S T A T E   O F   N E W   Y O R K
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                                  8231

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              June 12, 2015
                               ___________

Introduced  by  M.  of A. WRIGHT, GLICK -- read once and referred to the
  Committee on Ways and Means

AN ACT to amend the real property tax  law,  in  relation  to  extending
  provisions  of  law  relating  to  tax abatements for certain multiple
  dwellings (Part A); to amend the real property tax law, in relation to
  extending certain abatements (Part B);  to  amend  the  administrative
  code  of the city of New York, in relation to extending the credit for
  general corporation tax paid (Part C); to amend the multiple  dwelling
  law,  in  relation  to  application  for  coverage of interim multiple
  dwellings and residential units; and  to  repeal  subdivision  (h)  of
  section 27 of chapter 4 of the laws of 2013 amending the real property
  tax  law,  relating  to  exemption  from  taxation  to alterations and
  improvements to  multiple  dwellings  to  eliminate  fire  and  health
  hazards relating thereto (Part D); to amend chapter 555 of the laws of
  1982  amending the general business law and the administrative code of
  the city of New York relating to conversion of residential property to
  cooperative or condominium ownership in  the  city  of  New  York,  in
  relation  to extending the effectiveness thereof; to amend chapter 402
  of the laws of 1983 amending the  general  business  law  relating  to
  conversion  of rental residential property to cooperative or condomin-
  ium ownership in certain municipalities in  the  counties  of  Nassau,
  Westchester  and  Rockland, in relation to extending the effectiveness
  thereof (Part E); and to amend the tax law, in relation to the  tempo-
  rary  exemption from sales and use taxes for premises used for commer-
  cial office space in Lower Manhattan; and to amend part C of chapter 2
  of the laws of 2005 amending the tax law relating to  exemptions  from
  sales and use taxes, in relation to the effectiveness thereof (Subpart
  A);  to  amend the general city law and the administrative code of the
  city of New York, in relation to extending the relocation and  employ-
  ment assistance program and the Lower Manhattan relocation and employ-
  ment assistance program (Subpart B); to amend the general city law and
  the  administrative  code  of  the  city  of  New York, in relation to
  extending the special rebates and discounts provided pursuant  to  the
  energy  cost  savings  program  and the Lower Manhattan energy program

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

                                                           LBD11640-03-5

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  (Subpart C); and to amend the administrative code of the city  of  New
  York,  in relation to the amount of special reduction allowed (Subpart
  D) (Part F)

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

  Section 1. This act enacts into law major  components  of  legislation
relating  to  real  property  tax abatements.   Each component is wholly
contained within a Part identified as Parts A through F.  The  effective
date  for  each  particular  provision contained within such Part is set
forth in the last section of such Part. Any  provision  in  any  section
contained within a Part, including the effective date of the Part, which
makes  a  reference  to a section "of this act", when used in connection
with that particular component, shall be deemed to mean and refer to the
corresponding section of the Part in which it is found. Section three of
this act sets forth the general effective date of this act.

                                 PART A

  Section 1. The opening paragraph of paragraph (a) of subdivision 1  of
section 489 of the real property tax law, as amended by chapter 4 of the
laws of 2013, is amended to read as follows:
  Any  city  to  which  the  multiple dwelling law is applicable, acting
through its local legislative body or other governing agency, is  hereby
authorized  and  empowered, to and including January first, two thousand
[fifteen] SEVENTEEN, to adopt and amend local laws or ordinances provid-
ing that any increase in assessed valuation of real  property  shall  be
exempt  from  taxation  for  local  purposes, as provided herein, to the
extent such increase results from:
  S 2. The closing paragraph of  subparagraph  6  of  paragraph  (a)  of
subdivision 1 of section 489 of the real property tax law, as amended by
chapter 4 of the laws of 2013, is amended to read as follows:
  Such conversion, alterations or improvements shall be completed within
thirty  months after the date on which same shall be started except that
such thirty month limitation shall not apply to conversions of  residen-
tial  units  which are registered with the loft board in accordance with
article seven-C of the multiple dwelling law  pursuant  to  subparagraph
one  of  this  paragraph.  Notwithstanding  the foregoing, a sixty month
period for completion shall be available for alterations or improvements
undertaken by a housing development fund company organized  pursuant  to
article eleven of the private housing finance law, which are carried out
with  the  substantial assistance of grants, loans or subsidies from any
federal, state or local governmental agency or instrumentality or  which
are  carried out in a property transferred from such city if alterations
and improvements are completed within seven  years  after  the  date  of
transfer.  In  addition, the local housing agency is hereby empowered to
grant an extension of the period of completion for any  project  carried
out  with  the substantial assistance of grants, loans or subsidies from
any federal, state or local governmental agency or  instrumentality,  if
such  alterations or improvements are completed within sixty months from
commencement of construction. Provided, further, that  such  conversion,
alterations  or  improvements  shall  in any event be completed prior to
June thirtieth, two thousand [fifteen] SEVENTEEN. Exemption for  conver-
sions,  alterations  or  improvements pursuant to subparagraph one, two,

A. 8231                             3

three or four of this paragraph shall  continue  for  a  period  not  to
exceed  fourteen  years and begin no sooner than the first quarterly tax
bill immediately following the completion  of  such  conversion,  alter-
ations or improvements. Exemption for alterations or improvements pursu-
ant  to  this  subparagraph or subparagraph five of this paragraph shall
continue for a period not to exceed thirty-four years and shall begin no
sooner than the first  quarterly  tax  bill  immediately  following  the
completion  of such alterations or improvements. Such exemption shall be
equal to the increase in the valuation which is subject to exemption  in
full  or  proportionally under this subdivision for ten or thirty years,
whichever is applicable. After such period of time, the amount  of  such
exempted  assessed  valuation  of  such improvements shall be reduced by
twenty percent in each succeeding year until the assessed value  of  the
improvements  are  fully taxable.   Provided, however, exemption for any
conversion, alterations or improvements which are aided  by  a  loan  or
grant  under  article eight, eight-A, eleven, twelve, fifteen or twenty-
two of the private housing finance law, section six hundred ninety-six-a
or section ninety-nine-h of the general municipal law, or section  three
hundred  twelve  of  the  housing act of nineteen hundred sixty-four (42
U.S.C.A. 1452b), or the Cranston-Gonzalez  national  affordable  housing
act (42 U.S.C.A. 12701 et.  seq.), or started after July first, nineteen
hundred  eighty-three  by  a  housing development fund company organized
pursuant to article eleven of the private housing finance law which  are
carried  out  with the substantial assistance of grants, loans or subsi-
dies from any federal, state or local governmental agency or  instrumen-
tality  or which are carried out in a property transferred from any city
and where alterations and improvements are completed within seven  years
after  the  date  of  transfer  may commence at the beginning of any tax
quarter subsequent to the  start  of  such  conversion,  alterations  or
improvements and prior to the completion of such conversion, alterations
or improvements.
  S  3.  This act shall take effect immediately; provided, however, that
if this act shall become law after June  30,  2015,  then  it  shall  be
deemed to have been in full force and effect on and after June 30, 2015.

                                 PART B

  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, OR TWO THOUSAND SIXTEEN no

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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] 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, OR TWO THOUSAND SIXTEEN  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  AND  TWO  THOUSAND
SIXTEEN, 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 AND TWO THOUSAND SIXTEEN, ELIGIBLE

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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-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 AND TWO THOUSAND SIXTEEN, 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 ABATEMENT OF THE REAL PROPERTY TAXES ATTRIBUT-
ABLE 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 AND TWO THOUSAND SIXTEEN, 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. Paragraph (a) of subdivision 3 of section 467-a of the real prop-
erty tax law, as amended by chapter 4 of the laws of 2013, is 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-
ance  with  this subdivision and subdivision three-c of this section. An

A. 8231                             6

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] YEARS beginning in calendar [year] YEARS two thousand
fourteen, TWO THOUSAND FIFTEEN AND TWO THOUSAND SIXTEEN shall be  estab-
lished  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] YEARS.
  S 4. This act shall take effect immediately.

                                 PART C

  Section  1.  Subparagraph  (A)  of  paragraph  2 of subdivision (f) of
section 11-1706 of the administrative code of the city of New  York,  as
added by chapter 4 of the laws of 2013, is amended to read as follows:
  (A)  Subject to the limitations set forth in subparagraphs (B) and (C)
of this paragraph, the credit allowed to a taxpayer for a  taxable  year
under this subdivision shall be determined as follows:
  (i)  For  taxable years beginning on or after January first, two thou-
sand fourteen and before July first, two thousand [fifteen] SEVENTEEN:
  (I) If the city taxable income  is  thirty-five  thousand  dollars  or
less,  the  amount  of  the  credit  shall be one hundred percent of the
amount determined in paragraph three of this subdivision.
  (II) If the city taxable income is greater than  thirty-five  thousand
dollars  but  less  than one hundred thousand dollars, the amount of the
credit shall be a percentage of the amount determined in paragraph three
of this subdivision, such percentage to  be  determined  by  subtracting
from  one  hundred percent, a percentage determined by subtracting thir-
ty-five thousand dollars from city taxable income, dividing  the  result
by sixty-five thousand dollars and multiplying by one hundred percent.
  (III)  If  the  city taxable income is one hundred thousand dollars or
greater, no credit shall be allowed.
  (IV) Provided further that for any taxable  year  of  a  taxpayer  for
which  this  credit  is  effective that encompasses days occurring after

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June thirtieth, two thousand [fifteen]  SEVENTEEN,  the  amount  of  the
credit determined in item (I) or (II) of this clause shall be multiplied
by  a  fraction,  the  numerator  of  which is the number of days in the
taxpayer's taxable year occurring on or before June thirtieth, two thou-
sand  [fifteen] SEVENTEEN, and the denominator of which is the number of
days in the taxpayer's taxable year.
  S 2. This act shall take effect immediately.

                                 PART D

  Section 1. Section 282-a of the multiple dwelling law, as  amended  by
chapter 159 of the laws of 2011, is amended to read as follows:
  S  282-a.  [Limitation  on  applications] APPLICATIONS for coverage of
interim multiple dwellings and residential units.  1.  All  applications
for  registration  as  an  interim  multiple dwelling or for coverage of
residential units under this article shall be filed with the loft  board
within  six  months after the date the loft board shall have adopted all
rules or regulations necessary in order to implement the  provisions  of
chapter  one  hundred  forty-seven  of  the  laws  of  two thousand ten,
PROVIDED, HOWEVER, THAT APPLICATIONS  FOR  REGISTRATION  AS  AN  INTERIM
MULTIPLE  DWELLING OR FOR COVERAGE OF RESIDENTIAL UNITS UNDER THIS ARTI-
CLE MAY ALSO BE FILED BETWEEN SEPTEMBER FIRST, TWO THOUSAND FIFTEEN, AND
AUGUST THIRTIETH, TWO THOUSAND SEVENTEEN.   The loft  board  may  subse-
quently  amend  such rules and regulations but such amendments shall not
recommence  the  time  period  in  which  applications  may  be   filed.
[Notwithstanding any other provision of this article, after such date no
further applications for registration or coverage as an interim multiple
dwelling or for coverage under this article shall be accepted for owners
or occupants of buildings that would otherwise qualify as interim multi-
ple dwellings or for coverage pursuant to this article.]
  2.  Where  any occupant has filed an application for coverage pursuant
to this article and has received a docket number from the loft board, it
shall be unlawful for an owner to cause or intend to cause such occupant
to vacate, surrender or waive any rights in relation to such  occupancy,
due  to repeated interruptions or discontinuances of essential services,
or an interruption or discontinuance of  an  essential  service  for  an
extended  duration  or  of  such significance as to substantially impair
habitability of such unit, at any time before the loft board has made  a
final determination, including appeals, to approve or deny such applica-
tion. This [subdivision] SECTION shall not grant any rights of continued
occupancy  other than those otherwise granted by law. Any agreement that
waives or limits the benefits of this  [subdivision]  SECTION  shall  be
deemed  void as against public policy. In addition to any other remedies
provided in this article for failure to be  in  compliance,  in  article
eight  of  this  chapter,  or in the regulations promulgated by the loft
board, an occupant who has filed an application with the loft board  for
coverage  under this article may[, no later than thirty-six months after
the loft board shall have adopted rules and regulations as set forth  in
subdivision  one of this section,] commence an action or proceeding in a
court  of  competent  jurisdiction,  which  notwithstanding  any   other
provision  of  law  shall  include the housing part of the New York city
civil court, to enforce the provisions of this [subdivision] SECTION.
  S 2. Paragraph (vi) of subdivision 1 of section 284  of  the  multiple
dwelling law, as amended by chapter 4 of the laws of 2013, is amended to
read as follows:

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  (vi)  Notwithstanding  the provisions of paragraphs (i) through (v) of
this subdivision the owner of an interim multiple dwelling made  subject
to this article by subdivision five of section two hundred eighty-one of
this  article  (A)  shall  file  an  alteration application [within nine
months  from  the effective date of the chapter of the laws of two thou-
sand  ten  which  amended  this  subparagraph]  ON   OR   BEFORE   MARCH
TWENTY-FIRST,  TWO THOUSAND ELEVEN, or, for units that became subject to
this article pursuant to the chapter of the laws of two  thousand  thir-
teen  which amended this paragraph, [within nine months of the promulga-
tion of all necessary rules and  regulations  pursuant  to  section  two
hundred  eighty-two-a  of  this article] ON OR BEFORE JUNE ELEVENTH, TWO
THOUSAND FOURTEEN, OR, FOR UNITS IN AN INTERIM  MULTIPLE  DWELLING  THAT
WERE  LISTED  ON  AN APPLICATION FOR COVERAGE OR REGISTRATION FILED WITH
THE LOFT BOARD PURSUANT TO THIS ARTICLE OR IN  A  COURT  PLEADING  AFTER
MARCH  ELEVENTH, TWO THOUSAND FOURTEEN, WITHIN NINE MONTHS OF EITHER THE
DATE OF THE INITIAL APPLICATION FOR COVERAGE OR THE  DATE  OF  THE  LOFT
BOARD'S  ISSUANCE  OF AN INTERIM MULTIPLE DWELLING NUMBER OR THE DATE OF
THE SERVICE OF THE PLEADING, WHICHEVER IS EARLIER, and  (B)  shall  take
all  reasonable  and  necessary  action to obtain an approved alteration
permit [within twelve months from such effective date] ON OR BEFORE JUNE
TWENTY-FIRST, TWO THOUSAND ELEVEN, or, for units that became subject  to
this  article  pursuant to the chapter of the laws of two thousand thir-
teen which amended this paragraph, [within twelve months of the  promul-
gation  of  all  necessary rules and regulations pursuant to section two
hundred eighty-two-a of this article] ON OR BEFORE  SEPTEMBER  ELEVENTH,
TWO  THOUSAND  FOURTEEN,  OR,  FOR UNITS IN AN INTERIM MULTIPLE DWELLING
THAT WERE LISTED ON AN APPLICATION FOR COVERAGE  OR  REGISTRATION  FILED
WITH  THE  LOFT  BOARD  PURSUANT  TO THIS ARTICLE OR IN A COURT PLEADING
AFTER MARCH ELEVENTH, TWO THOUSAND FOURTEEN,  WITHIN  TWELVE  MONTHS  OF
EITHER  THE  DATE OF THE INITIAL APPLICATION FOR COVERAGE OR THE DATE OF
THE LOFT BOARD'S ISSUANCE OF AN INTERIM MULTIPLE DWELLING NUMBER OR  THE
DATE OF THE SERVICE OF THE PLEADING, WHICHEVER IS EARLIER, and (C) shall
achieve  compliance with the standards of safety and fire protection set
forth in article seven-B of this chapter for the residential portions of
the building within  eighteen  months  from  obtaining  such  alteration
permit, and (D) shall take all reasonable and necessary action to obtain
a  certificate of occupancy as a class A multiple dwelling for the resi-
dential portions of the building or structure [within thirty months from
such effective date] ON OR BEFORE DECEMBER  TWENTY-FIRST,  TWO  THOUSAND
TWELVE, or for units that became subject to this article pursuant to the
chapter  of  the  laws of two thousand thirteen which amended this para-
graph [within thirty months of the promulgation of all  necessary  rules
and  regulations  pursuant  to  section two hundred eighty-two-a of this
article] ON OR BEFORE MARCH ELEVENTH,  TWO  THOUSAND  SIXTEEN,  OR,  FOR
UNITS IN AN INTERIM MULTIPLE DWELLING THAT WERE LISTED ON AN APPLICATION
FOR  COVERAGE OR REGISTRATION FILED WITH THE LOFT BOARD PURSUANT TO THIS
ARTICLE OR IN A  COURT  PLEADING  AFTER  MARCH  ELEVENTH,  TWO  THOUSAND
SIXTEEN, WITHIN THIRTY MONTHS OF EITHER THE DATE OF THE INITIAL APPLICA-
TION FOR COVERAGE OR THE DATE OF THE LOFT BOARD'S ISSUANCE OF AN INTERIM
MULTIPLE  DWELLING  NUMBER  OR  THE DATE OF THE SERVICE OF THE PLEADING,
WHICHEVER IS EARLIER. The loft board may, upon  good  cause  shown,  and
upon  proof  of  compliance  with  the  standards  of  safety  and  fire
protection set forth in article seven-B of this  chapter,  twice  extend
the  time  of  compliance  with  the requirement to obtain a residential
certificate of occupancy for periods not to exceed twelve months each.

A. 8231                             9

  S 3. Subdivision (h) of section 27 of chapter 4 of the  laws  of  2013
amending  the  real property tax law relating to exemption from taxation
to alterations and improvements to multiple dwellings to eliminate  fire
and health hazards, is REPEALED.
  S  4.  This act shall take effect immediately, provided, however, that
if this act shall become law after June  29,  2015,  then  it  shall  be
deemed to have been in full force and effect on and after June 30, 2015.

                                 PART E

  Section  1. Section 10 of chapter 555 of the laws of 1982 amending the
general business law and the administrative code of the city of New York
relating to conversion of residential property to cooperative or  condo-
minium  ownership  in  the  city of New York, as amended by section 4 of
part B of chapter 97 of the laws of 2011, is amended to read as follows:
  S 10. This act shall  take  effect  immediately;  provided,  that  the
provisions  of  sections  one,  two and nine of this act shall remain in
full force and effect only until and including  June  15,  [2015]  2017;
provided  further that the provisions of section three of this act shall
remain in full force and effect only so long  as  the  public  emergency
requiring  the regulation and control of residential rents and evictions
continues as provided in subdivision 3 of section 1 of the  local  emer-
gency  housing rent control act; provided further that the provisions of
sections four, five, six and seven of this act shall expire  in  accord-
ance with the provisions of section 26-520 of the administrative code of
the city of New York as such section of the administrative code is, from
time  to  time, amended; provided further that the provisions of section
26-511 of the administrative code of the city of New York, as amended by
this act, which the New York City Department of Housing Preservation and
Development must find are contained in  the  code  of  the  real  estate
industry  stabilization association of such city in order to approve it,
shall be deemed contained therein as of the effective date of this  act;
and provided further that any plan accepted for filing by the department
of  law on or before the effective date of this act shall continue to be
governed by the provisions of section 352-eeee of the  general  business
law  as they had existed immediately prior to the effective date of this
act.
  S 2. Section 4 of chapter 402 of the laws of 1983 amending the general
business law relating to conversion of rental  residential  property  to
cooperative  or  condominium  ownership in certain municipalities in the
counties of Nassau, Westchester and Rockland, as amended by section 5 of
part B of chapter 97 of the laws of 2011, is amended to read as follows:
  S 4. This act  shall  take  effect  immediately;  provided,  that  the
provisions  of  sections  one and three of this act shall remain in full
force and effect only until and including  June  15,  [2015]  2017;  and
provided  further that any plan accepted for filing by the department of
law on or before the effective date of this act  shall  continue  to  be
governed  by  the  provisions of section 352-eee of the general business
law as they had existed immediately prior to the effective date of  this
act.
  S  3.  This act shall take effect immediately, provided, however, that
if this act shall become a law after June 15, 2015,  then  it  shall  be
deemed to have been in full force and effect on and after June 15, 2015.

                                 PART F

A. 8231                            10

  Section  1.  This  act enacts into law major components of legislation
relating to Lower Manhattan and the city of New York. Each component  is
wholly  contained  within  a Subpart identified as Subparts A through D.
The effective date for each particular provision contained  within  such
Subpart  is set forth in the last section of such Subpart. Any provision
in any section contained within a Subpart, including the effective  date
of the Subpart, which makes a reference to a section "of this act", when
used  in  connection  with that particular component, shall be deemed to
mean and refer to the corresponding section of the Subpart in  which  it
is found.

                                SUBPART A

  Section  1.  Subparagraph  (A)  of  paragraph 7 of subdivision (ee) of
section 1115 of the tax law, as amended by section 1  of  subpart  A  of
part  GG  of  chapter  59  of  the  laws  of 2014, is amended to read as
follows:
  (A) "Tenant" means a person who, as lessee, enters into a space  lease
with  a  landlord for a term of ten years or more commencing on or after
September first, two thousand five, but not later than, in the case of a
space lease with respect to leased premises located in eligible areas as
defined in clause (i) of subparagraph (D) of this  paragraph,  September
first, two thousand [fifteen] NINETEEN and, in the case of a space lease
with  respect to leased premises located in eligible areas as defined in
clause (ii) of subparagraph (D) of this paragraph not later than Septem-
ber first, two thousand [seventeen] NINETEEN, of  premises  for  use  as
commercial  office  space  in  buildings located or to be located in the
eligible areas. A person who currently  occupies  premises  for  use  as
commercial  office  space  under  an existing lease in a building in the
eligible areas shall not be eligible for exemption under  this  subdivi-
sion  unless  such  existing  lease,  in  the case of a space lease with
respect to leased premises located  in  eligible  areas  as  defined  in
clause  (i)  of  subparagraph (D) of this paragraph expires according to
its terms before September first, two thousand  [fifteen]  SEVENTEEN  or
such existing lease, in the case of a space lease with respect to leased
premises located in eligible areas as defined in clause (ii) of subpara-
graph  (D)  of this paragraph and such person enters into a space lease,
for a term of ten years or more commencing on or after September  first,
two  thousand  five, of premises for use as commercial office space in a
building located or to be located in the eligible areas,  provided  that
such  space  lease  with  respect to leased premises located in eligible
areas as defined in clause (i) of subparagraph  (D)  of  this  paragraph
commences  no  later than September first, two thousand [fifteen] SEVEN-
TEEN, and provided that such space lease with respect to leased premises
located in eligible areas as defined in clause (ii) of subparagraph  (D)
of  this paragraph commences no later than September first, two thousand
[seventeen] NINETEEN and provided, further, that such space lease  shall
expire  no  earlier  than ten years after the expiration of the original
lease.
  S 2.  Section 2 of part C of chapter 2 of the laws  of  2005  amending
the  tax law relating to exemptions from sales and use taxes, as amended
by section 2 of subpart A of part GG of chapter 59 of the laws of  2014,
is amended to read as follows:
  S 2. This act shall take effect September 1, 2005 and shall expire and
be  deemed repealed on December 1, [2018] 2020, and shall apply to sales
made, uses occurring and services rendered on or  after  such  effective

A. 8231                            11

date,  in  accordance  with  the  applicable  transitional provisions of
sections 1106 and 1217 of the tax law; except that clause (i) of subpar-
agraph (D) of paragraph seven of subdivision (ee) of section 1115 of the
tax law, as added by section one of this act, shall expire and be deemed
repealed December 1, [2016] 2018.
  S  3.  This  act  shall take effect immediately and shall be deemed to
have been in full force and effect after June 30, 2015; provided, howev-
er, that the amendment to subparagraph (A) of paragraph 7 of subdivision
(ee) of section 1115 of the tax law made by  section  one  of  this  act
shall  not  affect  the  repeal  of such subdivision and shall be deemed
repealed therewith.

                                SUBPART B

  Section 1. Subdivision (b) of section 25-z of the general city law, as
amended by section 1 of subpart D of part GG of chapter 59 of  the  laws
of 2014, is amended to read as follows:
  (b) No eligible business shall be authorized to receive a credit under
any  local  law enacted pursuant to this article until the premises with
respect to which it is claiming the credit meet the requirements in  the
definition  of  eligible  premises  and  until it has obtained a certif-
ication of eligibility from the mayor of such city or an  agency  desig-
nated  by  such mayor, and an annual certification from such mayor or an
agency designated by such mayor as to the number of  eligible  aggregate
employment  shares maintained by such eligible business that may qualify
for obtaining a tax credit for the eligible business' taxable year.  Any
written documentation submitted to such mayor or such agency or agencies
in  order  to  obtain  any  such certification shall be deemed a written
instrument for purposes of section 175.00 of the penal law.  Such  local
law  may  provide for application fees to be determined by such mayor or
such agency or agencies. No such certification of eligibility  shall  be
issued under any local law enacted pursuant to this article to an eligi-
ble  business  on  or after July first, two thousand [fifteen] SEVENTEEN
unless:
  (1) prior to such date such business has purchased, leased or  entered
into  a contract to purchase or lease particular premises or a parcel on
which will be constructed such premises or already owned  such  premises
or parcel;
  (2)  prior to such date improvements have been commenced on such prem-
ises or parcel, which improvements will meet the requirements of  subdi-
vision (e) of section twenty-five-y of this article relating to expendi-
tures for improvements;
  (3) prior to such date such business submits a preliminary application
for a certification of eligibility to such mayor or such agency or agen-
cies  with respect to a proposed relocation to such particular premises;
and
  (4) such business relocates to such particular premises not later than
thirty-six months or, in a case in which the expenditures made  for  the
improvements  specified  in  paragraph  two  of  this subdivision are in
excess of fifty million dollars within seventy-two months from the  date
of submission of such preliminary application.
  S  2.  Subdivision  (b)  of  section 25-ee of the general city law, as
amended by section 2 of subpart D of part GG of chapter 59 of  the  laws
of 2014, is amended to read as follows:
  (b) No eligible business or special eligible business shall be author-
ized  to receive a credit against tax under any local law enacted pursu-

A. 8231                            12

ant to this article until the premises  with  respect  to  which  it  is
claiming  the credit meet the requirements in the definition of eligible
premises and until it has obtained a certification of  eligibility  from
the  mayor  of  such city or any agency designated by such mayor, and an
annual certification from such mayor or an  agency  designated  by  such
mayor  as  to  the  number of eligible aggregate employment shares main-
tained by such eligible business or such special eligible business  that
may  qualify for obtaining a tax credit for the eligible business' taxa-
ble year. No special eligible business shall be authorized to receive  a
credit  against  tax  under  the  provisions  of this article unless the
number of relocated employee base shares calculated pursuant to subdivi-
sion (o) of section twenty-five-dd of this article is equal to or great-
er than the lesser of twenty-five percent of the number of New York city
base shares calculated pursuant to subdivision (p) of such  section  and
two hundred fifty employment shares. Any written documentation submitted
to  such  mayor  or  such agency or agencies in order to obtain any such
certification shall be deemed  a  written  instrument  for  purposes  of
section 175.00 of the penal law. Such local law may provide for applica-
tion  fees to be determined by such mayor or such agency or agencies. No
certification of eligibility shall be issued under any local law enacted
pursuant to this article to an eligible business on or after July first,
two thousand [fifteen] SEVENTEEN unless:
  (1) prior to such date such business has purchased, leased or  entered
into  a  contract  to  purchase  or lease premises in the eligible Lower
Manhattan area or a parcel on which will be constructed such premises;
  (2) prior to such date improvements have been commenced on such  prem-
ises  or parcel, which improvements will meet the requirements of subdi-
vision (e) of section twenty-five-dd of this article relating to expend-
itures for improvements;
  (3) prior to such date such business submits a preliminary application
for a certification of eligibility to such mayor or such agency or agen-
cies with respect to a proposed relocation to such premises; and
  (4) such business relocates to such premises as provided  in  subdivi-
sion  (j) of section twenty-five-dd of this article not later than thir-
ty-six months or, in a case in  which  the  expenditures  made  for  the
improvements  specified  in  paragraph  two  of  this subdivision are in
excess of fifty million dollars within seventy-two months from the  date
of submission of such preliminary application.
  S  3.  Subdivision (b) of section 22-622 of the administrative code of
the city of New York, as amended by section 3 of subpart D of part GG of
chapter 59 of the laws of 2014, is amended to read as follows:
  (b) No eligible business shall  be  authorized  to  receive  a  credit
against  tax  or  a  reduction  in  base  rent  subject to tax under the
provisions of this chapter, and of title eleven of the code as described
in subdivision (a) of this section, until the premises with  respect  to
which  it is claiming the credit meet the requirements in the definition
of eligible premises and until it has obtained a certification of eligi-
bility from the mayor or an agency designated by the mayor, and an annu-
al certification from the mayor or an agency designated by the mayor  as
to the number of eligible aggregate employment shares maintained by such
eligible  business  that  may qualify for obtaining a tax credit for the
eligible business' taxable year. Any written documentation submitted  to
the mayor or such agency or agencies in order to obtain any such certif-
ication  shall  be  deemed  a written instrument for purposes of section
175.00 of the penal law. Application fees for such certifications  shall
be  determined by the mayor or such agency or agencies. No certification

A. 8231                            13

of eligibility shall be issued to an eligible business on or after  July
first, two thousand [fifteen] SEVENTEEN unless:
  (1)  prior to such date such business has purchased, leased or entered
into a contract to purchase or lease particular premises or a parcel  on
which  will  be constructed such premises or already owned such premises
or parcel;
  (2) prior to such date improvements have been commenced on such  prem-
ises or parcel which improvements will meet the requirements of subdivi-
sion  (e) of section 22-621 of this chapter relating to expenditures for
improvements;
  (3) prior to such date such business submits a preliminary application
for a certification of eligibility to such mayor or such agency or agen-
cies with respect to a proposed relocation to such particular  premises;
and
  (4) such business relocates to such particular premises not later than
thirty-six  months  or,  in  a  case  in which the expenditures made for
improvements specified in paragraph  two  of  this  subdivision  are  in
excess  of fifty million dollars within seventy-two months from the date
of submission of such preliminary application.
  S 4. Subdivision (b) of section 22-624 of the administrative  code  of
the city of New York, as amended by section 4 of subpart D of part GG of
chapter 59 of the laws of 2014, is amended to read as follows:
  (b) No eligible business or special eligible business shall be author-
ized  to receive a credit against tax under the provisions of this chap-
ter, and of title eleven of the code as described in subdivision (a)  of
this  section,  until  the premises with respect to which it is claiming
the credit meet the requirements in the definition of eligible  premises
and  until it has obtained a certification of eligibility from the mayor
or an agency designated by the mayor, and an annual  certification  from
the  mayor  or  an  agency  designated  by the mayor as to the number of
eligible aggregate employment shares maintained by such  eligible  busi-
ness  or  special eligible business that may qualify for obtaining a tax
credit for the eligible business'  taxable  year.  No  special  eligible
business  shall  be authorized to receive a credit against tax under the
provisions of this chapter and of title eleven of the  code  unless  the
number of relocated employee base shares calculated pursuant to subdivi-
sion  (o)  of section 22-623 of this chapter is equal to or greater than
the lesser of twenty-five percent of the number of New  York  city  base
shares  calculated  pursuant  to subdivision (p) of such section 22-623,
and two hundred  fifty  employment  shares.  Any  written  documentation
submitted to the mayor or such agency or agencies in order to obtain any
such  certification shall be deemed a written instrument for purposes of
section 175.00 of the penal  law.  Application  fees  for  such  certif-
ications shall be determined by the mayor or such agency or agencies. No
certification  of eligibility shall be issued to an eligible business on
or after July first, two thousand [fifteen] SEVENTEEN unless:
  (1) prior to such date such business has purchased, leased or  entered
into  a  contract  to  purchase  or lease premises in the eligible Lower
Manhattan area or a parcel on which will be constructed such premises;
  (2) prior to such date improvements have been commenced on such  prem-
ises  or parcel, which improvements will meet the requirements of subdi-
vision (e) of section 22-623 of this chapter  relating  to  expenditures
for improvements;
  (3) prior to such date such business submits a preliminary application
for a certification of eligibility to such mayor or such agency or agen-
cies with respect to a proposed relocation to such premises; and

A. 8231                            14

  (4) such business relocates to such premises not later than thirty-six
months or, in a case in which the expenditures made for the improvements
specified  in  paragraph  two of this subdivision are in excess of fifty
million dollars within seventy-two months from the date of submission of
such preliminary application.
  S  5.  This  act  shall take effect immediately and shall be deemed to
have been in full force and effect after June 30, 2015.

                                SUBPART C

  Section 1. Paragraph 1 of subdivision  (b)  of  section  25-s  of  the
general  city  law,  as  amended by section 1 of subpart E of part GG of
chapter 59 of the laws of 2014, is amended to read as follows:
  (1) non-residential premises that are  wholly  contained  in  property
that  is eligible to obtain benefits under title two-D or two-F of arti-
cle four of the real property tax law, or would be eligible  to  receive
benefits  under  such  article  except that such property is exempt from
real property taxation and the requirements of paragraph (b) of subdivi-
sion seven of section four hundred eighty-nine-dddd of such title two-D,
or the requirements of subparagraph (ii) of paragraph (b) of subdivision
five of section four hundred eighty-nine-cccccc  of  such  title  two-F,
whichever is applicable, have not been satisfied, provided that applica-
tion for such benefits was made after May third, nineteen hundred eight-
y-five  and  prior to July first, two thousand [fifteen] SEVENTEEN, that
construction or renovation of such premises was described in such appli-
cation, that such premises have  been  substantially  improved  by  such
construction  or  renovation  so  described,  that  the minimum required
expenditure as defined in such title two-D or two-F, whichever is appli-
cable, has been made, and that such  real  property  is  located  in  an
eligible area; or
  S  2.  Paragraph  3  of subdivision (b) of section 25-s of the general
city law, as amended by section 2 of subpart E of part GG of chapter  59
of the laws of 2014, is amended to read as follows:
  (3) non-residential premises that are wholly contained in real proper-
ty  that  has obtained approval after October thirty-first, two thousand
and prior to July first, two thousand [fifteen] SEVENTEEN for  financing
by  an  industrial  development  agency  established pursuant to article
eighteen-A of the general municipal law, provided  that  such  financing
has been used in whole or in part to substantially improve such premises
(by  construction  or  renovation), and that expenditures have been made
for improvements to such real property in excess of ten  per  centum  of
the  value at which such real property was assessed for tax purposes for
the tax year in which such improvements commenced,  that  such  expendi-
tures  have  been made within thirty-six months after the earlier of (i)
the issuance by such agency of bonds for such  financing,  or  (ii)  the
conveyance  of title to such property to such agency, and that such real
property is located in an eligible area; or
  S 3. Paragraph 5 of subdivision (b) of section  25-s  of  the  general
city  law, as amended by section 3 of subpart E of part GG of chapter 59
of the laws of 2014, is amended to read as follows:
  (5) non-residential premises that are wholly contained in real proper-
ty owned by such city or the New York  state  urban  development  corpo-
ration,  or  a  subsidiary  thereof,  a  lease for which was approved in
accordance with the applicable provisions of the charter of such city or
by the board of directors of such corporation,  and  such  approval  was
obtained  after  October  thirty-first,  two  thousand and prior to July

A. 8231                            15

first, two thousand [fifteen] SEVENTEEN, provided,  however,  that  such
premises were constructed or renovated subsequent to such approval, that
expenditures have been made subsequent to such approval for improvements
to  such  real property (by construction or renovation) in excess of ten
per centum of the value at which such real property was assessed for tax
purposes for the tax year in which  such  improvements  commenced,  that
such  expenditures  have  been  made  within thirty-six months after the
effective date of such lease, and that such real property is located  in
an eligible area; or
  S  4.  Paragraph  2  of subdivision (c) of section 25-t of the general
city law, as amended by section 4 of subpart E of part GG of chapter  59
of the laws of 2014, is amended to read as follows:
  (2)  No  eligible energy user, qualified eligible energy user, on-site
cogenerator, or clean on-site cogenerator shall receive a rebate  pursu-
ant  to  this  article  until  it  has obtained a certification from the
appropriate city agency in accordance with a local law enacted  pursuant
to  this  section. No such certification for a qualified eligible energy
user shall be issued on or after November first, two thousand.  No  such
certification of any other eligible energy user, on-site cogenerator, or
clean  on-site  cogenerator  shall be issued on or after July first, two
thousand [fifteen] SEVENTEEN.
  S 5. Paragraph 1 of subdivision (a) of section 25-aa  of  the  general
city  law, as amended by section 5 of subpart E of part GG of chapter 59
of the laws of 2014, is amended to read as follows:
  (1) is eligible to obtain benefits under title two-D or two-F of arti-
cle four of the real property tax law, or would be eligible  to  receive
benefits  under such title except that such property is exempt from real
property taxation and the requirements of paragraph (b)  of  subdivision
seven  of  section four hundred eighty-nine-dddd of such title two-D, or
the requirements of subparagraph (ii) of paragraph  (b)  of  subdivision
five  of  section  four  hundred eighty-nine-cccccc of such title two-F,
whichever is applicable, of the real property  tax  law  have  not  been
satisfied,  provided  that  application for such benefits was made after
the thirtieth day of June, nineteen hundred ninety-five and  before  the
first  day  of July, two thousand [fifteen] SEVENTEEN, that construction
or renovation of such building or structure was described in such appli-
cation, that such building or structure has been substantially  improved
by  such  construction  or renovation, and (i) that the minimum required
expenditure as defined in such title has been made, or (ii) where  there
is   no  applicable  minimum  required  expenditure,  the  building  was
constructed within such period or periods of time established  by  title
two-D  or  two-F,  whichever  is applicable, of article four of the real
property tax law for construction of a new building or structure; or
  S 6. Paragraphs 2 and 3 of subdivision (a) of  section  25-aa  of  the
general  city  law,  as  amended by section 6 of subpart E of part GG of
chapter 59 of the laws of 2014, are amended to read as follows:
  (2) has obtained approval after the thirtieth day  of  June,  nineteen
hundred  ninety-five  and  before  the  first  day of July, two thousand
[fifteen] SEVENTEEN, for financing by an industrial  development  agency
established pursuant to article eighteen-A of the general municipal law,
provided  that  such  financing  has  been  used  in whole or in part to
substantially improve such building  or  structure  by  construction  or
renovation,  that  expenditures  have been made for improvements to such
real property in excess of twenty per centum of the value at which  such
real  property  was  assessed for tax purposes for the tax year in which
such improvements commenced, and that such expenditures have  been  made

A. 8231                            16

within  thirty-six  months after the earlier of (i) the issuance by such
agency of bonds for such financing, or (ii) the conveyance of  title  to
such building or structure to such agency; or
  (3)  is  owned  by  the  city  of New York or the New York state urban
development corporation, or a subsidiary corporation  thereof,  a  lease
for  which  was approved in accordance with the applicable provisions of
the charter of such city or by the board of  directors  of  such  corpo-
ration,  as  the  case  may be, and such approval was obtained after the
thirtieth day of June, nineteen hundred ninety-five and before the first
day of July, two thousand [fifteen] SEVENTEEN,  provided  that  expendi-
tures have been made for improvements to such real property in excess of
twenty  per centum of the value at which such real property was assessed
for tax purposes for the tax year in which such improvements  commenced,
and that such expenditures have been made within thirty-six months after
the effective date of such lease; or
  S  7.  Subdivision  (f)  of  section 25-bb of the general city law, as
amended by section 7 of subpart E of part GG of chapter 59 of  the  laws
of 2014, is amended to read as follows:
  (f) Application and certification. An owner or lessee of a building or
structure  located  in  an  eligible revitalization area, or an agent of
such owner or lessee, may apply to such  department  of  small  business
services  for certification that such building or structure is an eligi-
ble building or targeted  eligible  building  meeting  the  criteria  of
subdivision  (a)  or  (q)  of  section  twenty-five-aa  of this article.
Application for such certification must be filed after the thirtieth day
of June, nineteen hundred ninety-five and before a  building  permit  is
issued  for the construction or renovation required by such subdivisions
and before the first day of  July,  two  thousand  [fifteen]  SEVENTEEN,
provided that no certification for a targeted eligible building shall be
issued  after October thirty-first, two thousand. Such application shall
identify expenditures to be made that will affect eligibility under such
subdivision (a) or (q). Upon completion of such expenditures, an  appli-
cant shall supplement such application to provide information (i) estab-
lishing  that the criteria of such subdivision (a) or (q) have been met;
(ii) establishing a basis for determining the amount of special rebates,
including a basis for an allocation of the special rebate among eligible
revitalization area energy users purchasing or otherwise receiving ener-
gy services from an eligible redistributor  of  energy  or  a  qualified
eligible  redistributor of energy; and (iii) supporting an allocation of
charges for energy services between eligible charges and other  charges.
Such  department  shall  certify  a building or structure as an eligible
building or targeted eligible building after receipt and review of  such
information  and  upon a determination that such information establishes
that the building or structure qualifies  as  an  eligible  building  or
targeted  eligible  building.  Such  department  shall mail such certif-
ication or notice thereof to the applicant upon issuance.  Such  certif-
ication  shall  remain  in effect provided the eligible redistributor of
energy or qualified eligible redistributor of energy reports any changes
that materially affect the amount of the special rebates to which it  is
entitled  or the amount of reduction required by subdivision (c) of this
section in an energy services bill of an  eligible  revitalization  area
energy  user  and otherwise complies with the requirements of this arti-
cle. Such department shall notify the private utility or public  utility
service  required  to make a special rebate to such redistributor of the
amount of such special rebate established at the time  of  certification
and any changes in such amount and any suspension or termination by such

A. 8231                            17

department  of certification under this subdivision. Such department may
require some or all of the information required as part of  an  applica-
tion or other report be provided by a licensed engineer.
  S  8. Paragraph 1 of subdivision (i) of section 22-601 of the adminis-
trative code of the city of New York, as amended by section 8 of subpart
E of part GG of chapter 59 of the laws of 2014, is amended  to  read  as
follows:
  (1)  Non-residential  premises  that  are wholly contained in property
that is eligible to obtain benefits under part  four  or  part  five  of
subchapter  two of chapter two of title eleven of this code, or would be
eligible to receive benefits under such chapter except that such proper-
ty is exempt from real property taxation and the requirements  of  para-
graph  two  of  subdivision  g  of  section  11-259 of this code, or the
requirements of subparagraph (b) of paragraph two of  subdivision  e  of
section  11-270  of  this  code,  whichever is applicable, have not been
satisfied, provided that application for such benefits  was  made  after
May  third,  nineteen  hundred  eighty-five and prior to July first, two
thousand [fifteen] SEVENTEEN, that construction or  renovation  of  such
premises was described in such application, that such premises have been
substantially  improved by such construction or renovation so described,
that the minimum required expenditure as defined in such  part  four  or
part  five,  whichever  is applicable, has been made, and that such real
property is located in an eligible area; or
  S 9. Paragraph 3 of subdivision (i) of section 22-601 of the  adminis-
trative code of the city of New York, as amended by section 9 of subpart
E  of  part  GG of chapter 59 of the laws of 2014, is amended to read as
follows:
  (3) non-residential premises that are wholly contained in real proper-
ty that has obtained approval after October thirty-first,  two  thousand
and  prior to July first, two thousand [fifteen] SEVENTEEN for financing
by an industrial development  agency  established  pursuant  to  article
eighteen-A  of  the  general municipal law, provided that such financing
has been used in whole or in part to substantially improve such premises
(by construction or renovation), and that expenditures  have  been  made
for  improvements  to  such real property in excess of ten per centum of
the value at which such real property was assessed for tax purposes  for
the  tax  year  in which such improvements commenced, that such expendi-
tures have been made within thirty-six months after the earlier  of  (i)
the  issuance  by  such  agency of bonds for such financing, or (ii) the
conveyance of title to such property to such agency, and that such  real
property is located in an eligible area; or
  S 10. Paragraph 5 of subdivision (i) of section 22-601 of the adminis-
trative  code  of  the  city  of  New  York, as amended by section 10 of
subpart E of part GG of chapter 59 of the laws of 2014,  is  amended  to
read as follows:
  (5) non-residential premises that are wholly contained in real proper-
ty  owned  by  such  city or the New York state urban development corpo-
ration, or a subsidiary thereof, a  lease  for  which  was  approved  in
accordance with the applicable provisions of the charter of such city or
by  the  board  of  directors of such corporation, and such approval was
obtained after October thirty-first, two  thousand  and  prior  to  July
first,  two  thousand  [fifteen] SEVENTEEN, provided, however, that such
premises were constructed or renovated subsequent to such approval, that
expenditures have been made subsequent to such approval for improvements
to such real property (by construction or renovation) in excess  of  ten
per centum of the value at which such real property was assessed for tax

A. 8231                            18

purposes  for  the  tax  year in which such improvements commenced, that
such expenditures have been made  within  thirty-six  months  after  the
effective  date of such lease, and that such real property is located in
an eligible area; or
  S 11. Paragraph 1 of subdivision (c) of section 22-602 of the adminis-
trative  code  of  the  city  of  New  York, as amended by section 11 of
subpart E of part GG of chapter 59 of the laws of 2014,  is  amended  to
read as follows:
  (1)  No  eligible energy user, qualified eligible energy user, on-site
cogenerator, clean on-site cogenerator or special eligible  energy  user
shall  receive a rebate pursuant to this chapter until it has obtained a
certification as an eligible  energy  user,  qualified  eligible  energy
user, on-site cogenerator, clean on-site cogenerator or special eligible
energy  user,  respectively,  from  the  commissioner  of small business
services. No such certification for a  qualified  eligible  energy  user
shall  be  issued  on  or  after July first, two thousand three. No such
certification of any other eligible energy user, on-site cogenerator  or
clean  on-site  cogenerator  shall be issued on or after July first, two
thousand [fifteen]  SEVENTEEN.    The  commissioner  of  small  business
services,  after  notice  and hearing, may revoke a certification issued
pursuant to this subdivision where it is found that eligibility criteria
have not been met or  that  compliance  with  conditions  for  continued
eligibility  has  not been maintained. The corporation counsel may main-
tain a civil action to recover an amount equal to any benefits improper-
ly obtained.
  S 12. This act shall take effect immediately and shall  be  deemed  to
have been in full force and effect after June 30, 2015.

                                SUBPART D

  Section  1.  Subparagraph  (b-2)  of  paragraph  2 of subdivision i of
section 11-704 of the administrative code of the city of  New  York,  as
amended  by  section 1 of subpart F of part GG of chapter 59 of the laws
of 2014, is amended to read as follows:
  (b-2) The amount of the special reduction allowed by this  subdivision
with  respect  to  a lease other than a sublease commencing between July
first, two thousand five and  June  thirtieth,  two  thousand  [fifteen]
SEVENTEEN  with  an initial or renewal lease term of at least five years
shall be determined as follows:
  (i) For the base year the amount of such special  reduction  shall  be
equal to the base rent for the base year.
  (ii)  For  the  first,  second,  third and fourth twelve-month periods
following the base year the amount of such special  reduction  shall  be
equal  to  the  lesser  of  (A) the base rent for each such twelve-month
period or (B) the base rent for the base year.
  S 2. This act shall take effect immediately and  shall  be  deemed  to
have been in full force and effect after June 30, 2015.
  S 2. Severability clause. If any clause, sentence, paragraph, subdivi-
sion,  section  or  part  of  this act shall be adjudged by any court of
competent jurisdiction to be invalid, such judgment  shall  not  affect,
impair,  or  invalidate  the remainder thereof, but shall be confined in
its operation to the clause, sentence, paragraph,  subdivision,  section
or part thereof directly involved in the controversy in which such judg-
ment shall have been rendered. It is hereby declared to be the intent of
the  legislature  that  this  act  would  have been enacted even if such
invalid provisions had not been included herein.

A. 8231                            19

  S 3. This act shall take effect immediately  provided,  however,  that
the  applicable effective date of Subparts A through D of this act shall
be as specifically set forth in the last section of such Subparts.
  S 2. Severability clause. If any clause, sentence, paragraph, subdivi-
sion,  section  or  part  of  this act shall be adjudged by any court of
competent jurisdiction to be invalid, such judgment  shall  not  affect,
impair,  or  invalidate  the remainder thereof, but shall be confined in
its operation to the clause, sentence, paragraph,  subdivision,  section
or part thereof directly involved in the controversy in which such judg-
ment shall have been rendered. It is hereby declared to be the intent of
the  legislature  that  this  act  would  have been enacted even if such
invalid provisions had not been included herein.
  S 3. This act shall take effect immediately  provided,  however,  that
the  applicable effective date of Parts A through F of this act shall be
as specifically set forth in the last section of such Parts.