Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 19, 2016 |
signed chap.279 |
Aug 08, 2016 |
delivered to governor |
Jun 16, 2016 |
returned to senate passed assembly ordered to third reading rules cal.506 substituted for a10496b |
Jun 15, 2016 |
referred to ways and means delivered to assembly passed senate ordered to third reading cal.1834 committee discharged and committed to rules |
Jun 02, 2016 |
print number 7965b |
Jun 02, 2016 |
amend and recommit to housing, construction and community development |
Jun 01, 2016 |
print number 7965a |
Jun 01, 2016 |
amend and recommit to housing, construction and community development |
May 31, 2016 |
referred to housing, construction and community development |
Senate Bill S7965B
Signed By Governor2015-2016 Legislative Session
Sponsored By
(R, C) 58th Senate District
Archive: Last Bill Status - Signed by Governor
- 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
Votes
Bill Amendments
2015-S7965 - Details
- See Assembly Version of this Bill:
- A10496
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §421-o, RPT L
2015-S7965 - Sponsor Memo
BILL NUMBER: S7965 TITLE OF BILL : An act to amend the real property tax law, in relation to an exemption of capital improvements to multiple dwelling buildings within certain cities PURPOSE OR GENERAL IDEA OF BILL : To extend to cities with a population of more than eight thousand inhabitants and fewer than nine thousand inhabitants the authority to pass a local law to provide a real property tax exemption program that exempts from taxation the additional valuation for renovation, reconstruction and rehabilitation to residential single and multi-family properties for conversion back to single family units. SUMMARY OF SPECIFIC PROVISIONS : Amends the real property tax law by adding a new section 421-o. This legislation would authorize, at the city of Hornell's option, to pass a local law authorizing a 12-year real property tax partial exemption program for single and multiple dwelling residences that are renovated, reconstructed, and rehabilitated, provided the cost of such capital improvements exceeds $5,000. In order to qualify these capital improvements must be part of a plan to subsequently convert these properties back to single family units. The exemption covers the increase in assessment value of such properties resulting from
2015-S7965 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7965 I N S E N A T E May 31, 2016 ___________ Introduced by Sen. O'MARA -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the real property tax law, in relation to an exemption of capital improvements to multiple dwelling buildings within certain cities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 421-o to read as follows: S 421-O. EXEMPTION OF CAPITAL IMPROVEMENTS TO MULTIPLE DWELLING BUILD- INGS WITHIN CERTAIN CITIES. 1. MULTIPLE DWELLING BUILDINGS, RECON- STRUCTED, ALTERED, CONVERTED BACK TO AN OWNER OCCUPIED SINGLE FAMILY DWELLING LOCATED IN ANY CITY HAVING A POPULATION OF MORE THAN EIGHT THOUSAND INHABITANTS BUT FEWER THAN NINE THOUSAND INHABITANTS, DETER- MINED IN ACCORDANCE WITH THE LATEST FEDERAL DECENNIAL CENSUS, THAT ARE RECONSTRUCTED, ALTERED OR IMPROVED SUBSEQUENT TO THE EFFECTIVE DATE OF A LOCAL LAW OR RESOLUTION PURSUANT TO THIS SECTION SHALL BE EXEMPT FROM TAXATION AND SPECIAL AD VALOREM LEVIES TO THE EXTENT PROVIDED HEREINAFT- ER. AFTER A PUBLIC HEARING, THE GOVERNING BOARD OF SUCH CITY MAY ADOPT A LOCAL LAW TO GRANT THE EXEMPTION AUTHORIZED PURSUANT TO THIS SECTION. A COPY OF SUCH LOCAL LAW SHALL BE FILED WITH THE COMMISSIONER AND THE ASSESSOR OF SUCH CITY WHO PREPARES THE ASSESSMENT ROLL ON WHICH THE TAXES OF SUCH CITY ARE LEVIED. 2. (A) SUCH BUILDINGS WITHIN SUCH CITY SHALL BE EXEMPT FOR A PERIOD OF ONE YEAR TO THE EXTENT OF ONE HUNDRED PERCENT OF THE INCREASE IN ASSESSED VALUE ATTRIBUTABLE TO SUCH RECONSTRUCTION, ALTERATION OR IMPROVEMENT AND FOR AN ADDITIONAL PERIOD OF SEVEN YEARS SUBJECT TO THE FOLLOWING: (I) THE EXTENT OF SUCH EXEMPTION SHALL BE DECREASED BY EIGHT AND ONE- THIRD PERCENT OF THE "EXEMPTION BASE" EACH YEAR DURING SUCH ADDITIONAL PERIOD. THE "EXEMPTION BASE" SHALL BE THE INCREASE IN ASSESSED VALUE AS DETERMINED IN THE INITIAL YEAR OF THE TERM OF THE EXEMPTION, EXCEPT AS PROVIDED IN SUBPARAGRAPH (II) OF THIS PARAGRAPH. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2015-S7965A - Details
- See Assembly Version of this Bill:
- A10496
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §421-o, RPT L
2015-S7965A - Sponsor Memo
BILL NUMBER: S7965A TITLE OF BILL : An act to amend the real property tax law, in relation to an exemption of capital improvements to multiple dwelling buildings within certain cities PURPOSE OR GENERAL IDEA OF BILL : To extend to cities with a population of more than eight thousand inhabitants and fewer than nine thousand inhabitants the authority to pass a local law to provide a real property tax exemption program that exempts from taxation the additional valuation for renovation, reconstruction and rehabilitation to residential single and multi-family properties for conversion back to single family units. SUMMARY OF SPECIFIC PROVISIONS : Amends the real property tax law by adding a new section 421-o. This legislation would authorize, at the city of Howell's option, to pass a local law authorizing a 12-year real property tax partial exemption program for single and multiple dwelling residences that are renovated, reconstructed, and rehabilitated, provided the cost of such capital improvements exceeds $5,000. In order to qualify these capital improvements must be part of a plan to subsequently convert these
2015-S7965A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7965--A I N S E N A T E May 31, 2016 ___________ Introduced by Sen. O'MARA -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to an exemption of capital improvements to multiple dwelling buildings within certain cities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 421-o to read as follows: S 421-O. EXEMPTION OF CAPITAL IMPROVEMENTS TO MULTIPLE DWELLING BUILD- INGS WITHIN CERTAIN CITIES. 1. MULTIPLE DWELLING BUILDINGS, RECON- STRUCTED, ALTERED, CONVERTED BACK TO AN OWNER OCCUPIED SINGLE FAMILY DWELLING LOCATED IN ANY CITY HAVING A POPULATION OF MORE THAN EIGHT THOUSAND INHABITANTS BUT FEWER THAN NINE THOUSAND INHABITANTS, THAT IS LOCATED IN A COUNTY HAVING A POPULATION OF MORE THAN NINETY-SEVEN THOU- SAND INHABITANTS BUT FEWER THAN NINETY-EIGHT THOUSAND INHABITANTS, DETERMINED IN ACCORDANCE WITH THE LATEST FEDERAL DECENNIAL CENSUS, THAT ARE RECONSTRUCTED, ALTERED OR IMPROVED SUBSEQUENT TO THE EFFECTIVE DATE OF A LOCAL LAW OR RESOLUTION PURSUANT TO THIS SECTION SHALL BE EXEMPT FROM TAXATION AND SPECIAL AD VALOREM LEVIES TO THE EXTENT PROVIDED HERE- INAFTER. AFTER A PUBLIC HEARING, THE GOVERNING BOARD OF SUCH CITY MAY ADOPT A LOCAL LAW TO GRANT THE EXEMPTION AUTHORIZED PURSUANT TO THIS SECTION. A COPY OF SUCH LOCAL LAW SHALL BE FILED WITH THE COMMISSIONER AND THE ASSESSOR OF SUCH CITY WHO PREPARES THE ASSESSMENT ROLL ON WHICH THE TAXES OF SUCH CITY ARE LEVIED. 2. (A) SUCH BUILDINGS WITHIN SUCH CITY SHALL BE EXEMPT FOR A PERIOD OF ONE YEAR TO THE EXTENT OF ONE HUNDRED PERCENT OF THE INCREASE IN ASSESSED VALUE ATTRIBUTABLE TO SUCH RECONSTRUCTION, ALTERATION OR IMPROVEMENT AND FOR AN ADDITIONAL PERIOD OF ELEVEN YEARS SUBJECT TO THE FOLLOWING: (I) THE EXTENT OF SUCH EXEMPTION SHALL BE DECREASED BY EIGHT AND ONE- THIRD PERCENT OF THE "EXEMPTION BASE" EACH YEAR DURING SUCH ADDITIONAL EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2015-S7965B (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10496
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §421-o, RPT L
2015-S7965B (ACTIVE) - Sponsor Memo
BILL NUMBER: S7965B TITLE OF BILL : An act to amend the real property tax law, in relation to an exemption of capital improvements to multiple dwelling buildings within certain cities TITLE OF BILL : An act to amend the real property tax law, in relation to an exemption of capital improvements to multiple dwelling buildings within certain cities PURPOSE OR GENERAL IDEA OF BILL : To extend to cities with a population of more than eight thousand inhabitants and fewer than nine thousand inhabitants the authority to pass a local law to provide a real property tax exemption program that exempts from taxation the additional valuation for renovation, reconstruction and rehabilitation to residential single and multi-family properties for conversion back to single family units. SUMMARY OF SPECIFIC PROVISIONS : Amends the real property tax law by adding a new section 421-o. This
2015-S7965B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7965--B I N S E N A T E May 31, 2016 ___________ Introduced by Sen. O'MARA -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to an exemption of capital improvements to multiple dwelling buildings within certain cities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 421-o to read as follows: S 421-O. EXEMPTION OF CAPITAL IMPROVEMENTS TO MULTIPLE DWELLING BUILD- INGS WITHIN CERTAIN CITIES. 1. MULTIPLE DWELLING BUILDINGS, RECON- STRUCTED, ALTERED, CONVERTED BACK TO AN OWNER OCCUPIED SINGLE FAMILY DWELLING LOCATED IN ANY CITY HAVING A POPULATION OF MORE THAN EIGHT THOUSAND INHABITANTS BUT FEWER THAN NINE THOUSAND INHABITANTS, THAT IS LOCATED IN A COUNTY HAVING A POPULATION OF MORE THAN NINETY-SEVEN THOU- SAND INHABITANTS BUT FEWER THAN NINETY-NINE THOUSAND INHABITANTS, DETER- MINED IN ACCORDANCE WITH THE LATEST FEDERAL DECENNIAL CENSUS, THAT ARE RECONSTRUCTED, ALTERED OR IMPROVED SUBSEQUENT TO THE EFFECTIVE DATE OF A LOCAL LAW OR RESOLUTION PURSUANT TO THIS SECTION SHALL BE EXEMPT FROM TAXATION AND SPECIAL AD VALOREM LEVIES TO THE EXTENT PROVIDED HEREINAFT- ER. AFTER A PUBLIC HEARING, THE GOVERNING BOARD OF SUCH CITY MAY ADOPT A LOCAL LAW TO GRANT THE EXEMPTION AUTHORIZED PURSUANT TO THIS SECTION. A COPY OF SUCH LOCAL LAW SHALL BE FILED WITH THE COMMISSIONER AND THE ASSESSOR OF SUCH CITY WHO PREPARES THE ASSESSMENT ROLL ON WHICH THE TAXES OF SUCH CITY ARE LEVIED. 2. (A) SUCH BUILDINGS WITHIN SUCH CITY SHALL BE EXEMPT FOR A PERIOD OF ONE YEAR TO THE EXTENT OF ONE HUNDRED PERCENT OF THE INCREASE IN ASSESSED VALUE ATTRIBUTABLE TO SUCH RECONSTRUCTION, ALTERATION OR IMPROVEMENT AND FOR AN ADDITIONAL PERIOD OF ELEVEN YEARS SUBJECT TO THE FOLLOWING: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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