Bill Text: NY A05297 | 2017-2018 | General Assembly | Amended
Bill Title: Limits the amount of a property tax shift from one class of property to another for 2018-2019 in the county of Suffolk.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2018-06-19 - substituted by s8932 [A05297 Detail]
Download: New_York-2017-A05297-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 5297--A 2017-2018 Regular Sessions IN ASSEMBLY February 7, 2017 ___________ Introduced by M. of A. RAMOS -- read once and referred to the Committee on Real Property Taxation -- recommitted to the Committee on Real Property Taxation in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to adjusted base proportions for assessment rolls The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraph (iv) of paragraph (a) of subdivision 3 of 2 section 1903 of the real property tax law, as amended by chapter 152 of 3 the laws of 2017, is amended to read as follows: 4 (iv) Notwithstanding any other provision of law, in an approved 5 assessing unit in the county of Suffolk and for current base proportions 6 to be determined by taxes based on such approved assessing unit's two 7 thousand three - two thousand four, two thousand four - two thousand 8 five and two thousand five - two thousand six assessment rolls, the 9 current base proportion of any class shall not exceed the adjusted base 10 proportion or adjusted proportion, whichever is appropriate, of the 11 immediately preceding year by more than two percent, or in the case of 12 the two thousand five--two thousand six, two thousand six--two thousand 13 seven, two thousand seven--two thousand eight, two thousand eight--two 14 thousand nine, two thousand twelve--two thousand thirteen, two thousand 15 thirteen--two thousand fourteen, two thousand fourteen--two thousand 16 fifteen, two thousand fifteen--two thousand sixteen, two thousand 17 sixteen--two thousand seventeen, [and] two thousand seventeen--two thou- 18 sand eighteen, and two thousand eighteen--two thousand nineteen assess- 19 ment rolls, one percent. Where the computation of current base 20 proportions would otherwise produce such result, the current base 21 proportion of such class or classes shall be limited to such two percent 22 or one percent increase whichever is applicable, and the legislative EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01737-03-8A. 5297--A 2 1 body of such approved assessing unit shall alter the current base 2 proportion of either class so that the sum of the current base 3 proportions equals one. 4 § 2. This act shall take effect immediately.