senate Bill S833

2013-2014 Legislative Session

Relates to assessed valuation of property for purposes of adjustment of maximum rents

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


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

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Actions

view actions (2)
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

S833 - Details

Law Section:
New York City Administrative Code
Laws Affected:
Amd ยง26-405, NYC Ad Cd
Versions Introduced in Previous Legislative Sessions:
2011-2012: S1289
2009-2010: S6255

S833 - Summary

Relates to assessed valuation of property for purposes of adjustment of maximum rents.

S833 - Sponsor Memo

S833 - Bill Text download pdf

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

                                   833

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced by Sen. ESPAILLAT -- 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 administrative code of the  city  of  New  York,  in
  relation  to assessed valuation of property for purposes of adjustment
  of maximum rents

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

  Section  1.  The  opening paragraph of clause 1 of subparagraph (a) of
paragraph 1 of subdivision g of section  26-405  of  the  administrative
code of the city of New York is amended to read as follows:
  Such  valuation  shall  be  the  current  EQUALIZED assessed valuation
established by the city BASED UPON THE APPROPRIATE TAX CLASS RATIO WHICH
IS ESTABLISHED PURSUANT TO ARTICLE TWELVE OF THE REAL PROPERTY TAX  LAW,
which  is  in effect at the time of the filing of the application for an
adjustment under this subparagraph [(a)]; provided that:
  S 2. The provisions of section one of this act shall be deemed to have
been in full force and effect on and after September 30, 1997, and shall
apply to any proceeding pending on the effective date  of  this  act  or
determined thereafter.
  S  3. This act shall take effect immediately; provided that the amend-
ments to section 26-405 of the city rent and rehabilitation law made  by
section  one  of  this act shall remain in full force and effect only as
long as the public emergency requiring the  regulation  and  control  of
residential  rents and evictions continues, as provided in subdivision 3
of section 1 of the local emergency housing rent control act.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04088-01-3

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