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NY S08932

Bill

Official Source

Status

Passed

7/31/2018

Primary Sponsor

John Flanagan

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Amends Real Property Tax Law Section 1903 to add the 2018-2019 assessment roll year to Suffolk County's base proportion adjustment limitations
  • Limits current base proportion increases for any property class to one percent for the 2018-2019 assessment roll (consistent with restrictions on 2005-2018 assessment rolls)
  • Requires legislative bodies in approved Suffolk County assessing units to adjust current base proportions of property classes so their sum equals one if the one percent cap is exceeded
  • Takes effect immediately upon enactment

Legislative Description

Limits the amount of a property tax shift from one class of property to another for 2018-2019 in the county of Suffolk.

Last Action

SIGNED CHAP.186

7/31/2018

Committee Referrals

Real Property Taxation6/11/2018
Rules6/6/2018

Full Bill Text

No bill text available