|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 06, 2021||referred to cities 1|
senate Bill S1041
Current Bill Status - In Senate Committee Cities Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1041 (ACTIVE) - Details
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add Art 4 Title 6 §§499-aaaaa - 499-hhhhh, RPT L
- Versions Introduced in 2019-2020 Legislative Session:
S1041 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1041 SPONSOR: RAMOS TITLE OF BILL: An act to amend the real property tax law, in relation to establishing a nonprofit organization rent increase exemption SUMMARY OF PROVISIONS: Section 1: Section 1. Article 4 of the real property tax law is amended by adding a new title 6 to read as follows: Tax Abatement for Limiting Rent Increases on Non-Profit Organizations in a City of One Million or More Persons Section 499-aaaaa. Definitions. 499-bbbbb. Real property tax abatement. 499-ccccc. Eligibility requirements. 499-ddddd. Application for certificate of abatement. 499-eeeee. Enforcement and administration. 499-ME Reporting requirements; revocation of abatements. 499-ggggg. Tax lien; interest and penalty.
S1041 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1041 2021-2022 Regular Sessions I N S E N A T E January 6, 2021 ___________ Introduced by Sen. RAMOS -- read twice and ordered printed, and when printed to be committed to the Committee on Cities 1 AN ACT to amend the real property tax law, in relation to establishing a nonprofit organization rent increase exemption THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Article 4 of the real property tax law is amended by adding a new title 6 to read as follows: TITLE 6 TAX ABATEMENT FOR LIMITING RENT INCREASES ON NONPROFIT ORGANIZATIONS IN A CITY OF ONE MILLION OR MORE PERSONS SECTION 499-AAAAA. DEFINITIONS. 499-BBBBB. REAL PROPERTY TAX ABATEMENT. 499-CCCCC. ELIGIBILITY REQUIREMENTS. 499-DDDDD. APPLICATION FOR CERTIFICATE OF ABATEMENT. 499-EEEEE. ENFORCEMENT AND ADMINISTRATION. 499-FFFFF. REPORTING REQUIREMENTS; REVOCATION OF ABATEMENTS. 499-GGGGG. TAX LIEN; INTEREST AND PENALTY. 499-HHHHH. CONFIDENTIALITY. § 499-AAAAA. DEFINITIONS. WHEN USED IN THIS TITLE, THE FOLLOWING TERMS SHALL MEAN OR INCLUDE: 1. "ABATEMENT BASE". THE LESSER OF (A) TWO DOLLARS AND FIFTY CENTS OF THE TAX LIABILITY PER SQUARE FOOT OR (B) FIFTY PER CENTUM OF THE TAX LIABILITY PER SQUARE FOOT. 2. "ABATEMENT ZONE". ANY AREA OF A CITY HAVING A POPULATION OF ONE MILLION OR MORE. ANY TAX LOT THAT IS PARTLY LOCATED INSIDE AN ABATEMENT ZONE SHALL BE DEEMED TO BE ENTIRELY LOCATED INSIDE SUCH ZONE. 3. "AGGREGATE FLOOR AREA". THE SUM OF THE GROSS AREAS OF THE SEVERAL FLOORS OF A BUILDING, MEASURED FROM THE EXTERIOR FACES OF EXTERIOR WALLS OR FROM THE CENTER LINES OF WALLS SEPARATING TWO BUILDINGS. 4. "APPLICANT". THE LANDLORD AND THE TENANT. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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