senate Bill S7616

2019-2020 Legislative Session

Establishes a rent increase exemption for certain nonprofit organizations

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Cities Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 31, 2020 referred to cities

S7616 (ACTIVE) - Details

Law Section:
Real Property Tax Law
Laws Affected:
Add Art 4 Title 6 §§499-aaaaa - 499-hhhhh, RPT L
Versions Introduced in 2021-2022 Legislative Session:
S1041

S7616 (ACTIVE) - Summary

Establishes a rent increase exemption for certain nonprofit organizations; provides a tax abatement for limiting rent increases on nonprofit organizations in a city of one million or more persons.

S7616 (ACTIVE) - Sponsor Memo

S7616 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7616

                            I N  S E N A T E

                            January 31, 2020
                               ___________

Introduced  by  Sen.  RAMOS  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Cities

AN ACT to amend the real property tax law, in relation to establishing a
  nonprofit organization rent increase exemption

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Article 4 of the real property tax law is amended by adding
a new title 6 to read as follows:
                                 TITLE 6
              TAX ABATEMENT FOR LIMITING RENT INCREASES ON
    NONPROFIT ORGANIZATIONS IN A CITY OF ONE MILLION OR MORE PERSONS
SECTION 499-AAAAA. DEFINITIONS.
        499-BBBBB. REAL PROPERTY TAX ABATEMENT.
        499-CCCCC. ELIGIBILITY REQUIREMENTS.
        499-DDDDD. APPLICATION FOR CERTIFICATE OF ABATEMENT.
        499-EEEEE. ENFORCEMENT AND ADMINISTRATION.
        499-FFFFF. REPORTING REQUIREMENTS; REVOCATION OF ABATEMENTS.
        499-GGGGG. TAX LIEN; INTEREST AND PENALTY.
        499-HHHHH. CONFIDENTIALITY.
  § 499-AAAAA. DEFINITIONS. WHEN USED IN THIS TITLE, THE FOLLOWING TERMS
SHALL MEAN OR INCLUDE:
  1.  "ABATEMENT BASE". THE LESSER OF (A) TWO DOLLARS AND FIFTY CENTS OF
THE TAX LIABILITY PER SQUARE FOOT OR (B) FIFTY PER  CENTUM  OF  THE  TAX
LIABILITY PER SQUARE FOOT.
  2.  "ABATEMENT  ZONE".  ANY  AREA OF A CITY HAVING A POPULATION OF ONE
MILLION OR MORE. ANY TAX LOT THAT IS PARTLY LOCATED INSIDE AN  ABATEMENT
ZONE SHALL BE DEEMED TO BE ENTIRELY LOCATED INSIDE SUCH ZONE.
  3.  "AGGREGATE  FLOOR AREA". THE SUM OF THE GROSS AREAS OF THE SEVERAL
FLOORS OF A BUILDING, MEASURED FROM THE EXTERIOR FACES OF EXTERIOR WALLS
OR FROM THE CENTER LINES OF WALLS SEPARATING TWO BUILDINGS.
  4. "APPLICANT". THE LANDLORD AND THE TENANT.
  5. "BENEFIT PERIOD". THE PERIOD COMMENCING WITH THE FIRST DAY  OF  THE
MONTH  IMMEDIATELY  FOLLOWING THE RENT COMMENCEMENT DATE AND TERMINATING
NO LATER THAN ONE HUNDRED TWENTY MONTHS THEREAFTER.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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