Bill Text: NY A07298 | 2017-2018 | General Assembly | Amended

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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

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                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.
                                                                   LBD10967-06-8
        A. 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.