Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 06, 2016 |
referred to local government |
May 20, 2015 |
referred to local government |
Senate Bill S5622
2015-2016 Legislative Session
Sponsored By
(R, C, IP) 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
2015-S5622 (ACTIVE) - Details
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §§1803, 1803-a, 1803-b & 1805, RPT L
2015-S5622 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5622 TITLE OF BILL: An act to amend the real property tax law, in relation to the allocation of certain real property taxes; and providing for the repeal of such provisions upon expiration thereof PURPOSE: This legislation would protect the North Shore School District and its community from the negative financial impact of the sudden decrease in tax revenue as a result of the demolition of the Glenwood Landing Power Plant. SUMMARY OF PROVISIONS: Amends paragraph (a) of subdivision 2 of Section 1803, subdivision 5 of 1803-a, subdivision 4 of section 1803-b and subdivision 5 of section 1805 of the real property tax law to exempt property that "is or was formerly used as a utility property where such portion of property was demolished during the period upon which the two thousand fifteen - two thousand sixteen assessment roll is based." JUSTIFICATION: New York State Real Property Tax Law provides that in "special" and "approved" assessing units, class tax rates must be established in
2015-S5622 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5622 2015-2016 Regular Sessions I N S E N A T E May 20, 2015 ___________ Introduced by Sen. MARCELLINO -- 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 allocation of certain real property taxes; and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 2 of section 1803 of the real property tax law, as amended by chapter 413 of the laws of 2004, is amended to read as follows: (a) For assessment rolls prepared during and after nineteen hundred eighty-two and before nineteen hundred ninety-one, and for assessment rolls prepared after two thousand one for purposes of all county and town special districts and zones of assessment, the legislative body of each special assessing unit shall adjust such base proportions to reflect the addition to the assessment roll of new property, additions to or improvements of existing property or formerly exempt property or the full or partial removal from the roll of property by reason of fire, demolition[,] OR destruction SUBJECT TO PARAGRAPH (B) OF SUBDIVISION FOUR OF SECTION EIGHTEEN HUNDRED THREE-B OF THIS ARTICLE or new exemption or any change in the class designation of any parcel of real property; provided, however, that the legislative body of each special assessing unit may further alter the base proportions, as so adjusted, in accordance with the provisions of paragraph (b) of this subdivision. S 2. Subdivision 5 of section 1803-a of the real property tax law, as added by chapter 143 of the laws of 1989 and as renumbered by chapter 440 of the laws of 1993, is amended to read as follows: 5. Adjusted base proportions. No later than five days subsequent to the filing of the final assessment roll, the legislative body of each special assessing unit shall adjust such current base proportions to reflect the addition to the assessment roll of new property, additions EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10636-03-5
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