Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 23, 2023 |
signed chap.347 |
Aug 11, 2023 |
delivered to governor |
Jun 09, 2023 |
returned to senate passed assembly ordered to third reading rules cal.751 substituted for a3327a |
Jun 05, 2023 |
referred to ways and means delivered to assembly passed senate |
May 30, 2023 |
ordered to third reading cal.1436 committee discharged and committed to rules |
May 23, 2023 |
referred to local government |
Senate Bill S7400
Signed By Governor2023-2024 Legislative Session
Sponsored By
(D) 26th Senate District
Current Bill Status - Signed by Governor
- 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
2023-S7400 (ACTIVE) - Details
2023-S7400 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7400 SPONSOR: GOUNARDES TITLE OF BILL: An act to amend the real property tax law, in relation to the determi- nation of adjusted base proportions in special assessing units which are cities SUMMARY OF PROVISIONS:: This bill would amend section 1803-a of the Real Property Tax Law to allow the local legislative body to amend the cap on ,the maximum class growth rate as long as it does not exceed 5 percent for fiscal year 2023. JUSTIFICATION:: State law requires New York City to adopt class shares based on rates calculated by the State Board of Real Property Services (SBRPS) in order to distribute the tax levy among the four classes of real property. In most years the State Board's class equalization rates cause the tax
2023-S7400 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7400 2023-2024 Regular Sessions I N S E N A T E May 23, 2023 ___________ Introduced by Sen. GOUNARDES -- 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 the determi- nation of adjusted base proportions in special assessing units which are cities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 1803-a of the real property tax law is amended by adding a new paragraph (ll) to read as follows: (LL) NOTWITHSTANDING THE PROVISIONS OF PARAGRAPH (C) OF THIS SUBDIVI- SION TO THE CONTRARY, IN A SPECIAL ASSESSING UNIT WHICH IS A CITY AND FOR CURRENT BASE PROPORTIONS TO BE DETERMINED IN SUCH SPECIAL ASSESSING UNIT'S FISCAL YEAR TWO THOUSAND TWENTY-FOUR, THE PERCENT INCREASE OF THE CURRENT BASE PROPORTION OF ANY CLASS OVER THE ADJUSTED BASE PROPORTION OR ADJUSTED PROPORTIONS, WHICHEVER IS APPROPRIATE, OF THE IMMEDIATELY PRECEDING YEAR SHALL BE DETERMINED BY THE LOCAL LEGISLATIVE BODY OF SUCH SPECIAL ASSESSING UNIT, PROVIDED THAT SUCH PERCENT INCREASE SHALL BE NO MORE THAN FIVE PERCENT, AND PROVIDED FURTHER, THAT THE LOCAL LEGISLATIVE BODY SHALL MAKE SUCH DETERMINATION BY NOVEMBER FIRST, TWO THOUSAND TWEN- TY-THREE. § 2. In the event the special assessing unit which is a city has sent out real property tax bills for its fiscal year 2024 before this act shall have become a law, the city shall take such actions as are neces- sary, consistent with applicable state and local law, to effect the provisions of section one of this act, including, but not limited to, revising the current base proportions and adjusted base proportions, resetting the real property tax rates and sending amended real property tax bills. Provided, however, that nothing in this act shall be deemed to affect the obligation of any taxpayer with respect to the payment of any installment of real property tax for such fiscal year which was due and payable prior to the date such amended real property tax bills are EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01623-03-3
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