Loading chat...

NY S05229

Bill

Official Source

Status

Introduced

3/16/2017

Primary Sponsor

Toby Stavisky

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Amends the New York City Administrative Code by adding section 11-240.2
  • Limits assessed value increases for cooperative units and condominiums to no more than 3 percent in the two years following resolution of tax certiorari proceedings
  • Applies to real property owned or leased by cooperative corporations or held on a condominium basis
  • Takes effect immediately upon enactment

Legislative Description

Provides that assessed values of cooperative units and condominiums shall not increase by more than 3% in the two years following resolution of tax certiorari proceedings.

Last Action

REFERRED TO CITIES

1/3/2018

Committee Referrals

Cities3/16/2017

Full Bill Text

No bill text available