assembly Bill A6073A

Signed By Governor
2021-2022 Legislative Session

Exempts certain construction projects in the city of New York from a time limit for the purpose of filing a final application for tax payment abatement

download bill text pdf

Sponsored By

Current Bill Status Via S5882 - Signed by Governor


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

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Actions

view actions (14)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 02, 2021 signed chap.361
Jul 21, 2021 delivered to governor
Jun 10, 2021 returned to senate
passed assembly
ordered to third reading rules cal.761
substituted for a6073a
Jun 10, 2021 substituted by s5882a
rules report cal.761
reported
reported referred to rules
Jun 09, 2021 reference changed to ways and means
Jun 07, 2021 print number 6073a
Jun 07, 2021 amend (t) and recommit to real property taxation
Mar 09, 2021 referred to real property taxation

Co-Sponsors

A6073 - Details

See Senate Version of this Bill:
S5882
Law Section:
Real Property Tax Law
Laws Affected:
Amd §489-cccccc, RPT L; amd §11-270, NYC Ad Cd

A6073 - Summary

Provides that a certain time limit for purposes of filing a final application for a tax abatement shall not apply to certain construction projects.

A6073 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6073
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               March 9, 2021
                                ___________
 
 Introduced  by M. of A. PERRY -- read once and referred to the Committee
   on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation to providing that
   a certain time limit for purposes of qualifying for  a  tax  abatement
   shall  not  apply to certain brand-new from the ground up construction
   sited on property purchased from the city of New York
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (a) of subdivision 5 of section 489-cccccc of the
 real  property  tax law is amended by adding a new subparagraph (iii) to
 read as follows:
   (III) NOTWITHSTANDING ANY PROVISION OF LAW TO THE CONTRARY,  THE  TIME
 LIMIT  TO FILE A FINAL APPLICATION FOR BENEFITS AS SPECIFIED IN SUBPARA-
 GRAPH (II) OF THIS PARAGRAPH SHALL NOT APPLY TO  BRAND-NEW  CONSTRUCTION
 FROM  THE  GROUND  UP LOCATED ON PROPERTY PURCHASED FROM THE CITY OF NEW
 YORK WHERE SUCH PROPERTY WHICH IS THE SITE OF THE NEW  CONSTRUCTION  WAS
 PURCHASED  FROM  THE  CITY  OF  NEW YORK FOR THE PURPOSES OF AN ELIGIBLE
 DEVELOPMENT PURSUANT TO THIS ARTICLE AND WHERE THE SALES AGREEMENT  WITH
 THE CITY OF NEW YORK FOR SUCH PROPERTY INCLUDES A RESTRICTION PREVENTING
 THE SALE OR TRANSFER OF SUCH PROPERTY FOR A PERIOD OF FIVE YEARS OR MORE
 AND WHERE THE FIRST VALUATION AND ASSESSMENT FOR THE PURPOSES OF PROPER-
 TY  TAXES OCCURRED WITHIN THAT PERIOD OF RESTRICTION FROM SALE, PROVIDED
 THE PROJECT MEETS THE OTHER REQUIREMENTS OF THIS TITLE.
   § 2. This act  shall  take  effect  immediately  and  shall  apply  to
 projects  for  which  a  final application for benefits was filed on and
 after January 1, 2018.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08932-09-1


Co-Sponsors

view additional co-sponsors

A6073A (ACTIVE) - Details

See Senate Version of this Bill:
S5882
Law Section:
Real Property Tax Law
Laws Affected:
Amd §489-cccccc, RPT L; amd §11-270, NYC Ad Cd

A6073A (ACTIVE) - Summary

Provides that a certain time limit for purposes of filing a final application for a tax abatement shall not apply to certain construction projects.

A6073A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6073--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               March 9, 2021
                                ___________
 
 Introduced by M. of A. PERRY, TAYLOR, HYNDMAN, ZINERMAN -- read once and
   referred  to  the  Committee  on  Real  Property Taxation -- committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN ACT to amend the real property tax law and the administrative code of
   the city of New York, in relation to providing  that  a  certain  time
   limit  for  purposes of qualifying for a tax abatement shall not apply
   to certain brand-new from the ground up construction sited on property
   purchased from the city of New York
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (a) of subdivision 5 of section 489-cccccc of the
 real  property  tax law is amended by adding a new subparagraph (iii) to
 read as follows:
   (III) NOTWITHSTANDING ANY PROVISION OF LAW TO THE CONTRARY,  THE  TIME
 LIMIT  TO FILE A FINAL APPLICATION FOR BENEFITS AS SPECIFIED IN SUBPARA-
 GRAPH (II) OF THIS PARAGRAPH SHALL NOT APPLY TO  BRAND-NEW  CONSTRUCTION
 FROM  THE  GROUND  UP LOCATED ON PROPERTY PURCHASED FROM THE CITY OF NEW
 YORK WHERE SUCH PROPERTY WHICH IS THE SITE OF THE NEW  CONSTRUCTION  WAS
 PURCHASED  FROM  THE  CITY  OF  NEW YORK FOR THE PURPOSES OF AN ELIGIBLE
 DEVELOPMENT PURSUANT TO THIS ARTICLE AND WHERE THE SALES AGREEMENT  WITH
 THE CITY OF NEW YORK FOR SUCH PROPERTY INCLUDES A RESTRICTION PREVENTING
 THE SALE OR TRANSFER OF SUCH PROPERTY FOR A PERIOD OF FIVE YEARS OR MORE
 AND WHERE THE FIRST VALUATION AND ASSESSMENT FOR THE PURPOSES OF PROPER-
 TY  TAXES OCCURRED WITHIN THAT PERIOD OF RESTRICTION FROM SALE, PROVIDED
 THE PROJECT MEETS THE OTHER REQUIREMENTS OF THIS TITLE.
   § 2. Paragraph (1) of subdivision e of section 11-270 of the  adminis-
 trative code of the city of New York is amended by adding a new subpara-
 graph (c) to read as follows:
   (C)  NOTWITHSTANDING  ANY  PROVISION  OF LAW TO THE CONTRARY, THE TIME
 LIMIT TO FILE A FINAL APPLICATION FOR BENEFITS AS SPECIFIED IN  SUBPARA-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.