Bill Text: NY S07990 | 2017-2018 | General Assembly | Introduced

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Bill Title: Limits the shift between classes of taxable property in the town of Orangetown, county of Rockland.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-06-14 - SUBSTITUTED BY A9729 [S07990 Detail]

Download: New_York-2017-S07990-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          7990
                    IN SENATE
                                     March 16, 2018
                                       ___________
        Introduced  by Sen. CARLUCCI -- 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  limiting  the
          shift  between  classes of taxable property in the town of Orangetown,
          county of Rockland
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Paragraph (a) of subdivision 3 of section 1903 of the real
     2  property tax law is amended by adding a new subparagraph (xix)  to  read
     3  as follows:
     4    (xix)  Notwithstanding  any  other  provision  of  law, in an approved
     5  assessing unit in the town of Orangetown, county  of  Rockland  and  for
     6  current  base  proportions  to  be  determined  by  taxes  based on such
     7  approved assessing unit's two thousand eighteen--two  thousand  nineteen
     8  assessment  roll,  the  current  base  proportion of any class shall not
     9  exceed the adjusted base proportion or adjusted proportion, whichever is
    10  appropriate, of  the  immediately  preceding  year,  by  more  than  one
    11  percent,  provided  that such approved assessing unit has passed a local
    12  law, ordinance or resolution providing therefor. Where  the  computation
    13  of  current  base  proportions  would otherwise produce such result, the
    14  current base proportion of such class or classes  shall  be  limited  to
    15  such  one  percent  increase  and  the legislative body of such approved
    16  assessing unit shall alter the current base proportion of  either  class
    17  so that the sum of the current base proportions equals one.
    18    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14442-01-8