|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jun 21, 2012||committed to rules|
|May 02, 2012||advanced to third reading|
|May 01, 2012||2nd report cal.|
|Apr 30, 2012||1st report cal.605|
|Feb 13, 2012||referred to housing, construction and community development|
senate Bill S6473
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S6473 - Details
- Current Committee:
- Law Section:
- Emergency Housing Rent Control Law
- Laws Affected:
- Amd §§2 & 2-a, Emerg Hous Rent Cont L; amd §§5 & 5-a, Emerg Ten Prot Act of 1974; amd §§26-403, 26-403.1, 26-504.1 & 26-504.3, NYC Ad Cd
S6473 - Summary
Provides for high income decontrol of rent regulated housing accommodations based upon the average annual income of the tenants for the previous two years.
S6473 - Sponsor Memo
BILL NUMBER:S6473 TITLE OF BILL: An act to amend the emergency housing rent control law, the emergency tenant protection act of nineteen seventy-four and the administrative code of the city of New York, in relation to high income decontrol of rent regulated housing accommodations PURPOSE: This bill would provide for a two year averaging of a tenant's annual income in determining whether the tenant is eligible for a rent regulated apartment. SUMMARY OF PROVISIONS: Changes made to rent regulation last year increased the amount of annual income which a tenant may earn in order to qualify for a rent regulated apartment. Currently, the law requires that a tenant have a federal adjusted gross income of $200,000 for each of the prior two years. This bill would require that the determination be based upon adjusted gross income for the prior two years, not $200,000 for each of the prior two years. JUSTIFICATION: In 1993, the State Legislature enacted two forms of rent deregulation. That law, as amended by subsequent legislation in 1997 and 2011, provides that (1) for in-place tenants, an apartment can be deregulated where the legal regulated rent for the apartment exceeds $2,500 per month and the income for the tenant exceeds $200,000 and (2) for apartments after vacancy, an apartment can be deregulated where the legal regulated rent for the apartment exceeds
S6473 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6473 I N S E N A T E February 13, 2012 ___________ 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 housing rent control law, the emergency tenant protection act of nineteen seventy-four and the administrative code of the city of New York, in relation to high income decontrol of rent regulated housing accommodations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph 1 of paragraph (m) of subdivision 2 of section 2 of chapter 274 of the laws of 1946, constituting the emergency housing rent control law, as amended by section 31 of part B of chapter 97 of the laws of 2011, is amended to read as follows: (1) are occupied by persons who have a total AVERAGE annual income, as defined in and subject to the limitations and process set forth in section two-a of this law, in excess of the deregulation income thresh- old as defined in section two-a of this law [in each of] FOR the two preceding calendar years; S 2. Subdivision (b) and paragraphs 1 and 2 of subdivision (c) of section 2-a of chapter 274 of the laws of 1946, constituting the emer- gency housing rent control law, as amended by section 32 of part B of chapter 97 of the laws of 2011, are amended to read as follows: (b) On or before the first day of May in each calendar year, the owner of each housing accommodation for which the maximum monthly rent equals or exceeds the deregulation rent threshold may provide the tenant or tenants residing therein with an income certification form prepared by the division of housing and community renewal on which such tenant or tenants shall identify all persons referred to in subdivision (a) of this section and shall certify whether the total annual income is in excess of the deregulation income threshold in each of the two preceding calendar years. Such income certification form shall state that the income level certified to by the tenant may be subject to verification by the department of taxation and finance pursuant to section one hundred seventy-one-b of the tax law and shall not require disclosure of EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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