Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 20, 2018 |
committed to rules |
Mar 26, 2018 |
amended on third reading (t) 1487a |
Jan 30, 2018 |
advanced to third reading |
Jan 29, 2018 |
2nd report cal. |
Jan 23, 2018 |
1st report cal.264 |
Jan 03, 2018 |
referred to local government returned to senate died in assembly |
Jun 19, 2017 |
referred to real property taxation delivered to assembly passed senate |
Mar 01, 2017 |
advanced to third reading |
Feb 28, 2017 |
2nd report cal. |
Feb 14, 2017 |
1st report cal.226 |
Jan 09, 2017 |
referred to local government |
Senate Bill S1487A
2017-2018 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Rules 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
2017-S1487 - Details
- See Assembly Version of this Bill:
- A1203
- Current Committee:
- Senate Rules
- Law Section:
- New York City Administrative Code
- Laws Affected:
- Amd §11-243, NYC Ad Cd; amd §489, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
S6362, A8566
2015-2016: S1125, A579
2019-2020: S3985, A2092, A8352
2017-S1487 - Sponsor Memo
BILL NUMBER: S1487 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 limitation to $40,000. SUMMARY OF SPECIFIC PROVISIONS : Section 1 amends subparagraph (iv) of paragraph (c) of subdivision 17 of section 489 of the real property tax law, as amended by chapter 388 of the laws of 2016, by stating that "the assessed value limitation shall not at any time exceed forty thousand dollars." Section 2 contains the effective date. JUSTIFICATION : The J-51 tax abatement is a property tax exemption and abatement received by buildings for renovating a residential apartment building.
2017-S1487 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1487 2017-2018 Regular Sessions I N S E N A T E January 9, 2017 ___________ Introduced by Sens. AVELLA, KLEIN -- 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. Subparagraph (iv) of paragraph (c) of subdivision 17 of section 489 of the real property tax law, as added by chapter 388 of the laws of 2016, is amended to read as follows: (iv) Notwithstanding anything to the contrary contained herein, the assessed value limitation shall not at any time exceed [thirty-five] FORTY thousand dollars. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07089-01-7
co-Sponsors
(D) Senate District
2017-S1487A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A1203
- Current Committee:
- Senate Rules
- Law Section:
- New York City Administrative Code
- Laws Affected:
- Amd §11-243, NYC Ad Cd; amd §489, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
S6362, A8566
2015-2016: S1125, A579
2019-2020: S3985, A2092, A8352
2017-S1487A (ACTIVE) - Sponsor Memo
BILL NUMBER: S1487A SPONSOR: AVELLA TITLE OF BILL: An act to amend the administrative code of the city of New York and the real property tax law, in relation to increasing the average assessed value threshold; and to amend the real property tax law, in relation to the eligibility for J-51 tax abatements to reflect cost of living adjustments PURPOSE: To adjust the J-51 tax abatement minimum assessed property value eligi- bility to reflect yearly changes in cost of living. SUMMARY OF PROVISIONS: Section 1 amends subparagraph (ii) of paragraph 3 of subdivision d of Section 11-243 of the administrative code of the city of New York to
2017-S1487A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1487--A Cal. No. 264 2017-2018 Regular Sessions I N S E N A T E January 9, 2017 ___________ 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 -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the administrative code of the city of New York and the real property tax law, in relation to increasing the average assessed value threshold; and to amend the real property tax law, in relation to the eligibility 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. 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; provided, however, that, in addition to all other conditions of eligi- bility for the benefits of this section, except for multiple dwellings in which units have been newly created by substantial rehabilitation of vacant buildings or conversions of non-residential buildings, the avail- ability of benefits under this section for such multiple dwellings, buildings or structures shall be conditioned on the following: (a) alterations or improvements to at least one building-wide system are part of the application for benefits, and (b) (i) the assessed valuation of such multiple dwelling, building, or structure, including land, shall not exceed an average of [thirty] FIFTY thousand dollars per dwelling unit at the time of the commencement of the alterations or improvements, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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