Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to housing, construction and community development |
May 20, 2015 |
referred to housing, construction and community development |
Senate Bill S5629
2015-2016 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development 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
Actions
2015-S5629 (ACTIVE) - Details
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Real Property Taxation
- Laws Affected:
- Rpld §14, §27 sub (c), Chap 4 of 2013
- Versions Introduced in 2017-2018 Legislative Session:
-
S4989
2015-S5629 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5629 TITLE OF BILL: An act to repeal section 14 and subdivision (c) of section 27 of chapter 4 of the laws of 2013 amending the real property tax law, relating to exemption from taxation of alterations and improvements to multiple dwellings to eliminate fire and health hazards, relating thereto PURPOSE: This bill repeals the 421a tax break that was provided to luxury developers in Chapter 4 of 2013. SUMMARY OF PROVISIONS: Section 1. Repeals Section 14 and subdivision (c) of Section 27 of chapter 4 of the laws of 2013. These sections provide the 421a tax break to luxury developers and the effective date of such section. Section 2. Effective Date EXISTING LAW: Section 14, Chapter 4 of 2013, subdivision (c) of section 11-245 of the administrative code of the city of New York Section 27 of Chapter 4 of the laws of 2013 provides for the effective date of section 14. JUSTIFICATION: This bill repeals the 421a tax break that was extended
2015-S5629 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5629 2015-2016 Regular Sessions I N S E N A T E May 20, 2015 ___________ Introduced by Sen. DIAZ -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to repeal section 14 and subdivision (c) of section 27 of chapter 4 of the laws of 2013 amending the real property tax law, relating to exemption from taxation of alterations and improvements to multiple dwellings to eliminate fire and health hazards, relating thereto THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 14 and subdivision (c) of section 27 of chapter 4 of the laws of 2013, amending the real property tax law, relating to exemption from taxation of alterations and improvements to multiple dwellings to eliminate fire and health hazards, are REPEALED. S 2. This act shall take effect immediately and shall be deemed to have been in full force and effect on and after June 1, 2012. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11085-03-5
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