Bill Text: NY S04176 | 2017-2018 | General Assembly | Introduced
Bill Title: Provides that certain excess tax levies by local governments and school districts do not make taxpayers ineligible for the real property tax freeze credit.
Spectrum: Partisan Bill (Republican 5-0)
Status: (Introduced - Dead) 2018-01-03 - REFERRED TO LOCAL GOVERNMENT [S04176 Detail]
Download: New_York-2017-S04176-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 4176 2017-2018 Regular Sessions IN SENATE February 6, 2017 ___________ Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the general municipal law and the education law, in relation to providing that certain excess tax levies by local govern- ments and school districts do not make taxpayers ineligible for the real property tax freeze credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 7 of section 3-c of the general municipal law 2 is renumbered subdivision 8 and a new subdivision 7 is added to read as 3 follows: 4 7. In the event a local government's actual tax levy for a given 5 fiscal year exceeds the tax levy limit as established pursuant to this 6 section, such excess amount of the levy shall not cause taxpayers resid- 7 ing in the territory of such local government to be ineligible for the 8 real property tax freeze credit allowable pursuant to the provisions of 9 subdivision (bbb) of section six hundred six of the tax law or affect 10 the amount of such credit or affect the amount of any refund issued 11 pursuant to the claiming of such credit, provided the actual tax levy 12 does not increase by more than two percentage points from the actual tax 13 levy imposed during the previous year. 14 § 2. Section 2023-a of the education law is amended by adding a new 15 subdivision 5-a to read as follows: 16 5-a. In the event a school district's actual tax levy for a given 17 fiscal year exceeds the tax levy limit as established pursuant to this 18 section, such excess amount of the levy shall not cause taxpayers resid- 19 ing in the territory served by such school district to be ineligible for 20 the real property tax freeze credit allowable pursuant to the provisions 21 of subdivision (bbb) of section six hundred six of the tax law or affect 22 the amount of such credit or affect the amount of any refund issued 23 pursuant to the claiming of such credit, provided the actual tax levy EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01806-04-7S. 4176 2 1 does not increase by more than two percentage points from the actual tax 2 levy imposed during the previous year. 3 § 3. This act shall take effect immediately; provided, however, that 4 the amendments to section 3-c of the general municipal law made by 5 section one of this act shall not affect the repeal of such section and 6 shall be deemed repealed therewith; provided, further, that the amend- 7 ments to section 2023-a of the education law made by section two of this 8 act shall not affect the repeal of such section and shall be deemed 9 repealed therewith.
