senate Bill S2499B

2011-2012 Legislative Session

Creates a real property tax exemption for capital improvements to multiple dwellings in certain cities

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Archive: Last Bill Status - In Senate Committee


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

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Actions

view actions (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 02, 2012 print number 2499b
amend and recommit to housing, construction and community development
Jan 04, 2012 referred to housing, construction and community development
Mar 07, 2011 print number 2499a
amend and recommit to housing, construction and community development
Jan 24, 2011 referred to housing, construction and community development

S2499 - Details

See Assembly Version of this Bill:
A5644A
Law Section:
Real Property Tax Law
Laws Affected:
Add §421-l, RPT L
Versions Introduced in 2009-2010 Legislative Session:
S5875A, A8648A

S2499 - Summary

Creates a real property tax exemption for capital improvements to multiple dwellings in certain cities.

S2499 - Sponsor Memo

S2499 - Bill Text download pdf

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

                                  2499

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 24, 2011
                               ___________

Introduced  by Sen. McDONALD -- read twice and ordered printed, and when
  printed to be committed to the Committee on Housing, Construction  and
  Community Development

AN  ACT  to amend the real property tax law, in relation to exemption of
  capital improvements to multiple dwelling buildings in 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-l to read as follows:
  S 421-L. 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  FORTY-EIGHT THOUSAND NINE HUNDRED
INHABITANTS BUT LESS THAN FORTY-NINE THOUSAND FOUR HUNDRED  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 HERE-
INAFTER.  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-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01576-02-1

S2499A - Details

See Assembly Version of this Bill:
A5644A
Law Section:
Real Property Tax Law
Laws Affected:
Add §421-l, RPT L
Versions Introduced in 2009-2010 Legislative Session:
S5875A, A8648A

S2499A - Summary

Creates a real property tax exemption for capital improvements to multiple dwellings in certain cities.

S2499A - Sponsor Memo

S2499A - Bill Text download pdf

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

                                 2499--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 24, 2011
                               ___________

Introduced  by Sen. McDONALD -- read twice and ordered printed, and when
  printed to be committed to the Committee on Housing, Construction  and
  Community  Development  -- committee discharged, bill amended, ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the real property tax law, in relation to  exemption  of
  capital improvements to multiple dwelling buildings in 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-l to read as follows:
  S 421-L. 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  FORTY-EIGHT  THOUSAND  NINE  HUNDRED
INHABITANTS  BUT LESS THAN FORTY-NINE THOUSAND FOUR HUNDRED 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 HERE-
INAFTER. 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:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01576-04-1

S2499B (ACTIVE) - Details

See Assembly Version of this Bill:
A5644A
Law Section:
Real Property Tax Law
Laws Affected:
Add §421-l, RPT L
Versions Introduced in 2009-2010 Legislative Session:
S5875A, A8648A

S2499B (ACTIVE) - Summary

Creates a real property tax exemption for capital improvements to multiple dwellings in certain cities.

S2499B (ACTIVE) - Sponsor Memo

S2499B (ACTIVE) - Bill Text download pdf

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

                                 2499--B

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 24, 2011
                               ___________

Introduced  by Sen. McDONALD -- read twice and ordered printed, and when
  printed to be committed to the Committee on Housing, Construction  and
  Community  Development  -- committee discharged, bill amended, ordered
  reprinted as amended and recommitted to said committee --  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 dwelling buildings in 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-l to read as follows:
  S 421-L. 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 FORTY-NINE THOUSAND NINE HUNDRED INHAB-
ITANTS  BUT  LESS  THAN  FIFTY  THOUSAND  ONE HUNDRED FIFTY 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 HERE-
INAFTER. 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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01576-06-2

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