Bill Text: NY A06268 | 2013-2014 | General Assembly | Amended

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Bill Title: Requires market-based assessments of real property owned or leased by a cooperative corporation or on a condominium basis which is converted or constructed on or after January 1, 2016.

Spectrum: Moderate Partisan Bill (Republican 4-1)

Status: (Introduced - Dead) 2014-02-04 - print number 6268a [A06268 Detail]

Download: New_York-2013-A06268-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        6268--A
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                    March 25, 2013
                                      ___________
       Introduced  by  M. of A. GALEF, MONTESANO, McLAUGHLIN -- Multi-Sponsored
         by -- M. of A.  FINCH, OAKS -- 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 and the real property law, in
         relation to the assessment of condominiums and cooperatives
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Subdivision 1 of section 581 of the real property tax law
    2  is amended by adding a new paragraph (d) to read as follows:
    3    (D) THE PROVISIONS OF PARAGRAPH (A)  OF  THIS  SUBDIVISION  SHALL  NOT
    4  APPLY  IN  A MUNICIPAL CORPORATION, OTHER THAN A SPECIAL ASSESSING UNIT,
    5  TO A CONDOMINIUM OR COOPERATIVE  UNIT  UNLESS  IT  WAS  SUBJECT  TO  THE
    6  PROVISIONS  OF  PARAGRAPH  (A) OF THIS SUBDIVISION ON JANUARY FIRST, TWO
    7  THOUSAND SIXTEEN.
    8    S 2. Subdivision 1 of section  339-y  of  the  real  property  law  is
    9  amended by adding a new paragraph (g) to read as follows:
   10    (G)  THE  PROVISIONS  OF  PARAGRAPH  (B) OF THIS SUBDIVISION SHALL NOT
   11  APPLY IN A MUNICIPAL CORPORATION, OTHER THAN A SPECIAL  ASSESSING  UNIT,
   12  TO  A  CONDOMINIUM UNIT UNLESS IT WAS SUBJECT TO THE PROVISIONS OF PARA-
   13  GRAPH (B) OF THIS SUBDIVISION ON JANUARY FIRST, TWO THOUSAND SIXTEEN.
   14    S 3. This act shall take effect immediately and shall apply to assess-
   15  ment rolls prepared on the basis of taxable status dates occurring on or
   16  after January 1, 2016.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01148-03-4