Assembly Bill A7936

Signed By Governor
2015-2016 Legislative Session

Relates to tax abatement for certain industrial and commercial properties in N.Y. city

download bill text pdf

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Archive: Last Bill Status - 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

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2015-A7936 (ACTIVE) - Details

See Senate Version of this Bill:
S5088
Law Section:
Real Property Tax Law
Laws Affected:
Amd §489-gggggg, RPT L; amd §11-274, NYC Ad Cd

2015-A7936 (ACTIVE) - Summary

Relates to tax abatement for certain industrial and commercial properties in a city with a population of one million or more.

2015-A7936 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7936

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              June 1, 2015
                               ___________

Introduced  by M. of A. FARRELL -- read once and referred to the Commit-
  tee on Ways and Means

AN ACT to amend the real property tax law and the administrative code of
  the city of New York, in relation to tax abatement for certain  indus-
  trial  and  commercial  properties  in a city with a population of one
  million or more

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subdivision  1 of section 489-gggggg of the real property
tax law, as added by chapter 119 of the laws of 2008, is amended to read
as follows:
  1. Commission members. Any city  enacting  a  local  law  pursuant  to
section  four hundred eighty-nine-bbbbbb of this title shall establish a
temporary commercial incentive area boundary commission  to  consist  of
[the  deputy mayor for economic development and planning] A DEPUTY MAYOR
DESIGNATED BY THE MAYOR, the commissioner of finance, the chair  of  the
city  planning  commission,  the  director of management and budget, the
borough presidents, the speaker of the city council and a public  member
appointed  by  the  mayor  to serve at the mayor's pleasure. Each member
except the public member shall have the power to designate an  alternate
to  represent  him  or  her  at  commission meetings to exercise all the
rights and powers of such member, including the right to vote,  provided
that such designation be made in writing to the chair of the commission.
The  deputy  mayor [for economic development and planning] DESIGNATED BY
THE MAYOR shall serve as commission chair. Each borough president  shall
be  entitled  to vote only on the designation of areas within his or her
borough. Commission members who shall be officers or employees  of  such
city  shall  serve  without  compensation  but  shall  be reimbursed for
expenses necessarily incurred in the performance of  their  duties.  Any
other  commission member shall receive as exclusive compensation for his
or her services one hundred dollars  per  diem,  or  another  reasonable

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10779-01-5
              

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