Loading chat...

NY A04398

Bill

Official Source

Status

Introduced

2/14/2023

Primary Sponsor

Michael Fitzpatrick

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends section 489 of the real property tax law to include cities where the multiple residence law applies, in addition to cities where the multiple dwelling law applies
  • Authorizes cities to adopt local laws or ordinances exempting increases in assessed valuation from taxation for local purposes when resulting from alterations and improvements to multiple dwellings
  • Extends this authorization through January 1, 2022
  • Takes effect immediately upon enactment

Legislative Description

Relates to exemption from taxation of alterations and improvements to multiple dwellings by expanding certain provisions to include cities where the multiple residence law is applicable.

Last Action

referred to real property taxation

1/3/2024

Committee Referrals

Real Property Taxation2/14/2023

Full Bill Text

No bill text available