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NY A09845
Bill
Status
4/15/2016
Primary Sponsor
Donna Lupardo
Click for details
AI Summary
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Authorizes the city of Binghamton assessor to transfer cooperative apartments from the non-homestead tax class to the homestead tax class, notwithstanding section 1901 of the real property tax law
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Transfer authority applies only to cooperative apartments located in the city of Binghamton, county of Broome
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Requires the city of Binghamton to adopt a local law accepting the provisions of this act before the assessor may exercise transfer authority
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Requires adjustment of homestead and non-homestead tax shares following any property transfers
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Takes effect immediately upon enactment
Legislative Description
Authorizes the city of Binghamton to classify certain cooperative apartments as homestead properties.
Last Action
substituted by s7364a
6/15/2016