Bill Text: NY S04396 | 2015-2016 | General Assembly | Introduced

New York Senate Bill 4396 (Prior Session Legislation)

Introduced

Bill Title: Relates to allowing certain special assessing units other than cities to adjust their current base proportions.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2015-06-11 - SUBSTITUTED BY A7186 [S04396 Detail]

Download: New_York-2015-S04396-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4396
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                    March 18, 2015
                                      ___________
       Introduced by Sens. MARTINS, VENDITTO -- read twice and ordered printed,
         and when printed to be committed to the Committee on Local Government
       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
         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 (aa) to read as follows:
    3    (AA)  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  FIFTEEN  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.
   16    S  2.  This  act  shall take effect immediately and shall apply to the
   17  levy of taxes based on the 2015 assessment roll in a  special  assessing
   18  unit that is not a city.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09991-01-5