- Summary
- Actions
- Floor Votes
- Memo
- Text
S01866 Summary:
| BILL NO | S01866 |
| SAME AS | SAME AS A00915 |
| SPONSOR | STAVISKY |
| COSPNSR | |
| MLTSPNSR | |
| Add S11-240, NYC Ad Cd | |
| Provides that assessed values of cooperative units and condominiums shall not increase by more than 3% in the two years following resolution of tax certiorari proceedings. | |
S01866 Actions:
| BILL NO | S01866 | |||||||||||||||||||||||||||||||||||||||||||||||||
| 01/09/2013 | REFERRED TO CITIES | |||||||||||||||||||||||||||||||||||||||||||||||||
| 01/08/2014 | REFERRED TO CITIES | |||||||||||||||||||||||||||||||||||||||||||||||||
S01866 Floor Votes:
There are no votes for this bill in this legislative session.
Go to topS01866 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 1866 2013-2014 Regular Sessions IN SENATE (Prefiled) January 9, 2013 ___________ Introduced by Sen. STAVISKY -- read twice and ordered printed, and when printed to be committed to the Committee on Cities AN ACT to amend the administrative code of the city of New York, in relation to rates of increase of assessed values of cooperative units and condominiums The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The administrative code of the city of New York is amended 2 by adding a new section 11-240 to read as follows: 3 § 11-240 Assessments following tax certiorari settlement. The assessed 4 value of real property owned or leased by a cooperative corporation or 5 on a condominium basis shall increase by no more than three percent in 6 the two years following the resolution of tax certiorari proceedings on 7 such property. 8 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04258-01-3