STATE OF NEW YORK
________________________________________________________________________
5487
2015-2016 Regular Sessions
IN ASSEMBLY
February 24, 2015
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Introduced by M. of A. NOJAY, TENNEY, BORELLI, WALTER -- Multi-Sponsored
by -- M. of A. CROUCH -- read once and referred to the Committee on
Real Property Taxation
AN ACT to amend the real property tax law, in relation to allowing for
reasonable attorney fees in an assessment reduced by twenty-five
percent or greater
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 722 of the real property tax law is amended by
2 adding a new subdivision 3 to read as follows:
3 3. If the assessment is reduced by an amount equal to or greater than
4 twenty-five percent of the challenged value, in addition to such addi-
5 tional allowance as may be granted pursuant to subdivision two of this
6 section, reasonable attorney fees shall be allowed against the assessing
7 unit, or in a proceeding to review a special franchise assessment,
8 against the state.
9 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD07797-01-5
