Senate Bill S5247

2013-2014 Legislative Session

Revives and extends the expiration of provisions authorizing the city of New York to exempt certain new multiple dwellings from real property taxation

download bill text pdf

Sponsored By

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

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2013-S5247 (ACTIVE) - Details

Current Committee:
Senate Cities
Law Section:
Real Property Taxation
Laws Affected:
Amd ยง12, NYC, LL 58 of 2006

2013-S5247 (ACTIVE) - Summary

Revives and extends the expiration of provisions authorizing the city of New York to exempt certain new multiple dwellings from real property taxation.

2013-S5247 (ACTIVE) - Sponsor Memo

2013-S5247 (ACTIVE) - Bill Text download pdf

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

                                  5247

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 15, 2013
                               ___________

Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Cities

AN ACT to amend local law number 58 of the city of New York for the year
  2006, amending the New York city charter and the  administrative  code
  of the city of New York relating to the establishment of an affordable
  housing  fund and benefits, in relation to extending the expiration of
  exemption of new multiple dwellings from real property taxation

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

  Section  1.  Section 12 of local law number 58 of the city of New York
for the year 2006, amending the New York city charter and  the  adminis-
trative code of the city of New York relating to the establishment of an
affordable housing fund and benefits, is amended to read as follows:
  S  12.  This  local  law  shall  take effect one year after enactment,
provided that the commissioner of housing preservation  and  development
shall take such actions as are necessary for its implementation prior to
such  effective  date  [and  further provided, that sections one through
eight of this local law shall expire four years after their enactment].
  S 2. This act shall take effect immediately and  shall  be  deemed  to
have been in full force and effect on and after December 28, 2010.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10674-02-3


              

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