S T A T E O F N E W Y O R K
________________________________________________________________________
10654
I N A S S E M B L Y
June 17, 2020
___________
Introduced by COMMITTEE ON RULES -- (at request of M. of A.
Pheffer Amato) -- read once and referred to the Committee on Real
Property Taxation
AN ACT to amend part SS of chapter 56 of the laws of 2020, amending the
real property tax law and the administrative code of the city of New
York, relating to abatement of tax payments for certain industrial and
commercial properties in a city of one million or more persons, in
relation to the effectiveness thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 10 of part SS of chapter 56 of the laws of 2020,
amending the real property tax law and the administrative code of the
city of New York, relating to abatement of tax payments for certain
industrial and commercial properties in a city of one million or more
persons, is amended to read as follows:
§ 10. This act shall take effect immediately; provided that section
one of this act shall NOT apply to projects for which [the first build-
ing permit is issued after July 1, 2020 or if no permit is required, for
which construction commences after] A PRELIMINARY APPLICATION FOR BENE-
FITS HAS BEEN FILED ON OR BEFORE July 1, 2020.
§ 2. This act shall take effect immediately; provided however that if
this act shall not have taken effect on or before July 1, 2020 then this
act shall be deemed to have been in full force and effect on and after
July 1, 2020.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD16690-01-0