Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 24, 2016 |
referred to real property taxation delivered to assembly passed senate |
May 18, 2016 |
advanced to third reading |
May 17, 2016 |
2nd report cal. |
May 16, 2016 |
1st report cal.821 |
Apr 13, 2016 |
print number 5807a |
Apr 13, 2016 |
amend and recommit to local government |
Jan 06, 2016 |
referred to local government |
Jun 03, 2015 |
referred to local government |
Senate Bill S5807A
2015-2016 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Assembly 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
Votes
Bill Amendments
co-Sponsors
(D) Senate District
2015-S5807 - Details
2015-S5807 - Sponsor Memo
BILL NUMBER:S5807 TITLE OF BILL: An act to amend the real property tax law and the administrative code of the city of New York, in relation to increasing the average assessed value threshold SUMMARY OF PROVISIONS: Section 1 amends subparagraph (i) of paragraph (b) of subdivision 17 of section 489 of the real property tax law by increasing the co-op and condominiums average assessed value eligibility threshold for J-51 benefits from $30,000 to $50,000. Section 2 amends subparagraph subparagraph (ii) of paragraph 3 of subdivision d of section 11-243 of the administrative code of the city of New York, by increasing the co-op and condominiums average assessed value eligibility threshold for J-51 benefits from $30,000 to $50,000. Sections 3 and 4 amend the opening paragraph of paragraph (a) of subdivision 1 and the closing paragraph of subparagraph 6 of paragraph (a) of subdivision 1 of section 489 of the real property tax law to provide for a 5-year extension of the J-51 benefits program. Section 5 provides for an immediate effective date.
2015-S5807 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5807 2015-2016 Regular Sessions I N S E N A T E June 3, 2015 ___________ Introduced by Sen. AVELLA -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law and the administrative code of the city of New York, in relation to increasing the average assessed value threshold THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (i) 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: (i) except as otherwise provided in this section with respect to multiple dwellings, buildings and structures owned and operated either by limited-profit housing companies established pursuant to article two of the private housing finance law or redevelopment companies estab- lished pursuant to article five of the private housing finance law, or with respect to a group of multiple dwellings that was developed as a planned community and that is owned as two separate condominiums containing a total of ten thousand or more dwelling units, any multiple dwelling, building or structure that is owned as a cooperative or a condominium that has an average assessed value of [thirty] FIFTY thou- sand dollars or more per dwelling unit shall only be eligible for such benefits if the alterations or improvements for which such multiple dwelling, building or structure has applied for the benefits pursuant to this section were carried out with substantial governmental assistance; and S 2. Subparagraph (ii) of paragraph 3 of subdivision d of section 11-243 of the administrative code of the city of New York, as amended by local law number 49 of the city of New York for the year 1993, is amended to read as follows: (ii) is owned as a condominium and is occupied as the residence or home of three or more families living independently of each other; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11320-02-5
co-Sponsors
(D) Senate District
2015-S5807A (ACTIVE) - Details
2015-S5807A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5807A TITLE OF BILL : An act to amend the real property tax law and the administrative code of the city of New York, in relation to increasing the average assessed value threshold SUMMARY OF PROVISIONS : Section 1 amends subparagraph (i) of paragraph (b) of subdivision 17 of section 489 of the real property tax law by increasing the co-op and condominiums average assessed value eligibility threshold for J-51 benefits from $30,000 to $50,000. Section 2 amends subparagraph subparagraph (ii) of paragraph 3 of subdivision d of section 11-243 of the administrative code of the city of New York, by increasing the co-op and condominiums average assessed value eligibility threshold for J-51 benefits from $30,000 to $50,000. Sections 3 and 4 amend the opening paragraph of paragraph (a) of subdivision 1 and the closing paragraph of subparagraph 6 of paragraph (a) of subdivision 1 of section 489 of the real property tax law to provide for a 5-year extension of the J-51 benefits program. Section 5 provides for an immediate effective date. JUSTIFICATION :
2015-S5807A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5807--A 2015-2016 Regular Sessions I N S E N A T E June 3, 2015 ___________ Introduced by Sens. AVELLA, KLEIN -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- recommitted to the Committee on Local Government in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law and the administrative code of the city of New York, in relation to increasing the average assessed value threshold THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (i) 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: (i) except as otherwise provided in this section with respect to multiple dwellings, buildings and structures owned and operated either by limited-profit housing companies established pursuant to article two of the private housing finance law or redevelopment companies estab- lished pursuant to article five of the private housing finance law, or with respect to a group of multiple dwellings that was developed as a planned community and that is owned as two separate condominiums containing a total of ten thousand or more dwelling units, any multiple dwelling, building or structure that is owned as a cooperative or a condominium that has an average assessed value of [thirty] FIFTY thou- sand dollars or more per dwelling unit shall only be eligible for such benefits if the alterations or improvements for which such multiple dwelling, building or structure has applied for the benefits pursuant to this section were carried out with substantial governmental assistance; and S 2. Subparagraph (ii) of paragraph 3 of subdivision d of section 11-243 of the administrative code of the city of New York, as amended by EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11320-03-6
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