assembly Bill A6054A

2015-2016 Legislative Session

In relation to approval of major capital improvement rent increases and extending the length of time over which major capital improvement expenses may be recovered

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Archive: Last Bill Status - Passed Assembly


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (9)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 17, 2016 referred to rules
delivered to senate
passed assembly
May 19, 2016 advanced to third reading cal.668
May 17, 2016 reported
May 06, 2016 print number 6054a
May 06, 2016 amend and recommit to housing
Jan 06, 2016 referred to housing
Mar 11, 2015 referred to housing

Co-Sponsors

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Multi-Sponsors

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A6054 (ACTIVE) - Details

See Senate Version of this Bill:
S4423
Current Committee:
Senate Rules
Law Section:
New York City Administrative Code
Laws Affected:
Amd §§26-405 & 26-511, NYC Ad Cd; amd §6, Emerg Ten Prot Act of 1974; amd §4, Emerg Hous Rent Cont L
Versions Introduced in 2017-2018 Legislative Session:
A1980, S4312

A6054 (ACTIVE) - Summary

Relates to approval of major capital improvement rent increases and extending the length of time over which major capital improvement expenses may be recovered.

A6054 (ACTIVE) - Bill Text download pdf

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

                                  6054

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 11, 2015
                               ___________

Introduced  by  M.  of  A.  KAVANAGH,  O'DONNELL,  GLICK, PERRY, WEPRIN,
  WRIGHT, ORTIZ, TITUS, MOSLEY, GOTTFRIED, MAYER, SILVER, FARRELL, AUBRY
  -- Multi-Sponsored by -- M. of A. BRENNAN, BROOK-KRASNY, CLARK,  COOK,
  CYMBROWITZ,  DINOWITZ, HOOPER, LENTOL -- read once and referred to the
  Committee on Housing

AN ACT to amend the administrative code of the city  of  New  York,  the
  emergency tenant protection act of nineteen seventy-four and the emer-
  gency  housing rent control law in relation to approval of major capi-
  tal improvement rent increases and in relation to extending the length
  of time over which major capital improvement expenses may be recovered

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

  Section 1. Subparagraph (g) of paragraph 1 of subdivision g of section
26-405 of the administrative code of the city of New York, as amended by
chapter 749 of the laws of 1990, is amended to read as follows:
  (g) (I) COLLECTION OF SURCHARGES TO THE MAXIMUM RENT AUTHORIZED PURSU-
ANT  TO  ITEM  (II)  OF THIS SUBPARAGRAPH SHALL CEASE WHEN THE OWNER HAS
RECOVERED THE COST OF THE MAJOR CAPITAL IMPROVEMENT;
  (II) There has been since July  first,  nineteen  hundred  seventy,  a
major  capital  improvement [required for the operation, preservation or
maintenance of the structure. An adjustment under this subparagraph  (g)
shall  be  in  an amount sufficient to amortize the cost of the improve-
ments pursuant to this  subparagraph  (g)  over  a  seven-year  period];
PROVIDED  THAT  THE  COMMISSIONER FIRST FINDS THAT SUCH IMPROVEMENTS ARE
DEEMED DEPRECIABLE UNDER THE INTERNAL REVENUE CODE AND SUCH IMPROVEMENTS
ARE REQUIRED FOR THE OPERATION OR PRESERVATION OF THE STRUCTURE.  HOWEV-
ER,  NO  MAJOR CAPITAL IMPROVEMENT RENT INCREASE WILL BE APPROVED BY THE
DIVISION OF HOUSING AND COMMUNITY RENEWAL UNLESS THE WORK  PERFORMED  IS
AN ENHANCEMENT OR UPGRADE TO A HOUSING ACCOMMODATION OR SERVICE THEREIN;
OR  IS  AN ADDITION TO SUCH HOUSING ACCOMMODATION AND OTHERWISE ELIGIBLE
ACCORDING TO  THE  PREREQUISITES  FOR  MAJOR  CAPITAL  IMPROVEMENT  RENT

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09355-01-5

Co-Sponsors

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Multi-Sponsors

view additional multi-sponsors

A6054A (ACTIVE) - Details

See Senate Version of this Bill:
S4423
Current Committee:
Senate Rules
Law Section:
New York City Administrative Code
Laws Affected:
Amd §§26-405 & 26-511, NYC Ad Cd; amd §6, Emerg Ten Prot Act of 1974; amd §4, Emerg Hous Rent Cont L
Versions Introduced in 2017-2018 Legislative Session:
A1980, S4312

A6054A (ACTIVE) - Summary

Relates to approval of major capital improvement rent increases and extending the length of time over which major capital improvement expenses may be recovered.

A6054A (ACTIVE) - Bill Text download pdf

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

                                 6054--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 11, 2015
                               ___________

Introduced  by  M.  of  A.  KAVANAGH,  O'DONNELL,  GLICK, PERRY, WEPRIN,
  WRIGHT,  ORTIZ,  TITUS,  MOSLEY,  GOTTFRIED,  MAYER,  FARRELL,  AUBRY,
  LINARES  --  Multi-Sponsored by -- M. of A. BRENNAN, COOK, CYMBROWITZ,
  DINOWITZ, HOOPER, LENTOL -- read once and referred to the Committee on
  Housing -- recommitted to the Committee on Housing in accordance  with
  Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered
  reprinted as amended and recommitted to said committee

AN  ACT  to  amend  the administrative code of the city of New York, the
  emergency tenant protection act of nineteen seventy-four and the emer-
  gency housing rent control law in relation to approval of major  capi-
  tal improvement rent increases and in relation to extending the length
  of time over which major capital improvement expenses may be recovered

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

  Section 1. Subparagraph (g) of paragraph 1 of subdivision g of section
26-405 of the administrative code of the city of New York, as amended by
section 31 of part A of chapter 20 of the laws of 2015,  is  amended  to
read as follows:
  (g) (I) COLLECTION OF SURCHARGES TO THE MAXIMUM RENT AUTHORIZED PURSU-
ANT  TO  ITEM  (II)  OF THIS SUBPARAGRAPH SHALL CEASE WHEN THE OWNER HAS
RECOVERED THE COST OF THE MAJOR CAPITAL IMPROVEMENT;
  (II) There has been since July  first,  nineteen  hundred  seventy,  a
major  capital  improvement [required for the operation, preservation or
maintenance of the structure. An adjustment under this subparagraph  (g)
for any order of the commissioner issued after the effective date of the
rent  act  of 2015 shall be in an amount sufficient to amortize the cost
of the improvements pursuant to this subparagraph (g) over an eight-year
period for buildings with thirty-five or fewer  units  or  a  nine  year
period  for  buildings  with more than thiry-five units,]; PROVIDED THAT
THE COMMISSIONER FIRST FINDS THAT SUCH IMPROVEMENTS ARE DEEMED DEPRECIA-
BLE UNDER THE INTERNAL REVENUE CODE AND SUCH IMPROVEMENTS  ARE  REQUIRED

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09355-03-6

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