Bill Text: NY A03708 | 2015-2016 | General Assembly | Introduced

New York Assembly Bill 3708 (Prior Session Legislation)

Introduced

Bill Title: 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.

Sponsorship: Moderate Partisan Bill (Republican 6-1)

Status: (Introduced - Dead) 2016-01-06 - referred to real property taxation [A03708 Detail]

Download: New_York-2015-A03708-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         3708
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 27, 2015
                                      ___________
       Introduced  by  M.  of  A. FITZPATRICK -- Multi-Sponsored by -- M. of A.
         BARCLAY, CROUCH, GIGLIO, McDONOUGH, TEDISCO, THIELE -- read  once  and
         referred to the Committee on Real Property Taxation
       AN ACT to amend the real property tax law, in relation to exemption from
         taxation of alterations and improvements to multiple dwellings
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. The opening paragraph of paragraph (a) of subdivision 1  of
    2  section 489 of the real property tax law, as amended by chapter 4 of the
    3  laws of 2013, is amended to read as follows:
    4    Any  city to which the multiple dwelling law OR THE MULTIPLE RESIDENCE
    5  LAW is applicable, acting through its local legislative  body  or  other
    6  governing  agency,  is hereby authorized and empowered, to and including
    7  January first, two thousand [fifteen] SIXTEEN, to adopt and amend  local
    8  laws  or ordinances providing that any increase in assessed valuation of
    9  real property shall be exempt  from  taxation  for  local  purposes,  as
   10  provided herein, to the extent such increase results from:
   11    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD05757-01-5