Bill Text: NY A07310 | 2019-2020 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          7310
                               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
        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  two  thousand nineteen--two thousand twenty assessment roll, the current
     9  base proportion of any class shall not exceed the adjusted base  propor-
    10  tion or adjusted proportion, whichever is appropriate, of the immediate-
    11  ly preceding year, by more than one percent, provided that such approved
    12  assessing unit has passed a local law, ordinance or resolution providing
    13  therefor. Where the computation of current base proportions would other-
    14  wise  produce  such result, the current base proportion of such class or
    15  classes shall be limited to such one percent increase and  the  legisla-
    16  tive  body  of such approved assessing unit shall alter the current base
    17  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.
                                                                   LBD11245-01-9