Makes technical corrections to the real property tax law relating to the commencement and completion dates for benefit qualifying alterations and improvements.

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S3851A-2013 Actions

• May 1, 2013: ADVANCED TO THIRD READING
• Apr 30, 2013: 2ND REPORT CAL.
• Apr 29, 2013: 1ST REPORT CAL.436
• Mar 1, 2013: PRINT NUMBER 3851A
• Mar 1, 2013: AMEND AND RECOMMIT TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
• Feb 22, 2013: REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

S3851A-2013 Meetings

Housing, Construction and Community Development: Apr 29, 2013, Housing, Construction and Community Development: Mar 11, 2013

S3851A-2013 Calendars

Floor Calendar: Apr 30, 2013 , Floor Calendar: May 1, 2013 , Floor Calendar: May 6, 2013 , Floor Calendar: May 7, 2013 , Floor Calendar: May 8, 2013 , Floor Calendar: May 20, 2013 , Floor Calendar: May 21, 2013 , Floor Calendar: May 22, 2013 , Floor Calendar: May 23, 2013 , Floor Calendar: May 29, 2013

S3851A-2013 Votes

S3851A-2013 Memo

BILL NUMBER:S3851A

TITLE OF BILL:  An act to amend the real property tax law, in relation
to exemption from taxation of alterations and improvements to multiple
dwellings to eliminate fire and health hazards

PURPOSE:

Makes technical corrections to the real property tax law relating to
the commencement and completion dates for benefit qualifying
alterations and improvements to ensure that projects in progress upon
expiration could continue to qualify for benefits.

SUMMARY OF PROVISIONS:

Provides projects commenced on or before Dec. 31, 2011 and complete
before Dec. 31, 2014 will qualify for benefits under the J-5I program.

EXISTING LAW:

Ch. 4 of the L. of 2013 would have required certain properties to have
completed work on or before December 31, 2011 in order to qualify for
benefits. This will allow those projects to complete under the old
J-51 program rules and continue the requirements for those projects
commenced on and after January 1, 2012.

JUSTIFICATION:

Chapter 4 of the Laws of 2013 resulted in unfair treatment of
properties which had been in the process of making alterations or
improvements, or that had commenced a conversion prior to the
expiration of the J-51 program. The J-51 program has been continued in
Chapter 4 but has set new threshold requirements in order to receive
benefits. Those projects which had been underway when the existing law
expired had a reasonable expectation in having the program continue
and that the properties would receive the benefits under the J-51
program. This legislation creates a narrow window to allow those
properties to continue to qualify for benefits, while continuing the
important reforms to the program for projects commenced after January
1, 2012.

LEGISLATIVE HISTORY:

New Bill

FISCAL IMPLICATIONS:

None to the State.

EFFECTIVE DATE:  On the same date and in the same manner as Ch. 4 of
the Laws of 2013.

S3851A-2013 Text

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

                                   3851--A

                         2013-2014 Regular Sessions

                              I N  SENATE

                              February 22, 2013
                                 ___________

  Introduced by Sens. GOLDEN, YOUNG -- read twice and ordered printed, and
    when printed to be committed to the Committee on Housing, Construction
    and  Community  Development  --  committee  discharged,  bill amended,
    ordered reprinted as amended and recommitted to said committee

  AN ACT to amend the real property tax law, in relation to exemption from
    taxation of alterations and  improvements  to  multiple  dwellings  to
    eliminate fire and health hazards

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


    Section 1. The opening paragraph of paragraph (b) of subdivision 17 of
  section 489 of the real property tax law, as added by chapter 4  of  the
  laws of 2013, is amended to read as follows:

    Any  local  law  or  ordinance providing for benefits pursuant to this
  section must also provide the following  with  respect  to  conversions,
  alterations or improvements [completed] FOR WHICH A NOTICE OF INTENT WAS
  FILED  on  or  [after] BEFORE December thirty-first, two thousand eleven
  AND COMPLETED ON OR BEFORE DECEMBER THIRTY-FIRST, TWO THOUSAND FOURTEEN:

    S 2. This act shall take effect immediately and  shall  be  deemed  to
  have  been  in  full  force  and effect on the same date and in the same
  manner as section 3 of chapter 4 of the laws of 2013, took effect.




   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD09001-03-3