New York State Assembly

Bill No.:  

 
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A05873 Summary:

BILL NO	A05873
SAME AS	No Same As
SPONSOR	Castorina
COSPNSR
MLTSPNSR
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.

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A05873 Actions:

BILL NO	A05873
02/16/2017	referred to real property taxation
01/03/2018	referred to real property taxation

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A05873 Committee Votes:

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A05873 Floor Votes:

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A05873 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5873
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 16, 2017
                                       ___________
 
        Introduced  by  M.  of  A.  CASTORINA  --  read once and referred to the
          Committee on Real Property Taxation
 
        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 provision of law to the contrary,
     2  the city council of the city of New York is authorized  to  reduce  real
     3  property  taxes  on  all classes of real property within the city of New
     4  York by eighteen and one-half percent below  that  of  the  tax  on  the
     5  parcel of real property for the prior tax year.
     6    § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08293-01-7

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