Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 02, 2022 |
returned to senate passed assembly ordered to third reading rules cal.658 substituted for a10488 |
Jun 01, 2022 |
referred to ways and means delivered to assembly passed senate |
May 31, 2022 |
ordered to third reading cal.1729 committee discharged and committed to rules |
May 25, 2022 |
referred to local government |
Senate Bill S9413
2021-2022 Legislative Session
Sponsored By
(D, WF) 35th Senate District
Archive: Last Bill Status - Passed Senate & Assembly
- 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
Votes
2021-S9413 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10488
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §581, RPT L; amd §339-y, RP L
2021-S9413 (ACTIVE) - Sponsor Memo
BILL NUMBER: S9413 REVISED 5/27/22 SPONSOR: STEWART-COUSINS 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: This bill allows the Town of Greenburgh, in Westchester County, to adopt a local law to allow the Town to consider the sum of the assessments of individual cooperative or condominium units to exceed the value of the entire cooperative or condominium complex if valued as a single entity. SUMMARY OF PROVISIONS: Section one: Adds paragraph (g) to subdivision one of section 581 of the Real Property Tax Law to authorize the Town of Greenburgh to pass a local law to exclude the Town from the section's provisions related to the sum of the assessments of individual cooperative or condominium units.
2021-S9413 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9413 I N S E N A T E May 25, 2022 ___________ Introduced by Sen. STEWART-COUSINS -- 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 THE TOWN OF GREENBURGH, IN WESTCHESTER COUNTY, WHICH HAS ADOPTED, PRIOR TO THE TAXABLE STATUS DATE OF THE ASSESSMENT ROLL UPON WHICH ITS TAXES WILL BE LEVIED, A LOCAL LAW PROVIDING THAT THE PROVISIONS OF PARAGRAPH (A) OF THIS SUBDIVISION SHALL NOT APPLY TO SUCH REAL PROPERTY WITHIN SUCH TOWN; 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. § 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 THE TOWN OF GREENBURGH, IN WESTCHESTER COUNTY, WHICH HAS ADOPTED, PRIOR TO THE TAXABLE STATUS DATE OF THE ASSESSMENT ROLL UPON WHICH ITS TAXES WILL BE LEVIED, A LOCAL LAW PROVIDING THAT THE PROVISIONS OF PARAGRAPH (B) OF THIS SUBDIVISION SHALL NOT APPLY TO SUCH REAL PROPERTY WITHIN SUCH TOWN; PROVIDED, HOWEVER, THE PROVISIONS OF EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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