senate Bill S4381A

2011-2012 Legislative Session

Establishes an exemption from local taxation in cities having a population of one million or more for newly constructed housing with 3 or less dwelling units

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Sponsored By

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 (7)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to housing, construction and community development
Jun 24, 2011 committed to rules
Jun 14, 2011 advanced to third reading
Jun 13, 2011 2nd report cal.
amended 4381a
Jun 07, 2011 1st report cal.1034
Apr 01, 2011 referred to housing, construction and community development

Votes

view votes

Jun 7, 2011 - Housing, Construction and Community Development committee Vote

S4381
5
3
committee
5
Aye
3
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Jun 7, 2011

Co-Sponsors

S4381 - Details

See Assembly Version of this Bill:
A8199A
Law Section:
Real Property Tax Law
Laws Affected:
Add §421-l, RPT L

S4381 - Summary

Establishes an exemption from local taxation in cities having a population of one million or more for newly constructed housing with 3 or less dwelling units.

S4381 - Sponsor Memo

S4381 - Bill Text download pdf

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

                                  4381

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              April 1, 2011
                               ___________

Introduced  by  Sens.  YOUNG,  LANZA,  SAVINO  -- 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
  newly  constructed  private homes from local taxation in cities 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.    The  real  property  tax law is amended by adding a new
section 421-1 to read as follows:
  S 421-1. EXEMPTION OF CERTAIN PRIVATE HOMES FROM LOCAL TAXATION.    1.
FOR PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOW-
ING MEANINGS:
  (A)  "COMMENCE  CONSTRUCTION" SHALL MEAN THAT THE AGENCY OR DEPARTMENT
OF THE CITY HAVING JURISDICTION HAS ISSUED A PERMIT FOR CONSTRUCTION  OF
A  PRIVATE HOME AND SUCH WORK HAS BEGUN IN GOOD FAITH IN ACCORDANCE WITH
SUCH PERMIT.
  (B) "COMPLETE CONSTRUCTION" SHALL MEAN THAT THE AGENCY  OR  DEPARTMENT
OF  THE  CITY  HAVING  JURISDICTION  HAS ISSUED A TEMPORARY OR PERMANENT
CERTIFICATE OF OCCUPANCY FOR ALL RESIDENTIAL AREAS OF THE PRIVATE HOME.
  (C) "ELIGIBLE PROJECT" SHALL MEAN A NEWLY  CONSTRUCTED  PRIVATE  HOME,
INCLUDING  BOTH LAND AND IMPROVEMENTS, TO BE OCCUPIED AS A RESIDENCE FOR
THE FIRST TIME, WHICH COMMENCES CONSTRUCTION ON OR AFTER JULY FIRST, TWO
THOUSAND TEN AND ON OR BEFORE DECEMBER THIRTY-FIRST, TWO THOUSAND  FOUR-
TEEN,  AND  COMPLETES  CONSTRUCTION NO LATER THAN DECEMBER THIRTY-FIRST,
TWO THOUSAND SIXTEEN, AND WHICH IS DESIGNED AND OCCUPIED EXCLUSIVELY FOR
RESIDENTIAL PURPOSES.
  (D) "EXEMPTION COMMENCEMENT DATE" SHALL MEAN THE FIRST TAXABLE  STATUS
DATE  AFTER THE LATER TO OCCUR OF THE COMPLETION OF SUCH CONSTRUCTION OR
THE SALE TO THE INITIAL PURCHASER OR, IN THE CASE OF A PRIVATE HOME IN A
CONDOMINIUM FORM OF OWNERSHIP, THE FIRST TAXABLE STATUS DATE  AFTER  THE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10569-01-1

Co-Sponsors

S4381A (ACTIVE) - Details

See Assembly Version of this Bill:
A8199A
Law Section:
Real Property Tax Law
Laws Affected:
Add §421-l, RPT L

S4381A (ACTIVE) - Summary

Establishes an exemption from local taxation in cities having a population of one million or more for newly constructed housing with 3 or less dwelling units.

S4381A (ACTIVE) - Sponsor Memo

S4381A (ACTIVE) - Bill Text download pdf

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

                                 4381--A
    Cal. No. 1034

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              April 1, 2011
                               ___________

Introduced  by  Sens.  YOUNG,  LANZA,  SAVINO  -- read twice and ordered
  printed, and when printed to be committed to the Committee on Housing,
  Construction and Community Development -- reported favorably from said
  committee, ordered to first report, amended on first  report,  ordered
  to  a  second report and ordered reprinted, retaining its place in the
  order of second report

AN ACT to amend the real property tax law, in relation to  exemption  of
  newly  constructed  private homes from local taxation in cities 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.    The  real  property  tax law is amended by adding a new
section 421-l to read as follows:
  S 421-L. EXEMPTION OF CERTAIN PRIVATE HOMES FROM LOCAL TAXATION.    1.
FOR PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOW-
ING MEANINGS:
  (A)  "COMMENCE  CONSTRUCTION" SHALL MEAN THAT THE AGENCY OR DEPARTMENT
OF THE CITY HAVING JURISDICTION HAS ISSUED A PERMIT FOR CONSTRUCTION  OF
A  PRIVATE HOME AND SUCH WORK HAS BEGUN IN GOOD FAITH IN ACCORDANCE WITH
SUCH PERMIT ON OR BEFORE APRIL FIRST, TWO THOUSAND FOURTEEN.
  (B) "COMPLETE CONSTRUCTION" SHALL MEAN THAT THE AGENCY  OR  DEPARTMENT
OF  THE  CITY  HAVING  JURISDICTION  HAS ISSUED A TEMPORARY OR PERMANENT
CERTIFICATE OF OCCUPANCY FOR ALL RESIDENTIAL AREAS OF THE PRIVATE HOME.
  (C) "ELIGIBLE PROJECT" SHALL MEAN A NEWLY  CONSTRUCTED  PRIVATE  HOME,
INCLUDING  BOTH LAND AND IMPROVEMENTS, TO BE OCCUPIED AS A RESIDENCE FOR
THE FIRST TIME, WHICH COMMENCES CONSTRUCTION ON OR AFTER JULY FIRST, TWO
THOUSAND TEN AND ON OR BEFORE DECEMBER THIRTY-FIRST, TWO THOUSAND  FOUR-
TEEN,  AND  COMPLETES  CONSTRUCTION NO LATER THAN DECEMBER THIRTY-FIRST,
TWO THOUSAND SIXTEEN, AND WHICH IS DESIGNED AND OCCUPIED EXCLUSIVELY FOR
RESIDENTIAL PURPOSES.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10569-07-1

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