senate Bill S1041

2021-2022 Legislative Session

Establishes a rent increase exemption for certain nonprofit organizations

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Cities Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 06, 2021 referred to cities 1

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:
S7616

S1041 (ACTIVE) - Summary

Establishes a rent increase exemption for certain nonprofit organizations; provides a tax abatement for limiting rent increases on nonprofit organizations in a city of one million or more persons.

S1041 (ACTIVE) - Sponsor Memo

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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