Bill Text: NY A07310 | 2019-2020 | General Assembly | Amended
Bill Title: Limits the shift between classes of taxable property in the town of Orangetown, county of Rockland.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2019-07-27 - signed chap.121 [A07310 Detail]
Download: New_York-2019-A07310-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 7310--A 2019-2020 Regular Sessions IN ASSEMBLY April 22, 2019 ___________ Introduced by M. of A. JAFFEE -- read once and referred to the Committee on Real Property Taxation -- 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 limiting the shift between classes of taxable property in the town of Orangetown, county of Rockland The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraph (xix) of paragraph (a) of subdivision 3 of 2 section 1903 of the real property tax law, as added by chapter 139 of 3 the laws of 2018, is amended to read as follows: 4 (xix) Notwithstanding any other provision of law, in an approved 5 assessing unit in the town of Orangetown, county of Rockland and for 6 current base proportions to be determined by taxes based on such 7 approved assessing unit's two thousand eighteen--two thousand nineteen 8 and two thousand nineteen--two thousand twenty assessment [roll] rolls, 9 the current base proportion of any class shall not exceed the adjusted 10 base proportion or adjusted proportion, whichever is appropriate, of the 11 immediately preceding year, by more than one percent, provided that such 12 approved assessing unit has passed a local law, ordinance or resolution 13 providing therefor. Where the computation of current base proportions 14 would otherwise produce such result, the current base proportion of such 15 class or classes shall be limited to such one percent increase and the 16 legislative body of such approved assessing unit shall alter the current 17 base proportion of either class so that the sum of the current base 18 proportions equals one. 19 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11245-02-9