Bill Text: NY S06423 | 2015-2016 | General Assembly | Amended

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Bill Title: Relates to authorizing a residential redevelopment inhibited property exemption in certain cities.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2016-04-08 - SIGNED CHAP.28 [S06423 Detail]

Download: New_York-2015-S06423-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         6423--A
            Cal. No. 34
                    IN SENATE
                                     January 8, 2016
                                       ___________
        Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
          when printed to be committed to the Committee on Rules -- ordered to a
          third reading, amended and ordered reprinted, retaining its  place  in
          the order of third reading
        AN  ACT to amend the real property tax law, in relation to authorizing a
          residential redevelopment  inhibited  property  exemption  in  certain
          cities
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1.  Paragraph (f) of subdivision 1 of  section  485-r  of  the
     2  real property tax law, as added by a chapter of the laws of 2015, amend-
     3  ing  the  real  property  tax  law relating to authorizing a residential
     4  redevelopment  inhibited  property  exemption  in  certain  cities,   as
     5  proposed  in legislative bills numbers S.5196-A and A.7570-A, is amended
     6  to read as follows:
     7    (f) "City" shall mean [cities] a city with a population  of  not  less
     8  than  fifteen thousand two hundred fifty and not more than fifteen thou-
     9  sand five hundred as determined by the latest federal  decennial  census
    10  [for the year two thousand ten].
    11    §  2.  This  act  shall  take  effect on the same date and in the same
    12  manner as a chapter of the laws of 2015, amending the real property  tax
    13  law  relating to authorizing a residential redevelopment inhibited prop-
    14  erty exemption in certain  cities,  as  proposed  in  legislative  bills
    15  numbers S.5196-A and A.7570-A, takes effect.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10793-10-6