. Subdivision 1 of section 339-y of the Real Property Law is
amended by adding a new paragraph: (g) The provisions of paragraph (b)
of this subdivision shall not apply to real property owned or leased by
a cooperative corporation or on a condominium basis in a municipal
corporation other than a special assessing unit, which has adopted,
prior to the taxable status data of the assessment roll upon which its
taxes will be levied, a local law or, for a school district, a resol-
ution providing that the provisions of paragraph (b) of this subdivision
shall not apply to such real property within that municipal corporation;
provided, however, the provisions of this paragraph shall not apply to
real property owned or leased by a cooperative corporation or on a
condominium basis that had been previously subject to the provisions of
paragraph (b) of this subdivision prior to January 1, 2023. The
provisions of this paragraph shall not apply to condos or co-ops that
are participating in an affordable housing tax credit program or has a
regulatory agreement with a federal, state, or local agency related to
affordable housing requirements.

Section 3. Establishes the effective date.

 
JUSTIFICATION:


As currently written, the Real Property Tax Law and the Real Property
Law does not allow the sum of the assessments of individual cooperative
or condominium units to exceed the value of the entire complex if it was
valued as a single entity. The restriction tends to reduce condominium
and cooperative assessments by preventing the use of sales of units in
the assessment process. The Office of Real Property Services, assessors
and other local officials generally consider the restrictions an unrea-
sonable state mandate that unfairly limits the revenue-raising abilities
of local governments. Assessors and appraisers also cite the difficul-
ties they encounter when they are forced to ignore market information -
usually the best indicator of value in developing estimates of taxable
value. This bill would allow municipal corporations to value newly
constructed and converted cooperative and condominium units as they
would other real property to alleviate any negative impacts placed on
the locality by the current statute.

 
LEGISLATIVE HISTORY:

2019-20: S.7057A - Local Government

2017-18: S.1191B - Rules

2015-16: S.618A - Local Government

2013-14: S.1000A - Local Government

2011-12: S.546A - Local Government

2009-10: S. 255 - Local Government

2007-08: S. 7727 - Rules

 
FISCAL IMPLICATIONS:

None.

 
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to assessment
rolls prepared on the basis of taxable status dates occurring on or
after January 1, 2023.

2021-S5946B (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5946--B
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                              March 23, 2021
                                ___________
 
 Introduced  by  Sen. REICHLIN-MELNICK -- read twice and ordered printed,
   and when printed to be committed to the Committee on Local  Government
   --  committee  discharged,  bill amended, ordered reprinted as amended
   and recommitted  to  said  committee  --  committee  discharged,  bill
   amended,  ordered reprinted as amended and recommitted to said commit-
   tee
 
 AN ACT to amend the real property tax law and the real property law,  in
   relation  to  the  taxation  of property owned by a cooperative corpo-
   ration
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision 1 of section 581 of the real property tax law
 is amended by adding a new paragraph (d) to read as follows:
   (D) THE PROVISIONS OF PARAGRAPH (A)  OF  THIS  SUBDIVISION  SHALL  NOT
 APPLY  TO  REAL PROPERTY OWNED OR LEASED BY A COOPERATIVE CORPORATION OR
 ON A CONDOMINIUM BASIS IN A MUNICIPAL CORPORATION, OTHER THAN A  SPECIAL
 ASSESSING  UNIT,  WHICH HAS ADOPTED, PRIOR TO THE TAXABLE STATUS DATE OF
 THE ASSESSMENT ROLL UPON WHICH ITS TAXES WILL BE LEVIED, A LOCAL LAW OR,
 FOR A SCHOOL DISTRICT, A RESOLUTION PROVIDING  THAT  THE  PROVISIONS  OF
 PARAGRAPH  (A) OF THIS SUBDIVISION SHALL NOT APPLY TO SUCH REAL PROPERTY
 WITHIN THAT MUNICIPAL CORPORATION; PROVIDED, HOWEVER, THE PROVISIONS  OF
 THIS  PARAGRAPH  SHALL  NOT  APPLY TO REAL PROPERTY OWNED OR LEASED BY A
 COOPERATIVE CORPORATION OR ON A CONDOMINIUM BASIS THAT HAD  BEEN  PREVI-
 OUSLY  SUBJECT  TO  THE  PROVISIONS OF PARAGRAPH (A) OF THIS SUBDIVISION
 PRIOR TO JANUARY FIRST, TWO  THOUSAND  TWENTY-THREE;  PROVIDED  FURTHER,
 HOWEVER,  THE PROVISIONS OF THIS PARAGRAPH SHALL NOT APPLY TO REAL PROP-
 ERTY OWNED OR LEASED BY A COOPERATIVE CORPORATION OR  ON  A  CONDOMINIUM
 BASIS  THAT IS PARTICIPATING IN AN AFFORDABLE HOUSING TAX CREDIT PROGRAM
 OR HAS A REGULATORY AGREEMENT WITH A FEDERAL,  STATE,  OR  LOCAL  AGENCY
 RELATED TO AFFORDABLE HOUSING REQUIREMENTS.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08115-05-1
 S. 5946--B                          2

 
   §  2.  Subdivision  1  of  section  339-y  of the real property law is
 amended by adding a new paragraph (g) to read as follows:
   (G)  THE  PROVISIONS  OF  PARAGRAPH  (B) OF THIS SUBDIVISION SHALL NOT
 APPLY TO REAL PROPERTY OWNED OR LEASED BY A COOPERATIVE  CORPORATION  OR
 ON  A  CONDOMINIUM BASIS IN A MUNICIPAL CORPORATION OTHER THAN A SPECIAL
 ASSESSING UNIT, WHICH HAS ADOPTED, PRIOR TO THE TAXABLE STATUS  DATE  OF
 THE ASSESSMENT ROLL UPON WHICH ITS TAXES WILL BE LEVIED, A LOCAL LAW OR,
 FOR  A  SCHOOL  DISTRICT,  A RESOLUTION PROVIDING THAT THE PROVISIONS OF
 PARAGRAPH (B) OF THIS SUBDIVISION SHALL NOT APPLY TO SUCH REAL  PROPERTY
 WITHIN  THAT MUNICIPAL CORPORATION; PROVIDED, HOWEVER, THE PROVISIONS OF
 THIS PARAGRAPH SHALL NOT APPLY TO REAL PROPERTY OWNED  OR  LEASED  BY  A
 COOPERATIVE  CORPORATION  OR ON A CONDOMINIUM BASIS THAT HAD BEEN PREVI-
 OUSLY SUBJECT TO THE PROVISIONS OF PARAGRAPH  (B)  OF  THIS  SUBDIVISION
 PRIOR  TO  JANUARY  FIRST,  TWO THOUSAND TWENTY-THREE; PROVIDED FURTHER,
 HOWEVER, THE PROVISIONS OF THIS PARAGRAPH SHALL NOT APPLY TO REAL  PROP-
 ERTY  OWNED  OR  LEASED BY A COOPERATIVE CORPORATION OR ON A CONDOMINIUM
 BASIS THAT IS PARTICIPATING IN AN AFFORDABLE HOUSING TAX CREDIT  PROGRAM
 OR  HAS  A  REGULATORY  AGREEMENT WITH A FEDERAL, STATE, OR LOCAL AGENCY
 RELATED TO AFFORDABLE HOUSING REQUIREMENTS.
   § 3. This act shall take effect immediately and shall apply to assess-
 ment rolls prepared on the basis of taxable status dates occurring on or
 after January 1, 2023.

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Archive: Last Bill Status Via A3491 - Passed Senate

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Elijah Reichlin-Melnick

Archive: Last Bill Status Via A3491 - Passed Senate

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