Bill Text: NY S07640 | 2011-2012 | General Assembly | Amended

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Bill Title: Provides that in an assessing unit which is a city the current base proportion of any class shall not exceed the adjusted base proportion or adjusted proportion of the preceding year by more than 1 1/2 precent.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2012-06-29 - SIGNED CHAP.90 [S07640 Detail]

Download: New_York-2011-S07640-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        7640--A
                                   I N  S E N A T E
                                     June 11, 2012
                                      ___________
       Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
         printed to be  committed  to  the  Committee  on  Rules  --  committee
         discharged, bill amended, ordered reprinted as amended and recommitted
         to said committee
       AN  ACT  to amend the real property tax law, in relation to the determi-
         nation of adjusted base proportions in special assessing  units  which
         are cities for the fiscal year 2013
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision 1 of section 1803-a of the  real  property  tax
    2  law is amended by adding a new paragraph (x) to read as follows:
    3    (X)  NOTWITHSTANDING  THE PROVISIONS OF PARAGRAPH (C) OF THIS SUBDIVI-
    4  SION TO THE CONTRARY, IN A SPECIAL ASSESSING UNIT WHICH IS  A  CITY  AND
    5  FOR  CURRENT BASE PROPORTIONS TO BE DETERMINED IN SUCH SPECIAL ASSESSING
    6  UNIT'S FISCAL YEAR TWO THOUSAND THIRTEEN, THE CURRENT BASE PROPORTION OF
    7  ANY CLASS SHALL NOT EXCEED THE  ADJUSTED  BASE  PROPORTION  OR  ADJUSTED
    8  PROPORTION,  WHICHEVER IS APPROPRIATE, OF THE IMMEDIATELY PRECEDING YEAR
    9  BY MORE THAN ONE AND ONE-HALF PERCENT. WHERE THE  COMPUTATION  PERFORMED
   10  PURSUANT  TO  PARAGRAPH  (B) OF THIS SUBDIVISION WOULD OTHERWISE PRODUCE
   11  SUCH RESULT, THE CURRENT BASE PROPORTION OF SUCH CLASS OR CLASSES  SHALL
   12  BE  LIMITED  TO  A ONE AND ONE-HALF PERCENT INCREASE AND THE LEGISLATIVE
   13  BODY OF SUCH SPECIAL ASSESSING UNIT SHALL ALTER THE CURRENT BASE PROPOR-
   14  TION OF ANY OR ALL REMAINING CLASSES SO THAT THE SUM OF THE CURRENT BASE
   15  PROPORTIONS EQUALS ONE.
   16    S 2. In the event the special assessing unit which is a city has  sent
   17  out  real  property  tax  bills for its fiscal year 2013 before this act
   18  shall have become a law, the city shall take such actions as are  neces-
   19  sary,  consistent  with  applicable  state  and local law, to effect the
   20  provisions of section one of this act, including, but  not  limited  to,
   21  revising  the  current  base  proportions and adjusted base proportions,
   22  resetting the real property tax rates and sending amended real  property
   23  tax  bills.  Provided, however, that nothing in this act shall be deemed
   24  to affect the obligation of any taxpayer with respect to the payment  of
   25  any  installment of real property tax for such fiscal year which was due
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD16178-02-2
       S. 7640--A                          2
    1  and payable prior to the date such amended real property tax  bills  are
    2  sent;  for this purpose, such obligations shall be determined in accord-
    3  ance with the applicable provisions of law that  were  in  effect  imme-
    4  diately  prior to the effective date of this act, and such city shall be
    5  authorized to determine the date on which amended bills are to  be  sent
    6  and  the  installments  of  real  property tax which are to be reflected
    7  therein.
    8    S 3. This act shall take effect immediately.