Bill Text: NY A07281 | 2015-2016 | General Assembly | Introduced
Bill Title: Relates to the computation of adjusted base proportions for tax assessment rolls.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2015-09-25 - signed chap.266 [A07281 Detail]
Download: New_York-2015-A07281-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 7281 2015-2016 Regular Sessions I N A S S E M B L Y May 1, 2015 ___________ Introduced by M. of A. RAMOS -- read once and referred to the Committee on Real Property Taxation 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 216 of 3 the laws of 2014, 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, [and] two thousand fourteen--two thou- 16 sand fifteen, AND TWO THOUSAND FIFTEEN--TWO THOUSAND SIXTEEN assessment 17 rolls, one percent. Where the computation of current base proportions 18 would otherwise produce such result, the current base proportion of such 19 class or classes shall be limited to such two percent or one percent 20 increase whichever is applicable, and the legislative body of such 21 approved assessing unit shall alter the current base proportion of 22 either class so that the sum of the current base proportions equals one. 23 S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10572-01-5