What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Referred to cities
- Referred to cities
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.
Relates to payment of legal fees incurred by cooperative corporations or condominiums in connection with tax certiorari proceedings
In Assembly Committee · Real Property Taxation · Sponsor Edward Braunstein
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S1867
Title of bill
An act to amend the administrative code of the city of New York, in relation to payment of legal fees incurred by cooperative corporations or condominiums in connection with tax certiorari proceedings
Purpose or general idea of bill
The bill relates to the payment of legal fees incurred by cooperative corporations or condominiums in connect with tax certiorari proceedings.
Summary of specific provisions
Section 1 would add section 11-240 to the administrative code of the city of New York. The section states that the city shall pay twenty-five percent of legal fees incurred by a cooperative corporation or condomin- ium board as a result of tax certiorari proceedings brought by the corporation or board regardless of whether such corporation or board prevails in the proceedings,
Section 2 contains the effective date.
Justification
Over recent years, as New York City has released its assessed values of properties, the assessed value is often challenged in tax certiorari proceedings. This results in cooperative corporation or condominium boards spending approximately tens of thousands of dollars in legal fees. Requiring the City of New York to pay part of these attorney's fees would create an incentive for the city to work to assess properties more fairly and thereby reduce the frequency of these proceedings.
Prior legislative history
None.
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately,
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.