Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Sep 29, 2016 |
signed chap.388 |
Sep 20, 2016 |
delivered to governor |
Jun 17, 2016 |
returned to senate passed assembly ordered to third reading rules cal.509 substituted for a10651 |
Jun 17, 2016 |
substituted by s8095 |
Jun 16, 2016 |
ordered to third reading rules cal.509 rules report cal.509 reported reported referred to rules |
Jun 14, 2016 |
reported referred to ways and means |
Jun 10, 2016 |
referred to real property taxation |
Assembly Bill A10651
Signed By Governor2015-2016 Legislative Session
Sponsored By
BRAUNSTEIN
Archive: Last Bill Status Via S8095 - 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
co-Sponsors
Michael DenDekker
2015-A10651 (ACTIVE) - Details
- See Senate Version of this Bill:
- S8095
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd ยง489, RPT L
2015-A10651 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10651 I N A S S E M B L Y June 10, 2016 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Braunstein) -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to the eligibil- ity for J-51 tax abatements to reflect cost of living adjustments THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 17 of section 489 of the real property tax law, as added by chapter 4 of the laws of 2013, is amended to read as follows: 17. (a) For purposes of this subdivision, "substantial governmental assistance" shall mean: (i) grants, loans or subsidies from any federal, state or local agency or instrumentality in furtherance of a program for the development of affordable housing approved by the local housing agency, including, without limitation, financing or insurance provided by the state of New York mortgage agency of the New York city residential mortgage insurance corporation; or (ii) a written agreement between a housing development fund corpo- ration and the local housing agency limiting the incomes of persons entitled to purchase shares or rent housing accommodations therein. (b) Any local law or ordinance providing for benefits pursuant to this section must also provide the following with respect to conversions, alterations or improvements completed on or after December thirty-first, two thousand eleven: (i) except as otherwise provided in this section with respect to multiple dwellings, buildings and structures owned and operated either by limited-profit housing companies established pursuant to article two of the private housing finance law or redevelopment companies estab- lished pursuant to article five of the private housing finance law, or with respect to a group of multiple dwellings that was developed as a planned community and that is owned as two separate condominiums containing a total of ten thousand or more dwelling units, any multiple dwelling, building or structure that is owned as a cooperative or a condominium that has an average assessed value [of thirty thousand EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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