Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to cities |
May 19, 2015 |
print number 4998a |
May 19, 2015 |
amend and recommit to cities |
Apr 28, 2015 |
referred to cities |
Senate Bill S4998A
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Cities Committee
- 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
Actions
Bill Amendments
co-Sponsors
(D, WF) 28th Senate District
2015-S4998 - Details
- Current Committee:
- Senate Cities
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §467-a, RPT L
2015-S4998 - Sponsor Memo
BILL NUMBER:S4998 TITLE OF BILL: An act to amend the real property tax law, in relation to a partial abatement of real property taxes for condominiums and cooperatives in a city having a population of one million or more PURPOSE: To extend for five years a real property tax abatement program for cooperative and condominium units in cities of one million or more, to address the inequitable tax treatment of co-op and condo owners SUMMARY OF PROVISIONS: Extends the abatement program for five additional years (for FY commencing 2015, 2016, 2017, 2018, 2019). Paragraphs d-1 through d-4 provide the benefit schedule for dwelling units that serve as the primary residence of their unit owner and up to two additional units located within the same property that are also owned by such owner. The benefits are as follows: o For fiscal years commencing in 2015, 2016, 2017, 2018, 2019, dwelling units in property whose average unit assessed value is less than or equal to $50,000 shall receive a partial abatement of 28.1%. o In fiscal years commencing in 2015, 2016, 2017, 2018, 2019, dwelling units in property whose average unit assessed value is more than
2015-S4998 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4998 2015-2016 Regular Sessions I N S E N A T E April 28, 2015 ___________ Introduced by Sen. 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 a partial abatement of real property taxes for condominiums and cooperatives in a city having a population of one million or more THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraphs (a) and (b) of subdivision 2 of section 467-a of the real property tax law, as amended by chapter 4 of the laws of 2013, are amended to read as follows: (a) In a city having a population of one million or more, dwelling units owned by unit owners who, as of the applicable taxable status date, own no more than three dwelling units in any one property held in the condominium form of ownership, shall be eligible to receive a partial abatement of real property taxes, as set forth in paragraphs (c), (d), (d-1), (d-2), (d-3), (d-4), (d-5) and (d-6) of this subdivi- sion; provided, however, that a property held in the condominium form of ownership that is receiving complete or partial real property tax exemption or tax abatement pursuant to any other provision of this chap- ter or any other state or local law, except as provided in paragraph (f) of this subdivision, shall not be eligible to receive a partial abate- ment pursuant to this section; and provided, further, that sponsors shall not be eligible to receive a partial abatement pursuant to this section; and provided, further, that in the fiscal year commencing in calendar years two thousand [twelve, two thousand thirteen, or two thou- sand fourteen] FIFTEEN, TWO THOUSAND SIXTEEN, TWO THOUSAND SEVENTEEN, TWO THOUSAND EIGHTEEN OR TWO THOUSAND NINETEEN, no more than a maximum of three dwelling units owned by any unit owner in a single building, one of which must be the primary residence of such unit owner, shall be eligible to receive a partial abatement pursuant to paragraphs (d-1), (d-2), (d-3) and (d-4) of this section. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10648-01-5
co-Sponsors
(D) Senate District
(D, WF) 28th Senate District
(D, WF) Senate District
(D) 11th Senate District
2015-S4998A (ACTIVE) - Details
- Current Committee:
- Senate Cities
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §467-a, RPT L
2015-S4998A (ACTIVE) - Sponsor Memo
BILL NUMBER:S4998A TITLE OF BILL: An act to amend the real property tax law, in relation to a partial abatement of real property taxes for condominiums and cooperatives in a city having a population of one million or more PURPOSE: To extend for five years a real property tax abatement program for cooperative and condominium units in cities of one million or more, to address the inequitable tax treatment of co op and condo owners. SUMMARY OF PROVISIONS: Extends the abatement program for five additional years (for FY commencing 2015, 2016, 2017, 2018, 2019). Paragraphs d-1 through d-4 provide the benefit schedule for dwelling units that serve as the primary residence of their unit owner and up to two additional units located within the same property that are also owned by such owner. The benefits are as follows: o For fiscal years commencing in 2015, 2016, 2017, 2018, 2019, dwelling units in property whose average unit assessed value is less
2015-S4998A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4998--A 2015-2016 Regular Sessions I N S E N A T E April 28, 2015 ___________ Introduced by Sens. GOLDEN, KRUEGER -- read twice and ordered printed, and when printed to be committed to the Committee on Cities -- commit- tee discharged, bill amended, ordered reprinted as amended and recom- mitted to said committee AN ACT to amend the real property tax law, in relation to a partial abatement of real property taxes for condominiums and cooperatives in a city having a population of one million or more THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraphs (a) and (b) of subdivision 2 of section 467-a of the real property tax law, as amended by chapter 4 of the laws of 2013, are amended to read as follows: (a) In a city having a population of one million or more, dwelling units owned by unit owners who, as of the applicable taxable status date, own no more than three dwelling units in any one property held in the condominium form of ownership, shall be eligible to receive a partial abatement of real property taxes, as set forth in paragraphs (c), (d), (d-1), (d-2), (d-3), (d-4), (d-5) and (d-6) of this subdivi- sion; provided, however, that a property held in the condominium form of ownership that is receiving complete or partial real property tax exemption or tax abatement pursuant to any other provision of this chap- ter or any other state or local law, except as provided in paragraph (f) of this subdivision, shall not be eligible to receive a partial abate- ment pursuant to this section; and provided, further, that sponsors shall not be eligible to receive a partial abatement pursuant to this section; and provided, further, that in the fiscal [year] YEARS commenc- ing in calendar years two thousand twelve, two thousand thirteen, [or] two thousand fourteen, TWO THOUSAND FIFTEEN, TWO THOUSAND SIXTEEN, TWO THOUSAND SEVENTEEN, TWO THOUSAND EIGHTEEN OR TWO THOUSAND NINETEEN, no more than a maximum of three dwelling units owned by any unit owner in a single building, one of which must be the primary residence of such unit EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10648-02-5
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