New York State Assembly

 
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A09678 Summary:

A09678 Actions:

A09678 Committee Votes:

Committee:REAL PROPERTY TAXATION   Chair:Galef      
DATE:06/06/2016AYE/NAY:10/0  Action: Favorable refer to committee Ways and Means        
Galef
Aye
Lalor
Aye
Dinowitz
Aye
Palmesano
Aye
Robinson
Aye
Gunther
Aye
McDonald
Aye
Gjonaj
Aye
Pichardo
Aye
Buchwald
Aye

Committee:WAYS AND MEANS   Chair:Farrell      
DATE:06/08/2016AYE/NAY:32/0  Action: Favorable refer to committee Rules        
Farrell
Aye
Oaks
Aye
Lentol
Aye
Crouch
Aye
Schimminger
Aye
Barclay
Aye
Gantt
Aye
Fitzpatrick
Aye
Weinstein
Aye
Saladino
Aye
Glick
Aye
Hawley
Aye
Nolan
Excused
Duprey
Excused
Pretlow
Aye
Corwin
Aye
Perry
Aye
Malliotakis
Aye
Colton
Aye
Walter
Aye
Cook
Aye
Cahill
Aye
Aubry
Aye
Hooper
Aye
Thiele
Aye
Wright
Aye
Cusick
Aye
Ortiz
Aye
Benedetto
Aye
Markey
Aye
Moya
Aye
Weprin
Aye
Rodriguez
Aye
Ramos
Excused
Braunstein
Aye

Committee:RULES   Chair:Heastie      
DATE:06/14/2016AYE/NAY:27/0  Action: Favorable         
Heastie
Aye
Kolb
Aye
Gottfried
Aye
Tedisco
Aye
Lentol
Aye
Oaks
Aye
Farrell
Aye
Butler
Aye
Gantt
Aye
Crouch
Aye
Nolan
Aye
Finch
Excused
Weinstein
Aye
Barclay
Aye
Hooper
Aye
Raia
Aye
Ortiz
Aye
Duprey
Aye
Pretlow
Aye
Cook
Aye
Glick
Aye
Morelle
Aye
Aubry
Aye
Englebright
Aye
Wright
Excused
Dinowitz
Excused
Colton
Aye
Magnarelli
Aye
Perry
Aye
Markey
Aye

A09678 Floor Votes:

A09678 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         9678--B
 
                   IN ASSEMBLY
 
                                     March 29, 2016
                                       ___________
 
        Introduced by M. of A. LIFTON -- read once and referred to the Committee
          on  Real  Property  Taxation  --  committee  discharged, bill amended,
          ordered reprinted as amended and  recommitted  to  said  committee  --
          again  reported from said committee with amendments, ordered reprinted
          as amended and recommitted to said committee
 
        AN ACT to amend the real property tax law, in relation  to  providing  a
          real property tax exemption for certain property in certain counties
 
          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 467-j to read as follows:
     3    §  467-j.    Exemption  for  certain residential properties located in
     4  certain counties. 1. After a public hearing, the governing  board  of  a
     5  county with a population greater than one hundred thousand and less than
     6  one  hundred  five  thousand  based upon the latest decennial census may
     7  adopt a local law to grant a partial exemption from taxation and special
     8  ad valorem levies authorized pursuant to this  section.  Following  such
     9  adoption,  any  city,  town  or village within such a county may adopt a
    10  local law and a school district within  such  a  county,  other  than  a
    11  school  district  subject to article fifty-two of the education law, may
    12  adopt a resolution to also grant a partial exemption from  taxation  and
    13  special ad valorem levies authorized pursuant to this section.
    14    2.  The  real  property tax exemption authorized by subdivision one of
    15  this section shall be in an amount equal to the latest  state  equaliza-
    16  tion  rate multiplied by the difference between the full resale value of
    17  such real property absent any restriction and the maximum  resale  value
    18  of  such  real  property established by such ground lease to residential
    19  properties located on land owned by a not-for-profit entity and  subject
    20  to regulatory restrictions from federal, state or local housing programs
    21  that  provide  grants  or  loans  to  enhance  housing affordability and
    22  subject to a ground lease or deed restrictions that restrict the  resale
    23  price of such real property for at least thirty years.
    24    3.  Such exemption shall be granted only upon application by the owner
    25  or owners of such real property on a form prescribed by the  commission-
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14572-07-6
        A. 9678--B                          2

     1  er.    Such  application shall be filed annually with the assessor on or
     2  before the appropriate taxable status date.
     3    § 2. This act shall take effect immediately and shall apply to assess-
     4  ment rolls prepared on the basis of taxable status dates occurring on or
     5  after such date.