Bill Text: NY A05487 | 2015-2016 | General Assembly | Introduced
Bill Title: Provides that if an assessment is reduced by 25% or greater of the challenged value, reasonable attorney fees shall be allowed.
Spectrum: Partisan Bill (Republican 6-0)
Status: (Introduced - Dead) 2016-09-19 - enacting clause stricken [A05487 Detail]
Download: New_York-2015-A05487-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 5487 2015-2016 Regular Sessions I N A S S E M B L Y February 24, 2015 ___________ Introduced by M. of A. NOJAY, TENNEY, BORELLI, WALTER -- Multi-Sponsored by -- M. of A. CROUCH -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to allowing for reasonable attorney fees in an assessment reduced by twenty-five percent or greater THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Section 722 of the real property tax law is amended by 2 adding a new subdivision 3 to read as follows: 3 3. IF THE ASSESSMENT IS REDUCED BY AN AMOUNT EQUAL TO OR GREATER THAN 4 TWENTY-FIVE PERCENT OF THE CHALLENGED VALUE, IN ADDITION TO SUCH ADDI- 5 TIONAL ALLOWANCE AS MAY BE GRANTED PURSUANT TO SUBDIVISION TWO OF THIS 6 SECTION, REASONABLE ATTORNEY FEES SHALL BE ALLOWED AGAINST THE ASSESSING 7 UNIT, OR IN A PROCEEDING TO REVIEW A SPECIAL FRANCHISE ASSESSMENT, 8 AGAINST THE STATE. 9 S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07797-01-5