assembly Bill A10798

2011-2012 Legislative Session

Relates to the the exemption from taxation of alterations and improvements to multiple dwellings to eliminate fire and health hazards; repealer

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 21, 2012 referred to ways and means

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A10798 - Bill Details

See Senate Version of this Bill:
S7815
Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§489, 467-a & 421-a, RPT L; amd §§11-1706 & 11-243, NYC Ad Cd; amd §§281, 286, 285 & 284, Mult Dwell L

A10798 - Bill Texts

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Relates to the the exemption from taxation of alterations and improvements to multiple dwellings to eliminate fire and health hazards; relates to a partial abatement of real property taxes for condos and co-ops, in a city having a population of one million or more; relates to interim multiple dwellings in a city with a population of one million or more persons; relates to certain tax credits and exemptions in a city having a population of one million or more.

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

    S. 7815                                                 A. 10798

                      S E N A T E - A S S E M B L Y

                              June 21, 2012
                               ___________

IN  SENATE -- Introduced by Sens. GOLDEN, LANZA, SKELOS, YOUNG, STOROBIN
  -- read twice and ordered printed, and when printed to be committed to
  the Committee on Rules

IN ASSEMBLY -- Introduced by COMMITTEE ON RULES -- (at request of M.  of
  A.  V. Lopez,  Braunstein,  Silver, Farrell, Meng, Weprin, Simanowitz,
  DenDekker, Arroyo, Aubry, Benedetto, Boyland,  Brennan,  Brook-Krasny,
  Clark,  Colton, Cook, Cymbrowitz, Dinowitz, Espinal, Glick, Goldfeder,
  Heastie, Hevesi, Hikind, Jacobs, Lentol, Linares,  Markey,  M. Miller,
  Millman,   Nolan,   O'Donnell,   Ortiz,   Perry,  Pretlow,  J. Rivera,
  N. Rivera, Robinson, Rodriguez, Simotas, Titus, Weinstein, Wright)  --
  read once and referred to the Committee on Ways and Means

AN ACT to amend the real property tax law, in relation to exemption from
  taxation  of  alterations  and  improvements  to multiple dwellings to
  eliminate fire and health hazards and  a  partial  abatement  of  real
  property  taxes  for condominiums and cooperatives, in a city having a
  population of one million or more; to amend the administrative code of
  the city of New York, in relation to certain tax credits; to amend the
  real property tax law, in relation to interim multiple dwellings in  a
  city  with  a population of one million or more; to amend the multiple
  dwelling law, in relation to interim multiple dwellings in a city with
  a population of one million or more; and providing for the  repeal  of
  certain provisions of the multiple dwelling law upon expiration there-
  of

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

  Section 1. The opening paragraph of paragraph (a) of subdivision 1  of
section  489  of the real property tax law, as amended by chapter 244 of
the laws of 2006, is amended to read as follows:
  Any city to which the multiple  dwelling  law  is  applicable,  acting
through  its local legislative body or other governing agency, is hereby
authorized and empowered, to and including  [June]  JANUARY  first,  two
thousand  [eleven]  FIFTEEN, to adopt and amend local laws or ordinances
providing that any increase in assessed valuation of real property shall

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD16357-06-2

S. 7815                             2                           A. 10798

be exempt from taxation for local purposes, as provided herein,  to  the
extent such increase results from:
  S  2.  The  closing  paragraph  of  subparagraph 6 of paragraph (a) of
subdivision 1 of section 489 of the real property tax law, as amended by
chapter 244 of the laws of 2006, is amended to read as follows:
  Such conversion, alterations or improvements shall be completed within
[thirty-six] THIRTY months after the date on which same shall be started
except that such [thirty-six] THIRTY month limitation shall not apply to
conversions of residential units which  are  registered  with  the  loft
board  in  accordance  with article seven-C of the multiple dwelling law
pursuant to subparagraph one  of  this  paragraph.  Notwithstanding  the
foregoing,  a  sixty  month period for completion shall be available for
alterations or improvements undertaken by  a  housing  development  fund
company  organized  pursuant  to  article  eleven of the private housing
finance law, which are carried out with the  substantial  assistance  of
grants, loans or subsidies from any federal, state or local governmental
agency  or instrumentality or which are carried out in a property trans-
ferred from such city if  alterations  and  improvements  are  completed
within  seven  years  after the date of transfer. In addition, the local
housing agency is hereby empowered to grant an extension of  the  period
of  completion  for any project carried out with the substantial assist-
ance of grants, loans or subsidies from  any  federal,  state  or  local
governmental  agency or instrumentality, if such alterations or improve-
ments  are  completed  within  sixty   months   from   commencement   of
construction.  Provided,  further,  that such conversion, alterations or
improvements shall in any event be completed prior to [December  thirty-
first]  JUNE  THIRTIETH,  two thousand [eleven] FIFTEEN.   Exemption for
conversions, alterations or improvements pursuant to  subparagraph  one,
two,  three or four of this paragraph shall continue for a period not to
exceed fourteen years and begin no sooner than the first  quarterly  tax
bill  immediately  following  the  completion of such conversion, alter-
ations or improvements. Exemption for alterations or improvements pursu-
ant to this subparagraph or subparagraph five of  this  paragraph  shall
continue for a period not to exceed thirty-four years and shall begin no
sooner  than  the  first  quarterly  tax  bill immediately following the
completion of such alterations or improvements. Such exemption shall  be
equal  to the increase in the valuation which is subject to exemption in
full or proportionally under this subdivision for ten or  thirty  years,
whichever  is  applicable. After such period of time, the amount of such
exempted assessed valuation of such improvements  shall  be  reduced  by
twenty  percent  in each succeeding year until the assessed value of the
improvements are fully taxable.   Provided, however, exemption  for  any
conversion,  alterations  or  improvements  which are aided by a loan or
grant under article eight, eight-A, eleven, twelve, fifteen  or  twenty-
two of the private housing finance law, section six hundred ninety-six-a
or  section ninety-nine-h of the general municipal law, or section three
hundred twelve of the housing act of  nineteen  hundred  sixty-four  (42
U.S.C.A.  1452b),  or  the Cranston-Gonzalez national affordable housing
act (42 U.S.C.A. 12701 et.  seq.), or started after July first, nineteen
hundred eighty-three by a housing  development  fund  company  organized
pursuant  to article eleven of the private housing finance law which are
carried out with the substantial assistance of grants, loans  or  subsi-
dies  from any federal, state or local governmental agency or instrumen-
tality or which are carried out in a property transferred from any  city
and  where alterations and improvements are completed within seven years
after the date of transfer may commence at  the  beginning  of  any  tax

S. 7815                             3                           A. 10798

quarter  subsequent  to  the  start  of  such conversion, alterations or
improvements and prior to the completion of such conversion, alterations
or improvements.
  S  3.  Section  489  of the real property tax law is amended by adding
four new subdivisions 17, 18, 19 and 20 to read as follows:
  17.  (A) FOR PURPOSES OF THIS SUBDIVISION,  "SUBSTANTIAL  GOVERNMENTAL
ASSISTANCE" SHALL MEAN:
  (I) GRANTS, LOANS OR SUBSIDIES FROM ANY FEDERAL, STATE OR LOCAL AGENCY
OR  INSTRUMENTALITY  IN  FURTHERANCE OF A PROGRAM FOR THE DEVELOPMENT OF
AFFORDABLE HOUSING APPROVED BY  THE  LOCAL  HOUSING  AGENCY,  INCLUDING,
WITHOUT  LIMITATION, FINANCING OR INSURANCE PROVIDED BY THE STATE OF NEW
YORK MORTGAGE AGENCY OF THE NEW YORK CITY RESIDENTIAL MORTGAGE INSURANCE
CORPORATION; OR
  (II) A WRITTEN AGREEMENT BETWEEN A  HOUSING  DEVELOPMENT  FUND  CORPO-
RATION  AND  THE  LOCAL  HOUSING  AGENCY LIMITING THE INCOMES OF PERSONS
ENTITLED TO PURCHASE SHARES OR RENT HOUSING ACCOMMODATIONS THEREIN.
  (B) ANY LOCAL LAW OR ORDINANCE PROVIDING FOR BENEFITS PURSUANT TO THIS
SECTION MUST ALSO PROVIDE THE FOLLOWING  WITH  RESPECT  TO  CONVERSIONS,
ALTERATIONS OR IMPROVEMENTS COMPLETED ON OR AFTER DECEMBER THIRTY-FIRST,
TWO THOUSAND ELEVEN:
  (I)  EXCEPT  AS  OTHERWISE  PROVIDED  IN  THIS SECTION WITH RESPECT TO
MULTIPLE DWELLINGS, BUILDINGS AND STRUCTURES OWNED AND  OPERATED  EITHER
BY  LIMITED-PROFIT HOUSING COMPANIES ESTABLISHED PURSUANT TO ARTICLE TWO
OF THE PRIVATE HOUSING FINANCE LAW  OR  REDEVELOPMENT  COMPANIES  ESTAB-
LISHED  PURSUANT  TO ARTICLE FIVE OF THE PRIVATE HOUSING FINANCE LAW, OR
WITH RESPECT TO A GROUP OF MULTIPLE DWELLINGS THAT WAS  DEVELOPED  AS  A
PLANNED  COMMUNITY  AND  THAT  IS  OWNED  AS  TWO  SEPARATE CONDOMINIUMS
CONTAINING A TOTAL OF TEN THOUSAND OR MORE DWELLING UNITS, ANY  MULTIPLE
DWELLING,  BUILDING  OR  STRUCTURE  THAT  IS OWNED AS A COOPERATIVE OR A
CONDOMINIUM THAT HAS  AN  AVERAGE  ASSESSED  VALUE  OF  THIRTY  THOUSAND
DOLLARS  OR MORE PER DWELLING UNIT SHALL ONLY BE ELIGIBLE FOR SUCH BENE-
FITS IF THE ALTERATIONS OR IMPROVEMENTS FOR WHICH SUCH  MULTIPLE  DWELL-
ING, BUILDING OR STRUCTURE HAS APPLIED FOR THE BENEFITS PURSUANT TO THIS
SECTION WERE CARRIED OUT WITH SUBSTANTIAL GOVERNMENTAL ASSISTANCE; AND
  (II)  NO  BENEFITS  PURSUANT  TO THIS SECTION SHALL BE GRANTED FOR THE
CONVERSION OF ANY NON-RESIDENTIAL BUILDING OR STRUCTURE INTO A  CLASS  A
MULTIPLE  DWELLING  UNLESS SUCH CONVERSION WAS CARRIED OUT WITH SUBSTAN-
TIAL GOVERNMENTAL ASSISTANCE.
  18. ANY LOCAL LAW OR ORDINANCE PROVIDING FOR BENEFITS PURSUANT TO THIS
SECTION MUST ALSO PROVIDE, WITH RESPECT TO CONVERSIONS,  ALTERATIONS  OR
IMPROVEMENTS  FOR WHICH APPLICATION WAS MADE AFTER THE EFFECTIVE DATE OF
THIS SUBDIVISION, THAT IF SUCH CONVERSIONS, ALTERATIONS OR  IMPROVEMENTS
ARE  NOT  COMPLETED  ON  THE  DATE  UPON WHICH SUCH LOCAL HOUSING AGENCY
INSPECTS THE ITEMS OF WORK CLAIMED IN SUCH APPLICATION, THE LOCAL  HOUS-
ING  AGENCY SHALL REQUIRE THE APPLICANT TO PAY TWO TIMES THE ACTUAL COST
FOR ANY ADDITIONAL INSPECTIONS NEEDED TO VERIFY THE COMPLETION  OF  SUCH
CONVERSION, ALTERATION OR IMPROVEMENT.
  19.  THE  REVOCATION  OF  BENEFITS  GRANTED  TO ANY MULTIPLE DWELLING,
BUILDING OR STRUCTURE PURSUANT TO THIS  SECTION  SHALL  NOT  EXEMPT  ANY
DWELLING UNIT THEREIN FROM CONTINUED COMPLIANCE WITH THE REQUIREMENTS OF
THIS  SECTION  OR  OF  ANY LOCAL LAW OR ORDINANCE PROVIDING FOR BENEFITS
PURSUANT TO THIS SECTION.
  20. NOTWITHSTANDING THE PROVISIONS OF ANY GENERAL,  SPECIAL  OR  LOCAL
LAW  OR  ANY  LOCAL  ORDINANCE  PROVIDING  FOR BENEFITS PURSUANT TO THIS
SECTION THE DEPARTMENT MAY REQUIRE THAT THE APPLICATIONS  FOR  EXEMPTION

S. 7815                             4                           A. 10798

OR ABATEMENT UNDER THIS SECTION THAT ARE FILED ON OR AFTER A DATE SPECI-
FIED IN SUCH LOCAL LAW OR ORDINANCE BE FILED ELECTRONICALLY.
  S 4. Paragraph (a) of subdivision 1 of section 467-a of the real prop-
erty tax law, as added by chapter 273 of the laws of 1996, is amended to
read as follows:
  (a)  "Applicant"  means  the board of managers of a condominium or the
board of directors of  a  cooperative  apartment  corporation,  PROVIDED
THAT, IN ADDITION, THE COMMISSIONER OF FINANCE MAY BY RULE DESIGNATE THE
OWNER OF A DWELLING UNIT AS AN APPLICANT.
  S  5.  Paragraphs (a) and (b) of subdivision 2 of section 467-a of the
real property tax law, as added by chapter 273 of the laws of 1996,  are
amended to read as follows:
  (a)  In  a  city  having a population of one million or more, dwelling
units owned by unit owners who, as  of  the  applicable  taxable  status
date,  own no more than three dwelling units in any one property held in
the condominium form of  ownership,  shall  be  eligible  to  receive  a
partial abatement of real property taxes, as set forth in paragraphs (c)
[and], (d), (D-1), (D-2), (D-3), (D-4), (D-5) AND (D-6) of this subdivi-
sion; provided, however, that a property held in the condominium form of
ownership  that  is  receiving  complete  or  partial  real property tax
exemption or tax abatement pursuant to any other provision of this chap-
ter or any other state or local law, except as provided in paragraph (f)
of this subdivision, shall not be eligible to receive a  partial  abate-
ment  pursuant  to  this  section;  and provided, further, that sponsors
shall not be eligible to receive a partial abatement  pursuant  to  this
section;  AND  PROVIDED,  FURTHER, THAT IN THE FISCAL YEAR COMMENCING IN
CALENDAR YEARS TWO THOUSAND TWELVE, TWO THOUSAND THIRTEEN, OR TWO  THOU-
SAND  FOURTEEN  NO  MORE THAN A MAXIMUM OF THREE DWELLING UNITS OWNED BY
ANY UNIT OWNER IN A SINGLE BUILDING, ONE OF WHICH MUST  BE  THE  PRIMARY
RESIDENCE  OF  SUCH  UNIT  OWNER, SHALL BE ELIGIBLE TO RECEIVE A PARTIAL
ABATEMENT PURSUANT TO PARAGRAPHS (D-1), (D-2), (D-3) AND (D-4)  OF  THIS
SECTION.
  (b)  In  a  city  having a population of one million or more, dwelling
units owned by tenant-stockholders who, as  of  the  applicable  taxable
status  date,  own no more than three dwelling units in any one property
held in the cooperative form of ownership, shall be eligible to  receive
a  partial  abatement of real property taxes, as set forth in paragraphs
(c) [and], (d), (D-1), (D-2), (D-3), (D-4),  (D-5)  AND  (D-6)  of  this
subdivision;  provided, however, that a property held in the cooperative
form of ownership that is receiving complete or  partial  real  property
tax  exemption  or tax abatement pursuant to any other provision of this
chapter or any other state or local law, except as provided in paragraph
(f) of this subdivision, shall not be  eligible  to  receive  a  partial
abatement pursuant to this section; and provided, further, that sponsors
shall  not  be  eligible to receive a partial abatement pursuant to this
section; AND PROVIDED, FURTHER, THAT IN THE FISCAL  YEAR  COMMENCING  IN
CALENDAR  YEARS  TWO THOUSAND TWELVE, TWO THOUSAND THIRTEEN OR TWO THOU-
SAND FOURTEEN NO MORE THAN A MAXIMUM OF THREE DWELLING  UNITS  OWNED  BY
ANY  TENANT-STOCKHOLDER  IN  A SINGLE BUILDING, ONE OF WHICH MUST BE THE
PRIMARY RESIDENCE OF  SUCH  TENANT-STOCKHOLDER,  SHALL  BE  ELIGIBLE  TO
RECEIVE  A  PARTIAL ABATEMENT PURSUANT TO PARAGRAPHS (D-1), (D-2), (D-3)
AND (D-4) OF THIS SECTION.   For purposes of  this  section,  a  tenant-
stockholder  of  a  cooperative apartment corporation shall be deemed to
own the dwelling unit which is represented by his or her shares of stock
in such corporation. Any abatement so granted shall be credited  by  the
appropriate  taxing  authority  against the tax due on the property as a

S. 7815                             5                           A. 10798

whole. The reduction in real property taxes received  thereby  shall  be
credited  by the cooperative apartment corporation against the amount of
such taxes attributable to  eligible  dwelling  units  at  the  time  of
receipt.
  S 6. Intentionally omitted.
  S  7.  Subdivision  2 of section 467-a of the real property tax law is
amended by adding six new paragraphs (d-1), (d-2), (d-3),  (d-4),  (d-5)
and (d-6) to read as follows:
  (D-1)  IN  THE  FISCAL  YEARS COMMENCING IN CALENDAR YEAR TWO THOUSAND
TWELVE, TWO THOUSAND THIRTEEN AND TWO THOUSAND FOURTEEN, ELIGIBLE DWELL-
ING UNITS IN PROPERTY WHOSE AVERAGE UNIT ASSESSED VALUE IS LESS THAN  OR
EQUAL TO FIFTY THOUSAND DOLLARS SHALL RECEIVE A PARTIAL ABATEMENT OF THE
REAL  PROPERTY  TAXES  ATTRIBUTABLE  TO OR DUE ON SUCH DWELLING UNITS OF
TWENTY-FIVE PERCENT, TWENTY-SIX AND ONE-HALF  PERCENT  AND  TWENTY-EIGHT
AND ONE-TENTH PERCENT RESPECTIVELY.
  (D-2)  IN  THE  FISCAL  YEARS COMMENCING IN CALENDAR YEAR TWO THOUSAND
TWELVE, TWO THOUSAND THIRTEEN AND TWO THOUSAND FOURTEEN, ELIGIBLE DWELL-
ING UNITS IN PROPERTY WHOSE AVERAGE UNIT ASSESSED  VALUE  IS  MORE  THAN
FIFTY  THOUSAND  DOLLARS,  BUT LESS THAN OR EQUAL TO FIFTY-FIVE THOUSAND
DOLLARS, SHALL RECEIVE A PARTIAL ABATEMENT OF THE  REAL  PROPERTY  TAXES
ATTRIBUTABLE TO OR DUE ON SUCH DWELLING UNITS OF TWENTY-TWO AND ONE-HALF
PERCENT,  TWENTY-THREE AND EIGHT-TENTHS PERCENT AND TWENTY-FIVE AND TWO-
TENTHS PERCENT RESPECTIVELY.
  (D-3) IN THE FISCAL YEARS COMMENCING IN  CALENDAR  YEAR  TWO  THOUSAND
TWELVE, TWO THOUSAND THIRTEEN AND TWO THOUSAND FOURTEEN, ELIGIBLE DWELL-
ING  UNITS  IN  PROPERTY  WHOSE AVERAGE UNIT ASSESSED VALUE IS MORE THAN
FIFTY-FIVE THOUSAND DOLLARS, BUT LESS THAN OR EQUAL  TO  SIXTY  THOUSAND
DOLLARS,  SHALL  RECEIVE  A PARTIAL ABATEMENT OF THE REAL PROPERTY TAXES
ATTRIBUTABLE TO OR DUE ON SUCH DWELLING UNITS OF TWENTY  PERCENT,  TWEN-
TY-ONE  AND  TWO-TENTHS  PERCENT, AND TWENTY-TWO AND FIVE-TENTHS PERCENT
RESPECTIVELY.
  (D-4) IN THE FISCAL YEARS COMMENCING IN  CALENDAR  YEAR  TWO  THOUSAND
TWELVE, TWO THOUSAND THIRTEEN AND TWO THOUSAND FOURTEEN, ELIGIBLE DWELL-
ING  UNITS  IN  PROPERTY  WHOSE AVERAGE UNIT ASSESSED VALUE IS MORE THAN
SIXTY THOUSAND DOLLARS SHALL RECEIVE A PARTIAL  ABATEMENT  OF  THE  REAL
PROPERTY  TAXES  ATTRIBUTABLE TO OR DUE ON SUCH DWELLING UNITS OF SEVEN-
TEEN AND ONE-HALF PERCENT.
  (D-5) IN THE FISCAL YEARS COMMENCING IN  CALENDAR  YEAR  TWO  THOUSAND
TWELVE AND TWO THOUSAND THIRTEEN, DWELLING UNITS THAT RECEIVED AN ABATE-
MENT  PURSUANT TO THIS SECTION IN THE FISCAL YEAR COMMENCING IN CALENDAR
YEAR TWO THOUSAND ELEVEN, AND THAT ARE NOT ELIGIBLE TO RECEIVE  BENEFITS
UNDER  PARAGRAPH  (D-1),  (D-2), (D-3), OR (D-4) OF THIS SUBDIVISION AND
THAT ARE LOCATED IN A PROPERTY THAT HAS AN AVERAGE UNIT  ASSESSED  VALUE
THAT  IS  LESS THAN OR EQUAL TO FIFTEEN THOUSAND DOLLARS SHALL RECEIVE A
PARTIAL ABATEMENT OF THE REAL PROPERTY TAXES ATTRIBUTABLE TO OR  DUE  ON
SUCH  DWELLING UNITS OF TWELVE AND ONE HALF PERCENT, AND SIX AND TWENTY-
FIVE HUNDREDTHS PERCENT RESPECTIVELY.  PROVIDED, HOWEVER, THAT  NO  SUCH
ABATEMENT  SHALL  BE  ALLOWED FOR ANY FISCAL YEAR COMMENCING IN CALENDAR
YEAR TWO THOUSAND FOURTEEN OR LATER.
  (D-6) IN THE FISCAL YEARS COMMENCING IN  CALENDAR  YEAR  TWO  THOUSAND
TWELVE AND TWO THOUSAND THIRTEEN, DWELLING UNITS THAT RECEIVED AN ABATE-
MENT  PURSUANT TO THIS SECTION IN THE FISCAL YEAR COMMENCING IN CALENDAR
YEAR TWO THOUSAND ELEVEN, AND THAT ARE NOT ELIGIBLE TO RECEIVE  BENEFITS
UNDER  PARAGRAPH  (D-1),  (D-2), (D-3), OR (D-4) OF THIS SUBDIVISION AND
THAT ARE LOCATED IN A PROPERTY THAT HAS AN AVERAGE UNIT  ASSESSED  VALUE
THAT  IS  GREATER  THAN FIFTEEN THOUSAND DOLLARS SHALL RECEIVE A PARTIAL

S. 7815                             6                           A. 10798

ABATEMENT OF THE REAL PROPERTY TAXES ATTRIBUTABLE  TO  OR  DUE  ON  SUCH
DWELLING  UNITS  OF  EIGHT AND SEVENTY-FIVE HUNDREDTHS PERCENT, AND FOUR
AND  THREE  HUNDRED  SEVENTY-FIVE  THOUSANDTHS   PERCENT   RESPECTIVELY.
PROVIDED,  HOWEVER,  THAT  NO  SUCH  ABATEMENT SHALL BE ALLOWED, FOR ANY
FISCAL YEAR IN CALENDAR YEAR TWO THOUSAND FOURTEEN OR LATER.
  S 8. Paragraph (e) of subdivision 2 of section 467-a of the real prop-
erty tax law, as added by chapter 273 of the laws of 1996, is amended to
read as follows:
  (e) Partial abatement pursuant to paragraphs (c)  [and],  (d),  (D-1),
(D-2),  (D-3),  (D-4),  (D-5)  AND  (D-6)  of  this subdivision shall be
computed on the net real property taxes attributable to or due on eligi-
ble dwelling units after deduction for any exemption  on  such  dwelling
units  received  pursuant to any section listed in paragraph (f) of this
subdivision and after deduction of the portion of any abatement received
pursuant to section four hundred eighty-nine of  this  article  that  is
attributable to a dwelling unit in property held in the cooperative form
of  ownership  and after deduction of any abatement received pursuant to
section four hundred eighty-nine of this article by a dwelling  unit  in
property held in the condominium form of ownership.
  S  9. Paragraphs (a), (b) and (c) of subdivision 3 of section 467-a of
the real property tax law, paragraphs (a) and (c) as amended by  chapter
109 of the laws of 2008 and paragraph (b) as added by chapter 273 of the
laws of 1996, are amended to read as follows:
  (a)  An  application for an abatement pursuant to this section for the
fiscal year commencing in  calendar  year  nineteen  hundred  ninety-six
shall  be  made  no  later than the fifteenth day of September, nineteen
hundred ninety-six. An application for an  abatement  pursuant  to  this
section for the fiscal year commencing in calendar year nineteen hundred
ninety-seven  shall  be made no later than the first day of April, nine-
teen hundred ninety-seven. An application for an abatement  pursuant  to
this  section  for  the fiscal year commencing in calendar year nineteen
hundred ninety-eight shall be made no later than the first day of April,
nineteen hundred ninety-eight. An application for an abatement  pursuant
to this section for the fiscal year commencing in calendar year nineteen
hundred  ninety-nine  shall  be made in accordance with this subdivision
and subdivision three-a of this section. An application for an abatement
pursuant to this section for the fiscal year commencing in calendar year
two thousand shall be made no later than the fifteenth day of  February,
two  thousand.  An application for an abatement pursuant to this section
for the fiscal year commencing in calendar year two thousand  one  shall
be  made  in accordance with this subdivision and subdivision three-b of
this section. An application for an abatement pursuant to  this  section
for  the  fiscal year commencing in calendar year two thousand two shall
be made no later than the fifteenth day of February, two  thousand  two.
An  application for an abatement pursuant to this section for the fiscal
year commencing in calendar year two thousand three  shall  be  made  no
later  than the fifteenth day of February, two thousand three. An appli-
cation for an abatement pursuant to this section  for  the  fiscal  year
commencing  in  calendar year two thousand four shall be made in accord-
ance with this subdivision and subdivision three-c of this  section.  An
application  for  an  abatement  pursuant to this section for the fiscal
year commencing in calendar year two thousand  five  shall  be  made  no
later than the fifteenth day of February, two thousand five. An applica-
tion  for  an  abatement  pursuant  to  this section for the fiscal year
commencing in calendar year two thousand six shall be made no later than
the fifteenth day of February, two thousand six. An application  for  an

S. 7815                             7                           A. 10798

abatement  pursuant  to  this  section for the fiscal year commencing in
calendar year two thousand  seven  shall  be  made  no  later  than  the
fifteenth day of February, two thousand seven. An application for abate-
ment pursuant to this section for the fiscal year commencing in calendar
year  two  thousand eight shall be made in accordance with this subdivi-
sion and subdivision three-d of this  section.  An  application  for  an
abatement  pursuant  to  this  section for the fiscal year commencing in
calendar year two  thousand  nine  shall  be  made  no  later  than  the
fifteenth  day  of  February,  two  thousand nine. An application for an
abatement pursuant to this section for the  fiscal  year  commencing  in
calendar year two thousand ten shall be made no later than the fifteenth
day  of  February,  two  thousand  ten.  An application for an abatement
pursuant to this section for the fiscal year commencing in calendar year
two thousand eleven shall be made no later than  the  fifteenth  day  of
February, two thousand eleven.  AN APPLICATION FOR AN ABATEMENT PURSUANT
TO  THIS  SECTION  FOR  THE  FISCAL YEAR COMMENCING IN CALENDAR YEAR TWO
THOUSAND TWELVE SHALL BE MADE IN ACCORDANCE WITH  THIS  SUBDIVISION  AND
SUBDIVISION THREE-E OF THIS SECTION. THE DATE OR DATES BY WHICH APPLICA-
TIONS  FOR  AN  ABATEMENT PURSUANT TO THIS SECTION SHALL BE MADE FOR THE
FISCAL YEARS COMMENCING IN CALENDAR YEARS TWO THOUSAND TWELVE, TWO THOU-
SAND THIRTEEN AND TWO THOUSAND FOURTEEN  SHALL  BE  ESTABLISHED  BY  THE
COMMISSIONER  OF FINANCE BY RULE, PROVIDED THAT SUCH DATE OR DATES SHALL
NOT BE LATER THAN THE FIFTEENTH DAY OF FEBRUARY FOR EACH  SUCH  CALENDAR
YEAR.
  (b)  An application for an abatement pursuant to this section shall be
submitted to the commissioner of finance by the board of managers  of  a
condominium  or the board of directors of a cooperative apartment corpo-
ration, PROVIDED THAT THE COMMISSIONER OF FINANCE MAY  BY  RULE  REQUIRE
THE  OWNER  OF  A  DWELLING  UNIT TO SUBMIT AN APPLICATION TO SUPPLEMENT
INFORMATION CONTAINED IN THE  APPLICATION  SUBMITTED  BY  THE  BOARD  OF
MANAGERS  OF  A  CONDOMINIUM  OR THE BOARD OF DIRECTORS OF A COOPERATIVE
APARTMENT CORPORATION AND MAY BY RULE APPLY AND ADJUST, AS  APPROPRIATE,
ANY  PROVISIONS OF THIS SECTION THAT RELATE TO APPLICATIONS SUBMITTED BY
SUCH BOARDS TO APPLICATIONS SUBMITTED BY SUCH OWNERS.
  (c) No abatement pursuant to this section shall be granted unless  the
applicant  files an application for an abatement within the time periods
prescribed in paragraph (a) of this subdivision or subdivision  three-a,
three-b,  three-c  [or],  three-d  OR THREE-E of this section, provided,
however, that the commissioner of finance may,  for  good  cause  shown,
extend the time for filing an application.
  S  10. Section 467-a of the real property tax law is amended by adding
a new subdivision 3-e to read as follows:
  3-E. (A) AN APPLICANT WHOSE PROPERTY  DID  NOT  RECEIVE  AN  ABATEMENT
PURSUANT TO THIS SECTION FOR THE FISCAL YEAR COMMENCING IN CALENDAR YEAR
TWO  THOUSAND ELEVEN SHALL SUBMIT AN APPLICATION FOR AN ABATEMENT PURSU-
ANT TO THIS SECTION FOR THE FISCAL YEAR COMMENCING IN CALENDAR YEAR  TWO
THOUSAND TWELVE NO LATER THAN SIXTY DAYS FOLLOWING THE EFFECTIVE DATE OF
THE  CHAPTER OF THE LAWS OF TWO THOUSAND TWELVE THAT ADDED THIS SUBDIVI-
SION.
  (B) THE ABATEMENT FOR THE FISCAL YEAR COMMENCING IN CALENDAR YEAR  TWO
THOUSAND  TWELVE OF A COOPERATIVE APARTMENT CORPORATION THAT RECEIVED AN
ABATEMENT PURSUANT TO THIS SECTION FOR THE  FISCAL  YEAR  COMMENCING  IN
CALENDAR  YEAR  TWO  THOUSAND  ELEVEN  AND THAT SUBMITTED AN INFORMATION
RETURN ON OR  BEFORE  FEBRUARY  FIFTEENTH,  TWO  THOUSAND  TWELVE,  THAT
INCLUDED  AN  ELECTION  BY  THE  BOARD  OF DIRECTORS OF SUCH COOPERATIVE
APARTMENT CORPORATION THAT SUCH INFORMATION RETURN BE DEEMED AN APPLICA-

S. 7815                             8                           A. 10798

TION FOR AN ABATEMENT PURSUANT TO THIS SECTION  FOR  SUCH  FISCAL  YEAR,
SHALL BE BASED ON THE INFORMATION CONTAINED IN SUCH INFORMATION RETURN.
  (C)  THE ABATEMENT FOR THE FISCAL YEAR COMMENCING IN CALENDAR YEAR TWO
THOUSAND TWELVE OF A COOPERATIVE APARTMENT CORPORATION THAT RECEIVED  AN
ABATEMENT  PURSUANT  TO  THIS  SECTION FOR THE FISCAL YEAR COMMENCING IN
CALENDAR YEAR TWO THOUSAND ELEVEN  AND  THAT  SUBMITTED  AN  INFORMATION
RETURN  ON  OR  BEFORE FEBRUARY FIFTEENTH, TWO THOUSAND TWELVE, THAT DID
NOT INCLUDE AN ELECTION BY THE BOARD OF DIRECTORS  OF  SUCH  COOPERATIVE
APARTMENT CORPORATION THAT SUCH INFORMATION RETURN BE DEEMED AN APPLICA-
TION  FOR  AN  ABATEMENT  PURSUANT TO THIS SECTION FOR SUCH FISCAL YEAR,
SHALL BE BASED ON THE INFORMATION CONTAINED IN THE APPLICATION SUBMITTED
IN TWO THOUSAND ELEVEN OR ON THE INFORMATION CONTAINED IN SUCH  INFORMA-
TION  RETURN,  OR  BOTH,  PROVIDED  THAT NOTHING IN THIS PARAGRAPH SHALL
AUTHORIZE OR REQUIRE THE COMMISSIONER OF FINANCE TO GRANT  AN  ABATEMENT
WITH RESPECT TO A PROPERTY OR A DWELLING UNIT THAT IS NOT ELIGIBLE AS OF
THE  APPLICABLE  TAXABLE  STATUS  DATE FOR THE FISCAL YEAR COMMENCING IN
CALENDAR YEAR TWO THOUSAND TWELVE.
  (D) THE BOARD OF MANAGERS OF A CONDOMINIUM THAT RECEIVED AN  ABATEMENT
PURSUANT TO THIS SECTION FOR THE FISCAL YEAR COMMENCING IN CALENDAR YEAR
TWO  THOUSAND ELEVEN SHALL SUBMIT AN APPLICATION FOR AN ABATEMENT PURSU-
ANT TO THIS SECTION FOR THE FISCAL YEAR COMMENCING IN CALENDAR YEAR  TWO
THOUSAND TWELVE NO LATER THAN SIXTY DAYS FOLLOWING THE EFFECTIVE DATE OF
THE  CHAPTER OF THE LAWS OF TWO THOUSAND TWELVE THAT ADDED THIS SUBDIVI-
SION.  IF SUCH BOARD OF MANAGERS DOES NOT SUBMIT SUCH APPLICATION WITHIN
SIXTY DAYS FOLLOWING THE EFFECTIVE DATE OF THE CHAPTER OF  THE  LAWS  OF
TWO  THOUSAND TWELVE THAT ADDED THIS SUBDIVISION, THEN THE ABATEMENT FOR
THE FISCAL YEAR COMMENCING IN CALENDAR YEAR TWO THOUSAND TWELVE FOR SUCH
CONDOMINIUM SHALL BE BASED ON THE INFORMATION CONTAINED IN THE  APPLICA-
TION  SUBMITTED  IN  TWO  THOUSAND ELEVEN, PROVIDED THAT NOTHING IN THIS
PARAGRAPH SHALL AUTHORIZE OR REQUIRE  THE  COMMISSIONER  OF  FINANCE  TO
GRANT AN ABATEMENT WITH RESPECT TO A PROPERTY OR A DWELLING UNIT THAT IS
NOT  ELIGIBLE  AS  OF  THE APPLICABLE TAXABLE STATUS DATE FOR THE FISCAL
YEAR COMMENCING IN CALENDAR YEAR TWO THOUSAND TWELVE.
  (E) NOTWITHSTANDING PARAGRAPHS (A), (B), (C) AND (D) OF THIS  SUBDIVI-
SION  OR  ANY  OTHER  INCONSISTENT PROVISION OF LAW, THE COMMISSIONER OF
FINANCE MAY REQUIRE EACH APPLICANT FOR AN ABATEMENT FOR THE FISCAL  YEAR
COMMENCING IN CALENDAR YEAR TWO THOUSAND TWELVE TO SUBMIT AN APPLICATION
BY A DATE AND IN A FORM DETERMINED BY SUCH COMMISSIONER AND SUCH COMMIS-
SIONER  MAY  DENY  ABATEMENTS  PURSUANT  TO  THIS SECTION FOR FAILURE TO
SUBMIT SUCH APPLICATION BY SUCH DATE PROVIDED THAT SUCH DATE SHALL BE NO
EARLIER THAN THIRTY DAYS FOLLOWING THE DATE ON  WHICH  THE  COMMISSIONER
RELEASES THE APPLICATION FORM.
  S  11. Subdivision 8 of section 467-a of the real property tax law, as
amended by chapter 453 of the laws  of  2011,  is  amended  to  read  as
follows:
  8. Except to the extent that the owner of a dwelling unit of a proper-
ty  situated  in  a  city having a population of one million or more may
request a redacted copy of any application or statements  pertaining  to
such dwelling unit, as provided in subdivision four of this section, the
information contained in applications or statements in connection there-
with  filed  with  the  commissioner  of finance pursuant to subdivision
three, three-a, three-b  [or],  three-c,  THREE-D  OR  THREE-E  of  this
section  shall  not  be  subject  to disclosure under article six of the
public officers law.
  S 12. Section 11-1706 of the administrative code of the  city  of  New
York is amended by adding a new subdivision (f) to read as follows:

S. 7815                             9                           A. 10798

  (F)  CREDIT  FOR  GENERAL  CORPORATION TAX PAID.   (1) A CITY RESIDENT
INDIVIDUAL, ESTATE OR TRUST WHOSE CITY ADJUSTED GROSS INCOME INCLUDES  A
PRO RATA SHARE OF INCOME, LOSS AND DEDUCTIONS DESCRIBED IN PARAGRAPH ONE
OF  SUBSECTION (A) OF SECTION THIRTEEN HUNDRED SIXTY-SIX OF THE INTERNAL
REVENUE  CODE,  FROM  ONE  OR MORE NEW YORK S CORPORATIONS AS DEFINED IN
SUBDIVISION ONE-A OF SECTION TWO HUNDRED EIGHT OF THE TAX LAW,  OR  FROM
ONE OR MORE QSSSS AS DEFINED IN SUBDIVISION ONE-B OF SECTION TWO HUNDRED
EIGHT  OF  THE TAX LAW, THAT ARE EXEMPT QSSSS BY REASON OF CLAUSE (A) OF
SUBPARAGRAPH ONE OF PARAGRAPH (K) OF SUBDIVISION  NINE  OF  SECTION  TWO
HUNDRED  EIGHT  OF  THE TAX LAW, ON WHICH A TAX IS IMPOSED BY SUBCHAPTER
TWO OF CHAPTER SIX OF THIS TITLE, SHALL BE ALLOWED A CREDIT AS  PROVIDED
IN PARAGRAPH TWO OF THIS SUBDIVISION AGAINST THE TAX OTHERWISE DUE UNDER
SECTIONS 11-1701, 11-1703, 11-1704 AND 11-1704.1 OF THIS CHAPTER.
  (2)(A)  SUBJECT  TO THE LIMITATIONS SET FORTH IN SUBPARAGRAPHS (B) AND
(C) OF THIS PARAGRAPH, THE CREDIT ALLOWED TO A TAXPAYER  FOR  A  TAXABLE
YEAR UNDER THIS SUBDIVISION SHALL BE DETERMINED AS FOLLOWS:
  (I)  FOR  TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOU-
SAND FOURTEEN AND BEFORE JULY FIRST, TWO THOUSAND FIFTEEN:
  (I) IF THE CITY TAXABLE INCOME  IS  THIRTY-FIVE  THOUSAND  DOLLARS  OR
LESS,  THE  AMOUNT  OF  THE  CREDIT  SHALL BE ONE HUNDRED PERCENT OF THE
AMOUNT DETERMINED IN PARAGRAPH THREE OF THIS SUBDIVISION.
  (II) IF THE CITY TAXABLE INCOME IS GREATER THAN  THIRTY-FIVE  THOUSAND
DOLLARS  BUT  LESS  THAN ONE HUNDRED THOUSAND DOLLARS, THE AMOUNT OF THE
CREDIT SHALL BE A PERCENTAGE OF THE AMOUNT DETERMINED IN PARAGRAPH THREE
OF THIS SUBDIVISION, SUCH PERCENTAGE TO  BE  DETERMINED  BY  SUBTRACTING
FROM  ONE  HUNDRED PERCENT, A PERCENTAGE DETERMINED BY SUBTRACTING THIR-
TY-FIVE THOUSAND DOLLARS FROM CITY TAXABLE INCOME, DIVIDING  THE  RESULT
BY SIXTY-FIVE THOUSAND DOLLARS AND MULTIPLYING BY ONE HUNDRED PERCENT.
  (III)  IF  THE  CITY TAXABLE INCOME IS ONE HUNDRED THOUSAND DOLLARS OR
GREATER, NO CREDIT SHALL BE ALLOWED.
  (IV) PROVIDED FURTHER THAT FOR ANY TAXABLE  YEAR  OF  A  TAXPAYER  FOR
WHICH  THIS  CREDIT  IS  EFFECTIVE THAT ENCOMPASSES DAYS OCCURRING AFTER
JUNE THIRTIETH, TWO THOUSAND FIFTEEN, THE AMOUNT OF  THE  CREDIT  DETER-
MINED  IN ITEM (I) OR (II) OF THIS CLAUSE SHALL BE MULTIPLIED BY A FRAC-
TION, THE NUMERATOR OF WHICH IS THE NUMBER OF  DAYS  IN  THE  TAXPAYER'S
TAXABLE  YEAR  OCCURRING  ON  OR  BEFORE  JUNE  THIRTIETH,  TWO THOUSAND
FIFTEEN, AND THE DENOMINATOR OF WHICH IS  THE  NUMBER  OF  DAYS  IN  THE
TAXPAYER'S TAXABLE YEAR.
  (B)  NOTWITHSTANDING  ANYTHING  TO THE CONTRARY IN SUBPARAGRAPH (A) OF
THIS PARAGRAPH, THE CREDIT ALLOWED TO A  TAXPAYER  FOR  A  TAXABLE  YEAR
UNDER  THIS SUBDIVISION SHALL NOT EXCEED THE SUM OF THE TAXES THAT WOULD
OTHERWISE BE IMPOSED BY SECTIONS 11-1701, 11-1703, 11-1704 AND 11-1704.1
OF THIS CHAPTER ON SUCH TAXPAYER FOR SUCH TAXABLE YEAR AFTER THE  ALLOW-
ANCE  OF  ANY  OTHER CREDITS ALLOWED BY SUBDIVISIONS (A) AND (B) OF THIS
SECTION, AND SUBDIVISION (C) OF THIS SECTION, AS ADDED BY  CHAPTER  FOUR
HUNDRED  EIGHTY-ONE  OF  THE  LAWS  OF NINETEEN HUNDRED NINETY-SEVEN AND
SUBSEQUENTLY AMENDED, AND SECTION 11-1721 OF THIS CHAPTER.
  (C) NOTWITHSTANDING ANYTHING TO THE CONTRARY IN  SUBPARAGRAPH  (A)  OF
THIS  PARAGRAPH,  NO  CREDIT  SHALL  BE  ALLOWED  FOR  ANY AMOUNT OF TAX
IMPOSED, OR CREDIT ALLOWED, BY SUBCHAPTER TWO OF  CHAPTER  SIX  OF  THIS
TITLE ON, OR TO, A COMBINED GROUP OF CORPORATIONS INCLUDING A NEW YORK S
CORPORATION  OR AN EXEMPT QSSS, EXCEPT WHERE THE COMBINED GROUP CONSISTS
EXCLUSIVELY OF ONE OR MORE NEW YORK  S  CORPORATIONS  AND  ONE  OR  MORE
EXEMPT  QSSSS OF SUCH CORPORATIONS AS DESCRIBED IN PARAGRAPH ONE OF THIS
SUBDIVISION, PROVIDED THAT EACH OF THE NEW YORK S CORPORATIONS  INCLUDED

S. 7815                            10                           A. 10798

IN  THE  GROUP  IS  WHOLLY  OWNED  BY THE SAME INTERESTS AND IN THE SAME
PROPORTIONS AS EACH OTHER NEW YORK S CORPORATION INCLUDED IN THE GROUP.
  (3)  SUBJECT  TO  THE PROVISIONS OF SUBPARAGRAPH (B) OF THIS PARAGRAPH
AND SUBPARAGRAPH (C) OF PARAGRAPH TWO OF THIS  SUBDIVISION,  THE  AMOUNT
DETERMINED IN THIS PARAGRAPH IS THE SUM OF THE TAXPAYER'S PRO RATA SHARE
OF THE AMOUNTS DETERMINED IN SUBPARAGRAPH (A) OF THIS PARAGRAPH FOR EACH
NEW  YORK  S  CORPORATION, OR EXEMPT QSSS, DESCRIBED IN PARAGRAPH ONE OF
THIS SUBSECTION, A PRO RATA SHARE OF WHOSE INCOME, LOSS  AND  DEDUCTIONS
DESCRIBED IN PARAGRAPH ONE OF SUBSECTION (A) OF SECTION THIRTEEN HUNDRED
SIXTY-SIX  OF  THE  INTERNAL REVENUE CODE, IS INCLUDED IN THE TAXPAYER'S
CITY ADJUSTED GROSS INCOME.
  (A) THE AMOUNT DETERMINED IN THIS SUBPARAGRAPH IS THE SUM OF:
  (I) THE TAXES IMPOSED BY SUBCHAPTER TWO OF CHAPTER SIX OF  THIS  TITLE
ON SUCH CORPORATION, OR A COMBINED GROUP INCLUDING SUCH CORPORATION, FOR
ITS  TAXABLE YEAR ENDING WITHIN OR WITH THE TAXABLE YEAR OF THE TAXPAYER
AND PAID BY SUCH CORPORATION, OR COMBINED GROUP; AND
  (II) THE AMOUNT OF ANY CREDIT OR CREDITS TAKEN BY SUCH CORPORATION, OR
A COMBINED GROUP INCLUDING SUCH CORPORATION, UNDER SUBDIVISION  EIGHTEEN
OF  SECTION  11-604  OF THIS TITLE FOR ITS TAXABLE YEAR ENDING WITHIN OR
WITH THE TAXABLE YEAR OF THE TAXPAYER.
  (B) FOR PURPOSES OF THIS SUBDIVISION, THE TAXPAYER'S PRO RATA SHARE OF
THE AMOUNT IN SUBPARAGRAPH (A) OF THIS PARAGRAPH FOR  THE  TAXABLE  YEAR
SHALL BE THE AMOUNT DETERMINED WITH RESPECT TO THE TAXPAYER:
  (I) BY ASSIGNING AN EQUAL PORTION OF THE AMOUNT IN SUBPARAGRAPH (A) OF
THIS  PARAGRAPH  TO  EACH DAY OF THE CORPORATION'S TAXABLE YEAR ON WHICH
THE CORPORATION HAS SHARES OUTSTANDING,
  (II) THEN BY DIVIDING THAT PORTION PRO RATA AMONG THE SHARES OUTSTAND-
ING ON THAT DAY; PROVIDED, HOWEVER,
  (III) IF THE TAXABLE YEAR OF SUCH CORPORATION FOR PURPOSES OF  CHAPTER
SIX  OF THIS TITLE IS DIFFERENT FROM ITS NEW YORK S YEAR OR S SHORT YEAR
AS DEFINED IN SUBDIVISION ONE-A OF SECTION TWO HUNDRED EIGHT OF THE  TAX
LAW, OR SUBSECTION (F) OF SECTION FOURTEEN HUNDRED FIFTY OF THE TAX LAW,
ONLY  THOSE  PORTIONS THAT ARE ASSIGNED TO DAYS OF THE TAXABLE YEAR THAT
ARE ALSO DAYS OF THE NEW YORK S YEAR OR S SHORT YEAR SHALL BE TAKEN INTO
ACCOUNT IN DETERMINING THE SHAREHOLDER'S PRO RATA SHARE  OF  THE  AMOUNT
DETERMINED IN SUBPARAGRAPH (A) OF THIS PARAGRAPH.
  S  13.  If  any provision of section twelve of this act is adjudged by
any court of competent jurisdiction to be invalid  or  unconstitutional,
the  credit  provided  for in such sections shall not be allowed for any
tax period or periods with respect to which such judgment is in effect.
  S 14. The provisions of subdivision  (c)  of  section  11-245  of  the
administrative  code  of the city of New York shall not be applicable to
any multiple dwelling located on lots numbered 13 and  14  of  Manhattan
block  numbered  51,  lots  numbered  17,  18, and 21 of Manhattan block
number 90, lots numbered 7, 8, 10, 11, 57 and  111  of  Manhattan  block
numbered  1010,  and  lots  numbered  33,  34  and 35 of Manhattan block
numbered 1259 as such lots and blocks are numbered as of the  date  this
act shall have become law, provided that the construction of such multi-
ple  dwellings  on those lots commences on or after January 1, 2007, and
on or before June 21, 2017, and provided  that  for  all  such  multiple
dwellings  the department of housing preservation and development of New
York City shall impose a requirement and either certify (i) that  twenty
percent  of  the  units  on site are affordable to households of low and
moderate income pursuant to subdivision 7 of section 421-a of  the  real
property  tax law, or (ii) the requirements of subdivision 12 of section
421-a of the real property tax law are met.  The provisions of  subdivi-

S. 7815                            11                           A. 10798

sion (c) of section 11-245 of the administrative code of the city of New
York shall not be applicable to any multiple dwelling that is located on
lot 10 of Manhattan block number 123, as such lot and block are numbered
as   of  the  date  this  act  shall  have  become  law,  provided  that
construction of such multiple dwelling commenced on or after January  1,
2007,  and  on  or  before  June 21, 2012, and provided further that the
individual or agent thereof seeking benefits pursuant to  section  421-a
of  the  real property tax law enters into and fulfills the requirements
of a memorandum of understanding with the city of New York Department of
Housing Preservation and Development to fund in an amount not less  than
$9 million the construction of affordable rental housing within the City
of  New  York,  provided,  however,  that  such amount required shall be
reduced by the value of negotiable certificates that the  individual  or
agent  thereof  seeking  benefits purchased, pursuant to section 6-08 of
title 28 of the rules of the city of New York as such rules  existed  as
of  the  date  this  act shall have become law, in order to entitle such
multiple dwelling to the benefits pursuant to section 421-a of the  real
property  tax  law  for  a  specified  number of units in the geographic
exclusion area, provided that such negotiable certificates  were  gener-
ated  by a written agreement with the Department of Housing Preservation
and Development, and provided further that,  notwithstanding  any  other
provision of law, benefits granted pursuant to section 421-a of the real
property  tax  law  for  such  multiple  dwelling shall be granted as if
construction commenced on June 21, 2012.   For the construction  of  any
multiple  dwelling  on  the above referenced lots, with the exception of
lots numbered 17, 18 and  21  of  Manhattan  block  numbered  90,  which
receives  benefits  pursuant  to  section 421-a of the real property tax
law, any work which may involve the employment of laborers,  workers  or
mechanics  shall  be  considered public work for the purposes of article
eight of the labor law, and any  contracts  or  subcontracts  which  may
involve  the  employment  of  laborers,  workers  or  mechanics shall be
enforceable under article eight of the  labor  law,  provided,  however,
that  such provisions shall not apply to construction performed pursuant
to a project labor agreement that is a  pre-hire  collective  bargaining
agreement  governing the terms and conditions of employment entered into
by a construction user and/or its representative and a bona fide  build-
ing  and  construction  trade  labor organization establishing the labor
organization as the collective bargaining representative  for  laborers,
workers and mechanics.
  S  15.  Subparagraph  (i) of paragraph (a) of subdivision 2 of section
421-a of the real property tax law, as amended by section 38 of  part  B
of chapter 97 of the laws of 2011, is amended to read as follows:
  (i)  Within  a  city  having  a population of one million or more, new
multiple dwellings, except hotels, shall be  exempt  from  taxation  for
local  purposes,  other than assessments for local improvements, for the
tax year or years immediately following taxable status  dates  occurring
subsequent   to   the  commencement  and  prior  to  the  completion  of
construction, but not to exceed three such tax years,  [except  for  new
multiple  dwellings  the construction of which commenced between January
first, two thousand seven, and June thirtieth, two thousand nine,  shall
have  an additional thirty-six months to complete construction and shall
be eligible for full exemption from taxation for the first  three  years
of  the  period  of  construction;  any  eligible  project that seeks to
utilize the six-year period of construction authorized by  this  section
must  apply for a preliminary certificate of eligibility within one year
of the effective date of the rent act of 2011,  provided,  however  that

S. 7815                            12                           A. 10798

such  multiple  dwellings shall be eligible for a maximum of three years
of benefits during the construction period,] and shall  continue  to  be
exempt from such taxation in tax years immediately following the taxable
status date first occurring after the expiration of the exemption herein
conferred  during  construction  so  long  as  used at the completion of
construction for dwelling purposes for a period not to exceed ten  years
in the aggregate after the taxable status date immediately following the
completion thereof, as follows:
  (A)  except as otherwise provided herein there shall be full exemption
from taxation during the period of construction or the period  of  three
years  immediately  following  commencement  of  construction, whichever
expires sooner, [except for new multiple dwellings the  construction  of
which  commenced  between  January  first,  two thousand seven, and June
thirtieth, two thousand nine, shall have an additional thirty-six months
to complete construction and shall be eligible for full  exemption  from
taxation  for  the  first three years of the period of construction; any
eligible  project  that  seeks  to  utilize  the  six-year   period   of
construction  authorized  by  this  section must apply for a preliminary
certificate of eligibility within one year of the effective date of  the
rent  act  of 2011, provided, however that such multiple dwellings shall
be eligible for  a  maximum  of  three  years  of  benefits  during  the
construction period,] and for two years following such period;
  (B)  followed  by  two years of exemption from eighty per cent of such
taxation;
  (C) followed by two years of exemption from sixty  per  cent  of  such
taxation;
  (D)  followed  by  two  years of exemption from forty per cent of such
taxation;
  (E) followed by two years of exemption from twenty per  cent  of  such
taxation;
  The  following  table  shall  illustrate  the  computation  of the tax
exemption:

               CONSTRUCTION OF CERTAIN MULTIPLE DWELLINGS

                                                  Exemption
During Construction (maximum three years)[;       100%
except construction commenced between January
first, two thousand seven and June
thirtieth, two thousand nine (maximum
three years)]
Following completion of work
Year:

 1                                                100%
 2                                                100
 3                                                 80
 4                                                 80
 5                                                 60
 6                                                 60
 7                                                 40
 8                                                 40
 9                                                 20
10                                                 20

S. 7815                            13                           A. 10798

  S 16. Clause (A) of subparagraph (ii) of paragraph (a) of  subdivision
2  of  section 421-a of the real property tax law, as amended by section
39 of part B of chapter 97 of the laws of 2011, is amended  to  read  as
follows:
  (A) Within a city having a population of one million or more the local
housing  agency may adopt rules and regulations providing that except in
areas excluded by local law new multiple dwellings, except hotels, shall
be exempt from taxation for local purposes, other than  assessments  for
local  improvements,  for  the  tax  year or years immediately following
taxable status dates occurring subsequent to the commencement and  prior
to  the  completion  of  construction,  but not to exceed three such tax
years, [except for new multiple  dwellings  the  construction  of  which
commenced between January first, two thousand seven, and June thirtieth,
two  thousand  nine,  shall  have  an  additional  thirty-six  months to
complete construction and shall be  eligible  for  full  exemption  from
taxation  for  the  first three years of the period of construction; any
eligible  project  that  seeks  to  utilize  the  six-year   period   of
construction  authorized  by  this  section must apply for a preliminary
certificate of eligibility within one year of the effective date of  the
rent  act  of 2011, provided, however that such multiple dwellings shall
be eligible for  a  maximum  of  three  years  of  benefits  during  the
construction period,] and shall continue to be exempt from such taxation
in  tax years immediately following the taxable status date first occur-
ring after the expiration of the exemption herein conferred during  such
construction  so  long  as  used  at  the completion of construction for
dwelling purposes for a period not to exceed fifteen years in the aggre-
gate, as follows:
  a. except as otherwise provided herein there shall be  full  exemption
from  taxation  during the period of construction or the period of three
years immediately  following  commencement  of  construction,  whichever
expires  sooner,  [except for new multiple dwellings the construction of
which commenced between January first,  two  thousand  seven,  and  June
thirtieth, two thousand nine, shall have an additional thirty-six months
to  complete  construction and shall be eligible for full exemption from
taxation for the first three years of the period  of  construction;  any
eligible   project   that  seeks  to  utilize  the  six-year  period  of
construction authorized by this section must  apply  for  a  preliminary
certificate  of eligibility within one year of the effective date of the
rent act of 2011, provided, however that such multiple  dwellings  shall
be  eligible  for  a  maximum  of  three  years  of  benefits during the
construction period,] and for eleven years following such period;
  b. followed by one year of exemption from eighty percent of such taxa-
tion;
  c. followed by one year of exemption from sixty percent of such  taxa-
tion;
  d.  followed by one year of exemption from forty percent of such taxa-
tion;
  e. followed by one year of exemption from twenty percent of such taxa-
tion.
  S 17. Clause (A) of subparagraph (iii) of paragraph (a) of subdivision
2 of section 421-a of the real property tax law, as amended  by  section
40  of  part  B of chapter 97 of the laws of 2011, is amended to read as
follows:
  (A) Within a city having a population of one million or more the local
housing agency may adopt rules and regulations providing that new multi-
ple dwellings, except hotels, shall be exempt from  taxation  for  local

S. 7815                            14                           A. 10798

purposes,  other  than  assessments  for local improvements, for the tax
year or years  immediately  following  taxable  status  dates  occurring
subsequent   to   the  commencement  and  prior  to  the  completion  of
construction,  but  not  to exceed three such tax years, [except for new
multiple dwellings the construction of which commenced  between  January
first,  two thousand seven, and June thirtieth, two thousand nine, shall
have an additional thirty-six months to complete construction and  shall
be  eligible  for full exemption from taxation for the first three years
of the period of  construction;  any  eligible  project  that  seeks  to
utilize  the  six-year period of construction authorized by this section
must apply for a preliminary certificate of eligibility within one  year
of  the  effective  date of the rent act of 2011, provided, however that
such multiple dwellings shall be eligible for a maximum of  three  years
of  benefits  during  the construction period,] and shall continue to be
exempt from such taxation in tax years immediately following the taxable
status date first occurring after the expiration of the exemption herein
conferred during such construction so long as used at the completion  of
construction  for  dwelling  purposes for a period not to exceed twenty-
five years in the aggregate, provided that the area in which the project
is situated is a neighborhood preservation program area as determined by
the local housing agency as of June first, nineteen hundred eighty-five,
or is a neighborhood preservation area as determined  by  the  New  York
city planning commission as of June first, nineteen hundred eighty-five,
or  is  an area that was eligible for mortgage insurance provided by the
rehabilitation mortgage insurance corporation as of May first,  nineteen
hundred  ninety-two  or  is an area receiving funding for a neighborhood
preservation project pursuant to the  neighborhood  reinvestment  corpo-
ration act (42 U.S.C. SS180 et seq.)  as of June first, nineteen hundred
eighty-five, as follows:
  a.  except  as otherwise provided herein there shall be full exemption
from taxation during the period of construction or the period  of  three
years  immediately  following  commencement  of  construction, whichever
expires sooner, [except for new multiple dwellings the  construction  of
which  commenced  between  January  first,  two thousand seven, and June
thirtieth, two thousand nine, shall have an additional thirty-six months
to complete construction and shall be eligible for full  exemption  from
taxation  for  the  first three years of the period of construction; any
eligible  project  that  seeks  to  utilize  the  six-year   period   of
construction  authorized  by  this  section must apply for a preliminary
certificate of eligibility within one year of the effective date of  the
rent  act  of 2011, provided, however that such multiple dwellings shall
be eligible for  a  maximum  of  three  years  of  benefits  during  the
construction period,] and for twenty-one years following such period;
  b. followed by one year of exemption from eighty percent of such taxa-
tion;
  c.  followed by one year of exemption from sixty percent of such taxa-
tion;
  d. followed by one year of exemption from forty percent of such  taxa-
tion;
  e. followed by one year of exemption from twenty percent of such taxa-
tion.
  S  18. Subdivision 7 of section 467-a of the real property tax law, as
added by chapter 273 of the laws of 1996, is amended to read as follows:
  7. The commissioner of finance shall be authorized to promulgate rules
necessary to effectuate the purposes of this section.    NOTWITHSTANDING
ANY  OTHER PROVISION OF LAW TO THE CONTRARY, SUCH RULES MAY INCLUDE, BUT

S. 7815                            15                           A. 10798

NEED NOT BE LIMITED TO, DENIAL, TERMINATION OR REVOCATION OF ANY  ABATE-
MENT PURSUANT TO THIS SECTION IF ANY DWELLING UNIT IN A PROPERTY HELD IN
THE  CONDOMINIUM FORM OF OWNERSHIP OR A PROPERTY HELD IN THE COOPERATIVE
FORM  OF  OWNERSHIP  HAS  REAL  PROPERTY TAXES, WATER AND SEWER CHARGES,
PAYMENTS IN LIEU OF TAXES OR OTHER  MUNICIPAL  CHARGES  DUE  AND  OWING,
UNLESS  SUCH  REAL  PROPERTY TAXES, WATER AND SEWER CHARGES, PAYMENTS IN
LIEU OF TAXES OR OTHER MUNICIPAL CHARGES ARE  CURRENTLY  BEING  PAID  IN
TIMELY  INSTALLMENTS PURSUANT TO A WRITTEN AGREEMENT WITH THE DEPARTMENT
OF FINANCE OR OTHER APPROPRIATE AGENCY.
  S 19. Subdivision 8 of section 467-a of the real property tax law,  as
amended  by  chapter  453  of  the  laws  of 2011, is amended to read as
follows:
  8. Except to the extent that the owner of a dwelling unit of a proper-
ty situated in a city having a population of one  million  or  more  may
request  a  redacted copy of any application or statements pertaining to
such dwelling unit, as provided in subdivision four of this section, the
information contained in applications or statements in connection there-
with filed with the commissioner  of  finance  pursuant  to  subdivision
three,  three-a,  three-b  [or],  three-c,  THREE-D  OR  THREE-E of this
section shall not be subject to disclosure  under  article  six  of  the
public officers law.
  S  20. Section 467-a of the real property tax law is amended by adding
a new subdivision 9 to read as follows:
  9. THE COMMISSIONER OF FINANCE SHALL  BE  AUTHORIZED  TO  PREPARE  AND
SUBMIT  AMENDED TAX BILLS TO TAXPAYERS TO REFLECT ANY ADJUSTMENTS NECES-
SARY TO APPLY THE PARTIAL ABATEMENT RECEIVED PURSUANT TO  THIS  SECTION.
IF  A  CONDOMINIUM  OR  COOPERATIVE HAS PAID AN AMOUNT THAT IS DIFFERENT
THAN THE AMOUNT DUE ON ANY AMENDED TAX BILL, THE COMMISSIONER OF FINANCE
MAY WAIVE ANY INTEREST OTHERWISE DUE ON SUCH AMOUNT.
  S 21. Subdivision 5 of section 281 of the multiple  dwelling  law,  as
amended  by  chapter  139  of  the  laws  of 2011, is amended to read as
follows:
  5. Notwithstanding the provisions of paragraphs (i), (iii) and (iv) of
subdivision two of this section, but subject to paragraphs (i) and  (ii)
of subdivision one of this section and paragraph (ii) of subdivision two
of  this  section,  the  term  "interim multiple dwelling" shall include
buildings, structures or portions thereof that are located in a city  of
more  than  one  million  persons  which  were  occupied for residential
purposes as the residence or home of any three or more  families  living
independently from one another for a period of twelve consecutive months
during  the  period  commencing  January  first, two thousand eight, and
ending December thirty-first, two thousand nine, provided that the unit:
is not located in a basement or cellar and has  at  least  one  entrance
that does not require passage through another residential unit to obtain
access  to  the unit, has at least one window opening onto a street or a
lawful yard or court as defined in the zoning resolution for such  muni-
cipality,  and is at least [five hundred fifty] FOUR HUNDRED square feet
in area.  The term "interim multiple dwelling" as used in this  subdivi-
sion  shall  not include (i) any building in an industrial business zone
established pursuant to chapter six-D of title twenty-two of the  admin-
istrative  code  of  the  city of New York except that a building in the
Williamsburg/Greenpoint or North Brooklyn industrial business zones  and
a  building  located  in that portion of the Long Island city industrial
business zone that has frontage on either side of  forty-seventh  avenue
or is located north of forty-seventh avenue and south of Skillman avenue
or in that portion of the Long Island city industrial business zone that

S. 7815                            16                           A. 10798

is located north of forty-fourth drive, south of Queens plaza north, and
west  of twenty-third street may be included in the term "interim multi-
ple dwelling," or (ii) units in any building, OTHER THAN A BUILDING THAT
IS  ALREADY DEFINED AS AN "INTERIM MULTIPLE DWELLING" PURSUANT TO SUBDI-
VISION ONE, TWO, THREE OR FOUR OF THIS SECTION, that, at the  time  this
subdivision  shall  take  effect  AND  CONTINUING  AT  THE  TIME  OF THE
SUBMISSION OF AN APPLICATION FOR COVERAGE BY ANY PARTY, also contains  a
use actively and currently pursued, which use is set forth in use groups
fifteen  through eighteen, as described in the zoning resolution of such
municipality in effect on June twenty-first, two thousand ten, and which
the loft board has determined in  rules  and  regulation  is  inherently
incompatible  with  residential  use in the same building, provided that
THE LOFT BOARD MAY BY RULE EXEMPT CATEGORIES OF UNITS OR BUILDINGS  FROM
SUCH  USE  INCOMPATIBILITY  DETERMINATIONS  INCLUDING BUT NOT LIMITED TO
RESIDENTIALLY  OCCUPIED  UNITS  OR  SUBCATEGORIES  OF  SUCH  UNITS,  AND
PROVIDED,  FURTHER  THAT if a building does not contain such active uses
at the time this subdivision takes effect,  no  subsequent  use  by  the
owner  of  the  building shall eliminate the protections of this section
for any residential occupants in the building already qualified for such
protections. The term "interim  multiple  dwelling,"  as  used  in  this
subdivision shall also include buildings, structures or portions thereof
that are located north of West 24th Street and south of West 27th Street
and  west  of tenth avenue and east of eleventh avenue in a city of more
than one million persons which were occupied for residential purposes as
the residence or home of any two or more families  living  independently
from  one  another  for a period of twelve consecutive months during the
period commencing January first, two thousand eight, and ending December
thirty-first, two thousand nine and subject to all  the  conditions  and
limitations  of  this  subdivision other than the number of units in the
building. A reduction in the number of occupied residential units  in  a
building  after  meeting  the  aforementioned  twelve  consecutive month
requirement shall not eliminate the protections of this section for  any
remaining  residential occupants qualified for such protections. Non-re-
sidential space in a building as of the effective date of this  subdivi-
sion  shall be offered for residential use only after the obtaining of a
residential certificate of occupancy for such space and such space shall
be exempt from this article, even if a portion of such building  may  be
an interim multiple dwelling.
  S  22.  Subdivision  2 of section 286 of the multiple dwelling law, as
amended by chapter 414 of the laws of 1999, subparagraphs (A) and (B) of
paragraph (ii) and paragraph (iii) as amended by chapter 135 of the laws
of 2010, is amended to read as follows:
  2. (i) Prior to compliance with safety and fire  protection  standards
of  article seven-B of this chapter, residential occupants qualified for
protection pursuant to this article shall be entitled to continued occu-
pancy, provided that the unit is their primary residence, and shall  pay
the same rent, including escalations, specified in their lease or rental
agreement  to the extent to which such lease or rental agreement remains
in effect or, in the absence of a lease or rental  agreement,  the  same
rent  most recently paid and accepted by the owner; if there is no lease
or other rental agreement in effect, rent adjustments prior  to  article
seven-B  compliance  shall be in conformity with guidelines to be set by
the loft board for such residential occupants within six months from the
effective date of this article.
  (ii) In addition to any rent adjustment pursuant to paragraph  (i)  of
this  subdivision, on or after June twenty-first, nineteen hundred nine-

S. 7815                            17                           A. 10798

ty-two, the rent for residential units  in  interim  multiple  dwellings
that  are not yet in compliance with the requirements of subdivision one
of section two hundred eighty-four of this article shall be adjusted  as
follows:
  (A)  Upon the owners' filing of an alteration application, as required
by paragraph (ii), (iii), (iv), (v),  or  (vi)  of  subdivision  one  of
section  two hundred eighty-four of this article, an adjustment equal to
[six] THREE percent of the rent in effect at the time  the  owner  files
the alteration application.
  (B)  Upon  obtaining  an  alteration  permit, as required by paragraph
(ii), (iii), (iv), (v), or  (vi)  of  subdivision  one  of  section  two
hundred  eighty-four  of  this  article,  an adjustment equal to [eight]
THREE percent of the rent in effect at the time the  owner  obtains  the
alteration permit.
  (C)  Upon  achieving  compliance with the standards of safety and fire
protection set forth in article seven-B of this chapter for the residen-
tial portions of the building, an adjustment equal to [six] FOUR percent
of the rent in effect at the time the owner achieves such compliance.
  (D) Owners who filed an alteration application prior to the  effective
date  of this subparagraph shall be entitled to a prospective adjustment
equal to six percent of the rent on the effective date of this  subpara-
graph.
  (E)  Owners  who  obtained  an alteration permit prior to June twenty-
first, nineteen hundred ninety-two shall be entitled  to  a  prospective
adjustment  equal  to fourteen percent of the rent on June twenty-first,
nineteen hundred ninety-two.
  (F) Owners who achieved compliance with the standards  of  safety  and
fire  protection  set  forth  in article seven-B of this chapter for the
residential portions of the building prior to June  twenty-first,  nine-
teen  hundred  ninety-two  shall be entitled to a prospective adjustment
equal to twenty percent of  the  rent  on  June  twenty-first,  nineteen
hundred ninety-two.
  (iii) Any rent adjustments pursuant to paragraph (ii) of this subdivi-
sion  shall  not  apply to units which were rented at market value after
June twenty-first, nineteen hundred eighty-two and prior to  June  twen-
ty-first, nineteen hundred ninety-two. This paragraph shall not apply to
units  made  subject  to this article by subdivision five of section two
hundred eighty-one of this article.
  (iv) Payment of any rent adjustments pursuant  to  paragraph  (ii)  of
this  subdivision  shall  commence  the  month immediately following the
month in which the act entitling the owner to the adjustment occurred.
  S 23. Subdivision 2 of section 285 of the multiple  dwelling  law,  as
amended  by  chapter  135  of  the  laws  of 2010, is amended to read as
follows:
  2. Notwithstanding any other provision of this article, an  owner  may
apply  to  the loft board for exemption of a building or portion thereof
from this article on the basis that  compliance  with  this  article  in
obtaining  a  legal  residential certificate of occupancy would cause an
unjustifiable hardship either because: (i) it would cause  an  unreason-
ably  adverse  impact  on a non-residential conforming use tenant within
the building or (ii) the cost of compliance  renders  legal  residential
conversion  infeasible. Residential and other tenants shall be given not
less than sixty days notice in advance of  the  hearing  date  for  such
application.  If  the loft board approves such application, the building
or portion thereof shall  be  exempt  from  this  article,  and  may  be
converted  to  non-residential  conforming uses, provided, however, that

S. 7815                            18                           A. 10798

the owner shall, as a condition of approval of such  application,  agree
to  file  an  irrevocable  recorded covenant in form satisfactory to the
loft board enforceable for fifteen years by the municipality,  that  the
building  will not be re-converted to residential uses during such time.
The standard for granting such hardship application for  a  building  or
portion thereof shall be as follows: (a) the loft board shall only grant
the  minimum  relief  necessary to relieve any alleged hardship with the
understanding if compliance is reasonably possible it should be achieved
even if it requires alteration of units, relocation of tenants to vacant
space within the building, re-design of space or application for a  non-
use-related  variance, special permit, minor modification or administra-
tive certification; (b) self-created hardship shall not be allowed;  (c)
the  test for cost infeasibility shall be that of a reasonable return on
the owner's investment not maximum return on investment;  (d)  the  test
for  unreasonably  adverse  impact  on  a non-residential conforming use
tenant  shall  be  whether  residential  conversion  would   necessitate
displacement.  Such hardship applications shall be submitted to the loft
board within nine months of the establishment of the loft board (or,  in
the  case  of interim multiple dwellings referred to in subdivision four
of section two hundred eighty-one of this article, within nine months of
[the effective date of such subdivision four] JULY TWENTY-SEVENTH, NINE-
TEEN HUNDRED EIGHTY-SEVEN or in the case of interim  multiple  dwellings
made  subject to this article by subdivision five of section two hundred
eighty-one of this article, within nine months of the effective date  of
such subdivision five, OR, FOR UNITS THAT BECAME SUBJECT TO THIS ARTICLE
PURSUANT TO THE CHAPTER OF THE LAWS OF TWO THOUSAND TWELVE WHICH AMENDED
THIS  PARAGRAPH, WITHIN NINE MONTHS OF THE PROMULGATION OF ALL NECESSARY
RULES AND REGULATIONS PURSUANT TO SECTION TWO  HUNDRED  EIGHTY-TWO-A  OF
THIS  ARTICLE,  but shall not be considered, absent a waiver by the loft
board, unless the owner has also filed  an  alteration  application.  In
determination  of  any  such  hardship  application,  the loft board may
demand such information as it deems necessary.  In  approving  any  such
hardship application, the loft board may fix reasonable terms and condi-
tions for the vacating of residential occupancy.
  S  24.  Paragraph (vi) of subdivision 1 of section 284 of the multiple
dwelling law, as amended by chapter 135 of the laws of 2010, is  amended
to read as follows:
  (vi)  Notwithstanding  the provisions of paragraphs (i) through (v) of
this subdivision the owner of an interim multiple dwelling made  subject
to this article by subdivision five of section two hundred eighty-one of
this article (A) shall file an alteration application within nine months
from  the  effective date of the chapter of the laws of two thousand ten
which amended this subparagraph, OR, FOR UNITS THAT  BECAME  SUBJECT  TO
THIS  ARTICLE PURSUANT TO THE CHAPTER OF THE LAWS OF TWO THOUSAND TWELVE
WHICH AMENDED THIS PARAGRAPH, WITHIN NINE MONTHS OF THE PROMULGATION  OF
ALL  NECESSARY  RULES  AND  REGULATIONS  PURSUANT TO SECTION TWO HUNDRED
EIGHTY-TWO-A OF THIS ARTICLE, and (B)  shall  take  all  reasonable  and
necessary  action  to obtain an approved alteration permit within twelve
months from such effective date, OR, FOR UNITS THAT  BECAME  SUBJECT  TO
THIS  ARTICLE PURSUANT TO THE CHAPTER OF THE LAWS OF TWO THOUSAND TWELVE
WHICH AMENDED THIS PARAGRAPH, WITHIN TWELVE MONTHS OF  THE  PROMULGATION
OF  ALL  NECESSARY RULES AND REGULATIONS PURSUANT TO SECTION TWO HUNDRED
EIGHTY-TWO-A OF THIS ARTICLE, and (C) shall achieve compliance with  the
standards  of safety and fire protection set forth in article seven-B of
this chapter for the residential portions of the building  within  eigh-
teen  months  from  obtaining such alteration permit [or eighteen months

S. 7815                            19                           A. 10798

from such effective date, whichever is later], and (D)  shall  take  all
reasonable  and necessary action to obtain a certificate of occupancy as
a class A multiple dwelling for the residential portions of the building
or structure within [thirty-six] THIRTY months from such effective date,
OR FOR UNITS THAT BECAME SUBJECT TO THIS ARTICLE PURSUANT TO THE CHAPTER
OF  THE  LAWS OF TWO THOUSAND TWELVE WHICH AMENDED THIS PARAGRAPH WITHIN
THIRTY MONTHS OF THE PROMULGATION OF ALL NECESSARY RULES AND REGULATIONS
PURSUANT TO SECTION TWO HUNDRED EIGHTY-TWO-A OF THIS ARTICLE.  The  loft
board  may, upon good cause shown, and upon proof of compliance with the
standards of safety and fire protection set forth in article seven-B  of
this  chapter,  twice extend the time of compliance with the requirement
to obtain a residential certificate of  occupancy  for  periods  not  to
exceed twelve months each.
  S  25.  Section  11-243  of the administrative code of the city of New
York is amended by adding a new subdivision ee to read as follows:
  EE. THE DEPARTMENT OF HOUSING PRESERVATION AND DEVELOPMENT SHALL  MAKE
INFORMATION  RELATING TO THE PROVISIONS OF THIS SECTION AVAILABLE ON THE
DEPARTMENT'S WEBSITE, AND SHALL PROVIDE A CONTACT PHONE NUMBER  ALLOWING
TENANTS  TO  DETERMINE  BENEFITS AVAILABLE PURSUANT TO THIS SECTION. THE
DEPARTMENT SHALL CONVENE A TASK FORCE THAT SHALL EXAMINE AND  REPORT  ON
METHODS  TO IMPROVE THE TRANSPARENCY OF THE PROGRAM ESTABLISHED PURSUANT
TO THIS SECTION.
  S 26. Severability clause. If any clause, sentence, paragraph,  subdi-
vision, section or subpart of this act shall be adjudged by any court of
competent  jurisdiction  to  be invalid, such judgment shall not affect,
impair, or invalidate the remainder thereof, but shall  be  confined  in
its  operation  to the clause, sentence, paragraph, subdivision, section
or subpart thereof directly involved in the controversy  in  which  such
judgment  shall  have  been  rendered.  It  is hereby declared to be the
intent of the legislature that this act would have been enacted even  if
such invalid provisions had not been included herein.
  S 27. This act shall take effect immediately; provided, that:
  (a)  sections  one,  two and three of this act shall be deemed to have
been in full force and effect on and after December 31, 2011;
  (b) the amendments made to section 489 of the real property tax law by
section three of this act shall not be deemed to change the  eligibility
for  benefits,  pursuant  to such section and any local law or ordinance
providing for benefits pursuant to such section, as a result of  conver-
sions, alterations or improvements completed before December 31, 2011;
  (c)  the provisions of section fourteen of this act shall be deemed to
have been in full force and effect on and after December 31, 2007;
  (d) the provisions of sections fifteen, sixteen and seventeen of  this
act  shall  be deemed to have been in full force and effect on and after
December 28, 2010;
  (e) with respect to any application for a preliminary  certificate  of
eligibility  that is filed no later than June 24, 2012, or that is filed
for a project that was the subject of mortgage  foreclosure  proceedings
or  other  lien enforcement litigation by a lender on or before June 24,
2012, such project shall be subject to that portion of the definition of
"commence" contained in item (1) of clause (iv) of subparagraph  (2)  of
paragraph  (b)  of subdivision (a) of section 6-09 of title twenty-eight
of the rules of the city of New York;
  (f) sections eighteen, nineteen and twenty of this act shall be deemed
to have been in full force and effect on and after June 1, 2011;
  (g) notwithstanding any inconsistent provision of this act, the amend-
ment to subdivision 5 of section 281 of the multiple dwelling  law  made

S. 7815                            20                           A. 10798

by  section  twenty-one  of this act in relation to the authority of the
loft board to exempt categories or subcategories of units  or  buildings
by  rule  from  determinations  of inherently incompatible uses shall be
deemed  to  have been in force and effect on and after June 21, 2010 and
to authorize rules of the loft board promulgated after  such  date  that
make such exemptions; and
  (h)  sections  twenty-one,  twenty-two,  twenty-three  and twenty-four
shall expire and be deemed repealed on June 30, 2015.

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