S3090-2011 Actions

• Jan 4, 2012: REFERRED TO CITIES
• Jan 4, 2012: returned to senate
• Jan 4, 2012: died in assembly
• Mar 2, 2011: referred to ways and means
• Mar 1, 2011: DELIVERED TO ASSEMBLY
• Mar 1, 2011: PASSED SENATE
• Feb 28, 2011: ADVANCED TO THIRD READING
• Feb 15, 2011: 2ND REPORT CAL.
• Feb 14, 2011: 1ST REPORT CAL.95
• Feb 8, 2011: REFERRED TO CITIES

S3090-2011 Meetings

S3090-2011 Calendars

S3090-2011 Votes

S3090-2011 Memo

BILL NUMBER:S3090

TITLE OF BILL:
An act
to amend the real property tax law, in relation to applications for tax
abatements for industrial and commercial construction work on properties
in a city of one million or more persons

SUMMARY OF PROVISIONS:
Bill section one amends paragraph (a) of subdivision 1 of section
489-dddddd of the Real Property Tax Law to extend the sunset date of
the Industrial and Commercial Abatement Program ("ICAP") from March
1, 2011 to March 1, 2015.

Section 2 of this bill adds a new subdivision 3 to section 489-dddddd
to provide that no benefits will be granted for construction work
unless the first building permit was issued on or before April 1,
2015, or, if no permit was required, unless construction commences on
or before April 1, 2015.

REASONS FOR SUPPORT:
ICAP was enacted by Chapter 119 of the Laws of 2008 to replace the
Industrial and Commercial Incentive Program ("ICIP") to create
significant new economic activity at the lowest possible cost. This
bill will extend ICAP for an additional four years. The bill also
closes a loophole in the law that appeared to allow for indefinite
eligibility once an application was filed and approved, in that the
law did not include a deadline for obtaining a first building permit.
As the law presently reads, if a preliminary application for benefits
was timely filed, an applicant would be able to delay construction
indefinitely. This bill will add a provision to require timely
commencement of the project.

Accordingly, the Mayor urges the earliest possible favorable
consideration of this proposal by the Legislature.

EFFECTIVE DATE:
Immediately.

S3090-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         3090
 2011-2012 Regular Sessions
 I N  SENATE
 February 8, 2011
 
 Introduced by Sens. LANZA, GOLDEN -- read twice and ordered printed, and
 when printed to be committed to the Committee on Cities
 AN  ACT  to amend the real property tax law, in relation to applications
 for tax abatements for industrial and commercial construction work  on
 properties in a city of one million or more persons
 

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

 

Section 1. Paragraph (a) of subdivision 1 of section 489-dddddd of the
 real property tax law, as amended by chapter 138 of the laws of 2008, is
 amended to read as follows:

 (a) Application for benefits pursuant to this title may be made  imme
 diately  following the effective date of a local law enacted pursuant to
 this title and continuing  until  March  first,  two  thousand  [eleven]
 FIFTEEN.
 

S  2. 

Section  489-dddddd  of the real property tax law is amended by
 adding a new subdivision 3 to read as follows:

 3. COMMENCEMENT OF WORK. (A) NO BENEFITS PURSUANT TO THIS TITLE  SHALL
 BE GRANTED FOR CONSTRUCTION WORK PERFORMED PURSUANT TO A BUILDING PERMIT
 ISSUED AFTER APRIL FIRST, TWO THOUSAND FIFTEEN.
 (B)  IF  NO BUILDING PERMIT WAS REQUIRED, THEN NO BENEFITS PURSUANT TO
 THIS TITLE SHALL BE GRANTED FOR CONSTRUCTION WORK THAT IS NOT  COMMENCED
 ON OR BEFORE APRIL FIRST, TWO THOUSAND FIFTEEN.
 

S 3. This act shall take effect immediately.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09275-01-1

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