Loading chat...

NY A09751

Bill

Official Source

Status

Passed

8/7/2014

Primary Sponsor

Philip Ramos

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Amends Real Property Tax Law Section 1903 to modify adjusted base proportion calculations for approved assessing units in Suffolk County
  • Adds the 2014-2015 assessment roll to the list of rolls subject to a one percent cap on year-over-year increases in current base proportions for any class
  • Limits current base proportion increases to one percent for assessment rolls from 2005-2006 through 2014-2015 (previously capped at two percent for earlier years)
  • Requires legislative bodies to adjust class proportions so current base proportions sum to one when computations would exceed the applicable cap
  • Takes effect immediately upon enactment

Legislative Description

Relates to computation of adjusted base proportions for tax assessment rolls.

Last Action

signed chap.216

8/7/2014

Committee Referrals

Local Government6/9/2014
Ways and Means5/28/2014
Real Property Taxation5/20/2014

Full Bill Text

No bill text available