Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 24, 2022 |
print number 7140a |
Jan 24, 2022 |
amend and recommit to local government |
Jan 05, 2022 |
referred to local government |
Jun 02, 2021 |
referred to rules |
Senate Bill S7140A
2021-2022 Legislative Session
Sponsored By
(D) 10th Senate District
Archive: Last Bill Status - In Senate Committee Local Government 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
Bill Amendments
2021-S7140 - Details
- See Assembly Version of this Bill:
- A3490
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §306, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
A9038
2013-2014: A1834
2015-2016: A4375
2017-2018: A2873
2019-2020: A2790
2023-2024: S6258, A1293
2021-S7140 - Sponsor Memo
BILL NUMBER: S7140 SPONSOR: SANDERS PURPOSE OR GENERAL IDEA OF BILL: The purpose of this legislation is to require every assessing unit to conduct a revaluation of assessment at least once every eight years. SUMMARY OF PROVISIONS: SECTION 1. The Real Property Tax Law is amended by adding a new section 306, which states that every assessing unit shall conduct a revaluation of assessments in its jurisdiction at least once every eight year. SECTION 2. Establishes the effective date. DIFFERENCE BETWEEN ORIGINAL AND AMENDED VERSION (IF APPLICABLE): The effective date was changed from January 1, 2025 to January 1, 2026. JUSTIFICATION: Currently, in New York State, assessing units are not required to conduct cyclical reassessments. As a result, reassessment activity is
2021-S7140 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7140 2021-2022 Regular Sessions I N S E N A T E June 2, 2021 ___________ Introduced by Sen. SANDERS -- 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 requiring every assessing unit to conduct a revaluation of assessment at least every eight years 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 306 to read as follows: § 306. ASSESSMENT CYCLE. EVERY ASSESSING UNIT SHALL CONDUCT A REVALU- ATION OF ASSESSMENTS IN ITS JURISDICTION AT LEAST ONCE EVERY EIGHTH YEAR. § 2. This act shall take effect January 1, 2025 and shall be applica- ble to final assessment rolls filed on and after such date. Effective immediately, the addition, amendment and/or repeal of any rule or regu- lation necessary for the implementation of this act on its effective date are authorized to be made and completed on or before such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08120-02-1
co-Sponsors
(D, WF) 40th Senate District
2021-S7140A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A3490
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §306, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
A9038
2013-2014: A1834
2015-2016: A4375
2017-2018: A2873
2019-2020: A2790
2023-2024: S6258, A1293
2021-S7140A (ACTIVE) - Sponsor Memo
BILL NUMBER: S7140A SPONSOR: SANDERS TITLE OF BILL: An act to amend the real property tax law, in relation to requiring every assessing unit to conduct a revaluation of assessment at least every eight years PURPOSE OR GENERAL IDEA OF BILL: The purpose of this legislation is to require every assessing unit to conduct a revaluation of assessment at least once every eight years. SUMMARY OF PROVISIONS: SECTION 1. The Real Property Tax Law is amended by adding a new section 306, which states that every assessing unit shall conduct a revaluation of assessments in its jurisdiction at least once every eight year. SECTION 2. Establishes the effective date.
2021-S7140A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7140--A 2021-2022 Regular Sessions I N S E N A T E June 2, 2021 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Rules -- recommitted to the Committee on Local Government in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to requiring every assessing unit to conduct a revaluation of assessment at least every eight years 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 306 to read as follows: § 306. ASSESSMENT CYCLE. EVERY ASSESSING UNIT SHALL CONDUCT A REVALU- ATION OF ASSESSMENTS IN ITS JURISDICTION AT LEAST ONCE EVERY EIGHTH YEAR. § 2. This act shall take effect January 1, 2026 and shall be applica- ble to final assessment rolls filed on and after such date. Effective immediately, the addition, amendment and/or repeal of any rule or regu- lation necessary for the implementation of this act on its effective date are authorized to be made and completed on or before such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08120-04-1
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