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A07281 Summary:

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A07281 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7281
 
                               2015-2016 Regular Sessions
 
                   IN ASSEMBLY
 
                                       May 1, 2015
                                       ___________
 
        Introduced  by M. of A. RAMOS -- read once and referred to the Committee
          on Real Property Taxation
 
        AN ACT to amend the real property tax law, in relation to adjusted  base
          proportions for assessment rolls
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Subparagraph (iv) of paragraph  (a)  of  subdivision  3  of
     2  section  1903 of the real property tax law, as amended by chapter 216 of
     3  the laws of 2014, is amended to read as follows:
     4    (iv) Notwithstanding any  other  provision  of  law,  in  an  approved
     5  assessing unit in the county of Suffolk and for current base proportions
     6  to  be  determined  by taxes based on such approved assessing unit's two
     7  thousand three - two thousand four, two thousand  four  -  two  thousand
     8  five  and  two  thousand  five  - two thousand six assessment rolls, the
     9  current base proportion of any class shall not exceed the adjusted  base
    10  proportion  or  adjusted  proportion,  whichever  is appropriate, of the
    11  immediately preceding year by more than two percent, or in the  case  of
    12  the  two thousand five--two thousand six, two thousand six--two thousand
    13  seven, two thousand seven--two thousand eight, two  thousand  eight--two
    14  thousand  nine, two thousand twelve--two thousand thirteen, two thousand
    15  thirteen--two thousand fourteen, [and] two thousand fourteen--two  thou-
    16  sand  fifteen, and two thousand fifteen--two thousand sixteen assessment
    17  rolls, one percent. Where the computation of  current  base  proportions
    18  would otherwise produce such result, the current base proportion of such
    19  class  or  classes  shall  be limited to such two percent or one percent
    20  increase whichever is applicable,  and  the  legislative  body  of  such
    21  approved  assessing  unit  shall  alter  the  current base proportion of
    22  either class so that the sum of the current base proportions equals one.
    23    § 2. This act shall take effect immediately.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10572-01-5