Bill Text: NY S05913 | 2013-2014 | General Assembly | Amended
Bill Title: Prohibits the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2014-03-20 - PRINT NUMBER 5913A [S05913 Detail]
Download: New_York-2013-S05913-Amended.html
S T A T E O F N E W Y O R K
________________________________________________________________________
5913--A
2013-2014 Regular Sessions
I N S E N A T E
July 1, 2013
___________
Introduced by Sen. AVELLA -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules -- recommitted to
the Committee on Cities in accordance with Senate Rule 6, sec. 8 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT to amend the administrative code of the city of New York, in
relation to prohibiting the city of New York from increasing property
taxes where a property's assessed value has decreased in the previous
year
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. The administrative code of the city of New York is amended
2 by adding a new section 11-239-a to read as follows:
3 S 11-239-A ASSESSMENTS FOLLOWING DECREASED VALUATION. THE ASSESSED
4 VALUE OF REAL PROPERTY SHALL NOT BE INCREASED FOR THE PERIOD OF A YEAR
5 AFTER SUCH PROPERTY'S ASSESSED VALUE HAS DECREASED.
6 S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11616-03-4
