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NY S02946

Bill

Official Source

Status

Engrossed

6/17/2019

Primary Sponsor

Toby Stavisky

Click for details

Origin

Senate

2019-2020 General Assembly

AI Summary

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

1/8/2020

Committee Referrals

Cities1/8/2020
Rules6/17/2019
Cities1/31/2019

Full Bill Text

No bill text available