senate Bill S5992A

Signed By Governor
2013-2014 Legislative Session

Relates to exemption of capital improvements to multiple dwellings within certain cities

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Archive: Last Bill Status Via A8323 - Signed by Governor


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

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Actions

view actions (14)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Sep 23, 2014 signed chap.365
Sep 11, 2014 delivered to governor
May 29, 2014 returned to assembly
passed senate
3rd reading cal.778
substituted for s5992a
May 29, 2014 substituted by a8323a
May 21, 2014 advanced to third reading
May 20, 2014 2nd report cal.
May 19, 2014 1st report cal.778
Apr 24, 2014 print number 5992a
amend and recommit to housing, construction and community development
Jan 08, 2014 referred to housing, construction and community development
Nov 22, 2013 referred to rules

Votes

view votes

May 19, 2014 - Housing, Construction and Community Development committee Vote

S5992A
6
0
committee
6
Aye
0
Nay
1
Aye with Reservations
0
Absent
2
Excused
0
Abstained
show Housing, Construction and Community Development committee vote details

Housing, Construction and Community Development Committee Vote: May 19, 2014

aye wr (1)
excused (2)

Bill Amendments

Original
A (Active)
Original
A (Active)

S5992 - Details

See Assembly Version of this Bill:
A8323A
Law Section:
Real Property Tax Law
Laws Affected:
Add §421-n, RPT L

S5992 - Summary

Provides for an exemption for capital improvements to multiple dwellings within certain cities where such multiple dwelling buildings are converted back to an owner occupied single family dwelling or any owner occupied multiple dwelling.

S5992 - Sponsor Memo

S5992 - Bill Text download pdf

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

                                  5992

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            November 22, 2013
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to amend the real property tax law, in relation to  exemption  of
  capital improvements to multiple dwellings within certain cities

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

  Section 1. The real property tax  law  is  amended  by  adding  a  new
section 421-n to read as follows:
  S 421-N. EXEMPTION OF CAPITAL IMPROVEMENTS TO MULTIPLE DWELLING BUILD-
INGS  WITHIN  CERTAIN  CITIES.  1.  MULTIPLE  DWELLING BUILDINGS, RECON-
STRUCTED, ALTERED, CONVERTED BACK TO AN  OWNER  OCCUPIED  SINGLE  FAMILY
DWELLING  OR  ANY  OWNER  OCCUPIED MULTIPLE DWELLING LOCATED IN ANY CITY
HAVING A POPULATION OF MORE THAN TEN THOUSAND INHABITANTS BUT LESS  THAN
TWENTY  THOUSAND  INHABITANTS,  DETERMINED IN ACCORDANCE WITH THE LATEST
FEDERAL DECENNIAL CENSUS, THAT IS REDUCED TO AT MOST TWO UNITS  BY  SUCH
RECONSTRUCTION  SUBSEQUENT TO THE EFFECTIVE DATE OF A LOCAL LAW PURSUANT
TO THIS SECTION SHALL BE EXEMPT FROM TAXATION  AND  SPECIAL  AD  VALOREM
LEVIES  TO  THE EXTENT PROVIDED HEREINAFTER. AFTER A PUBLIC HEARING, THE
GOVERNING BOARD OF SUCH  CITY  MAY  ADOPT  A  LOCAL  LAW  TO  GRANT  THE
EXEMPTION  AUTHORIZED PURSUANT TO THIS SECTION. A COPY OF SUCH LOCAL LAW
SHALL BE FILED WITH THE COMMISSIONER AND THE ASSESSOR OF SUCH  CITY  WHO
PREPARES THE ASSESSMENT ROLL ON WHICH THE TAXES OF SUCH CITY ARE LEVIED.
  2. (A) SUCH BUILDINGS WITHIN SUCH CITY SHALL BE EXEMPT FOR A PERIOD OF
ONE  YEAR  TO  THE  EXTENT  OF  ONE  HUNDRED  PERCENT OF THE INCREASE IN
ASSESSED  VALUE  ATTRIBUTABLE  TO  SUCH  RECONSTRUCTION,  ALTERATION  OR
IMPROVEMENT  AND  FOR AN ADDITIONAL PERIOD OF SEVEN YEARS SUBJECT TO THE
FOLLOWING:
  (I) THE EXTENT OF SUCH EXEMPTION SHALL  BE  DECREASED  BY  TWELVE  AND
ONE-HALF  PERCENT  OF  THE  "EXEMPTION BASE" EACH YEAR DURING SUCH ADDI-
TIONAL PERIOD. THE "EXEMPTION BASE" SHALL BE THE  INCREASE  IN  ASSESSED

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11995-01-3

S5992A (ACTIVE) - Details

See Assembly Version of this Bill:
A8323A
Law Section:
Real Property Tax Law
Laws Affected:
Add §421-n, RPT L

S5992A (ACTIVE) - Summary

Provides for an exemption for capital improvements to multiple dwellings within certain cities where such multiple dwelling buildings are converted back to an owner occupied single family dwelling or any owner occupied multiple dwelling.

S5992A (ACTIVE) - Sponsor Memo

S5992A (ACTIVE) - Bill Text download pdf

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

                                 5992--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            November 22, 2013
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules  --  recommitted  to
  the  Committee  on  Housing, Construction and Community Development in
  accordance with Senate Rule 6, sec. 8 --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee

AN ACT to amend the real property tax law, in relation to  exemption  of
  capital improvements to multiple dwellings within certain cities

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

  Section 1. The real property tax  law  is  amended  by  adding  a  new
section 421-n to read as follows:
  S 421-N. EXEMPTION OF CAPITAL IMPROVEMENTS TO MULTIPLE DWELLING BUILD-
INGS  WITHIN  CERTAIN  CITIES.  1.  MULTIPLE  DWELLING BUILDINGS, RECON-
STRUCTED, ALTERED, CONVERTED BACK TO AN  OWNER  OCCUPIED  SINGLE  FAMILY
DWELLING  OR  ANY  OWNER  OCCUPIED MULTIPLE DWELLING LOCATED IN ANY CITY
HAVING A POPULATION OF MORE THAN THIRTEEN THOUSAND FIVE HUNDRED INHABIT-
ANTS BUT LESS THAN FOURTEEN THOUSAND INHABITANTS, DETERMINED IN  ACCORD-
ANCE  WITH  THE  LATEST  FEDERAL DECENNIAL CENSUS, THAT IS REDUCED TO AT
MOST TWO UNITS BY SUCH RECONSTRUCTION SUBSEQUENT TO THE  EFFECTIVE  DATE
OF  A  LOCAL  LAW PURSUANT TO THIS SECTION SHALL BE EXEMPT FROM TAXATION
AND SPECIAL AD VALOREM LEVIES TO THE EXTENT PROVIDED HEREINAFTER.  AFTER
A PUBLIC HEARING, THE GOVERNING BOARD OF SUCH CITY MAY ADOPT A LOCAL LAW
TO  GRANT  THE  EXEMPTION AUTHORIZED PURSUANT TO THIS SECTION. A COPY OF
SUCH LOCAL LAW SHALL BE FILED WITH THE COMMISSIONER AND THE ASSESSOR  OF
SUCH  CITY  WHO  PREPARES THE ASSESSMENT ROLL ON WHICH THE TAXES OF SUCH
CITY ARE LEVIED.
  2. (A) SUCH BUILDINGS WITHIN SUCH CITY SHALL BE EXEMPT FOR A PERIOD OF
ONE YEAR TO THE EXTENT  OF  ONE  HUNDRED  PERCENT  OF  THE  INCREASE  IN
ASSESSED  VALUE  ATTRIBUTABLE  TO  SUCH  RECONSTRUCTION,  ALTERATION  OR

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11995-03-4

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