Imposes a surcharge of twenty percent additional tax on properties owned by persons or businesses from states which have financed the transportation of persons into such city for the purpose of making them a public charge; applies to cities with a population of one million or more.
STATE OF NEW YORK
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8606
IN ASSEMBLY
January 12, 2024
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Introduced by M. of A. RAJKUMAR -- read once and referred to the Commit-
tee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to imposing a
surcharge on certain properties in a city with a population of one
million or more
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The real property tax law is amended by adding a new
2 section 307-b to read as follows:
3 § 307-b. Additional tax on certain real property in a city with a
4 population of one million or more. 1. Notwithstanding any provision of
5 any general, specific or local law to the contrary, any city with a
6 population of one million or more is hereby authorized and empowered to
7 adopt and amend local laws in accordance with this section imposing an
8 additional tax on certain real property. Such surcharge shall be the
9 imposition of a tax rate which is twenty percent higher than the other-
10 wise applicable tax rate.
11 2. (a) A local law enacted pursuant to this section may provide for a
12 surcharge on the real property tax on any commercial or residential
13 property of any class in which majority ownership is held by a resident
14 or residents of, or a business, partnership, firm or corporation which
15 is incorporated or has its main offices in, a state which has been
16 determined by the department of finance to have financed the transporta-
17 tion of persons into the city for the purpose of making such persons a
18 public charge, within the past three years.
19 (b) Except as otherwise provided in this section, such tax may be
20 imposed, administered, collected and enforced by the commissioner of
21 finance of such city by such means and in such manner as other taxes
22 that are now imposed, administered, collected and enforced by such
23 commissioner in accordance with the charter or administrative code of
24 any such city or as otherwise may be provided by any such local law.
25 3. Any property or owner thereof which is subject to a surcharge under
26 this section shall be ineligible for any tax abatement, reduction credit
27 or payment in lieu of taxes, except for: a refund of any overpayment of
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14016-01-4
A. 8606 2
1 taxes; a refund due to a redetermination of a property's assessed value;
2 credits for the construction low-income or permanently rent regulated
3 property; or for costs of capital improvements relating to energy or
4 water efficiency.
5 4. The department of finance of any city with a population of one
6 million or more, in coordination with the state department of taxation
7 and finance, shall annually determine which states, if any, financed the
8 transportation of persons into the city for the purpose of making such
9 persons a public charge. The department of finance shall promulgate
10 rules to carry out the provisions of this section.
11 § 2. This act shall take effect immediately.
