Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 07, 2018 |
signed chap.379 |
Nov 27, 2018 |
delivered to governor |
May 30, 2018 |
returned to senate passed assembly |
Apr 25, 2018 |
ordered to third reading cal.758 substituted for a9039 |
Apr 25, 2018 |
substituted by s7316 |
Apr 19, 2018 |
advanced to third reading cal.758 |
Apr 17, 2018 |
reported |
Jan 17, 2018 |
referred to ways and means |
Assembly Bill A9039
Signed By Governor2017-2018 Legislative Session
Sponsored By
RAMOS
Archive: Last Bill Status Via S7316 - 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
co-Sponsors
Donna Lupardo
Luis R. Sepúlveda
Phil Steck
Kimberly Jean-Pierre
2017-A9039 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7316
- Law Section:
- Private Housing Finance Law
- Laws Affected:
- Rpld Art 28, Priv Hous Fin L; rpld §612 sub§ (b) ¶42, sub§ (c) ¶¶42 & 43, Tax L
2017-A9039 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9039 I N A S S E M B L Y January 17, 2018 ___________ Introduced by M. of A. RAMOS -- read once and referred to the Committee on Ways and Means AN ACT to repeal certain provisions of the private housing finance law and the tax law relating to the New York state first home savings program; and to study the impacts of a first home savings program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Article 28 of the private housing finance law, as added by chapter 472 of the laws of 2017, is REPEALED. § 2. Paragraph 42 of subsection (b) and paragraphs 42 and 43 of subsection (c) of section 612 of the tax law, as added by chapter 472 of the laws of 2017, are REPEALED. § 3. The Division of Housing and Community Renewal, in consultation with the New York State Department of Taxation and Finance and the State of New York Mortgage Authority, shall study opportunities for, and implications of, a tax-advantaged first home savings program. Such study shall include, but not be limited to, the feasibility and sustainability of such a program including the merits of income limitations; challenges faced by first time homebuyers; homeownership rates in New York State versus the rest of the country; type of tax-advantaged first time home- buyer programs utilized by other states; detailed fiscal impact includ- ing methodology related to expected household formation and impact on housing; fiscal gains to the state due to tax revenues; and any economic impact due to home purchasing and home construction. The Division of Housing and Community Renewal is authorized to work with stakeholders as well as conduct any hearings it deems necessary to accomplish the purposes of this act. § 4. The Division of Housing and Community Renewal shall issue a report with detailed recommendations and findings to the governor, the temporary president of the senate and the speaker of the assembly, and the chair of the assembly committee on housing and the senate committee on housing, construction and community development; and post a copy of such report on its website on or before June 30, 2018. § 5. This act shall take effect immediately; provided, however, that sections one and two of this act shall take effect on the same date and in the same manner as chapter 472 of the laws of 2017 takes effect.
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