Bill Text: NY S00514 | 2009-2010 | General Assembly | Introduced

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Bill Title: Provides that the city of New York is authorized to reduce property taxes on all classes of property within the city by eighteen and one-half percent.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2010-01-06 - REFERRED TO CITIES [S00514 Detail]

Download: New_York-2009-S00514-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          514
                              2009-2010 Regular Sessions
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 7, 2009
                                      ___________
       Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
         printed to be committed to the Committee on Cities
       AN ACT authorizing the city of New York to reduce property taxes on  all
         classes of property within such city by eighteen and one-half percent
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Notwithstanding any other law, rule or  regulation  to  the
    2  contrary,  the city council of the city of New York is hereby authorized
    3  to reduce property taxes on all classes of property within the  city  of
    4  New York by eighteen and one-half percent below that of the property tax
    5  on the property for the prior tax year.
    6    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD02994-01-9