Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Sep 23, 2014 |
signed chap.365 |
Sep 11, 2014 |
delivered to governor |
May 29, 2014 |
returned to assembly passed senate 3rd reading cal.778 substituted for s5992a |
May 29, 2014 |
substituted by a8323a |
May 21, 2014 |
advanced to third reading |
May 20, 2014 |
2nd report cal. |
May 19, 2014 |
1st report cal.778 |
Apr 24, 2014 |
print number 5992a |
Apr 24, 2014 |
amend and recommit to housing, construction and community development |
Jan 08, 2014 |
referred to housing, construction and community development |
Nov 22, 2013 |
referred to rules |
Senate Bill S5992A
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status Via A8323 - Signed by Governor
- 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
2013-S5992 - Details
- See Assembly Version of this Bill:
- A8323
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §421-n, RPT L
2013-S5992 - Sponsor Memo
BILL NUMBER:S5992 TITLE OF BILL: An act to amend the real property tax law, in relation to exemption of capital improvements to multiple dwellings within certain cities PURPOSE: The measure is intended to authorize the Oneonta City Common Council, at local option, to grant tax exemptions to those investing in the city's housing stock. SUMMARY OF PROVISIONS: The bill adds a new section of law, §421-n, to the real property tax law to authorize the city of Oneonta and similarly sized cities to grant real property tax exemptions for capital improvements to multiple housing units. EXISTING LAW: Current law includes no provision allowing the participation of cities with more than ten thousand but fewer than twenty thousand residents to participate in the tax benefits offered under real property tax law § 421.
2013-S5992 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5992 2013-2014 Regular Sessions I N S E N A T E November 22, 2013 ___________ Introduced by Sen. SEWARD -- 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 exemption of capital improvements to multiple dwellings within certain cities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 421-n to read as follows: S 421-N. EXEMPTION OF CAPITAL IMPROVEMENTS TO MULTIPLE DWELLING BUILD- INGS WITHIN CERTAIN CITIES. 1. MULTIPLE DWELLING BUILDINGS, RECON- STRUCTED, ALTERED, CONVERTED BACK TO AN OWNER OCCUPIED SINGLE FAMILY DWELLING OR ANY OWNER OCCUPIED MULTIPLE DWELLING LOCATED IN ANY CITY HAVING A POPULATION OF MORE THAN TEN THOUSAND INHABITANTS BUT LESS THAN TWENTY THOUSAND INHABITANTS, DETERMINED IN ACCORDANCE WITH THE LATEST FEDERAL DECENNIAL CENSUS, THAT IS REDUCED TO AT MOST TWO UNITS BY SUCH RECONSTRUCTION SUBSEQUENT TO THE EFFECTIVE DATE OF A LOCAL LAW PURSUANT TO THIS SECTION SHALL BE EXEMPT FROM TAXATION AND SPECIAL AD VALOREM LEVIES TO THE EXTENT PROVIDED HEREINAFTER. AFTER A PUBLIC HEARING, THE GOVERNING BOARD OF SUCH CITY MAY ADOPT A LOCAL LAW TO GRANT THE EXEMPTION AUTHORIZED PURSUANT TO THIS SECTION. A COPY OF SUCH LOCAL LAW SHALL BE FILED WITH THE COMMISSIONER AND THE ASSESSOR OF SUCH CITY WHO PREPARES THE ASSESSMENT ROLL ON WHICH THE TAXES OF SUCH CITY ARE LEVIED. 2. (A) SUCH BUILDINGS WITHIN SUCH CITY SHALL BE EXEMPT FOR A PERIOD OF ONE YEAR TO THE EXTENT OF ONE HUNDRED PERCENT OF THE INCREASE IN ASSESSED VALUE ATTRIBUTABLE TO SUCH RECONSTRUCTION, ALTERATION OR IMPROVEMENT AND FOR AN ADDITIONAL PERIOD OF SEVEN YEARS SUBJECT TO THE FOLLOWING: (I) THE EXTENT OF SUCH EXEMPTION SHALL BE DECREASED BY TWELVE AND ONE-HALF PERCENT OF THE "EXEMPTION BASE" EACH YEAR DURING SUCH ADDI- TIONAL PERIOD. THE "EXEMPTION BASE" SHALL BE THE INCREASE IN ASSESSED EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11995-01-3
2013-S5992A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8323
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §421-n, RPT L
2013-S5992A (ACTIVE) - Sponsor Memo
BILL NUMBER:S5992A TITLE OF BILL: An act to amend the real property tax law, in relation to exemption of capital improvements to multiple dwellings within certain cities PURPOSE: The measure is intended to authorize the Oneonta City Common Council, at local option, to provide tax exemptions to those investing in the city's housing stock. SUMMARY OF PROVISIONS: The bill adds a new section of law, § 421-n, to the Real Property Tax Law to authorize cities with more than 13,500 inhabitants but less than 14,000 inhabitants to grant real property tax exemptions to multiple dwelling buildings, reconstructed, altered, converted back to an owner occupied single family dwelling or any owner occupied multiple dwelling that is reduced to at most two units by such reconstruction. EXISTING LAW: Current law includes no provision allowing cities with more than 13,500 inhabitants but less than 14,000 inhabitants to offer this type
2013-S5992A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5992--A 2013-2014 Regular Sessions I N S E N A T E November 22, 2013 ___________ Introduced by Sen. SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Rules -- 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 commit- tee AN ACT to amend the real property tax law, in relation to exemption of capital improvements to multiple dwellings within certain cities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 421-n to read as follows: S 421-N. EXEMPTION OF CAPITAL IMPROVEMENTS TO MULTIPLE DWELLING BUILD- INGS WITHIN CERTAIN CITIES. 1. MULTIPLE DWELLING BUILDINGS, RECON- STRUCTED, ALTERED, CONVERTED BACK TO AN OWNER OCCUPIED SINGLE FAMILY DWELLING OR ANY OWNER OCCUPIED MULTIPLE DWELLING LOCATED IN ANY CITY HAVING A POPULATION OF MORE THAN THIRTEEN THOUSAND FIVE HUNDRED INHABIT- ANTS BUT LESS THAN FOURTEEN THOUSAND INHABITANTS, DETERMINED IN ACCORD- ANCE WITH THE LATEST FEDERAL DECENNIAL CENSUS, THAT IS REDUCED TO AT MOST TWO UNITS BY SUCH RECONSTRUCTION SUBSEQUENT TO THE EFFECTIVE DATE OF A LOCAL LAW PURSUANT TO THIS SECTION SHALL BE EXEMPT FROM TAXATION AND SPECIAL AD VALOREM LEVIES TO THE EXTENT PROVIDED HEREINAFTER. AFTER A PUBLIC HEARING, THE GOVERNING BOARD OF SUCH CITY MAY ADOPT A LOCAL LAW TO GRANT THE EXEMPTION AUTHORIZED PURSUANT TO THIS SECTION. A COPY OF SUCH LOCAL LAW SHALL BE FILED WITH THE COMMISSIONER AND THE ASSESSOR OF SUCH CITY WHO PREPARES THE ASSESSMENT ROLL ON WHICH THE TAXES OF SUCH CITY ARE LEVIED. 2. (A) SUCH BUILDINGS WITHIN SUCH CITY SHALL BE EXEMPT FOR A PERIOD OF ONE YEAR TO THE EXTENT OF ONE HUNDRED PERCENT OF THE INCREASE IN ASSESSED VALUE ATTRIBUTABLE TO SUCH RECONSTRUCTION, ALTERATION OR EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11995-03-4
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