senate Bill S172

2013-2014 Legislative Session

Requires notice to the local housing agency when construction is halted on a project for which an application for a certain tax exemption has been made

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to housing, construction and community development
Jan 09, 2013 referred to housing, construction and community development

S172 - Details

See Assembly Version of this Bill:
A2186
Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง421-a, RPT L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S41, A4087
2009-2010: S5281A, A8125A

S172 - Summary

Requires notification to be given to the New York City Department of Housing Preservation in the event that construction on a project for which an application for a certain tax exemption has been made ceases for a period exceeding one hundred twenty days.

S172 - Sponsor Memo

S172 - Bill Text download pdf

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

                                   172

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by Sen. SQUADRON -- 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 requiring
  notification to be given to the local housing agency in the event that
  cessation of construction on a project for which an application for  a
  certain  tax  exemption  has  been  made equals or exceeds one hundred
  twenty days

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

  Section  1.  Section  421-a of the real property tax law is amended by
adding a new subdivision 5-a to read as follows:
  5-A. IN THE EVENT THAT CONSTRUCTION ON A PROJECT FOR WHICH AN APPLICA-
TION FOR TAX EXEMPTION UNDER THIS SECTION HAS BEEN  MADE  CEASES  FOR  A
PERIOD  EXCEEDING  ONE  HUNDRED  TWENTY  DAYS, THE APPLICANT FOR THE TAX
EXEMPTION SHALL PROVIDE WRITTEN NOTICE TO THE LOCAL  HOUSING  AGENCY  OF
THE  CESSATION,  THE  REASONS  FOR  THE CESSATION AND THE PROJECTED DATE
CONSTRUCTION ON THE PROJECT IS TO RESUME. SUCH  NOTICE  SHALL  BE  GIVEN
PRIOR TO THE EXPIRATION OF THE ONE HUNDRED TWENTY DAY PERIOD.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00851-01-3

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