Assembly Bill A9974A

2017-2018 Legislative Session

Relates to extending the time to file a final application under the industrial and commercial abatement program

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2017-A9974 - Details

See Senate Version of this Bill:
S8023
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §489-cccccc, RPT L; amd §11-270, NYC Ad Cd

2017-A9974 - Summary

Relates to extending the time to file a final application under the industrial and commercial abatement program.

2017-A9974 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9974
 
                           I N  A S S E M B L Y
 
                               March 2, 2018
                                ___________
 
 Introduced by M. of A. LENTOL -- read once and referred to the Committee
   on Real Property Taxation
 
 AN ACT to amend the real property tax law and the administrative code of
   the  city  of  New  York,  in relation to extending the time to file a
   final  application  under  the  industrial  and  commercial  abatement
   program

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Legislative findings. The legislature hereby finds that the
 industrial and commercial abatement program (ICAP) has  been  successful
 in  encouraging  economic  growth  and  development in areas of New York
 city. ICAP imposes a strict requirement that the final  application  for
 ICAP  benefits  be  filed within one year of the issuance of a project's
 first building permit. However, the ICAP legislation's  strict  one-year
 filing  requirement  results  in  harsh outcomes for applicants in situ-
 ations where the New York city department of  buildings  issued  a  stop
 work order necessitating the substantial redesign of a project after the
 issuance  of  the  first building permit. In such instances, ICAP appli-
 cants are required to redesign their projects  and  substantively  amend
 their  ICAP applications without providing any extension of the one year
 final application filing period. The  strict  application  of  the  ICAP
 final  application  deadline  in  such  circumstances is contrary to the
 intent of the ICAP law and the New York city department of  finance  has
 attempted  to  address these inequities in the promulgation of new rules
 defining what constitutes the initial building permit for ICAP projects.
 This legislation would amend the strict final application  deadline  for
 pre-existing projects and enable affected projects to receive ICAP bene-
 fits prospectively.
   §  2. Paragraph (a) of subdivision 5 of section 489-cccccc of the real
 property tax law is amended by adding a new subparagraph (iii)  to  read
 as follows:
   (III)  EXTENSION  OF  TIME TO FILE FINAL APPLICATION.  NOTWITHSTANDING
 SUBPARAGRAPH (II) OF  THIS  PARAGRAPH,  FOR  PROJECTS  WITH  PRELIMINARY
 APPLICATIONS  FILED PRIOR TO MAY FIRST, TWO THOUSAND TEN AND THE INITIAL
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

2017-A9974A (ACTIVE) - Details

See Senate Version of this Bill:
S8023
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §489-cccccc, RPT L; amd §11-270, NYC Ad Cd

2017-A9974A (ACTIVE) - Summary

Relates to extending the time to file a final application under the industrial and commercial abatement program.

2017-A9974A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  9974--A
 
                           I N  A S S E M B L Y
 
                               March 2, 2018
                                ___________
 
 Introduced by M. of A. LENTOL -- read once and referred to the Committee
   on  Real  Property  Taxation  --  committee  discharged, bill amended,
   ordered reprinted as amended and recommitted to said committee
 
 AN ACT to amend the real property tax law and the administrative code of
   the city of New York, in relation to extending  the  time  to  file  a
   final  application  under  the  industrial  and  commercial  abatement
   program
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Legislative findings. The legislature hereby finds that the
 industrial  and  commercial abatement program (ICAP) has been successful
 in encouraging economic growth and development  in  areas  of  New  York
 city.  ICAP  imposes a strict requirement that the final application for
 ICAP benefits be filed within one year of the issuance  of  a  project's
 first  building  permit. However, the ICAP legislation's strict one-year
 filing requirement results in harsh outcomes  for  applicants  in  situ-
 ations  where  the  New  York city department of buildings issued a stop
 work order necessitating the substantial redesign of a project after the
 issuance of the first building permit. In such  instances,  ICAP  appli-
 cants  are  required  to redesign their projects and substantively amend
 their ICAP applications without providing any extension of the one  year
 final  application  filing  period.  The  strict application of the ICAP
 final application deadline in such  circumstances  is  contrary  to  the
 intent  of  the ICAP law and the New York city department of finance has
 attempted to address these inequities in the promulgation of  new  rules
 defining what constitutes the initial building permit for ICAP projects.
 This  legislation  would amend the strict final application deadline for
 pre-existing projects and enable affected projects to receive ICAP bene-
 fits prospectively.
   § 2. Paragraph (a) of subdivision 5 of section 489-cccccc of the  real
 property  tax  law is amended by adding a new subparagraph (iii) to read
 as follows:
   (III) EXTENSION OF TIME TO FILE FINAL  APPLICATION.    NOTWITHSTANDING
 SUBPARAGRAPH  (II)  OF  THIS  PARAGRAPH,  FOR  PROJECTS WITH PRELIMINARY
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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