Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 03, 2019 |
signed chap.72 |
Jun 28, 2019 |
delivered to governor |
Jun 20, 2019 |
returned to senate passed assembly ordered to third reading rules cal.541 substituted for a2092b referred to ways and means delivered to assembly passed senate |
Jun 19, 2019 |
ordered to third reading cal.1687 committee discharged and committed to rules |
Jun 17, 2019 |
print number 3985b |
Jun 17, 2019 |
amend and recommit to housing, construction and community development |
Jun 15, 2019 |
print number 3985a |
Jun 15, 2019 |
amend (t) and recommit to housing, construction and community development |
Feb 22, 2019 |
referred to housing, construction and community development |
Senate Bill S3985B
Signed By Governor2019-2020 Legislative Session
Sponsored By
(D) 11th Senate District
Archive: Last Bill Status - 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
Bill Amendments
co-Sponsors
(D) 16th Senate District
2019-S3985 - Details
2019-S3985 - Sponsor Memo
BILL NUMBER: S3985 SPONSOR: STAVISKY TITLE OF BILL: An act to amend the administrative code of the city of New York and the real property tax law, in relation to increasing the average assessed value threshold; and to amend the real property tax law, in relation to the eligibility for J-51 tax abatements PURPOSE OR GENERAL IDEA OF BILL: To increase the J-51 tax abatement minimum assessed property value eligibility to fifty thousand dollars. SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends subparagraph (ii) of paragraph 3 of subdivision d of Section 11-243 of the administrative code of the city of New York to change the average per dwelling to fifty thousand dollars. Section 2 amends the opening paragraph of paragraph (a) of subdivision 1 of section 489 of the Real Property Tax Law to extend the authorization
2019-S3985 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3985 2019-2020 Regular Sessions I N S E N A T E February 22, 2019 ___________ Introduced by Sen. STAVISKY -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the administrative code of the city of New York and the real property tax law, in relation to increasing the average assessed value threshold; and to amend the real property tax law, in relation to the eligibility for J-51 tax abatements THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (ii) of paragraph 3 of subdivision d of section 11-243 of the administrative code of the city of New York, as amended by local law number 49 of the city of New York for the year 1993, is amended to read as follows: (ii) is owned as a condominium and is occupied as the residence or home of three or more families living independently of each other; provided, however, that, in addition to all other conditions of eligi- bility for the benefits of this section, except for multiple dwellings in which units have been newly created by substantial rehabilitation of vacant buildings or conversions of non-residential buildings, the avail- ability of benefits under this section for such multiple dwellings, buildings or structures shall be conditioned on the following: (a) alterations or improvements to at least one building-wide system are part of the application for benefits, and (b) (i) the assessed valuation of such multiple dwelling, building, or structure, including land, shall not exceed an average of [thirty] FIFTY thousand dollars per dwelling unit at the time of the commencement of the alterations or improvements, and (ii) during the three years immediately preceding the commencement of the alterations or improvements the average per room sale price of the dwelling units or the stock allocated to such dwelling units shall have been no greater than thirty-five percent of the maximum mortgage amount for a single family home eligible for purchase by the Federal EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D) 16th Senate District
2019-S3985A - Details
2019-S3985A - Sponsor Memo
BILL NUMBER: S3985A SPONSOR: STAVISKY TITLE OF BILL: An act to amend the real property tax law, in relation to increasing the average assessed value threshold and to eligibility for J-51 tax abatements PURPOSE OR GENERAL IDEA OF BILL: Increases the average assessed value threshold SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends the opening paragraph of paragraph (a) of subdivision 1 of section 489 of the Real Property Tax Law to extend the authorization of the J-51 program to 2023. Section 2 amends the closing paragraph of subparagraph 6 of paragraph (a) of subdivision 1 of section 489 of the Real Property Tax Law to state that all alterations or improvements must be completed prior to June 30, 2023.
2019-S3985A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3985--A 2019-2020 Regular Sessions I N S E N A T E February 22, 2019 ___________ Introduced by Sens. STAVISKY, LIU -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to increasing the average assessed value threshold and to eligibility for J-51 tax abatements THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of paragraph (a) of subdivision 1 of section 489 of the real property tax law, as amended by section 19 of part A of chapter 20 of the laws of 2015, is amended to read as follows: Any city to which the multiple dwelling law is applicable, acting through its local legislative body or other governing agency, is hereby authorized and empowered, to and including January first, two thousand [nineteen] TWENTY-THREE, to adopt and amend local laws or ordinances providing that any increase in assessed valuation of real property shall be exempt from taxation for local purposes, as provided herein, to the extent such increase results from: § 2. The closing paragraph of subparagraph 6 of paragraph (a) of subdivision 1 of section 489 of the real property tax law, as amended by section 20 of part A of chapter 20 of the laws of 2015, is amended to read as follows: Such conversion, alterations or improvements shall be completed within thirty months after the date on which same shall be started except that such thirty month limitation shall not apply to conversions of residen- tial units which are registered with the loft board in accordance with article seven-C of the multiple dwelling law pursuant to subparagraph one of this paragraph. Notwithstanding the foregoing, a sixty month period for completion shall be available for alterations or improvements undertaken by a housing development fund company organized pursuant to EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D, IP, WF) Senate District
(D) 16th Senate District
2019-S3985B (ACTIVE) - Details
2019-S3985B (ACTIVE) - Sponsor Memo
BILL NUMBER: S3985B SPONSOR: STAVISKY TITLE OF BILL: An act to amend the real property tax law, in relation to increasing the average assessed value threshold and to eligibility for J-51 tax abatements PURPOSE OR GENERAL IDEA OF BILL: Increases the average assessed value threshold SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends the opening paragraph of paragraph (a) of subdivision 1 of section 489 of the Real Property Tax Law to extend the authorization of the J-51 program to 2020. Section 2 amends the closing paragraph of subparagraph 6 of paragraph (a) of subdivision 1 of section 489 of the Real Property Tax Law to state that all alterations or improvements must be completed prior to June 30, 2020.
2019-S3985B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3985--B 2019-2020 Regular Sessions I N S E N A T E February 22, 2019 ___________ Introduced by Sens. STAVISKY, LIU -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to increasing the average assessed value threshold and to eligibility for J-51 tax abatements THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of paragraph (a) of subdivision 1 of section 489 of the real property tax law, as amended by section 19 of part A of chapter 20 of the laws of 2015, is amended to read as follows: Any city to which the multiple dwelling law is applicable, acting through its local legislative body or other governing agency, is hereby authorized and empowered, to and including January first, two thousand [nineteen] TWENTY, to adopt and amend local laws or ordinances providing that any increase in assessed valuation of real property shall be exempt from taxation for local purposes, as provided herein, to the extent such increase results from: § 2. The closing paragraph of subparagraph 6 of paragraph (a) of subdivision 1 of section 489 of the real property tax law, as amended by section 20 of part A of chapter 20 of the laws of 2015, is amended to read as follows: Such conversion, alterations or improvements shall be completed within thirty months after the date on which same shall be started except that such thirty month limitation shall not apply to conversions of residen- tial units which are registered with the loft board in accordance with article seven-C of the multiple dwelling law pursuant to subparagraph one of this paragraph. Notwithstanding the foregoing, a sixty month EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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