|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2020||referred to investigations and government operations|
|May 13, 2019||referred to investigations and government operations|
senate Bill S5686
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S5686 (ACTIVE) - Details
- See Assembly Version of this Bill:
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Add §1201-f, Tax L
- Versions Introduced in Other Legislative Sessions:
S5686 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5686 SPONSOR: HOYLMAN TITLE OF BILL: An act to amend the tax law, in relation to enabling any city having a population of one million or more to impose and collect taxes on vacant ground floor commercial premises SUMMARY OF SPECIFIC PROVISIONS: The bill creates a new section 1201-f of the Tax Law entitled "Commer- cial vacancy tax.' Subdivision (a) of the new section authorizes any city having a popu- lation of one million or more to adopt a local law imposing a tax on vacant ground floor commercial premises. This subdivision establishes both a minimum period of vacancy (six months) before any premises would be subject to the tax and a maximum amount of tax (two thousand dollars per square foot annually). It authorizes the local law to establish different rates of tax in different geographical areas of any such city and provides that the owner of the premises is liable for payment of the tax.
S5686 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5686 2019-2020 Regular Sessions I N S E N A T E May 13, 2019 ___________ Introduced by Sen. HOYLMAN -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to enabling any city having a population of one million or more to impose and collect taxes on vacant ground floor commercial premises THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 1201-f to read as follows: § 1201-F. COMMERCIAL VACANCY TAX. (A) NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, ANY CITY HAVING A POPULATION OF ONE MILLION OR MORE IS HEREBY AUTHORIZED AND EMPOWERED TO ADOPT AND AMEND LOCAL LAWS IMPOSING IN ANY SUCH CITY A TAX SUCH AS THE LEGISLATURE HAS OR WOULD HAVE THE POWER AND AUTHORITY TO IMPOSE ON ANY GROUND FLOOR COMMERCIAL PREMISES THAT HAVE BEEN VACANT FOR A PERIOD OF NOT LESS THAN SIX MONTHS. THE TAX ON SUCH VACANT GROUND FLOOR COMMERCIAL PREMISES SHALL BE MEASURED AS DETERMINED AND CALCULATED IN ACCORDANCE WITH A FORMULA OR FORMULAS SET FORTH IN ANY SUCH LOCAL LAW, PROVIDED THAT ANY SUCH TAX SHALL NOT EXCEED TWO THOUSAND DOLLARS PER SQUARE FOOT ANNUALLY. ANY SUCH LOCAL LAW MAY IMPOSE SUCH TAX AT DIFFERENT RATES IN DIFFERENT GEOGRAPHICAL AREAS OF ANY SUCH CITY. SUCH TAX SHALL BE IMPOSED ON THE OWNER OF SUCH PREMISES. (B) ANY SUCH LOCAL LAW SHALL DEFINE THE MEANING OF THE TERM VACANCY, PROVIDED THAT GROUND FLOOR COMMERCIAL PREMISES THAT ARE NOT OCCUPIED BY A TENANT, BUT FOR WHICH CONSTRUCTION DOCUMENTS FOR THE ALTERATION OR RENOVATION OF SUCH PREMISES HAVE BEEN FILED WITH THE DEPARTMENT OF BUILDINGS OF ANY SUCH CITY, OR ARE LOCATED IN REAL PROPERTY FOR WHICH CONSTRUCTION DOCUMENTS FOR THE ALTERATION OR RENOVATION OF SUCH REAL PROPERTY HAVE BEEN FILED WITH THE DEPARTMENT OF BUILDINGS OF ANY SUCH CITY, WHICH ALTERATION OR RENOVATION WOULD RENDER SUCH PREMISES UNINHA- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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