Bill Text: NY A05744 | 2021-2022 | General Assembly | Introduced

---

Bill Title: Establishes the New York city tax reform study commission to provide the governor and legislature with a blueprint of reforms to the real property taxation system in the city of New York.

Spectrum: Strong Partisan Bill (Democrat 12-1)

Status: (Introduced - Dead) 2022-01-05 - referred to real property taxation [A05744 Detail]

Download: New_York-2021-A05744-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          5744

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    February 24, 2021
                                       ___________

        Introduced  by  M.  of  A. CUSICK, ABBATE, BARNWELL, BRAUNSTEIN, COLTON,
          COOK,  DICKENS,  DINOWITZ,  PHEFFER AMATO,  PICHARDO,  ROZIC,  REILLY,
          SEAWRIGHT  -- read once and referred to the Committee on Real Property
          Taxation

        AN ACT to establish the New York city tax reform study  commission,  and
          providing for its powers and duties

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. There is hereby established the New York  city  tax  reform
     2  study  commission  to  provide  the  governor and the legislature with a
     3  blueprint for reforming the local real property tax system in  the  city
     4  of New York.
     5    § 2. The New York city tax reform study commission shall consist of 15
     6  members as follows: the commissioner of the New York state department of
     7  taxation  and  finance,  or  his or her designee, who shall serve as the
     8  chairperson of the commission; three members appointed by the  governor:
     9  three  members appointed by the temporary president of the senate; three
    10  members appointed by the speaker of the assembly; two members  appointed
    11  by the mayor of the city of New York; one member appointed by the speak-
    12  er  of the city council of the city of New York; one member appointed by
    13  the minority leader of the senate;  and  one  member  appointed  by  the
    14  minority leader of the assembly.  Such commission shall include at least
    15  one  member  representative of each of the following:  the New York city
    16  municipal government, academia, real estate industry  and  a  recognized
    17  labor  organization,  all  based in the city of New York. The commission
    18  shall meet at least six times at the call of the chairperson.
    19    § 3. On or before January 1, 2023, the New York city tax reform  study
    20  commission shall provide the governor and the legislature with recommen-
    21  dations  on  any changes that should be made to, at a minimum, the class
    22  share system, assessment process and tax rate formulae  utilized  within
    23  the city of New York.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01119-01-1
        A. 5744                             2

     1    §  4. To the maximum extent feasible, the state department of taxation
     2  and finance and the department of finance of the city of New York  shall
     3  provide the commission with such facilities, assistance and data as will
     4  enable the commission to carry out its powers and duties.  Additionally,
     5  to  the  maximum  extent  feasible,  all  other agencies of the state or
     6  subdivisions thereof shall, at the request of  the  chairperson  provide
     7  the commission with such facilities, assistance, and data as will enable
     8  the task force to carry out its powers and duties.
     9    §  5.  The members of the commission shall receive no compensation for
    10  their services, but shall be allowed their actual and necessary expenses
    11  incurred in the performance  of  their  duties.  Such  expenses  of  the
    12  commission  shall  be  paid  from moneys received by the commission from
    13  appropriations from the  state.  Moneys  appropriated  for  use  of  the
    14  commission  by  the state shall be paid out of the state treasury on the
    15  audit and warrant of the comptroller on vouchers certified  or  approved
    16  by the chairperson of the commission or by an officer or employee of the
    17  commission designated in writing by the chairperson.
    18    § 6. This act shall take effect immediately.