Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 28, 2018 |
print number 9974a |
Mar 28, 2018 |
amend and recommit to real property taxation |
Mar 02, 2018 |
referred to real property taxation |
Assembly Bill A9974A
2017-2018 Legislative Session
Sponsored By
LENTOL
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
Actions
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 - 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) - 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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