Bill Text: NY A06138 | 2019-2020 | General Assembly | Introduced

Bill Title: Relates to exemption from taxation of alterations and improvements to multiple dwellings by expanding certain provisions to include cities where the multiple residence law is applicable.

Spectrum: Strong Partisan Bill (Republican 11-1)

Status: (Introduced) 2019-02-28 - referred to real property taxation [A06138 Detail]

Download: New_York-2019-A06138-Introduced.html

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 28, 2019
        Introduced  by  M.  of  A. FITZPATRICK, TAGUE, GIGLIO, SALKA, MIKULIN --
          Multi-Sponsored by -- M. of A.  BARCLAY,  CROUCH,  HAWLEY,  MANKTELOW,
          McDONOUGH,  THIELE  -- read once and referred to the Committee on Real
          Property Taxation
        AN ACT to amend the real property tax law, in relation to exemption from
          taxation of alterations and improvements to multiple dwellings
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. The opening paragraph of paragraph (a) of subdivision 1 of
     2  section 489 of the real property tax law, as amended by  section  19  of
     3  part A of chapter 20 of the laws of 2015, is amended to read as follows:
     4    Any  city to which the multiple dwelling law or the multiple residence
     5  law is applicable, acting through its local legislative  body  or  other
     6  governing  agency,  is hereby authorized and empowered, to and including
     7  January first, two thousand nineteen, to adopt and amend local  laws  or
     8  ordinances  providing  that  any  increase in assessed valuation of real
     9  property shall be exempt from taxation for local purposes,  as  provided
    10  herein, to the extent such increase results from:
    11    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.