BILL NUMBER: S265
SPONSOR: HARCKHAM
 
TITLE OF BILL:
An act in relation to directing the state board of real property tax
services to conduct a study on real property tax saturation; and provid-
ing for the repeal of such provisions upon expiration thereof
 
PURPOSE:
Directs the state board of real property tax services to conduct a study
on real property tax saturation.
 
SUMMARY OF PROVISIONS:
Section 1 defines the term "real property tax saturation".
Section 2 authorizes the state board of real property tax services to
conduct a study on real property tax saturation, and outlines what the
study could include.
Section 3 outlines that the results of the study and legislative recom-
mendations shall be delivered to the governor, the temporary president
of the senate and the speaker of the assembly.
Section 4 states the effective date.
 
JUSTIFICATION:
New Yorkers have some of the highest tax rates in the country and some
municipalities feel that they are overburdened with un-taxable proper-
ties within their jurisdiction. This legislation seeks to establish a
study that would look into the real property tax saturation and poten-
tial legislative solutions to any issues discovered.
 
LEGISLATIVE HISTORY:
2022-2024: S60 - Passed Senate/Died in Local Government
2021-2022: S1202/A6227 - Passed Senate/Died in Real Property Taxation
2019-2020: S5312 - Passed Senate
 
FISCAL IMPLICATIONS:
None to the State.
 
EFFECTIVE DATE:
This act shall take effect immediately and shall expire and be deemed
repealed two years after such effective date, or upon delivery of the
report required by section three of this act, whichever comes first;
provided that the board of real property tax services shall notify the
legislative bill drafting commission upon delivery of the report
required by section three of this act in order that the commission may
maintain an accurate and timely effective database of the official text
of the laws of state of New York in furtherance of effectuating the
provisions of section 44 of the legislative law and section 70-b of the
public officers law.