Bill Text: NY A05402 | 2019-2020 | General Assembly | Introduced

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Bill Title: Provides, upon authorization from the local legislative body, for the exemption of certain private dwellings and improvements within cities having a population of less than 1,000,000 from local taxation by providing for a graduated phase-in of real property taxes for newly constructed or substantially rehabilitated one and two family homes.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2020-07-16 - held for consideration in real property taxation [A05402 Detail]

Download: New_York-2019-A05402-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          5402
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 11, 2019
                                       ___________
        Introduced by M. of A. DiPIETRO -- read once and referred to the Commit-
          tee on Real Property Taxation
        AN  ACT to amend the real property tax law, in relation to the exemption
          of certain private dwellings and improvements within cities  having  a
          population of less than one million from local taxation
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 421-b of the real property tax law  is  amended  by
     2  adding a new subdivision 4 to read as follows:
     3    4. Notwithstanding the foregoing provisions of this section, the local
     4  legislative  body  of  any  city, town or village having a population of
     5  less than one million is authorized and empowered to adopt a  resolution
     6  making  the  provisions of this section applicable to such city, town or
     7  village.
     8    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07602-01-9