|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to housing, construction and community development|
|Jan 05, 2011||referred to housing, construction and community development|
senate Bill S41
Archive: Last Bill Status - In Senate Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S41 - Details
S41 - Sponsor Memo
BILL NUMBER:S41 TITLE OF BILL: An act to amend the real property tax law, in relation to requiring notification to be given to the local housing agency in the event that cessation of construction on a project for which an application for a certain tax exemption has been made equals or exceeds one hundred twenty days PURPOSE: To require applicants under the 421-a tax abatement program to provide written notice to the local housing agency when construction ceases for a period exceeding one hundred twenty days. SUMMARY OF PROVISIONS: Adds a new subdivision 5-a to Section 421-a of the real property tax law requiring applicants to affirmatively notify the local housing agency in writing when construction ceases for a period exceeding one hundred twenty days, the reasons for the cessation and the date construction is expected to resume. EXISTING LAW: Section 421-a real property tax law.
S41 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 41 2011-2012 Regular Sessions I N S E N A T E (PREFILED) January 5, 2011 ___________ Introduced by Sen. SQUADRON -- 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 requiring notification to be given to the local housing agency in the event that cessation of construction on a project for which an application for a certain tax exemption has been made equals or exceeds one hundred twenty days THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 421-a of the real property tax law is amended by adding a new subdivision 5-a to read as follows: 5-A. IN THE EVENT THAT CONSTRUCTION ON A PROJECT FOR WHICH AN APPLICA- TION FOR TAX EXEMPTION UNDER THIS SECTION HAS BEEN MADE CEASES FOR A PERIOD EXCEEDING ONE HUNDRED TWENTY DAYS, THE APPLICANT FOR THE TAX EXEMPTION SHALL PROVIDE WRITTEN NOTICE TO THE LOCAL HOUSING AGENCY OF THE CESSATION, THE REASONS FOR THE CESSATION AND THE PROJECTED DATE CONSTRUCTION ON THE PROJECT IS TO RESUME. SUCH NOTICE SHALL BE GIVEN PRIOR TO THE EXPIRATION OF THE ONE HUNDRED TWENTY DAY PERIOD. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00166-01-1
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