senate Bill S4022

Signed By Governor
2013-2014 Legislative Session

Establishes a property tax exemption in the city of Syracuse for the rehabilitation of vacant residential structures

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A5743 -


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

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Oct 23, 2013 signed chap.441
Oct 11, 2013 delivered to governor
Jun 11, 2013 returned to assembly
passed senate
3rd reading cal.1050
substituted for s4022
Jun 11, 2013 substituted by a5743
Jun 10, 2013 advanced to third reading
Jun 05, 2013 2nd report cal.
Jun 04, 2013 1st report cal.1050
Mar 05, 2013 referred to local government

S4022 - Details

See Assembly Version of this Bill:
A5743
Law Section:
Real Property Tax Law
Laws Affected:
Rpld §485-m, add §485-o, RPT L

S4022 - Summary

Establishes a property tax exemption in the city of Syracuse for the rehabilitation of vacant residential structures.

S4022 - Sponsor Memo

S4022 - Bill Text download pdf

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

                                  4022

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              March 5, 2013
                               ___________

Introduced  by  Sen. VALESKY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the real property tax law, in relation to establishing a
  new residential property exemption in certain cities;  and  to  repeal
  section 485-m of the real property tax law relating thereto

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

  Section 1. Section 485-m of the real property tax  law,  as  added  by
chapter  370  of the laws of 2008 is REPEALED and a new section 485-o is
added to read as follows:
  S 485-O.  NEW  RESIDENTIAL  PROPERTY  EXEMPTION;  CERTAIN  CITIES.  1.
CONSTRUCTION  OF QUALIFIED NEW RESIDENTIAL STRUCTURES OR TOTAL REHABILI-
TATION OF QUALIFIED VACANT RESIDENTIAL STRUCTURES DETERMINED TO BE UNOC-
CUPIED HAZARDS INITIATED ON OR AFTER THE FIRST DAY OF JANUARY, TWO THOU-
SAND THIRTEEN IN CITIES WITH A POPULATION OF NOT LESS THAN  ONE  HUNDRED
THIRTY THOUSAND AND NOT MORE THAN ONE HUNDRED SIXTY THOUSAND, BASED UPON
THE  TWO  THOUSAND TEN FEDERAL CENSUS MAY BE EXEMPT FROM CITY AND SCHOOL
TAXATION AS PROVIDED IN THIS SECTION.
  2. (A) (I) SUCH QUALIFIED RESIDENTIAL REAL PROPERTY SHALL BE EXEMPT IN
ACCORDANCE WITH THE APPLICABLE EXEMPTION SCHEDULES  SET  FORTH  IN  THIS
SUBPARAGRAPH  AND  SUCH  EXEMPTION SHALL BE COMPUTED WITH RESPECT TO THE
"EXEMPTION BASE". THE EXEMPTION  BASE  SHALL  BE  THE  INCREASE  IN  THE
ASSESSED  VALUE  DUE  TO  QUALIFIED  IMPROVEMENTS  AS  DETERMINED IN THE
INITIAL YEAR OF THE APPLICABLE EXEMPTION PRICE FOLLOWING THE  FILING  OF
AN  ORIGINAL  APPLICATION, PROVIDED THAT THE APPLICATION RELATIVE TO THE
REHABILITATION OF A QUALIFIED VACANT RESIDENTIAL STRUCTURE DETERMINED TO
BE AN UNOCCUPIED HAZARD SHALL BE PRE-APPROVED BY THE CITY AS PROVIDED IN
THIS SECTION.
  (II)
                CONSTRUCTION OF QUALIFIED LEED CERTIFIED
                       NEW RESIDENTIAL STRUCTURES

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07647-02-3

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