What's happening
This bill creates a commission to study and recommend reforms for New York City's real property tax system.
Why it matters
Brings diverse perspectives into tax reform. by requiring commission members to be drawn from New York City’s government, academia, real estate industry, and labor organizations—potentially leading to more balanced and comprehensive recommendations.
Targets specific problems in the property tax system. by mandating the commission to review and recommend changes to the class share system, assessment process, and tax rate formulas, all of which have long been sources of inequity and complexity for property owners.
Accelerates the timeline for reform. by setting a deadline (January 1, 2019) for the commission to deliver its recommendations, signaling a sense of urgency in addressing long-standing issues that affect homeowners, renters, and city finances.
Ensures collaboration across government levels. by requiring support from both state and city agencies, which may improve the quality and practicality of proposed reforms and help align city and state policy approaches.
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Who cares
Headline styles
Study NYC Property Tax Reform
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Enacting clause stricken
- Referred to real property taxation
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
6594
2017-2018 Regular Sessions
IN ASSEMBLY
March 9, 2017
Introduced by M. of A. CUSICK, SIMANOWITZ -- read once and referred to the Committee on Real Property Taxation
AN ACT to establish the New York city tax reform study commission, and providing for its powers and duties
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. There is hereby established the New York city tax reform study commission to provide the governor and the legislature with a blueprint for reforming the local real property tax system in the city of New York.
§ 2. The New York city tax reform study commission shall consist of 11 members of which: three members shall be appointed by the governor, three members shall be appointed by the temporary president of the senate, three members shall be appointed by the speaker of the assembly with one such member appointed upon the recommendation of the mayor of the city of New York, one member shall be appointed by the minority leader of the senate, and one member shall be appointed by the minority leader of the assembly. Such commission shall have at least one member appointed from the New York city municipal government, academia, real estate industry and a recognized labor organization, all based in the city of New York.
§ 3. On or before January 1, 2019, the New York city tax reform study commission shall provide the governor and the legislature with recommendations on any changes that should be made to, at a minimum, the class share system, assessment process and tax rate formulae utilized within the city of New York.
§ 4. The New York city tax reform study commission shall be assisted in its powers and duties pursuant to this act by personnel employed by state and city of New York agencies including, but not limited to, the state department of taxation and finance and the department of finance of the city of New York.
§ 5. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07571-02-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.