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NY S01379

Bill

Official Source

Status

Engrossed

2/6/2017

Primary Sponsor

Elizabeth Little

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Establishes an 11-member New York City Tax Reform Study Commission appointed by the governor based on recommendations from legislative leaders, the mayor, city council speaker, and minority leaders.

  • Commission membership must include at least one representative each from NYC municipal government, academia, real estate industry, and a recognized labor organization.

  • Commission must deliver recommendations to the governor and legislature by January 1, 2020 on changes to the class share system, assessment process, and tax rate formulae for NYC real property taxes.

  • Commission receives support from state and city personnel, including staff from the Department of Taxation and Finance and NYC Department of Finance.

  • Act takes effect immediately upon enactment.

Legislative Description

Establishes the New York city tax reform study commission to provide the governor and legislature with a blueprint of reforms to the real property taxation system in the city of New York.

Last Action

referred to real property taxation

2/13/2018

Committee Referrals

Real Property Taxation2/13/2018
Cities1/3/2018
Rules6/21/2017
Real Property Taxation2/6/2017
Rules1/23/2017
Cities1/9/2017

Full Bill Text

No bill text available