Bill Text: NY A07298 | 2017-2018 | General Assembly | Amended
Bill Title: Allows certain special assessing units other than cities to adjust their current base proportions; gives special and approved assessing units the authority to tailor their "cap" to local conditions each year, thereby removing the annual uncertainty; relates to adjusted base proportions for assessment rolls; relates to the base proportion in approved assessing units in Nassau county.
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2018-06-12 - reported referred to ways and means [A07298 Detail]
Download: New_York-2017-A07298-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 7298--B 2017-2018 Regular Sessions IN ASSEMBLY April 21, 2017 ___________ Introduced by M. of A. LAVINE, M. L. MILLER -- read once and referred to the Committee on Real Property Taxation -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee -- ordered to a third reading -- committed to the Committee on Real Property Taxation in accordance with 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 allowing certain special assessing units other than cities to adjust their current base proportions, adjusted base proportions for assessment rolls, and the base proportion in approved assessing units in Nassau county The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 1 of section 1803-a of the real property tax 2 law is amended by adding a new paragraph (dd) to read as follows: 3 (dd) Notwithstanding the provisions of paragraph (c) of this subdivi- 4 sion to the contrary, in a special assessing unit that is not a city and 5 for current base proportions to be determined by taxes based on such 6 special assessing unit's two thousand eighteen assessment roll, the 7 current base proportion of any class shall not exceed the adjusted base 8 proportion or adjusted proportion, whichever is appropriate, of the 9 immediately preceding year by more than one percent. Where the computa- 10 tion performed pursuant to paragraph (b) of this subdivision would 11 otherwise produce such result, the current base proportion of such class 12 or classes shall be limited to such one percent increase and the legis- 13 lative body of such special assessing unit shall alter the current base 14 proportion of any or all remaining classes so that the sum of the 15 current base proportions equals one. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10967-06-8A. 7298--B 2 1 § 2. Paragraph (a) of subdivision 3 of section 1903 of the real prop- 2 erty tax law is amended by adding a new subparagraph (xix) to read as 3 follows: 4 (xix) Notwithstanding any other provision of law, in an approved 5 assessing unit in the county of Nassau and for current base proportions 6 to be determined by taxes based on such approved assessing unit's two 7 thousand eighteen roll, the current base proportion of any class shall 8 not exceed the adjusted base proportion or adjusted proportion, whichev- 9 er is appropriate, of the immediately preceding year, by more than one 10 percent, provided that such approved assessing unit has passed a local 11 law, ordinance or resolution providing therefor. Where the computation 12 of current base proportions would otherwise produce such result, the 13 current base proportion of such class or classes shall be limited to 14 such one percent increase and the legislative body of such approved 15 assessing unit shall alter the current base proportion of either class 16 so that the sum of the current base proportions equals one. 17 § 3. This act shall take effect immediately; provided, however, that 18 section one of this act shall apply to the levy of taxes based on the 19 2018 assessment roll in a special assessing unit that is not a city and 20 that section two of this act shall apply to the levy of taxes based on 21 the 2018 assessment roll in approved assessing units in the county of 22 Nassau that pass a local law, ordinance or resolution to adopt these 23 provisions.