Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 23, 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.820 |
Apr 13, 2016 |
print number 1125b |
Apr 13, 2016 |
amend and recommit to local government |
Jan 21, 2016 |
print number 1125a |
Jan 21, 2016 |
amend and recommit to local government |
Jan 06, 2016 |
referred to local government |
Jan 08, 2015 |
referred to local government |
Senate Bill S1125B
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-S1125 - Details
2015-S1125 - Sponsor Memo
BILL NUMBER:S1125 TITLE OF BILL: An act to amend the real property tax law, in relation to the eligibility for J-51 tax abatements to reflect cost of living adjustments PURPOSE OR GENERAL IDEA OF BILL: To adjust the J-51 tax abatement minimum assessed property value eligibility to reflect yearly changes in cost of living. SUMMARY OF SPECIFIC PROVISIONS: Section 1. Amends Subdivision 17 of section 489 of the real property tax law regarding eligibility for benefits of subdivision 17. In this subdivision, cooperatively owned buildings or condominiums whose value exceeds the assessed valuation limitation specified in subdivision 17, paragraph (c) shall only be eligible for the benefits of subdivision 17 if alterations or improvements for which the dwelling, building, or structure that applied for the benefits, were carried out with substantial government assistance. Subdivision 17, paragraph (c) assessed value limitation: for the final assessment rolls completed prior to 2016, the assessed value
2015-S1125 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1125 2015-2016 Regular Sessions I N S E N A T E January 8, 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, in relation to the eligibil- ity for J-51 tax abatements to reflect cost of living adjustments THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. 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: 17. (a) For purposes of this subdivision, "substantial governmental assistance" shall mean: (i) grants, loans or subsidies from any federal, state or local agency or instrumentality in furtherance of a program for the development of affordable housing approved by the local housing agency, including, without limitation, financing or insurance provided by the state of New York mortgage agency of the New York city residential mortgage insurance corporation; or (ii) a written agreement between a housing development fund corpo- ration and the local housing agency limiting the incomes of persons entitled to purchase shares or rent housing accommodations therein. (b) Any local law or ordinance providing for benefits pursuant to this section must also provide the following with respect to conversions, alterations or improvements completed on or after December thirty-first, two thousand eleven: (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 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02117-01-5
co-Sponsors
(D) Senate District
2015-S1125A - Details
2015-S1125A - Sponsor Memo
BILL NUMBER: S1125A TITLE OF BILL : An act to amend the real property tax law, in relation to the eligibility for J-51 tax abatements to reflect cost of living adjustments PURPOSE OR GENERAL IDEA OF BILL : To adjust the J-51 tax abatement minimum assessed property value eligibility to reflect yearly changes in cost of living. SUMMARY OF SPECIFIC PROVISIONS : Section 1. Amends Subdivision 17 of section 489 of the real property tax law regarding eligibility for benefits of subdivision 17. In this subdivision, cooperatively owned buildings or condominiums whose value exceeds the assessed valuation limitation specified in subdivision 17, paragraph (c) shall only be eligible for the benefits of subdivision 17 if alterations or improvements for which the dwelling, building, or structure that applied for the benefits, were carried out with substantial government assistance. Subdivision 17, paragraph (c) assessed value limitation: for the final assessment rolls completed prior to 2017, the assessed value limitation shall be $30,000.
2015-S1125A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1125--A 2015-2016 Regular Sessions I N S E N A T E January 8, 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, in relation to the eligibil- ity for J-51 tax abatements to reflect cost of living adjustments THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. 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: 17. (a) For purposes of this subdivision, "substantial governmental assistance" shall mean: (i) grants, loans or subsidies from any federal, state or local agency or instrumentality in furtherance of a program for the development of affordable housing approved by the local housing agency, including, without limitation, financing or insurance provided by the state of New York mortgage agency of the New York city residential mortgage insurance corporation; or (ii) a written agreement between a housing development fund corpo- ration and the local housing agency limiting the incomes of persons entitled to purchase shares or rent housing accommodations therein. (b) Any local law or ordinance providing for benefits pursuant to this section must also provide the following with respect to conversions, alterations or improvements completed on or after December thirty-first, two thousand eleven: (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- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02117-03-6
co-Sponsors
(D) Senate District
2015-S1125B (ACTIVE) - Details
2015-S1125B (ACTIVE) - Sponsor Memo
BILL NUMBER: S1125B TITLE OF BILL : An act to amend the real property tax law, in relation to the eligibility for J-51 tax abatements to reflect cost of living adjustments PURPOSE OR GENERAL IDEA OF BILL : To adjust the J-51 tax abatement minimum assessed property value eligibility to reflect yearly changes in cost of living. SUMMARY OF SPECIFIC PROVISIONS : Section 1. Amends Subdivision 17 of section 489 of the real property tax law regarding eligibility for benefits of subdivision 17. In this subdivision, cooperatively owned buildings or condominiums whose value exceeds the assessed valuation limitation specified in subdivision 17, paragraph (c) shall only be eligible for the benefits of subdivision 17 if alterations or improvements for which the dwelling, building, or structure that applied for the benefits, were carried out with substantial government assistance. Subdivision 17, paragraph (c) assessed value limitation: for the final assessment rolls completed prior to 2018, the assessed value limitation shall be $30,000.
2015-S1125B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1125--B 2015-2016 Regular Sessions I N S E N A T E January 8, 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 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to the eligibil- ity for J-51 tax abatements to reflect cost of living adjustments THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. 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: 17. (a) For purposes of this subdivision, "substantial governmental assistance" shall mean: (i) grants, loans or subsidies from any federal, state or local agency or instrumentality in furtherance of a program for the development of affordable housing approved by the local housing agency, including, without limitation, financing or insurance provided by the state of New York mortgage agency of the New York city residential mortgage insurance corporation; or (ii) a written agreement between a housing development fund corpo- ration and the local housing agency limiting the incomes of persons entitled to purchase shares or rent housing accommodations therein. (b) Any local law or ordinance providing for benefits pursuant to this section must also provide the following with respect to conversions, alterations or improvements completed on or after December thirty-first, two thousand eleven: (i) except as otherwise provided in this section with respect to multiple dwellings, buildings and structures owned and operated either EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02117-04-6
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