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S05984 Summary:
| BILL NO | S05984 |
| SAME AS | SAME AS UNI. A06667 |
| SPONSOR | PALUMBO |
| COSPNSR | |
| MLTSPNSR | |
| Authorizes the town of Southampton, county of Suffolk, to enact by local law a homestead exemption; provides that such exemption shall not exceed $50,000 in full assessed value; authorizes a cap on all annual assessment increases for residential property, not to exceed five percent. | |