Assembly Actions - Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 08, 2022 | signed chap.485 |
Aug 05, 2022 | delivered to governor |
May 23, 2022 | returned to assembly passed senate 3rd reading cal.1381 substituted for s8890 |
May 23, 2022 | substituted by a9135 |
May 16, 2022 | ordered to third reading cal.1381 committee discharged and committed to rules |
Apr 27, 2022 | referred to local government |
senate Bill S8890
Signed By GovernorSponsored By
Brian Kavanagh
(D) 27th Senate District
Archive: Last Bill Status Via A9135 - Signed by Governor
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
Your Voice
Actions
Votes
Co-Sponsors
Joseph P. Addabbo Jr
(D) 15th Senate District
S8890 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9135
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §457, RPT L
S8890 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8890 SPONSOR: KAVANAGH TITLE OF BILL: An act to amend the real property tax law, in relation to extending the date allowable for exemptions for first-time homebuyers of newly constructed homes PURPOSE OR GENERAL IDEA OF BILL: To authorize municipal entities to continue the first-time homebuyer program. The program provides localities with an option to allow for a partial real property tax exemption for first-time homebuyers of newly constructed homes. SUMMARY OF PROVISIONS: Amends subdivision 5 of section 457 of the real property tax law by continuing until 2028 the authorization for localities to provide prop- erty tax exemptions for first-time homebuyers of newly constructed homes.
S8890 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8890 I N S E N A T E April 27, 2022 ___________ Introduced by Sen. KAVANAGH -- 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 the date allowable for exemptions for first-time homebuyers of newly constructed homes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 5 of section 457 of the real property tax law, as amended by chapter 128 of the laws of 2017, is amended to read as follows: 5. No exemption shall be allowed pursuant to this section for any newly constructed primary residential property purchased by a first-time homebuyer on or after December thirty-first, two thousand [twenty-two] TWENTY-EIGHT, unless such purchase is pursuant to a binding written contract entered into prior to December thirty-first, two thousand [twenty-two] TWENTY-EIGHT. Provided, however, that any first-time home- buyer who is allowed an exemption pursuant to this section prior to such date shall continue to be allowed further exemptions pursuant to subdi- vision one of this section. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13517-01-1
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.