Bill Text: NY A06372 | 2013-2014 | General Assembly | Introduced
Bill Title: Removes the prohibition on changing an assessment following litigation.
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Introduced - Dead) 2014-01-08 - referred to real property taxation [A06372 Detail]
Download: New_York-2013-A06372-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
6372
2013-2014 Regular Sessions
I N A S S E M B L Y
March 26, 2013
___________
Introduced by M. of A. NOJAY, TENNEY, CORWIN -- Multi-Sponsored by -- M.
of A. ARROYO, HAWLEY -- read once and referred to the Committee on
Real Property Taxation
AN ACT to amend the real property tax law, in relation to prohibition
against change in assessment following litigation; and to repeal
section 727 of such law relating thereto
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Section 727 of the real property tax law is REPEALED.
2 S 2. Subdivision 10 of section 485 of the real property tax law, as
3 added by chapter 87 of the laws of 2001, is amended to read as follows:
4 10. When restrictions have been imposed upon changing future assess-
5 ments of a facility pursuant to [the provisions of either section seven
6 hundred twenty-seven of this chapter or] a formal agreement between the
7 parties, and the facility becomes exempt pursuant to this section, such
8 restrictions shall apply to future assessments of the facility to the
9 same extent as if it had not become exempt pursuant to this section.
10 S 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06110-02-3
