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NY A05486
Bill
Status
Introduced
2/24/2015
Primary Sponsor
Bill Nojay
Click for details
AI Summary
- Repeals section 727 of the real property tax law, which previously prohibited changes to assessments following litigation.
- Amends section 485 of the real property tax law to remove references to section 727 and limit restrictions on future assessments to those imposed through formal agreements between parties.
- Maintains restrictions on changing assessments for facilities that become exempt, but only when such restrictions were established through formal agreements rather than litigation outcomes.
- Takes effect immediately upon enactment.
Legislative Description
Removes the prohibition on changing an assessment following litigation.
Last Action
enacting clause stricken
9/19/2016
Committee Referrals
Real Property Taxation2/24/2015
Full Bill Text
No bill text available