Bill Text: NY S06294 | 2017-2018 | General Assembly | Introduced

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

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2018-03-21 - referred to cities [S06294 Detail]

Download: New_York-2017-S06294-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          6294
                               2017-2018 Regular Sessions
                    IN SENATE
                                      May 11, 2017
                                       ___________
        Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
          printed to be committed 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)
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02819-01-7
        S. 6294                             2
     1  section  four  hundred  sixty-seven-i  of the real property tax law; (g)
     2  section four hundred eighty-nine of  the  real  property  tax  law;  (h)
     3  section  four  hundred  ninety-nine-b  of the real property tax law; (i)
     4  section  sixty-five  of  chapter  twenty  of  the  laws  of two thousand
     5  fifteen, or any other statute authorizing the abatement or exemption  of
     6  real property taxes.
     7    § 2. This act shall take effect immediately.