Bill Text: NY S04767 | 2023-2024 | General Assembly | Introduced

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Bill Title: Directs a city with a population of one million or more to reduce its real property tax levy for the 2024 fiscal year by an amount not less than the real property tax increase authorized pursuant to local law 40 of the city of New York for the year 2002.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-01-03 - REFERRED TO CITIES 1 [S04767 Detail]

Download: New_York-2023-S04767-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4767

                               2023-2024 Regular Sessions

                    IN SENATE

                                    February 14, 2023
                                       ___________

        Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Cities 1

        AN ACT directing a city with a population of  one  million  or  more  to
          reduce its real property tax levy

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Notwithstanding any provision of general, special or  local
     2  law  to  the  contrary,  a city with a population of one million or more
     3  shall reduce its real property tax levy for the 2024 fiscal year  by  an
     4  amount  not less than the real property tax increase authorized pursuant
     5  to local law 40 of the city of New York for the year 2002.
     6    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08733-01-3