Bill Text: NY S08932 | 2017-2018 | General Assembly | Introduced

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Bill Title: Limits the amount of a property tax shift from one class of property to another for 2018-2019 in the county of Suffolk.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2018-07-31 - SIGNED CHAP.186 [S08932 Detail]

Download: New_York-2017-S08932-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          8932
                    IN SENATE
                                      June 6, 2018
                                       ___________
        Introduced  by Sen. FLANAGAN -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules
        AN ACT to amend the real property tax law, in relation to adjusted  base
          proportions for assessment rolls
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subparagraph (iv) of paragraph  (a)  of  subdivision  3  of
     2  section  1903 of the real property tax law, as amended by chapter 152 of
     3  the laws of 2017, is amended to read as follows:
     4    (iv) Notwithstanding any  other  provision  of  law,  in  an  approved
     5  assessing unit in the county of Suffolk and for current base proportions
     6  to  be  determined  by taxes based on such approved assessing unit's two
     7  thousand three - two thousand four, two thousand  four  -  two  thousand
     8  five  and  two  thousand  five  - two thousand six assessment rolls, the
     9  current base proportion of any class shall not exceed the adjusted  base
    10  proportion  or  adjusted  proportion,  whichever  is appropriate, of the
    11  immediately preceding year by more than two percent, or in the  case  of
    12  the  two thousand five--two thousand six, two thousand six--two thousand
    13  seven, two thousand seven--two thousand eight, two  thousand  eight--two
    14  thousand  nine, two thousand twelve--two thousand thirteen, two thousand
    15  thirteen--two thousand fourteen,  two  thousand  fourteen--two  thousand
    16  fifteen,  two  thousand  fifteen--two  thousand  sixteen,  two  thousand
    17  sixteen--two thousand seventeen, [and] two thousand seventeen--two thou-
    18  sand eighteen, and two thousand eighteen--two thousand nineteen  assess-
    19  ment   rolls,  one  percent.  Where  the  computation  of  current  base
    20  proportions would  otherwise  produce  such  result,  the  current  base
    21  proportion of such class or classes shall be limited to such two percent
    22  or  one  percent  increase  whichever is applicable, and the legislative
    23  body of such approved  assessing  unit  shall  alter  the  current  base
    24  proportion  of  either  class  so  that  the  sum  of  the  current base
    25  proportions equals one.
    26    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01737-04-8