S T A T E O F N E W Y O R K
________________________________________________________________________
8354
2015-2016 Regular Sessions
I N A S S E M B L Y
August 5, 2015
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Introduced by M. of A. ROBINSON -- read once and referred to the Commit-
tee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to giving the New
York city department of finance discretion to accept late filings
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subparagraph (ii) of paragraph (a) of subdivision 5 of
section 489-cccccc of the real property tax law, as added by chapter 119
of the laws of 2008, is amended to read as follows:
(ii) Final application. Applicants shall file a final application for
benefits no later than one year from the date of issuance of the first
building permit for construction work, or, where construction work does
not require a building permit, no later than one year from the date of
commencement of construction. THE DEPARTMENT OF FINANCE SHALL ACCEPT
APPLICATIONS RECEIVED AFTER ONE YEAR FROM THE DATE OF COMMENCEMENT OF
CONSTRUCTION AS TIMELY FILED IF IT FINDS NO HARM FROM THE APPLICANT'S
LATE FILING OR NO FAULT ON THE PART OF THE APPLICANT IN FAILING TO FILE
PRIOR TO THE EXPIRATION OF ONE YEAR.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11630-01-5