Assembly Actions -
Senate Actions - UPPERCASE
|Oct 08, 2021||
|Sep 28, 2021||
delivered to governor
|Jun 10, 2021||
returned to assembly
3rd reading cal.1747
substituted for s6492
|Jun 10, 2021||
substituted by a2633
ordered to third reading cal.1747
committee discharged and committed to rules
|May 03, 2021||
referred to local government
Senate Bill S6492Signed By Governor
2021-2022 Legislative Session
Archive: Last Bill Status Via A2633 - Signed by Governor
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2021-S6492 (ACTIVE) - Details
2021-S6492 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6492 SPONSOR: PALUMBO TITLE OF BILL: 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 PURPOSE: Authorizing towns in the Peconic Bay region to establish a community housing fund to be funded by a supplemental real estate transfer tax. SUMMARY OF PROVISIONS: Section 1. Legislative findings. Section 2. Cites the Peconic Bay Region Community Housing Act. Section 3. Amends the Town Law by adding a new section 64-k relating to
2021-S6492 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6492 2021-2022 Regular Sessions I N S E N A T E May 3, 2021 ___________ Introduced by Sen. PALUMBO -- 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 an adequate supply of housing opportunities for all segments of the Peconic Bay community is critical to the future of the Peconic Bay region. The adverse impact resulting from the lack of housing opportunities is severe. Local employers have difficulty hiring and retaining employees because of housing costs and availability. Local volunteer emergency services agencies experience difficulty in recruitment and retention. Long-time residents are forced to leave the area. Traffic congestion is intensified by the importation of labor from areas with lower housing costs. Finally, the lack of housing opportunities is resulting in resi- dents 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. The demand for seasonal homes has driven up housing costs for local families. In the Peconic Bay region, more than 40% of all housing units are seasonal. The unique demographics and economics in the Peconic Bay region that have historically contributed to the housing shortage have only been EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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