Bill Text: NY A02686 | 2011-2012 | General Assembly | Introduced

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Bill Title: Excludes environmental contamination from consideration as a factor for assessment.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-03-13 - held for consideration in real property taxation [A02686 Detail]

Download: New_York-2011-A02686-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2686
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 20, 2011
                                      ___________
       Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
         tee on Real Property Taxation
       AN ACT to amend the real property tax  law,  in  relation  to  excluding
         environmental contamination from consideration as a factor for assess-
         ment
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 706 of the real property  tax  law  is  amended  by
    2  adding a new subdivision 3 to read as follows:
    3    3.  FOR  THE PURPOSES OF ASSESSMENT, ENVIRONMENTAL CONTAMINATION SHALL
    4  BE EXCLUDED FROM CONSIDERATION.
    5    S 2. This act shall take effect immediately and shall  apply  to  real
    6  property with a taxable status date on or after such date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD03044-01-1