Bill Text: NY A05297 | 2017-2018 | General Assembly | Amended

New York Assembly Bill 5297 (Prior Session Legislation)

Bill Title: Limits the amount of a property tax shift from one class of property to another for 2018-2019 in the county of Suffolk.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2018-06-19 - substituted by s8932 [A05297 Detail]

Download: New_York-2017-A05297-Amended.html

                STATE OF NEW YORK
        ________________________________________________________________________
                                         5297--A
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    February 7, 2017
                                       ___________
        Introduced  by M. of A. RAMOS -- read once and referred to the Committee
          on Real Property Taxation -- recommitted  to  the  Committee  on  Real
          Property  Taxation  in  accordance  with  Assembly  Rule  3, sec. 2 --
          committee discharged, bill amended, ordered reprinted as  amended  and
          recommitted to said committee
        AN  ACT to amend the real property tax law, in relation to adjusted base
          proportions for assessment rolls
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subparagraph  (iv)  of  paragraph (a) of subdivision 3 of
     2  section 1903 of the real property tax law, as amended by chapter 152  of
     3  the laws of 2017, is amended to read as follows:
     4    (iv)  Notwithstanding  any  other  provision  of  law,  in an approved
     5  assessing unit in the county of Suffolk and for current base proportions
     6  to be determined by taxes based on such approved  assessing  unit's  two
     7  thousand  three  -  two  thousand four, two thousand four - two thousand
     8  five and two thousand five - two  thousand  six  assessment  rolls,  the
     9  current  base proportion of any class shall not exceed the adjusted base
    10  proportion or adjusted proportion,  whichever  is  appropriate,  of  the
    11  immediately  preceding  year by more than two percent, or in the case of
    12  the two thousand five--two thousand six, two thousand six--two  thousand
    13  seven,  two  thousand seven--two thousand eight, two thousand eight--two
    14  thousand nine, two thousand twelve--two thousand thirteen, two  thousand
    15  thirteen--two  thousand  fourteen,  two  thousand fourteen--two thousand
    16  fifteen,  two  thousand  fifteen--two  thousand  sixteen,  two  thousand
    17  sixteen--two thousand seventeen, [and] two thousand seventeen--two thou-
    18  sand  eighteen, and two thousand eighteen--two thousand nineteen assess-
    19  ment  rolls,  one  percent.  Where  the  computation  of  current   base
    20  proportions  would  otherwise  produce  such  result,  the  current base
    21  proportion of such class or classes shall be limited to such two percent
    22  or one percent increase whichever is  applicable,  and  the  legislative
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01737-03-8

        A. 5297--A                          2
     1  body  of  such  approved  assessing  unit  shall  alter the current base
     2  proportion of  either  class  so  that  the  sum  of  the  current  base
     3  proportions equals one.
     4    § 2. This act shall take effect immediately.