Bill Text: NY S05100 | 2011-2012 | General Assembly | Introduced

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Bill Title: Prohibits the increase in real property tax liability of veterans receiving an exemption due to reassessment or revaluation.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-01-04 - REFERRED TO VETERANS, HOMELAND SECURITY AND MILITARY AFFAIRS [S05100 Detail]

Download: New_York-2011-S05100-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5100
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                      May 3, 2011
                                      ___________
       Introduced  by  Sen. MAZIARZ -- read twice and ordered printed, and when
         printed to be committed to the Committee on Veterans, Homeland Securi-
         ty and Military Affairs
       AN ACT to amend the real property tax law, in  relation  to  prohibiting
         the  increase  in real property tax liability of veterans receiving an
         exemption
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Section  458  of  the real property tax law is amended by
    2  adding a new subdivision 5-a to read as follows:
    3    5-A. NOTWITHSTANDING ANY GENERAL OR LOCAL LAW, RULE OR  REGULATION  TO
    4  THE  CONTRARY, NO MUNICIPAL CORPORATION SHALL INCREASE THE REAL PROPERTY
    5  TAX LIABILITY OF ANY PARCEL OF REAL PROPERTY WHICH HAS BEEN  GRANTED  AN
    6  EXEMPTION UNDER THIS SECTION, AS A RESULT OF A REVALUATION, REASSESSMENT
    7  OR  UPDATE,  AS  DEFINED PURSUANT TO SUBDIVISION TWELVE-A OF SECTION ONE
    8  HUNDRED TWO OF THIS CHAPTER, ABOVE THE REAL PROPERTY  TAX  LIABILITY  OF
    9  SUCH  PARCEL ESTABLISHED BY THE ASSESSMENT ROLL PREPARED ON THE BASIS OF
   10  THE TAXABLE STATUS DATE OCCURRING IMMEDIATELY PRIOR TO SUCH REVALUATION,
   11  REASSESSMENT OR UPDATE. NO PROVISION OF THIS SECTION SHALL BE  CONSTRUED
   12  TO  LIMIT  OR PROHIBIT ANY MUNICIPAL CORPORATION, AS DEFINED PURSUANT TO
   13  SUBDIVISION TEN OF  SECTION  ONE  HUNDRED  TWO  OF  THIS  CHAPTER,  FROM
   14  INCREASING  THE  RATE  OF  REAL PROPERTY TAXES ASSESSED ON REAL PROPERTY
   15  LOCATED WITHIN ITS JURISDICTION AS IS OTHERWISE AUTHORIZED AND  PROVIDED
   16  BY LAW.
   17    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD11328-01-1