senate Bill S4040A

2019-2020 Legislative Session

Authorizes towns in the Peconic Bay region to establish community housing funds to be funded by a supplemental real estate transfer tax

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Current Bill Status Via A4941 - Passed Senate & Assembly


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

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Actions

view actions (10)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 19, 2019 returned to assembly
passed senate
3rd reading cal.1766
substituted for s4040a
Jun 19, 2019 substituted by a4941b
ordered to third reading cal.1766
committee discharged and committed to rules
Jun 04, 2019 print number 4040a
Jun 04, 2019 amend and recommit to local government
Feb 26, 2019 referred to local government

S4040 - Details

See Assembly Version of this Bill:
A4941
Law Section:
Town Law
Laws Affected:
Add §64-k, Town L; amd §§1449-bb & 1449-ee, Tax L

S4040 - Summary

Authorizes towns in the Peconic Bay region to establish community housing funds to be funded by a supplemental real estate transfer tax; defines terms; outlines eligible expenses; establishes an advisory board in any town which has established a community housing fund to review and make recommendations regarding the town's community housing plan (view more) makes related provisions.

S4040 - Sponsor Memo

S4040 - Bill Text download pdf


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

                                  4040

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 26, 2019
                               ___________

Introduced  by  Sen. LAVALLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the town law and the tax law, in relation to authorizing
  towns in the Peconic Bay region to establish community  housing  funds
  to be funded by a supplemental real estate transfer tax

  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
critical  to  the  future  of  the Peconic Bay region is the need for an
adequate supply of housing opportunities for all segments of the Peconic
Bay community.
  The adverse impact resulting from the lack of housing opportunities is
severe. Local employers  are  having  difficulty  hiring  and  retaining
employees  because  of  housing  costs and availability. Local volunteer
emergency services agencies are experiencing difficulty  in  recruitment
and  retention.  Long-time residents are forced to leave the area. Traf-
fic congestion is intensified by the importation  of  labor  from  areas
with lower housing costs.  Finally, the lack of housing opportunities is
resulting  in  residents  being  forced  to live in substandard, illegal
conditions.
  The unique demographics and economics in the Peconic Bay region and  a
lack of affordable dwelling units are contributing to this housing shor-
tage.  The combination of the Peconic Bay region's attractiveness, prox-
imity to the dense population of the New York metropolitan region and to
that region's extraordinary wealth, makes the Peconic Bay region a prime
location  for  seasonal  and  luxury  homes.  While  this combination of
extraordinary attractiveness, population density, and wealth has created
a strong local economy for the Peconic Bay region, it has resulted in  a
housing  crisis for local families. In the Peconic Bay region, more than
40% of all housing units are seasonal.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03159-04-9

S4040A (ACTIVE) - Details

See Assembly Version of this Bill:
A4941
Law Section:
Town Law
Laws Affected:
Add §64-k, Town L; amd §§1449-bb & 1449-ee, Tax L

S4040A (ACTIVE) - Summary

Authorizes towns in the Peconic Bay region to establish community housing funds to be funded by a supplemental real estate transfer tax; defines terms; outlines eligible expenses; establishes an advisory board in any town which has established a community housing fund to review and make recommendations regarding the town's community housing plan (view more) makes related provisions.

S4040A (ACTIVE) - Sponsor Memo

S4040A (ACTIVE) - Bill Text download pdf


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

                                 4040--A

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 26, 2019
                               ___________

Introduced  by  Sen. LAVALLE -- read twice and ordered printed, and when
  printed to be committed  to  the  Committee  on  Local  Government  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

AN ACT to amend the town law and the tax law, in relation to authorizing
  towns in the Peconic Bay region to establish community  housing  funds
  to be funded by a supplemental real estate transfer tax

  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
critical  to  the  future  of  the Peconic Bay region is the need for an
adequate supply of housing opportunities for all segments of the Peconic
Bay community.
  The adverse impact resulting from the lack of housing opportunities is
severe. Local employers  are  having  difficulty  hiring  and  retaining
employees  because  of  housing  costs and availability. Local volunteer
emergency services agencies are experiencing difficulty  in  recruitment
and  retention.  Long-time residents are forced to leave the area. Traf-
fic congestion is intensified by the importation  of  labor  from  areas
with lower housing costs.  Finally, the lack of housing opportunities is
resulting  in  residents  being  forced  to live in substandard, illegal
conditions.
  The unique demographics and economics in the Peconic Bay region and  a
lack of affordable dwelling units are contributing to this housing shor-
tage.  The combination of the Peconic Bay region's attractiveness, prox-
imity to the dense population of the New York metropolitan region and to
that region's extraordinary wealth, makes the Peconic Bay region a prime
location  for  seasonal  and  luxury  homes.  While  this combination of
extraordinary attractiveness, population density, and wealth has created
a strong local economy for the Peconic Bay region, it has resulted in  a

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03159-14-9

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