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NY A08639

Bill

Official Source

Status

Passed

11/21/2014

Primary Sponsor

Harvey Weisenberg

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Amends Real Property Tax Law Section 1803-a to allow special assessing units that are not cities to limit increases in current base proportions to no more than one percent annually
  • Applies to current base proportions determined by taxes based on the 2014 assessment roll
  • If normal computation would result in an increase exceeding one percent, the affected class or classes shall be capped at one percent increase, with remaining classes adjusted so all proportions total one
  • Takes effect immediately and applies to tax levies based on the 2014 assessment roll in non-city special assessing units

Legislative Description

Relates to allowing certain special assessing units other than cities to adjust their current base proportions.

Last Action

signed chap.443

11/21/2014

Committee Referrals

Local Government4/30/2014
Ways and Means2/11/2014
Real Property Taxation1/29/2014

Full Bill Text

No bill text available