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 |
Senate Bill S4022
Signed By Governor2013-2014 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status Via A5743 - 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
2013-S4022 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A5743
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Rpld §485-m, add §485-o, RPT L
2013-S4022 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4022 TITLE OF BILL: 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 PURPOSE OR GENERAL IDEA OF BILL: To re-establish a property tax exemption in the City of Syracuse for the rehabilitation of vacant residential structures. SUMMARY OF SPECIFIC PROVISIONS: Section 1 -- Adds a new section 485-o to the Real Property Tax Law. This new section establishes a residential property tax exemption for the rehabilitation of vacant residential structures. Section 485-o (1) states that this applies to properties in the City of Syracuse. Section 485-o (2) (a) (i) establishes the exemptions allowed for the rehabilitation of vacant residential structures. Section 485-o (2) (a)(ii) establishes an application procedure for the exemption.
2013-S4022 (ACTIVE) - 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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