New York State Assembly

Bill No.:  

 
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S02946 Summary:

BILL NO	S02946
SAME AS	SAME AS A00250
SPONSOR	STAVISKY
COSPNSR	LIU
MLTSPNSR
Add §11-240.2, 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.

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S02946 Actions:

BILL NO	S02946
01/31/2019	REFERRED TO CITIES
06/17/2019	COMMITTEE DISCHARGED AND COMMITTED TO RULES
06/17/2019	ORDERED TO THIRD READING CAL.1421
06/17/2019	PASSED SENATE
06/17/2019	DELIVERED TO ASSEMBLY
06/17/2019	referred to housing
01/08/2020	died in assembly
01/08/2020	returned to senate
01/08/2020	REFERRED TO CITIES

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S02946 Committee Votes:

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S02946 Floor Votes:

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S02946 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          2946
 
                               2019-2020 Regular Sessions
 
                    IN SENATE
 
                                    January 31, 2019
                                       ___________
 
        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 11-240.2 to read as follows:
     3    §  11-240.2  Assessments  following  tax  certiorari  settlement.  The
     4  assessed  value of real property owned or leased by a cooperative corpo-
     5  ration or on a condominium basis shall increase by no  more  than  three
     6  percent  in  the  two  years  following the resolution of tax certiorari
     7  proceedings on 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.
                                                                   LBD02660-01-9

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