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History
- Referred to local government
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Provides that the base proportions for the 2009 assessment roll in the city of Long Beach shall not exceed the adjusted base proportion for the preceding year
In Assembly Committee · Real Property Taxation · Sponsor Harvey Weisenberg
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the real property tax law, in relation to adjusted base proportions in the city of Long Beach for the 2009 assessment roll
Purpose
To provide that the base proportions for the 2009 assessment roll in the city of Long Beach shall not exceed the adjusted base proportion for the preceding year.
Summary of provisions
Section 1 subparagraph (xi) of paragraph (a) of subdivision 3 of section 1903 of the real property tax law, of Chapter 382 of the laws of2009, is amended by adding clause (B) which states; notwithstanding any other provisions of law, in the city of Long Beach and for current base proportions to be determined by taxes based on such city's two thousand nine assessment roll, the current base proportion of any class shall not exceed the adjusted base proportion or adjusted proportion, whichever is appropriate, of the immediately preceding year. Where the computation of current base proportions would otherwise produce such result, the current base proportion of such class or classes shall not increase and the legislative body of such city shall alter the current base proportions of either class so that the sum of the current base proportions equals one.
Justification
This bill would cap the shift to 0% retroactively for the 2009/2010 fiscal year for the City of Long Beach. This would allow for 0% in the 2010/2011 fiscal year.
Legislative history
New legislation.
Fiscal implications
None to the state or localities.
Effective date
This act shall take effect immediately and shall apply to the levy of taxes on the 2009 assessment for the City of Long Beach.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.