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NY S01257

Bill

Official Source

Status

Engrossed

6/15/2015

Primary Sponsor

Jack Martins

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Amends the definition of "Municipality" in the residential-commercial exemption program under Real Property Tax Law Section 485-n to remove population restrictions based on county size
  • Eliminates the requirement that municipalities be located in counties with populations between 65,300-65,400 or 98,900-99,000 (based on the 2010 federal census)
  • Allows any town, city, village, or other taxing entity to participate in the residential-commercial exemption program regardless of their county's population
  • Takes effect immediately upon enactment
  • Provision is subject to repeal along with Section 485-n itself

Legislative Description

Expands the residential-commercial exemption program to include any municipality regardless of the population of the county in which it is located.

Last Action

referred to real property taxation

6/16/2016

Committee Referrals

Real Property Taxation6/16/2016
Local Government1/6/2016
Real Property Taxation6/15/2015
Local Government1/9/2015

Full Bill Text

No bill text available