Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 06, 2016 |
referred to real property taxation delivered to assembly passed senate |
Jun 01, 2016 |
ordered to third reading cal.1258 committee discharged and committed to rules |
Jan 06, 2016 |
referred to cities returned to senate died in assembly |
Jun 16, 2015 |
referred to real property taxation delivered to assembly passed senate ordered to third reading cal.1647 |
Jun 11, 2015 |
referred to rules |
Senate Bill S5923
2015-2016 Legislative Session
Sponsored By
(D) 14th 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
co-Sponsors
(D) 11th Senate District
2015-S5923 (ACTIVE) - Details
2015-S5923 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5923 TITLE OF BILL: An act to amend the real property tax law, in relation to giving the New York city department of finance discretion to accept late filings PURPOSE: To provide the Department of Finance the authority to accept late final applications for the Industrial and Commercial Abatement Program. SUMMARY OF PROVISIONS: Section 1 amends subdivision (ii) of subparagraph (a) of paragraph (5) of amends 489-ccccccc of the real property tax law to provide Department of Finance with ability to accept late applications. Section 2 sets forth the effective date. JUSTIFICATION: Industrial and Commercial Abatement Program (ICAP) is a tax abatement in a city with more than one million persons. New York City has used this enabling statute to adopt a local law and has a successful ICAP abatement program. A complex formula credits businesses property tax bills during the years construction is done to improve their property. The purpose of this tax abatement was to incentivize businesses to expand. The program has been very popular and the program has met with success. There is however a small
2015-S5923 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5923 2015-2016 Regular Sessions I N S E N A T E June 11, 2015 ___________ Introduced by Sen. COMRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the real property tax law, in relation to giving the New York city department of finance discretion to accept late filings THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (ii) of paragraph (a) of subdivision 5 of section 489-cccccc of the real property tax law, as added by chapter 119 of the laws of 2008, is amended to read as follows: (ii) Final application. Applicants shall file a final application for benefits no later than one year from the date of issuance of the first building permit for construction work, or, where construction work does not require a building permit, no later than one year from the date of commencement of construction. THE DEPARTMENT OF FINANCE SHALL ACCEPT APPLICATIONS RECEIVED AFTER ONE YEAR FROM THE DATE OF COMMENCEMENT OF CONSTRUCTION AS TIMELY FILED IF IT FINDS NO HARM FROM THE APPLICANT'S LATE FILING OR NO FAULT ON THE PART OF THE APPLICANT IN FAILING TO FILE PRIOR TO THE EXPIRATION OF ONE YEAR. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11630-01-5
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