Bill Text: NY A06268 | 2013-2014 | General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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-Introduced.html
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-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 6268 2013-2014 Regular Sessions I N A S S E M B L Y March 25, 2013 ___________ Introduced by M. of A. GALEF, CASTRO, MONTESANO, McLAUGHLIN -- Multi- Sponsored by -- M. of A. FINCH, JORDAN, OAKS -- read once and referred to the Committee on Real Property Taxation 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 FIFTEEN. 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 FIFTEEN. 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, 2015. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01148-01-3