Relates to the exclusion of uncollectible taxes from the limitation on real estate taxes in New York city

This bill allows New York City and its counties to exclude estimated uncollectible real estate taxes from the annual tax limitation cap. It permits cities to set aside a reserve for taxes they anticipate won't be paid (due to inability or refusal to pay), reducing the amount counted toward the tax limit. The reserve specifically excludes abatements or exemptions authorized by existing tax laws (like those for seniors or historic properties). This change takes effect immediately upon enactment.