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NY S07364

Bill

Official Source

Status

Passed

11/28/2016

Primary Sponsor

Fred Akshar

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Authorizes the assessor of the City of Binghamton to transfer cooperative apartment properties from the non-homestead tax class to the homestead tax class, following passage of a local law by the city
  • Applies to cooperative apartments located in the City of Binghamton, County of Broome
  • Requires the assessor to adjust homestead and non-homestead tax shares accordingly upon transfer
  • Exempts this authorization from the restrictions of Section 1901 of the Real Property Tax Law
  • Takes effect immediately upon enactment

Legislative Description

Authorizes the city of Binghamton to classify certain cooperative apartments as homestead properties.

Last Action

SIGNED CHAP.495

11/28/2016

Committee Referrals

Ways and Means6/15/2016
Local Government4/22/2016

Full Bill Text

No bill text available