Assembly Actions -
Senate Actions - UPPERCASE
|Jun 29, 2021||
|Jun 17, 2021||
delivered to governor
|Jun 03, 2021||
returned to senate
ordered to third reading rules cal.361
substituted for a7125
|Jun 01, 2021||
referred to ways and means
delivered to assembly
|May 24, 2021||
ordered to third reading cal.1296
committee discharged and committed to rules
|May 03, 2021||
referred to local government
Senate Bill S6487Signed By Governor
2021-2022 Legislative Session
Archive: Last Bill Status - Signed by Governor
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2021-S6487 (ACTIVE) - Details
2021-S6487 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6487 SPONSOR: STAVISKY TITLE OF BILL: An act to amend the real property tax law, in relation to extending certain time periods relating to exemption from taxation of alterations and improvements to multiple dwellings to eliminate fire and health hazards PURPOSE OR GENERAL IDEA OF BILL: To extend the J-51 property tax exemption and abatement program to 2022. 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 2022. Section 2 amends the closing paragraph of subparagraph 6 of paragraph
2021-S6487 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6487 2021-2022 Regular Sessions I N S E N A T E May 3, 2021 ___________ Introduced by Sen. STAVISKY -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to extending certain time periods relating to exemption from taxation of alter- ations and improvements to multiple dwellings to eliminate fire and health hazards 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 1 of item RRR of subpart B of part XXX of chapter 58 of the laws of 2020, 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 [twenty-one] TWENTY-TWO, 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 2 of item RRR of subpart B of part XXX of chapter 58 of the laws of 2020, 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.
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