Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 13, 2015 |
signed chap.122 |
Aug 05, 2015 |
delivered to governor |
Jun 18, 2015 |
returned to assembly passed senate substituted for s4577a |
Jun 16, 2015 |
referred to rules delivered to senate passed assembly |
Jun 15, 2015 |
ordered to third reading rules cal.385 rules report cal.385 reported |
Jun 11, 2015 |
amend and recommit to rules 7274a |
Jun 09, 2015 |
reported referred to rules |
May 01, 2015 |
referred to ways and means |
Assembly Bill A7274A
Signed By Governor2015-2016 Legislative Session
Sponsored By
JEAN-PIERRE
Archive: Last 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
Bill Amendments
2015-A7274 - Details
- See Senate Version of this Bill:
- S4577
- Law Section:
- Taxation
2015-A7274 - Summary
Creates a tax exemption for owner occupied residential property in municipalities affected by Superstorm Sandy; exempts such buildings from 100 per centum of the increase in assessed value attributable to reconstruction, less 12 1/2 percentum, and less an additional 12 1/2 percentum for each year for an additional 7 years.
2015-A7274 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7274 2015-2016 Regular Sessions I N A S S E M B L Y May 1, 2015 ___________ Introduced by M. of A. JEAN-PIERRE -- read once and referred to the Committee on Ways and Means AN ACT in relation to tax assessments for certain improved properties affected by Superstorm Sandy THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. a. An owner occupied residential property that is the primary residence of the owner reconstructed, altered, or improved due to damage caused by Superstorm Sandy, as defined by subdivision 5 of section 2 of chapter 424 of the laws of 2013, within an eligible munici- pality, as defined by subdivision 2 of section 2 of chapter 424 of the laws of 2013, shall be exempt from taxation of county, town and school levies to the extent provided hereinafter. After a public hearing, the governing board of an eligible municipality may adopt a local law and a school district may adopt a resolution to grant the exemption authorized pursuant to this act. A copy of such local law or resolution shall be filed with the commissioner of taxation and finance and the assessor of such municipality who prepares the assessment roll on which the taxes of such municipality or school district are levied. b. To be eligible for the tax exemption authorized by an eligible municipality or school district pursuant to subdivision a of this section, such primary residence shall have been owner occupied by the same owner immediately prior to Superstorm Sandy and immediately after reconstruction with a certificate of occupancy, and have already received assessment relief pursuant to chapter 424 of the laws of 2013. c. Such primary residence shall be exempt for a period of one year to the extent of one hundred per centum of the increase in assessed value thereof attributable to such reconstruction, alteration or improvement and for an additional period of seven years subject to the following: (i) The extent of such exemption shall be decreased by twelve and one-half per centum of the "exemption base" each year during such addi- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06271-03-5
2015-A7274A (ACTIVE) - Details
- See Senate Version of this Bill:
- S4577
- Law Section:
- Taxation
2015-A7274A (ACTIVE) - Summary
Creates a tax exemption for owner occupied residential property in municipalities affected by Superstorm Sandy; exempts such buildings from 100 per centum of the increase in assessed value attributable to reconstruction, less 12 1/2 percentum, and less an additional 12 1/2 percentum for each year for an additional 7 years.
2015-A7274A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7274--A 2015-2016 Regular Sessions I N A S S E M B L Y May 1, 2015 ___________ Introduced by M. of A. JEAN-PIERRE -- read once and referred to the Committee on Ways and Means -- reported and referred to the Committee on Rules -- Rules Committee discharged, bill amended, ordered reprinted as amended and recommitted to the Committee on Rules AN ACT in relation to tax assessments for certain improved properties affected by Superstorm Sandy THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. a. An owner occupied residential property that is the primary residence of the owner reconstructed, altered, or improved due to damage caused by Superstorm Sandy, as defined by subdivision 5 of section 2 of chapter 424 of the laws of 2013, within an eligible munici- pality, as defined by subdivision 2 of section 2 of chapter 424 of the laws of 2013, shall be exempt from taxation of county, town and school levies to the extent provided hereinafter. After a public hearing, the governing board of an eligible municipality may adopt a local law and a school district may adopt a resolution to grant the exemption authorized pursuant to this act. A copy of such local law or resolution shall be filed with the commissioner of taxation and finance and the assessor of such municipality who prepares the assessment roll on which the taxes of such municipality or school district are levied. b. To be eligible for the tax exemption authorized by an eligible municipality or school district pursuant to subdivision a of this section, such primary residence shall have been owner occupied by the same owner immediately prior to Superstorm Sandy and immediately after reconstruction with a certificate of occupancy, and have already received assessment relief pursuant to chapter 424 of the laws of 2013. c. Such primary residence shall be exempt for a period of one year to the extent of one hundred per centum of the increase in assessed value thereof attributable to such reconstruction, alteration or improvement and for an additional period of seven years subject to the following: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06271-07-5
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