Bill Text: NY S06564 | 2019-2020 | General Assembly | Introduced


Bill Title: Relates to the application for a partial tax abatement for residential real property held in the cooperative or condominium form of ownership in the city of New York.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO LOCAL GOVERNMENT [S06564 Detail]

Download: New_York-2019-S06564-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          6564

                               2019-2020 Regular Sessions

                    IN SENATE

                                      June 16, 2019
                                       ___________

        Introduced  by Sen. KAVANAGH -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules

        AN ACT to amend the real property tax law, in relation to a partial  tax
          abatement  for  residential  real  property held in the cooperative or
          condominium form of ownership in the city of New York

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. Paragraph (a) of subdivision 1 of section 467-a of the real
     2  property  tax  law,  as  amended  by  chapter  4 of the laws of 2013, is
     3  amended to read as follows:
     4    (a) "Applicant" means the board of managers of a  condominium  or  the
     5  board  of  directors  of  a  cooperative apartment corporation, provided
     6  that, in addition, the commissioner  of  finance  [may]  shall  by  rule
     7  designate  the  owner  of a dwelling unit or shareholder of a unit as an
     8  applicant for the purposes of  submitting  supplemental  information  to
     9  verify  the  eligibility  of the owner of the unit or shareholder of the
    10  unit for the abatement.
    11    § 2. Paragraph (b) of subdivision 3 of section 467-a of the real prop-
    12  erty tax law, as amended by chapter 4 of the laws of 2013, is amended to
    13  read as follows:
    14    (b) An application for an abatement pursuant to this section shall  be
    15  submitted  to  the commissioner of finance by the board of managers of a
    16  condominium or the board of directors of a cooperative apartment  corpo-
    17  ration,  provided  that  the commissioner of finance [may] shall by rule
    18  require the owner or shareholder of a dwelling unit to submit an  appli-
    19  cation  to supplement information contained in the application submitted
    20  by the board of managers of a condominium or the board of directors of a
    21  cooperative apartment corporation to certify as to that owner or  share-
    22  holder's  eligibility  for  the  abatement  including but not limited to
    23  primary residence status and may by rule apply and adjust, as  appropri-
    24  ate,  any provisions of this section that relate to applications submit-
    25  ted by such boards to applications submitted by such owners.
    26    § 3. This act shall take effect immediately.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13417-01-9
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