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

Archive: Last Bill Status Via S5882 - Signed by Governor

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

Bill Amendments

co-Sponsors

2021-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

2021-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.

2021-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

2021-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

2021-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.

2021-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.

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.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.