Senate Bill S4998A

2015-2016 Legislative Session

Relates to a partial abatement of real property taxes for condominiums and cooperatives in a city having a population of one million or more

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Archive: Last Bill Status - In Senate Committee Cities Committee

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

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Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 06, 2016	referred to cities
May 19, 2015	print number 4998a
May 19, 2015	amend and recommit to cities
Apr 28, 2015	referred to cities

Bill Amendments

Original

A (Active)

co-Sponsors

2015-S4998 - Details

Current Committee:: Senate Cities
Law Section:: Real Property Tax Law
Laws Affected:: Amd §467-a, RPT L

2015-S4998 - Summary

Relates to a partial abatement of real property taxes for condominiums and cooperatives in a city having a population of one million or more; establishes when partial abatements are available for calendar years 2015-2019.

2015-S4998 - Sponsor Memo

                                BILL NUMBER:S4998

TITLE OF BILL:  An act to amend the real property tax law, in relation
to a partial abatement of real property taxes for condominiums and
cooperatives in a city having a population of one million or more

PURPOSE: To extend for five years a real property tax abatement
program for cooperative and condominium units in cities of one million
or more, to address the inequitable tax treatment of co-op and condo
owners

SUMMARY OF PROVISIONS: Extends the abatement program for five
additional years (for FY commencing 2015, 2016, 2017, 2018, 2019).
Paragraphs d-1 through d-4 provide the benefit schedule for dwelling
units that serve as the primary residence of their unit owner and up
to two additional units located within the same property that are also
owned by such owner.

The benefits are as follows:

o For fiscal years commencing in 2015, 2016, 2017, 2018, 2019,
dwelling units in property whose average unit assessed value is less
than or equal to $50,000 shall receive a partial abatement of 28.1%.

o In fiscal years commencing in 2015, 2016, 2017, 2018, 2019, dwelling
units in property whose average unit assessed value is more than

$50,000, but less than or equal to $55,000, shall receive a partial
abatement 25.2%.

o In fiscal years commencing in 2015, 2016, 2017,2018,2019 dwelling
units in property whose average unit assessed value is more than
$55,000, but less than or equal to $60,000, shall receive a partial
abatement of 22.5%.

o In fiscal years commencing in 2015, 2016, 2017, 2018, 2019, dwelling
units in property whose average unit assessed value is more than
$60,000, shall receive a partial abatement of 17.5%.

JUSTIFICATION: It is well established that the real property tax
system in New York City burdens owners of co-op and condominium units
with significantly larger tax bills than the owners of comparably
valued one-, two- and three-family homes. Recognizing this inequity,
New York State authorized-- and the City of New York implemented -- a
partial property tax abatement program for co-op and condo owners
since 1996, which was extended through 2014. While the abatement is no
substitute for the long-overdue reform of tax policy to correct this
inequity, extending the current abatement program will at least
continue the current level of relief for hundreds of thousands of New
York City co-op and condo owners.

LEGISLATIVE HISTORY: Similar legislation has been adopted since 1996,
most recently S.7091 in 2012.

FISCAL IMPLICATIONS: None to the state

EFFECTIVE DATE: Immediately.

2015-S4998 - Bill Text download pdf

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

                                  4998

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             April 28, 2015
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Cities

AN ACT to amend the real property tax law,  in  relation  to  a  partial
  abatement  of real property taxes for condominiums and cooperatives in
  a city having a population of one million or more

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

  Section 1. Paragraphs (a) and (b) of subdivision 2 of section 467-a of
the  real property tax law, as amended by chapter 4 of the laws of 2013,
are amended to read as follows:
  (a) In a city having a population of one  million  or  more,  dwelling
units  owned  by  unit  owners  who, as of the applicable taxable status
date, own no more than three dwelling units in any one property held  in
the  condominium  form  of  ownership,  shall  be  eligible to receive a
partial abatement of real property taxes, as  set  forth  in  paragraphs
(c),  (d),  (d-1), (d-2), (d-3), (d-4), (d-5) and (d-6) of this subdivi-
sion; provided, however, that a property held in the condominium form of
ownership that is  receiving  complete  or  partial  real  property  tax
exemption or tax abatement pursuant to any other provision of this chap-
ter or any other state or local law, except as provided in paragraph (f)
of  this  subdivision, shall not be eligible to receive a partial abate-
ment pursuant to this section;  and  provided,  further,  that  sponsors
shall  not  be  eligible to receive a partial abatement pursuant to this
section; and provided, further, that in the fiscal  year  commencing  in
calendar years two thousand [twelve, two thousand thirteen, or two thou-
sand  fourteen]  FIFTEEN,  TWO THOUSAND SIXTEEN, TWO THOUSAND SEVENTEEN,
TWO THOUSAND EIGHTEEN OR TWO THOUSAND NINETEEN, no more than  a  maximum
of  three  dwelling  units owned by any unit owner in a single building,
one of which must be the primary residence of such unit owner, shall  be
eligible  to  receive  a partial abatement pursuant to paragraphs (d-1),
(d-2), (d-3) and (d-4) of this section.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10648-01-5

S. 4998                             2

  (b) In a city having a population of one  million  or  more,  dwelling
units  owned  by  tenant-stockholders  who, as of the applicable taxable
status date, own no more than three dwelling units in any  one  property
held  in the cooperative form of ownership, shall be eligible to receive
a  partial  abatement of real property taxes, as set forth in paragraphs
(c), (d), (d-1), (d-2), (d-3), (d-4), (d-5) and (d-6) of  this  subdivi-
sion; provided, however, that a property held in the cooperative form of
ownership  that  is  receiving  complete  or  partial  real property tax
exemption or tax abatement pursuant to any other provision of this chap-
ter or any other state or local law, except as provided in paragraph (f)
of this subdivision, shall not be eligible to receive a  partial  abate-
ment  pursuant  to  this  section;  and provided, further, that sponsors
shall not be eligible to receive a partial abatement  pursuant  to  this
section;  and  provided,  further, that in the fiscal year commencing in
calendar years two thousand [twelve, two thousand thirteen or two  thou-
sand  fourteen]  FIFTEEN,  TWO THOUSAND SIXTEEN, TWO THOUSAND SEVENTEEN,
TWO THOUSAND EIGHTEEN OR TWO THOUSAND NINETEEN, no more than  a  maximum
of  three  dwelling  units  owned  by any tenant-stockholder in a single
building, one of which must be the primary  residence  of  such  tenant-
stockholder,  shall  be eligible to receive a partial abatement pursuant
to paragraphs (d-1),  (d-2),  (d-3)  and  (d-4)  of  this  section.  For
purposes  of  this section, a tenant-stockholder of a cooperative apart-
ment corporation shall be deemed to  own  the  dwelling  unit  which  is
represented  by  his  or  her  shares  of stock in such corporation. Any
abatement so granted shall be credited by the appropriate taxing author-
ity against the tax due on the property as a  whole.  The  reduction  in
real  property  taxes  received thereby shall be credited by the cooper-
ative apartment corporation against the amount of such  taxes  attribut-
able to eligible dwelling units at the time of receipt.
  S  2. Paragraphs (d-1), (d-2), (d-3), (d-4), (d-5) and (d-6) of subdi-
vision 2 of section 467-a of the real property  tax  law,  as  added  by
chapter 4 of the laws of 2013, are amended to read as follows:
  (d-1)  In  the  fiscal  years commencing in calendar year two thousand
[twelve, two thousand thirteen and two thousand fourteen]  FIFTEEN,  TWO
THOUSAND SIXTEEN, TWO THOUSAND SEVENTEEN, TWO THOUSAND EIGHTEEN, AND TWO
THOUSAND  NINETEEN,  eligible  dwelling  units in property whose average
unit assessed value is less than or  equal  to  fifty  thousand  dollars
shall  receive  a partial abatement of the real property taxes attribut-
able to or due on such dwelling units of twenty-five percent, twenty-six
and one-half percent and twenty-eight and one-tenth percent  respective-
ly.
  (d-2)  In  the  fiscal  years commencing in calendar year two thousand
[twelve, two thousand thirteen and two thousand fourteen]  FIFTEEN,  TWO
THOUSAND SIXTEEN, TWO THOUSAND SEVENTEEN, TWO THOUSAND EIGHTEEN, AND TWO
THOUSAND  NINETEEN,  eligible  dwelling  units in property whose average
unit assessed value is more than fifty thousand dollars, but  less  than
or  equal to fifty-five thousand dollars, shall receive a partial abate-
ment of the real property taxes attributable to or due on such  dwelling
units  of twenty-two and one-half percent, twenty-three and eight-tenths
percent and twenty-five and two-tenths percent respectively.
  (d-3) In the fiscal years commencing in  calendar  year  two  thousand
[twelve,  two  thousand thirteen and two thousand fourteen] FIFTEEN, TWO
THOUSAND SIXTEEN, TWO THOUSAND SEVENTEEN, TWO THOUSAND EIGHTEEN, AND TWO
THOUSAND NINETEEN, eligible dwelling units  in  property  whose  average
unit  assessed  value is more than fifty-five thousand dollars, but less
than or equal to sixty thousand dollars, shall receive a partial  abate-

S. 4998                             3

ment  of the real property taxes attributable to or due on such dwelling
units of twenty percent, twenty-one and two-tenths percent, and  twenty-
two and five-tenths percent respectively.
  (d-4)  In  the  fiscal  years commencing in calendar year two thousand
[twelve, two thousand thirteen and two thousand fourteen]  FIFTEEN,  TWO
THOUSAND SIXTEEN, TWO THOUSAND SEVENTEEN, TWO THOUSAND EIGHTEEN, AND TWO
THOUSAND  NINETEEN,  eligible  dwelling  units in property whose average
unit assessed value is more than sixty thousand dollars shall receive  a
partial  abatement  of the real property taxes attributable to or due on
such dwelling units of seventeen and one-half percent.
  (d-5) In the fiscal years commencing in  calendar  year  two  thousand
[twelve  and  two  thousand thirteen] FIFTEEN, TWO THOUSAND SIXTEEN, TWO
THOUSAND SEVENTEEN, TWO THOUSAND EIGHTEEN, AND  TWO  THOUSAND  NINETEEN,
dwelling  units  that  received an abatement pursuant to this section in
the fiscal year commencing in calendar year  two  thousand  eleven,  and
that  are not eligible to receive benefits under paragraph (d-1), (d-2),
(d-3), or (d-4) of this subdivision and that are located in  a  property
that  has  an  average unit assessed value that is less than or equal to
fifteen thousand dollars shall receive a partial abatement of  the  real
property  taxes  attributable to or due on such dwelling units of twelve
and one half percent, and six and twenty-five hundredths percent respec-
tively.  Provided, however, that no such abatement shall be allowed  for
any  fiscal  year  commencing  in  calendar year two thousand [fourteen]
TWENTY or later.
  (d-6) In the fiscal years commencing in  calendar  year  two  thousand
[twelve  and  two  thousand thirteen] FIFTEEN, TWO THOUSAND SIXTEEN, TWO
THOUSAND SEVENTEEN, TWO THOUSAND EIGHTEEN, AND  TWO  THOUSAND  NINETEEN,
dwelling  units  that  received an abatement pursuant to this section in
the fiscal year commencing in calendar year  two  thousand  eleven,  and
that  are not eligible to receive benefits under paragraph (d-1), (d-2),
(d-3), or (d-4) of this subdivision and that are located in  a  property
that  has  an  average  unit assessed value that is greater than fifteen
thousand dollars shall receive a partial abatement of the real  property
taxes  attributable to or due on such dwelling units of eight and seven-
ty-five hundredths percent, and  four  and  three  hundred  seventy-five
thousandths percent respectively. Provided, however, that no such abate-
ment shall be allowed, for any fiscal year in calendar year two thousand
[fourteen] TWENTY or later.
  S 3. Subdivision 3-e of section 467-a of the real property tax law, as
added by chapter 4 of the laws of 2013, is amended to read as follows:
  3-e.  (a)  An  applicant  whose  property did not receive an abatement
pursuant to this section for the fiscal year commencing in calendar year
two thousand eleven shall submit an application for an abatement  pursu-
ant  to  this  section for the fiscal years commencing in calendar years
two thousand [twelve and two thousand thirteen]  FIFTEEN,  TWO  THOUSAND
SIXTEEN, TWO THOUSAND SEVENTEEN, TWO THOUSAND EIGHTEEN, AND TWO THOUSAND
NINETEEN in accordance with paragraph (e) of this subdivision.
  (b)  The abatement for the fiscal year commencing in calendar year two
thousand [twelve] FIFTEEN of a cooperative  apartment  corporation  that
received  an  abatement  pursuant  to  this  section for the fiscal year
commencing in calendar year two  thousand  [eleven]  FOURTEEN  and  that
submitted  an  information  return  on or before February fifteenth, two
thousand [twelve] FIFTEEN, that included an election  by  the  board  of
directors  of  such cooperative apartment corporation that such informa-
tion return be deemed an application for an abatement pursuant  to  this

S. 4998                             4

section  for  such  fiscal  year,  shall  be  based  on  the information
contained in such information return.
  (c)  The abatement for the fiscal year commencing in calendar year two
thousand twelve of a cooperative apartment corporation that received  an
abatement  pursuant  to  this  section for the fiscal year commencing in
calendar year two thousand  [eleven]  FOURTEEN  and  that  submitted  an
information  return  on  or  before  February  fifteenth,  two  thousand
[twelve] FIFTEEN, that did not include  an  election  by  the  board  of
directors  of  such cooperative apartment corporation that such informa-
tion return be deemed an application for an abatement pursuant  to  this
section  for  such  fiscal  year,  shall  be  based  on  the information
contained in the application submitted in two thousand [eleven] FOURTEEN
or on the information contained in such  information  return,  or  both,
provided  that  nothing in this paragraph shall authorize or require the
commissioner of finance to grant an abatement with respect to a property
or a dwelling unit that is not eligible as  of  the  applicable  taxable
status date for the fiscal year commencing in calendar year two thousand
[twelve] FIFTEEN.
  (d)  The board of managers of a condominium that received an abatement
pursuant to this section for the fiscal year commencing in calendar year
two thousand [eleven] FOURTEEN shall submit an application for an abate-
ment pursuant to this section for the fiscal year commencing in calendar
year two thousand [twelve] FIFTEEN no later than  sixty  days  following
the effective date of the chapter of the laws of two thousand [thirteen]
FIFTEEN  that  [added this subdivision] AMENDED THIS PARAGRAPH.  If such
board of managers does not submit such  application  within  sixty  days
following  the  effective  date of [the] SUCH chapter of the laws of two
thousand [thirteen that added this subdivision] FIFTEEN, then the abate-
ment for the fiscal  year  commencing  in  calendar  year  two  thousand
[twelve]  FIFTEEN for such condominium shall be based on the information
contained  in  the  application  submitted  in  two  thousand   [eleven]
FOURTEEN,  provided  that  nothing  in this paragraph shall authorize or
require the commissioner of finance to grant an abatement  with  respect
to a property or a dwelling unit that is not eligible as of the applica-
ble  taxable status date for the fiscal year commencing in calendar year
two thousand [twelve] FIFTEEN.
  (e) Notwithstanding paragraphs (a), (b), (c) and (d) of this  subdivi-
sion  or  any  other  inconsistent provision of law, the commissioner of
finance may require each applicant for an abatement for the fiscal years
commencing in calendar years two thousand [twelve and two thousand thir-
teen] FIFTEEN, TWO THOUSAND SIXTEEN, TWO THOUSAND SEVENTEEN,  TWO  THOU-
SAND  EIGHTEEN  AND  TWO THOUSAND NINETEEN to submit an application by a
date and in a form determined by such commissioner and such commissioner
may deny abatements pursuant to this section for failure to submit  such
application  by  such  date  provided that such date shall be no earlier
than thirty days following the date on which the  commissioner  releases
the application form.
  S 4. This act shall take effect immediately.

co-Sponsors

2015-S4998A (ACTIVE) - Details

Current Committee:: Senate Cities
Law Section:: Real Property Tax Law
Laws Affected:: Amd §467-a, RPT L

2015-S4998A (ACTIVE) - Summary

2015-S4998A (ACTIVE) - Sponsor Memo

                                BILL NUMBER:S4998A

TITLE OF BILL:

An act to amend the real property tax law, in relation to a partial
abatement of real property taxes for condominiums and cooperatives in
a city having a population of one million or more

PURPOSE:

To extend for five years a real property tax abatement program for
cooperative and condominium units in cities of one million or more, to
address the inequitable tax treatment of co op and condo owners.

SUMMARY OF PROVISIONS:

Extends the abatement program for five additional years (for FY
commencing 2015, 2016, 2017, 2018, 2019).  Paragraphs d-1 through d-4
provide the benefit schedule for dwelling units that serve as the
primary residence of their unit owner and up to two additional units
located within the same property that are also owned by such owner.

The benefits are as follows:

o For fiscal years commencing in 2015, 2016, 2017, 2018, 2019,
dwelling units in property whose average unit assessed value is less

than or equal to $50,000 shall receive a partial abatement of 28.1%.

o In fiscal years commencing in 2015, 2016, 2017, 2018, 2019, dwelling
units in property whose average unit assessed value is more than
$50,000, but less than or equal to $55,000, shall receive a partial
abatement 25.2%

o In fiscal years commencing in 2015,2016,2017,2018,2019 dwelling
units in property whose average unit assessed value is more than
$55,000, but less than or equal to $60,000, shall receive a partial
abatement of 22.5%.

o In fiscal years commencing in 2015, 2016, 2017, 2018, 2019, dwelling
units in property whose average unit assessed value is more than
$60,000, shall receive a partial abatement of 17.5%

JUSTIFICATION:

It is well established that the real property tax system in New York
City burdens owners of co-op and condominium units with significantly
larger tax bills than the owners of comparably valued one-, two- and
three-family homes. Recognizing this inequity, New York State
authorized and the City of New York implemented -- a partial property
tax abatement program for co-op and condo owner's since 1996. which
was extended through 2014. While the abatement is no substitute for
the long-overdue reform of tax policy to correct this inequity,
extending the current abatement program will at least continue the
current level of relief for hundreds of thousands of New York City
co-op and condo owners.

LEGISLATIVE HISTORY:


Similar legislation has been adopted since 1996, most recently S.7091
in 2012

FISCAL IMPLICATIONS:

None to the state

EFFECTIVE DATE:

Immediately

2015-S4998A (ACTIVE) - Bill Text download pdf

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

                                 4998--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             April 28, 2015
                               ___________

Introduced  by  Sens. GOLDEN, KRUEGER -- read twice and ordered printed,
  and when printed to be committed to the Committee on Cities -- commit-
  tee discharged, bill amended, ordered reprinted as amended and  recom-
  mitted to said committee

AN  ACT  to  amend  the  real property tax law, in relation to a partial
  abatement of real property taxes for condominiums and cooperatives  in
  a city having a population of one million or more

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

  Section 1. Paragraphs (a) and (b) of subdivision 2 of section 467-a of
the real property tax law, as amended by chapter 4 of the laws of  2013,
are amended to read as follows:
  (a)  In  a  city  having a population of one million or more, dwelling
units owned by unit owners who, as  of  the  applicable  taxable  status
date,  own no more than three dwelling units in any one property held in
the condominium form of  ownership,  shall  be  eligible  to  receive  a
partial  abatement  of  real  property taxes, as set forth in paragraphs
(c), (d), (d-1), (d-2), (d-3), (d-4), (d-5) and (d-6) of  this  subdivi-
sion; provided, however, that a property held in the condominium form of
ownership  that  is  receiving  complete  or  partial  real property tax
exemption or tax abatement pursuant to any other provision of this chap-
ter or any other state or local law, except as provided in paragraph (f)
of this subdivision, shall not be eligible to receive a  partial  abate-
ment  pursuant  to  this  section;  and provided, further, that sponsors
shall not be eligible to receive a partial abatement  pursuant  to  this
section; and provided, further, that in the fiscal [year] YEARS commenc-
ing  in  calendar years two thousand twelve, two thousand thirteen, [or]
two thousand fourteen, TWO THOUSAND FIFTEEN, TWO THOUSAND  SIXTEEN,  TWO
THOUSAND  SEVENTEEN,  TWO THOUSAND EIGHTEEN OR TWO THOUSAND NINETEEN, no
more than a maximum of three dwelling units owned by any unit owner in a
single building, one of which must be the primary residence of such unit

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10648-02-5

S. 4998--A                          2

owner, shall be eligible to receive  a  partial  abatement  pursuant  to
paragraphs (d-1), (d-2), (d-3) and (d-4) of this [section] SUBDIVISION.
  (b)  In  a  city  having a population of one million or more, dwelling
units owned by tenant-stockholders who, as  of  the  applicable  taxable
status  date,  own no more than three dwelling units in any one property
held in the cooperative form of ownership, shall be eligible to  receive
a  partial  abatement of real property taxes, as set forth in paragraphs
(c), (d), (d-1), (d-2), (d-3), (d-4), (d-5) and (d-6) of  this  subdivi-
sion; provided, however, that a property held in the cooperative form of
ownership  that  is  receiving  complete  or  partial  real property tax
exemption or tax abatement pursuant to any other provision of this chap-
ter or any other state or local law, except as provided in paragraph (f)
of this subdivision, shall not be eligible to receive a  partial  abate-
ment  pursuant  to  this  section;  and provided, further, that sponsors
shall not be eligible to receive a partial abatement  pursuant  to  this
section; and provided, further, that in the fiscal [year] YEARS commenc-
ing  in  calendar  years two thousand twelve, two thousand thirteen [or]
two thousand fourteen, TWO THOUSAND FIFTEEN, TWO THOUSAND  SIXTEEN,  TWO
THOUSAND  SEVENTEEN,  TWO THOUSAND EIGHTEEN OR TWO THOUSAND NINETEEN, no
more than a maximum of three dwelling units owned by  any  tenant-stock-
holder  in a single building, one of which must be the primary residence
of such tenant-stockholder, shall  be  eligible  to  receive  a  partial
abatement  pursuant  to paragraphs (d-1), (d-2), (d-3) and (d-4) of this
[section] SUBDIVISION.  For purposes of this  section,  a  tenant-stock-
holder of a cooperative apartment corporation shall be deemed to own the
dwelling unit which is represented by his or her shares of stock in such
corporation. Any abatement so granted shall be credited by the appropri-
ate taxing authority against the tax due on the property as a whole. The
reduction  in  real property taxes received thereby shall be credited by
the cooperative apartment corporation against the amount of  such  taxes
attributable to eligible dwelling units at the time of receipt.
  S  2.  Paragraphs  (d-1),  (d-2),  (d-3) and (d-4) of subdivision 2 of
section 467-a of the real property tax law, as added by chapter 4 of the
laws of 2013, are amended to read as follows:
  (d-1) In the fiscal years commencing  in  calendar  [year]  YEARS  two
thousand twelve, two thousand thirteen and two thousand fourteen, eligi-
ble dwelling units in property whose average unit assessed value is less
than  or  equal to fifty thousand dollars shall receive a partial abate-
ment of the real property taxes attributable to or due on such  dwelling
units  of twenty-five percent, twenty-six and one-half percent and twen-
ty-eight and one-tenth  percent  respectively.    IN  THE  FISCAL  YEARS
COMMENCING IN CALENDAR YEARS TWO THOUSAND FIFTEEN, TWO THOUSAND SIXTEEN,
TWO THOUSAND SEVENTEEN, TWO THOUSAND EIGHTEEN AND TWO THOUSAND NINETEEN,
ELIGIBLE DWELLING UNITS IN PROPERTY WHOSE AVERAGE UNIT ASSESSED VALUE IS
LESS  THAN  OR  EQUAL  TO FIFTY THOUSAND DOLLARS SHALL RECEIVE A PARTIAL
ABATEMENT OF THE REAL PROPERTY TAXES ATTRIBUTABLE  TO  OR  DUE  ON  SUCH
DWELLING UNITS OF TWENTY-EIGHT AND ONE-TENTH PERCENT.
  (d-2)  In  the  fiscal  years  commencing in calendar [year] YEARS two
thousand twelve, two thousand thirteen and two thousand fourteen, eligi-
ble dwelling units in property whose average unit assessed value is more
than fifty thousand dollars, but less than or equal to fifty-five  thou-
sand  dollars,  shall  receive  a partial abatement of the real property
taxes attributable to or due on such dwelling units  of  twenty-two  and
one-half  percent, twenty-three and eight-tenths percent and twenty-five
and two-tenths percent respectively.  IN THE FISCAL YEARS COMMENCING  IN
CALENDAR  YEARS TWO THOUSAND FIFTEEN, TWO THOUSAND SIXTEEN, TWO THOUSAND

S. 4998--A                          3

SEVENTEEN, TWO THOUSAND EIGHTEEN AND  TWO  THOUSAND  NINETEEN,  ELIGIBLE
DWELLING  UNITS  IN  PROPERTY  WHOSE AVERAGE UNIT ASSESSED VALUE IS LESS
THAN OR EQUAL TO FIFTY THOUSAND DOLLARS SHALL RECEIVE A  PARTIAL  ABATE-
MENT  OF THE REAL PROPERTY TAXES ATTRIBUTABLE TO OR DUE ON SUCH DWELLING
UNITS OF TWENTY-FIVE AND TWO-TENTHS PERCENT.
  (d-3) In the fiscal years commencing  in  calendar  [year]  YEARS  two
thousand twelve, two thousand thirteen and two thousand fourteen, eligi-
ble dwelling units in property whose average unit assessed value is more
than  fifty-five thousand dollars, but less than or equal to sixty thou-
sand dollars, shall receive a partial abatement  of  the  real  property
taxes  attributable  to or due on such dwelling units of twenty percent,
twenty-one  and  two-tenths  percent,  and  twenty-two  and  five-tenths
percent  respectively.  IN THE FISCAL YEARS COMMENCING IN CALENDAR YEARS
TWO THOUSAND FIFTEEN, TWO THOUSAND SIXTEEN, TWO THOUSAND SEVENTEEN,  TWO
THOUSAND  EIGHTEEN AND TWO THOUSAND NINETEEN, ELIGIBLE DWELLING UNITS IN
PROPERTY WHOSE AVERAGE UNIT ASSESSED VALUE IS  LESS  THAN  OR  EQUAL  TO
FIFTY  THOUSAND  DOLLARS  SHALL  RECEIVE A PARTIAL ABATEMENT OF THE REAL
PROPERTY TAXES ATTRIBUTABLE TO OR DUE ON SUCH DWELLING UNITS OF  TWENTY-
TWO AND FIVE-TENTHS PERCENT.
  (d-4)  In  the  fiscal  years  commencing in calendar [year] YEARS two
thousand twelve, two thousand thirteen and two  thousand  fourteen,  TWO
THOUSAND  FIFTEEN,  TWO  THOUSAND  SIXTEEN,  TWO THOUSAND SEVENTEEN, TWO
THOUSAND EIGHTEEN, AND TWO THOUSAND NINETEEN, eligible dwelling units in
property whose average unit assessed value is more than  sixty  thousand
dollars  shall  receive  a  partial abatement of the real property taxes
attributable to or due on such dwelling units of seventeen and  one-half
percent.
  S 3.  Paragraphs (a), (b) and (c) of subdivision 3 of section 467-a of
the  real property tax law, as amended by chapter 4 of the laws of 2013,
are amended to read as follows:
  (a) An application for an abatement pursuant to this section  for  the
fiscal  year  commencing  in  calendar  year nineteen hundred ninety-six
shall be made no later than the fifteenth  day  of  September,  nineteen
hundred  ninety-six.  An  application  for an abatement pursuant to this
section for the fiscal year commencing in calendar year nineteen hundred
ninety-seven shall be made no later than the first day of  April,  nine-
teen  hundred  ninety-seven. An application for an abatement pursuant to
this section for the fiscal year commencing in  calendar  year  nineteen
hundred ninety-eight shall be made no later than the first day of April,
nineteen  hundred ninety-eight. An application for an abatement pursuant
to this section for the fiscal year commencing in calendar year nineteen
hundred ninety-nine shall be made in accordance  with  this  subdivision
and subdivision three-a of this section. An application for an abatement
pursuant to this section for the fiscal year commencing in calendar year
two  thousand shall be made no later than the fifteenth day of February,
two thousand. An application for an abatement pursuant to  this  section
for  the  fiscal year commencing in calendar year two thousand one shall
be made in accordance with this subdivision and subdivision  three-b  of
this  section.  An application for an abatement pursuant to this section
for the fiscal year commencing in calendar year two thousand  two  shall
be  made  no later than the fifteenth day of February, two thousand two.
An application for an abatement pursuant to this section for the  fiscal
year  commencing  in  calendar  year two thousand three shall be made no
later than the fifteenth day of February, two thousand three. An  appli-
cation  for  an  abatement  pursuant to this section for the fiscal year
commencing in calendar year two thousand four shall be made  in  accord-

S. 4998--A                          4

ance  with  this subdivision and subdivision three-c of this section. An
application for an abatement pursuant to this  section  for  the  fiscal
year  commencing  in  calendar  year  two thousand five shall be made no
later than the fifteenth day of February, two thousand five. An applica-
tion  for  an  abatement  pursuant  to  this section for the fiscal year
commencing in calendar year two thousand six shall be made no later than
the fifteenth day of February, two thousand six. An application  for  an
abatement  pursuant  to  this  section for the fiscal year commencing in
calendar year two thousand  seven  shall  be  made  no  later  than  the
fifteenth day of February, two thousand seven. An application for abate-
ment pursuant to this section for the fiscal year commencing in calendar
year  two  thousand eight shall be made in accordance with this subdivi-
sion and subdivision three-d of this  section.  An  application  for  an
abatement  pursuant  to  this  section for the fiscal year commencing in
calendar year two  thousand  nine  shall  be  made  no  later  than  the
fifteenth  day  of  February,  two  thousand nine. An application for an
abatement pursuant to this section for the  fiscal  year  commencing  in
calendar year two thousand ten shall be made no later than the fifteenth
day  of  February,  two  thousand  ten.  An application for an abatement
pursuant to this section for the fiscal year commencing in calendar year
two thousand eleven shall be made no later than  the  fifteenth  day  of
February,  two thousand eleven. An application for an abatement pursuant
to this section for the fiscal years commencing in  calendar  years  two
thousand  twelve  and  two thousand thirteen shall be made in accordance
with subdivision three-e of this section. The date  or  dates  by  which
applications for an abatement pursuant to this section shall be made for
the  fiscal  year beginning in calendar year two thousand fourteen shall
be established by the commissioner of finance  by  rule,  provided  that
such date or dates shall not be later than the fifteenth day of February
for  such  calendar year. APPLICATIONS FOR AN ABATEMENT PURSUANT TO THIS
SECTION FOR THE FISCAL YEARS COMMENCING IN CALENDAR YEARS  TWO  THOUSAND
FIFTEEN,  TWO  THOUSAND SIXTEEN AND TWO THOUSAND SEVENTEEN SHALL BE MADE
NO LATER THAN THE FIFTEENTH DAY OF MARCH FOR  EACH  RESPECTIVE  CALENDAR
YEAR.
  (b) (I) An application for an abatement pursuant to this section shall
be  submitted to the commissioner of finance by the board of managers of
a condominium or the board  of  directors  of  a  cooperative  apartment
corporation,  provided  that  the  commissioner  of  finance may by rule
require the owner of a dwelling unit to submit an application to supple-
ment information contained in the application submitted by the board  of
managers  of  a  condominium  or the board of directors of a cooperative
apartment corporation and may by rule apply and adjust, as  appropriate,
any  provisions of this section that relate to applications submitted by
such boards to applications submitted by such owners.
  (II) NOTWITHSTANDING SUBPARAGRAPH (I) OF THIS PARAGRAPH OR  ANY  OTHER
PROVISION  OF  LAW  TO  THE CONTRARY, THE COMMISSIONER OF FINANCE MAY BY
RULE REQUIRE THAT APPLICATIONS BE  SUBMITTED  BY  DWELLING  UNIT  OWNERS
INSTEAD  OF, OR IN ADDITION TO, THOSE SUBMITTED BY THE BOARD OF MANAGERS
OF A CONDOMINIUM OR THE BOARD OF DIRECTORS OF  A  COOPERATIVE  APARTMENT
CORPORATION  FOR  APPLICATIONS  FOR  FISCAL YEARS COMMENCING IN CALENDAR
YEAR TWO THOUSAND FIFTEEN OR LATER.
  (c) (I) No abatement pursuant to this section shall be granted  unless
the  applicant  files  an  application  for an abatement within the time
periods prescribed in paragraph (a) of this subdivision  or  subdivision
three-a, three-b, three-c, three-d or three-e of this section, provided,

S. 4998--A                          5

however,  that  the  commissioner  of finance may, for good cause shown,
extend the time for filing an application.
  (II)  NOTWITHSTANDING  SUBPARAGRAPH (I) OF THIS PARAGRAPH OR ANY OTHER
PROVISION OF LAW TO  THE  CONTRARY,  THE  COMMISSIONER  OF  FINANCE  MAY
PROVIDE  BY  RULE  THAT  APPLICATIONS ARE NOT REQUIRED TO BE FILED ON AN
ANNUAL BASIS.
  S 4. This act shall take effect immediately.

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Senate Bill S4998A

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Sponsored By

Martin J. Golden

Archive: Last Bill Status - In Senate Committee Cities Committee

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Liz Krueger

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Jesse Hamilton

Liz Krueger

Daniel L. Squadron

Toby Ann Stavisky

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