Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 13, 2016 |
print number 5584a |
Apr 13, 2016 |
amend and recommit to housing, construction and community development |
Jan 06, 2016 |
referred to housing, construction and community development |
May 15, 2015 |
referred to housing, construction and community development |
Senate Bill S5584A
2015-2016 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development 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
Bill Amendments
2015-S5584 - Details
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §421-a, RPT L
- Versions Introduced in 2017-2018 Legislative Session:
-
S2090
2015-S5584 - Sponsor Memo
BILL NUMBER:S5584 TITLE OF BILL: An act to amend the real property tax law, in relation to municipal monitoring of compliance with requirements of local laws granting certain tax exemptions PURPOSE OR GENERAL IDEA OF BILL: This bill mandates that municipalities monitor compliance with Section 421-tax exemptions provided to property owners. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill amends section 421-a of the real property tax law by adding a new subdivision 16 that states that a municipality that has granted tax exemption status to a project under this section shall moni- tor compliance with the requirements of this section if any local law establishes such exemption. The bill also requires municipalities to retain records documenting such compliance. Section 2 of the bill sets forth an immediate effective date. JUSTIFICATION:
2015-S5584 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5584 2015-2016 Regular Sessions I N S E N A T E May 15, 2015 ___________ Introduced by Sen. AVELLA -- 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 municipal monitoring of compliance with requirements of local laws granting certain tax exemptions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 421-a of the real property tax law is amended by adding a new subdivision 16 to read as follows: 16. A MUNICIPALITY WHICH HAS GRANTED TAX EXEMPTION STATUS TO A PROJECT UNDER THIS SECTION SHALL MONITOR COMPLIANCE WITH THE REQUIREMENTS OF THIS SECTION IF ANY LOCAL LAW ESTABLISHES SUCH EXEMPTION. MUNICI- PALITIES SHALL RETAIN RECORDS DOCUMENTING SUCH COMPLIANCE. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09643-01-5
2015-S5584A (ACTIVE) - Details
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §421-a, RPT L
- Versions Introduced in 2017-2018 Legislative Session:
-
S2090
2015-S5584A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5584A TITLE OF BILL : An act to amend the real property tax law, in relation to municipal monitoring of compliance with requirements of local laws granting certain tax exemptions PURPOSE OR GENERAL IDEA OF BILL : This bill mandates that municipalities monitor compliance with Section 421-tax exemptions provided to property owners. SUMMARY OF SPECIFIC PROVISIONS : Section 1 of the bill amends section 421-a of the real property tax law by adding a new subdivision 18 that states that a municipality that has granted tax exemption status to a project under this section shall monitor compliance with the requirements of this section if any local law establishes such exemption. The bill also requires municipalities to retain records documenting such compliance. Section 2 of the bill sets forth an immediate effective date. JUSTIFICATION : Real property tax exemptions under Section 421-a are an important incentive to encourage property owners to engage in responsible
2015-S5584A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5584--A 2015-2016 Regular Sessions I N S E N A T E May 15, 2015 ___________ Introduced by Sen. AVELLA -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development -- recommitted to the Committee on Housing, Construction and Community Development 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 municipal monitoring of compliance with requirements of local laws granting certain tax exemptions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 421-a of the real property tax law is amended by adding a new subdivision 18 to read as follows: 18. A MUNICIPALITY WHICH HAS GRANTED TAX EXEMPTION STATUS TO A PROJECT UNDER THIS SECTION SHALL MONITOR COMPLIANCE WITH THE REQUIREMENTS OF THIS SECTION IF ANY LOCAL LAW ESTABLISHES SUCH EXEMPTION. MUNICI- PALITIES SHALL RETAIN RECORDS DOCUMENTING SUCH COMPLIANCE. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09643-02-6
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