Bill Text: NY A10288 | 2017-2018 | General Assembly | Introduced

New York Assembly Bill 10288 (Prior Session Legislation)

Introduced

Bill Title: Relates to the exclusion of uncollectible taxes from the limitation on real estate taxes in New York City.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-04-10 - referred to cities [A10288 Detail]

Download: New_York-2017-A10288-Introduced.html

                STATE OF NEW YORK
        ________________________________________________________________________
                                          10288
                   IN ASSEMBLY
                                     April 10, 2018
                                       ___________
        Introduced by M. of A. CUSICK -- read once and referred to the Committee
          on Cities
        AN  ACT to amend the general municipal law, in relation to the exclusion
          of uncollectible taxes from the limitation on real estate taxes in New
          York city
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Section  3-b  of  the general municipal law is amended by
     2  adding three new subdivisions 3, 4 and 5 to read as follows:
     3    3. The amount to be raised by tax on real estate in  any  fiscal  year
     4  commencing on or after July first, two thousand seventeen by the city of
     5  New  York  and  the  counties  contained  therein  for  city  and county
     6  purposes, in addition to providing for the interest on and the principal
     7  of all indebtedness described in subdivision one of this section,  shall
     8  only  include  an additional amount for a reserve for those taxes, which
     9  it estimates in each budget year in good faith will be uncollectible for
    10  the payment of such indebtedness, minus any amount collected during  the
    11  fiscal  year by the city of New York from prior levies including by real
    12  property tax lien sales.
    13    4. For purposes of this section, the term "uncollectible"  shall  mean
    14  an  estimate of the amount that taxpayers do not pay because they cannot
    15  pay or because they choose not to pay.
    16    5. The reserve which the city of New York and the  counties  contained
    17  therein estimates shall be uncollectible for the payment of such indebt-
    18  edness  shall  not include any abatement or exemption amounts including,
    19  but not limited to, those abatement  amounts  as  authorized  by:    (a)
    20  section  four  hundred  sixty-seven-a  of the real property tax law; (b)
    21  section four hundred sixty-seven-b of the real  property  tax  law;  (c)
    22  section  four  hundred  sixty-seven-c  of the real property tax law; (d)
    23  section four hundred sixty-seven-f of the real  property  tax  law;  (e)
    24  section  four  hundred  sixty-seven-h  of the real property tax law; (f)
    25  section four hundred sixty-seven-i of the real  property  tax  law;  (g)
    26  section  four  hundred  eighty-nine  of  the  real property tax law; (h)
    27  section four hundred ninety-nine-b of the real  property  tax  law;  (i)
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02819-01-7

        A. 10288                            2
     1  section  sixty-five  of  chapter  twenty  of  the  laws  of two thousand
     2  fifteen, or any other statute authorizing the abatement or exemption  of
     3  real property taxes.
     4    § 2. This act shall take effect immediately.