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NY A05424

Bill

Official Source

Status

Introduced

3/10/2023

Primary Sponsor

Karl Brabenec

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends General Municipal Law Section 3-c to expand exemptions from real property tax levy limits for local governments
  • Adds exemption for infrastructure improvements, repairs, road maintenance, repair and renovation, and snow removal expenses
  • Adds exemption for capital projects and infrastructure improvements in utilities, transportation and communication
  • Adds exemption for expenses from consent orders and smart growth initiatives, plus extraordinary expenses for public health emergencies and pandemics
  • Takes effect immediately upon enactment

Legislative Description

Relates to the limit upon real property tax levies by local governments; exempts real property owned by a city, town or village from taxes for infrastructure, road maintenance, snow removal, capital projects, consent order and smart growth initiative expenses and any extraordinary expenses required to respond to public health emergencies and pandemics.

Last Action

referred to real property taxation

1/3/2024

Committee Referrals

Real Property Taxation3/10/2023

Full Bill Text

No bill text available