Bill Text: NY A05764 | 2011-2012 | General Assembly | Introduced

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Bill Title: Provides that the city of New York is authorized to reduce property taxes on all classes of property within the city by eighteen and one-half percent.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2012-02-14 - held for consideration in real property taxation [A05764 Detail]

Download: New_York-2011-A05764-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5764
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 28, 2011
                                      ___________
       Introduced  by M. of A. TOBACCO -- read once and referred to the Commit-
         tee on Real Property Taxation
       AN ACT authorizing the city of New York to reduce property taxes on  all
         classes of property within such city by eighteen and one-half percent
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Notwithstanding any other provision of law to the contrary,
    2  the city council of the city of New York is authorized  to  reduce  real
    3  property  taxes  on  all classes of real property within the city of New
    4  York by eighteen and one-half percent below  that  of  the  tax  on  the
    5  parcel of real property for the prior tax year.
    6    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD02718-01-1