S05946 Summary:

BILL NOS05946B
 
SAME ASSAME AS A03491-B
 
SPONSORREICHLIN-MELNICK
 
COSPNSR
 
MLTSPNSR
 
Amd §581, RPT L; amd §339-y, RP L
 
Relates to the taxation of property owned by a cooperative corporation.
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S05946 Actions:

BILL NOS05946B
 
03/23/2021REFERRED TO LOCAL GOVERNMENT
06/07/2021AMEND AND RECOMMIT TO LOCAL GOVERNMENT
06/07/2021PRINT NUMBER 5946A
12/15/2021AMEND AND RECOMMIT TO LOCAL GOVERNMENT
12/15/2021PRINT NUMBER 5946B
01/05/2022REFERRED TO LOCAL GOVERNMENT
06/02/2022COMMITTEE DISCHARGED AND COMMITTED TO RULES
06/02/2022ORDERED TO THIRD READING CAL.1890
06/02/2022SUBSTITUTED BY A3491B
 A03491 AMEND=B Galef
 01/27/2021referred to real property taxation
 02/02/2021reported referred to ways and means
 06/02/2021amend and recommit to ways and means
 06/02/2021print number 3491a
 06/07/2021reported referred to rules
 06/08/2021reported
 06/08/2021rules report cal.543
 06/08/2021ordered to third reading rules cal.543
 01/05/2022ordered to third reading cal.127
 01/10/2022amended on third reading 3491b
 03/29/2022passed assembly
 03/29/2022delivered to senate
 03/29/2022REFERRED TO LOCAL GOVERNMENT
 06/02/2022SUBSTITUTED FOR S5946B
 06/02/20223RD READING CAL.1890
 06/02/2022PASSED SENATE
 06/02/2022RETURNED TO ASSEMBLY
 12/12/2022delivered to governor
 12/23/2022vetoed memo.142
 12/23/2022tabled
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S05946 Committee Votes:

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S05946 Floor Votes:

There are no votes for this bill in this legislative session.
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S05946 Memo:

Memo not available
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S05946 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         5946--B
 
                               2021-2022 Regular Sessions
 
                    IN SENATE
 
                                     March 23, 2021
                                       ___________
 
        Introduced  by  Sen. REICHLIN-MELNICK -- read twice and ordered printed,
          and when printed to be committed to the Committee on Local  Government
          --  committee  discharged,  bill amended, ordered reprinted as amended
          and recommitted  to  said  committee  --  committee  discharged,  bill
          amended,  ordered reprinted as amended and recommitted to said commit-
          tee
 
        AN ACT to amend the real property tax law and the real property law,  in
          relation  to  the  taxation  of property owned by a cooperative corpo-
          ration
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Subdivision 1 of section 581 of the real property tax law
     2  is amended by adding a new paragraph (d) to read as follows:
     3    (d) The provisions of paragraph (a)  of  this  subdivision  shall  not
     4  apply  to  real property owned or leased by a cooperative corporation or
     5  on a condominium basis in a municipal corporation, other than a  special
     6  assessing  unit,  which has adopted, prior to the taxable status date of
     7  the assessment roll upon which its taxes will be levied, a local law or,
     8  for a school district, a resolution providing  that  the  provisions  of
     9  paragraph  (a) of this subdivision shall not apply to such real property
    10  within that municipal corporation; provided, however, the provisions  of
    11  this  paragraph  shall  not  apply to real property owned or leased by a
    12  cooperative corporation or on a condominium basis that had  been  previ-
    13  ously  subject  to  the  provisions of paragraph (a) of this subdivision
    14  prior to January first, two  thousand  twenty-three;  provided  further,
    15  however,  the provisions of this paragraph shall not apply to real prop-
    16  erty owned or leased by a cooperative corporation or  on  a  condominium
    17  basis  that is participating in an affordable housing tax credit program
    18  or has a regulatory agreement with a federal,  state,  or  local  agency
    19  related to affordable housing requirements.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08115-05-1

        S. 5946--B                          2
 
     1    §  2.  Subdivision  1  of  section  339-y  of the real property law is
     2  amended by adding a new paragraph (g) to read as follows:
     3    (g)  The  provisions  of  paragraph  (b) of this subdivision shall not
     4  apply to real property owned or leased by a cooperative  corporation  or
     5  on  a  condominium basis in a municipal corporation other than a special
     6  assessing unit, which has adopted, prior to the taxable status  date  of
     7  the assessment roll upon which its taxes will be levied, a local law or,
     8  for  a  school  district,  a resolution providing that the provisions of
     9  paragraph (b) of this subdivision shall not apply to such real  property
    10  within  that municipal corporation; provided, however, the provisions of
    11  this paragraph shall not apply to real property owned  or  leased  by  a
    12  cooperative  corporation  or on a condominium basis that had been previ-
    13  ously subject to the provisions of paragraph  (b)  of  this  subdivision
    14  prior  to  January  first,  two thousand twenty-three; provided further,
    15  however, the provisions of this paragraph shall not apply to real  prop-
    16  erty  owned  or  leased by a cooperative corporation or on a condominium
    17  basis that is participating in an affordable housing tax credit  program
    18  or  has  a  regulatory  agreement with a federal, state, or local agency
    19  related to affordable housing requirements.
    20    § 3. This act shall take effect immediately and shall apply to assess-
    21  ment rolls prepared on the basis of taxable status dates occurring on or
    22  after January 1, 2023.
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