NY S04209

Amends General Municipal Law Section 3-b to allow New York City and its counties to exclude estimated uncollectible taxes from real estate tax limitations for fiscal years beginning July 1, 2023 or later.

Defines "uncollectible" as the estimated amount taxpayers do not pay because they cannot pay or choose not to pay.

Allows the uncollectible tax reserve to include only amounts not collected during the fiscal year from prior levies, including real property tax lien sales.

Prohibits including any tax abatements or exemptions in the uncollectible reserve calculation, including exemptions under specified Real Property Tax Law sections and other statutes.

Takes effect immediately upon enactment.