Assembly Bill A6319

Signed By Governor
2011-2012 Legislative Session

Extends tax benefits for the rehabilitation of single room occupancy housing (SROs)

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-A6319 (ACTIVE) - Details

See Senate Version of this Bill:
S3896
Law Section:
Real Property Tax Law
Laws Affected:
Amd §488-a, RPT L

2011-A6319 (ACTIVE) - Summary

Extends tax benefits for the rehabilitation of single room occupancy housing (SROs).

2011-A6319 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6319

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                             March 14, 2011
                               ___________

Introduced by M. of A. LINARES -- Multi-Sponsored by -- M. of A. GIBSON,
  MCDONOUGH,  MENG,  RIVERA,  N., STEVENSON -- read once and referred to
  the Committee on Real Property Taxation

AN ACT to amend the real property tax law, in relation to extending  tax
  benefits for the rehabilitation of certain multiple dwellings used for
  single room occupancy

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 2 of section 488-a of  the  real  property  tax
law,  as  amended by chapter 609 of the laws of 2006, is amended to read
as follows:
  2. Local legislative action. Any city to which the  multiple  dwelling
law  is  applicable,  acting through its local legislative body or other
governing agency, is hereby authorized and empowered to adopt and  amend
local  laws or ordinances up to and including December thirty-first, two
thousand [eleven] FIFTEEN, to provide  that  any  increase  in  assessed
valuation  of  eligible  real property shall be exempt from taxation for
local purposes and to provide for the abatement  of  taxes  on  eligible
real property, including the land, in accordance with this section.
  S 2. Paragraph (i) of subdivision 3 of section 488-a of the real prop-
erty  tax law, as amended by chapter 609 of the laws of 2006, is amended
to read as follows:
  (i) the eligible improvements are commenced after July first, nineteen
hundred eighty, but prior to December thirty-first, two thousand  [elev-
en] FIFTEEN, and are completed within thirty-six months of commencement;
  S 3. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
A                                                          LBD10004-01-1


              

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