Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 13, 2013 |
signed chap.478 |
Nov 01, 2013 |
delivered to governor |
Jun 18, 2013 |
returned to assembly passed senate 3rd reading cal.176 substituted for s3843a |
Jun 17, 2013 |
referred to rules delivered to senate passed assembly |
Jun 12, 2013 |
ordered to third reading rules cal.227 rules report cal.227 reported |
Jun 07, 2013 |
amend and recommit to rules 5900a |
Jun 03, 2013 |
reported referred to rules |
Apr 16, 2013 |
reported referred to ways and means |
Mar 08, 2013 |
referred to housing |
Assembly Bill A5900A
Signed By Governor2013-2014 Legislative Session
Sponsored By
WRIGHT
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
multi-Sponsors
Alec Brook-Krasny
2013-A5900 - Details
- See Senate Version of this Bill:
- S3843
- Law Section:
- Private Housing Finance Law
- Laws Affected:
- Amd §125, Priv Hous Fin L
2013-A5900 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5900 2013-2014 Regular Sessions I N A S S E M B L Y March 8, 2013 ___________ Introduced by M. of A. WRIGHT -- read once and referred to the Committee on Housing AN ACT to amend the private housing finance law, in relation to making technical corrections to the additional real property tax exemption for certain redevelopment company projects THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a-3) of subdivision 1 of section 125 of the private housing finance law, as added by chapter 415 of the laws of 2012, is amended to read as follows: (a-3) Any inconsistent provision of law notwithstanding, the local legislative body of any municipality may grant an additional tax exemption period for any project, other than a project by a mutual rede- velopment company, that received a tax exemption under paragraph (a) of this subdivision, upon the expiration of the tax exemption period. The additional tax exemption period may be for a term of fifty years, or until such time as the project is no longer operated under the restrictions and for the purposes set forth in this article, whichever is sooner. Unless otherwise approved by the local legislative body, the amount of taxes paid by the redevelopment company during such additional tax exemption period shall not be less than an amount equal to the [greater] LESSER of (i) ten percent of the annual rent or carrying charges of the project, minus utilities for the residential portion of the project, or (ii) the taxes payable by such company for the residen- tial portion of the project immediately prior to the expiration of the initial tax exemption 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. LBD07329-01-3
multi-Sponsors
Alec Brook-Krasny
2013-A5900A (ACTIVE) - Details
- See Senate Version of this Bill:
- S3843
- Law Section:
- Private Housing Finance Law
- Laws Affected:
- Amd §125, Priv Hous Fin L
2013-A5900A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5900--A 2013-2014 Regular Sessions I N A S S E M B L Y March 8, 2013 ___________ Introduced by M. of A. WRIGHT -- Multi-Sponsored by -- M. of A. BROOK-KRASNY -- read once and referred to the Committee on Housing -- reported and referred to the Committee on Ways and Means -- reported and referred to the Committee on Rules -- Rules Committee discharged, bill amended, ordered reprinted as amended and recommitted to the Committee on Rules AN ACT to amend the private housing finance law, in relation to making technical corrections to the additional real property tax exemption for certain redevelopment company projects THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a-3) of subdivision 1 of section 125 of the private housing finance law, as added by chapter 415 of the laws of 2012, is amended to read as follows: (a-3) Any inconsistent provision of law notwithstanding, the local legislative body of any municipality may grant an additional tax exemption period for any project, other than a project by a mutual rede- velopment company, that received a tax exemption under paragraph (a) of this subdivision, upon the expiration of the tax exemption period. The additional tax exemption period may be for a term of [fifty] FORTY years, or until such time as the project is no longer operated under the restrictions and for the purposes set forth in this article, whichever is sooner. Unless otherwise approved by the local legislative body, the amount of taxes paid by the redevelopment company during such additional tax exemption period shall not be less than [an amount equal to the greater of (i) ten percent of the annual rent or carrying charges of the project, minus utilities for the residential portion of the project, or (ii) the taxes payable by such company for the residential portion of the project] (I) THE TAXES PAYABLE BY SUCH COMPANY IN ACCORDANCE WITH THE RESOLUTION FOR SUCH REDEVELOPMENT COMPANY THAT WAS APPROVED BY THE LOCAL LEGISLATIVE BODY AND THAT WAS IN EFFECT IMMEDIATELY PRIOR TO THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07329-04-3
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