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Assembly Bill A2679

2011-2012 Legislative Session

Relates to rent regulation for certain high income tenants

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Archive: Last Bill Status - In Assembly Committee

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2011-A2679 (ACTIVE) - Details

Current Committee:
Assembly Housing
Law Section:
New York City Administrative Code
Laws Affected:
Amd §§26-504.1 & 26-504.2, NYC Ad Cd; amd §5, Emerg Ten Prot Act of 1974
Versions Introduced in 2009-2010 Legislative Session:
A9444

2011-A2679 (ACTIVE) - Summary

Relates to rent regulation for certain high income tenants.

2011-A2679 (ACTIVE) - Bill Text download pdf

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

                                  2679

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            January 20, 2011
                               ___________

Introduced  by  M.  of  A.  FITZPATRICK -- read once and referred to the
  Committee on Housing

AN ACT to amend the administrative code of the city of New York and  the
  emergency  tenant protection act of nineteen seventy-four, in relation
  to rent regulation for certain high income tenants

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

  Section  1. Section 26-504.1 of the administrative code of the city of
New York, as amended by chapter 116 of the laws of 1997, is  amended  to
read as follows:
  S  26-504.1  Exclusion  of accommodations of high income renters. Upon
the issuance of an order by the division, "housing accommodations" shall
not include housing accommodations which: (1) are  occupied  by  persons
who  have  a  total  annual income in excess of one hundred seventy-five
thousand dollars per annum for each of the two preceding calendar years,
as defined in and subject to the limitations and process  set  forth  in
section 26-504.3 of this chapter; 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 law (a) SOLELY by virtue of receiving tax bene-
fits pursuant to section  four  hundred  twenty-one-a  or  four  hundred
eighty-nine  of  the real property tax law, except as otherwise provided
in subparagraph (i) of paragraph (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 multiple dwelling law.
  S 2. Subdivision a of section 26-504.2 of the administrative  code  of
the  city  of New York, as amended by chapter 82 of the laws of 2003, is
amended to read as follows:
  a. "Housing accommodations" shall not  include  any  housing  accommo-
dation  which  becomes  vacant on or after April first, nineteen hundred
ninety-seven and where at the  time  the  tenant  vacated  such  housing

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03035-01-1
              

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