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Bill > A06533

NY A06533

NY A06533
Provides that the tax levy limit shall be equal to a zero percent increase over the prior year tax levy when the difference between the total amount of taxes levied for the prior year less the tax levy limit results in a negative number.

summary

Introduced
03/11/2019
In Committee
01/08/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

2019-2020 General Assembly

Bill Summary

Provides that the tax levy limit shall be equal to a zero percent increase over the prior year tax levy when the difference between the total amount of taxes levied for the prior year less the tax levy limit results in a negative number.

AI Summary

This bill provides that the tax levy limit shall be equal to a zero percent increase over the prior year tax levy when the difference between the total amount of taxes levied for the prior year and the tax levy limit results in a negative number. This ensures that the tax levy limit does not result in a negative value, which would otherwise be the case when the total amount of taxes levied for the prior year is less than the tax levy limit. The bill also requires school districts to submit certain information to the state comptroller, commissioner, and commissioner of taxation and finance for the calculation and review of the tax levy limit.

Committee Categories

Education

Sponsors (25)

Last Action

referred to education (on 01/08/2020)

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