S T A T E O F N E W Y O R K
________________________________________________________________________
7152
2011-2012 Regular Sessions
I N A S S E M B L Y
April 13, 2011
___________
Introduced by M. of A. FARRELL -- read once and referred to the Commit-
tee on Ways and Means
AN ACT to amend the real property tax law, in relation to applications
for tax abatements for industrial and commercial construction work on
properties in a city of one million or more persons
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph (a) of subdivision 1 of section 489-dddddd of the
real property tax law, as amended by chapter 138 of the laws of 2008, is
amended to read as follows:
(a) Application for benefits pursuant to this title may be made imme-
diately following the effective date of a local law enacted pursuant to
this title and continuing until March first, two thousand [eleven]
FIFTEEN.
S 2. Section 489-dddddd of the real property tax law is amended by
adding a new subdivision 3 to read as follows:
3. COMMENCEMENT OF WORK. (A) NO BENEFITS PURSUANT TO THIS TITLE SHALL
BE GRANTED FOR CONSTRUCTION WORK PERFORMED PURSUANT TO A BUILDING PERMIT
ISSUED AFTER APRIL FIRST, TWO THOUSAND FIFTEEN.
(B) IF NO BUILDING PERMIT WAS REQUIRED, THEN NO BENEFITS PURSUANT TO
THIS TITLE SHALL BE GRANTED FOR CONSTRUCTION WORK THAT IS NOT COMMENCED
ON OR BEFORE APRIL FIRST, TWO THOUSAND FIFTEEN.
S 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09275-01-1