Bill Text: NY A08239 | 2015-2016 | General Assembly | Introduced
Bill Title: Relates to the rehabilitation of certain multiple dwellings used for single room occupancy.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2015-09-25 - signed chap.273 [A08239 Detail]
Download: New_York-2015-A08239-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 8239 2015-2016 Regular Sessions I N A S S E M B L Y June 14, 2015 ___________ Introduced by M. of A. PERSAUD -- read once and referred to the Commit- tee on Real Property Taxation AN ACT to amend the real property tax law, in relation to rehabilitation of certain multiple dwellings used for single room occupancy THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Subdivision 2 of section 488-a of the real property tax 2 law, as amended by chapter 140 of the laws of 2011, is amended to read 3 as follows: 4 2. Local legislative action. Any city to which the multiple dwelling 5 law is applicable, acting through its local legislative body or other 6 governing agency, is hereby authorized and empowered to adopt and amend 7 local laws or ordinances up to and including December thirty-first, two 8 thousand [fifteen] NINETEEN, to provide that any increase in assessed 9 valuation of eligible real property shall be exempt from taxation for 10 local purposes and to provide for the abatement of taxes on eligible 11 real property, including the land, in accordance with this section. 12 S 2. Paragraph (i) of subdivision 3 of section 488-a of the real prop- 13 erty tax law, as amended by chapter 140 of the laws of 2011, is amended 14 to read as follows: 15 (i) the eligible improvements are commenced after July first, nineteen 16 hundred eighty, but prior to December thirty-first, two thousand 17 [fifteen] NINETEEN, and are completed within thirty-six months of 18 commencement; 19 S 3. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11579-01-5