Bill Text: NY S04176 | 2017-2018 | General Assembly | Introduced

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Bill Title: Provides that certain excess tax levies by local governments and school districts do not make taxpayers ineligible for the real property tax freeze credit.

Spectrum: Partisan Bill (Republican 5-0)

Status: (Introduced - Dead) 2018-01-03 - REFERRED TO LOCAL GOVERNMENT [S04176 Detail]

Download: New_York-2017-S04176-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          4176
                               2017-2018 Regular Sessions
                    IN SENATE
                                    February 6, 2017
                                       ___________
        Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government
        AN  ACT  to  amend  the  general municipal law and the education law, in
          relation to providing that certain excess tax levies by local  govern-
          ments  and  school  districts do not make taxpayers ineligible for the
          real property tax freeze credit
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subdivision 7 of section 3-c of the general municipal law
     2  is renumbered subdivision 8 and a new subdivision 7 is added to read  as
     3  follows:
     4    7.  In  the  event  a  local  government's actual tax levy for a given
     5  fiscal year exceeds the tax levy limit as established pursuant  to  this
     6  section, such excess amount of the levy shall not cause taxpayers resid-
     7  ing  in  the territory of such local government to be ineligible for the
     8  real property tax freeze credit allowable pursuant to the provisions  of
     9  subdivision  (bbb)  of  section six hundred six of the tax law or affect
    10  the amount of such credit or affect the  amount  of  any  refund  issued
    11  pursuant  to  the  claiming of such credit, provided the actual tax levy
    12  does not increase by more than two percentage points from the actual tax
    13  levy imposed during the previous year.
    14    § 2. Section 2023-a of the education law is amended by  adding  a  new
    15  subdivision 5-a to read as follows:
    16    5-a.  In  the  event  a  school district's actual tax levy for a given
    17  fiscal year exceeds the tax levy limit as established pursuant  to  this
    18  section, such excess amount of the levy shall not cause taxpayers resid-
    19  ing in the territory served by such school district to be ineligible for
    20  the real property tax freeze credit allowable pursuant to the provisions
    21  of subdivision (bbb) of section six hundred six of the tax law or affect
    22  the  amount  of  such  credit  or affect the amount of any refund issued
    23  pursuant to the claiming of such credit, provided the  actual  tax  levy
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01806-04-7
        S. 4176                             2
     1  does not increase by more than two percentage points from the actual tax
     2  levy imposed during the previous year.
     3    §  3.  This act shall take effect immediately; provided, however, that
     4  the amendments to section 3-c of  the  general  municipal  law  made  by
     5  section  one of this act shall not affect the repeal of such section and
     6  shall be deemed repealed therewith; provided, further, that  the  amend-
     7  ments to section 2023-a of the education law made by section two of this
     8  act  shall  not  affect  the  repeal of such section and shall be deemed
     9  repealed therewith.