Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Sep 17, 2010 |
signed chap.524 |
Sep 07, 2010 |
delivered to governor |
Jul 01, 2010 |
returned to senate passed assembly ordered to third reading rules cal.537 substituted for a10599 |
Jun 03, 2010 |
referred to ways and means delivered to assembly passed senate |
May 24, 2010 |
advanced to third reading |
May 18, 2010 |
2nd report cal. |
May 17, 2010 |
1st report cal.546 |
Apr 12, 2010 |
referred to housing, construction and community development |
Senate Bill S7454
Signed By Governor2009-2010 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status - Signed by Governor
- 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
(R, C, IP, RFM) 24th Senate District
2009-S7454 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10599
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd ยง421-b, RPT L
2009-S7454 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7454 TITLE OF BILL : An act to amend the real property tax law, in relation to extending the deadline for exemptions for certain private dwellings PURPOSE : This legislation extends for an additional year the ability to complete construction of a residence where construction was previously commenced to take advantage of the 421-b tax incentive program. SUMMARY OF PROVISIONS : This bill amends the real property tax law to extend the date for completion of a residence until July 1, 2011 to be subject to the tax benefits under the 421-b program which sunset on July 1, 2009. JUSTIFICATION : The 421-b tax incentive program currently applies to residences which commenced construction before July 1, 2006 and were completed by July 1, 2008. This program was not extended so its application has ceased with the exception of unfinished units which must obtain a certificate of occupancy by July 1, 2009. This program provides a tax year graduated phase-in of taxes on new home construction or substantial rehabilitation of a one- or two-family home. The crash of the housing market and the difficulty in obtaining construction financing has
2009-S7454 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7454 I N S E N A T E April 12, 2010 ___________ Introduced by Sen. SAVINO -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the real property tax law, in relation to extending the deadline for exemptions for certain private dwellings THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 2 of section 421-b of the real property tax law, as amended by chapter 154 of the laws of 2009, is amended to read as follows: (a) For purposes of this section: "private dwelling" shall mean an owner occupied building or structure, with the land on which the same is constructed, intended for residential use and occupancy by one or more families living independently of each other with separate cooking facil- ities, which is not a multiple dwelling within the meaning of the multi- ple dwelling law, and the construction, reconstruction or conversion of which (i) is commenced after July first, nineteen hundred seventy-eight and before July first, nineteen hundred eighty-two and is completed no later than April first, nineteen hundred eighty-four; (ii) is commenced on or after July first, nineteen hundred eighty-two and before July first, nineteen hundred eighty-six and is completed no later than July first, nineteen hundred eighty-eight; (iii) is commenced on or after July first, nineteen hundred eighty-six and before July first, nineteen hundred ninety and is completed no later than July first, nineteen hundred ninety-two; (iv) is commenced on or after July first, nineteen hundred ninety and before July first, nineteen hundred ninety-four and is completed no later than July first, nineteen hundred ninety-six; (v) is commenced on or after July first, nineteen hundred ninety-four and before July first, nineteen hundred ninety-eight and is completed no later than July first, two thousand; (vi) is commenced on or after July first, nineteen hundred ninety-eight and before July first, two thousand two and is completed no later than July first, two thousand four; or (vii) is commenced on or after July first, two thousand two and before July first, two thousand six and is completed no later than July first, two thousand [ten] ELEVEN. S 2. This act shall take effect immediately.
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.