Bill Text: NY A06169 | 2015-2016 | General Assembly | Introduced
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.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-11-25 - enacting clause stricken [A06169 Detail]
Download: New_York-2015-A06169-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 6169 2015-2016 Regular Sessions I N A S S E M B L Y March 16, 2015 ___________ Introduced by M. of A. BORELLI -- 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. LBD05781-01-5