senate Bill S5047

2011-2012 Legislative Session

Provides for decontrol of rent regulated housing accommodations when total average annual income over two calendar years exceeds $175,000

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Housing, Construction And Community Development 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
Jan 04, 2012 referred to housing, construction and community development
Jun 24, 2011 committed to rules
Jun 07, 2011 advanced to third reading
Jun 06, 2011 2nd report cal.
Jun 02, 2011 1st report cal.928
May 03, 2011 referred to housing, construction and community development

Votes

view votes

Jun 2, 2011 - Housing, Construction and Community Development committee Vote

S5047
5
3
committee
5
Aye
3
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Housing, Construction and Community Development committee vote details

Housing, Construction and Community Development Committee Vote: Jun 2, 2011

S5047 - Details

Law Section:
Emergency Tenant Protection Act of 1974
Laws Affected:
Amd §§5 & 5-a, Emerg Ten Prot Act of 1974; amd §§2 & 2-a, Emerg Hous Rent Cont L; amd §§26-504.1, 26-504.3, 26-403 & 26-403.1, NYC Ad Cd

S5047 - Summary

Provides for decontrol of rent regulated housing accommodations when total average annual income over two calendar years exceeds $175,000.

S5047 - Sponsor Memo

S5047 - Bill Text download pdf

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

                                  5047

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               May 3, 2011
                               ___________

Introduced  by  Sen.  YOUNG  -- 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 emergency tenant protection act of nineteen seven-
  ty-four, the emergency housing rent control law and the administrative
  code of the city of New York, in relation to the deregulation of rents
  for high-income rent regulated tenants

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

  Section  1. Paragraph 12 of subdivision a of section 5 of section 4 of
chapter 576 of the laws  of  1974,  constituting  the  emergency  tenant
protection  act  of  nineteen seventy-four, as amended by chapter 116 of
the laws of 1997, is amended to read as follows:
  (12) upon   issuance of an order by  the  division,  housing  accommo-
dations  which are[:   (1)] occupied by persons who have a total AVERAGE
annual income in excess of one hundred seventy-five thousand dollars per
annum [in each of] FOR the two preceding calendar years, as  defined  in
and  subject  to the limitations and process set forth in section five-a
of this act[; and (2) have  a  legal  regulated  rent  of  two  thousand
dollars or more per month.]  Provided however, that this exclusion shall
not  apply  to  housing accommodations which became or become subject to
this act (a) by virtue of receiving tax  benefits  pursuant  to  section
four  hundred twenty-one-a or four hundred eighty-nine of the real prop-
erty tax law, except as otherwise provided in subparagraph (i) of  para-
graph (f) of subdivision two of section four hundred twenty-one-a of the
real property tax law, or (b) by virtue of article seven-C of the multi-
ple dwelling law.
  S  2.    Section  5-a of section 4 of chapter 576 of the laws of 1974,
constituting the emergency tenant protection act  of  nineteen  seventy-
four,  as  added by chapter 253 of the laws of 1993, subdivision (b) and

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10119-02-1

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