Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Feb 08, 2022 | print number 260a |
Feb 08, 2022 | amend and recommit to housing, construction and community development |
Jan 05, 2022 | referred to housing, construction and community development |
Jan 06, 2021 | referred to housing, construction and community development |
senate Bill S260A
Sponsored By
Zellnor Myrie
(D) 20th Senate District
Current Bill Status - In Senate Committee Housing, Construction And Community Development Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
Your Voice
Actions
Bill Amendments
Co-Sponsors
Brad Hoylman
(D, WF) 27th Senate District
Liz Krueger
(D, WF) 28th Senate District
Gustavo Rivera
(D, WF) 33rd Senate District
Julia Salazar
(D, WF) 18th Senate District
S260 - Details
- See Assembly Version of this Bill:
- A1931
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Rpld §421-a, amd §§421-m, 467-e & 489, RPT L; rpld §§11-245, 11-245.1, 11-245.1-a & 11-245.1-b, amd §§6-130, 11-239 & 26-901, NYC Ad Cd; amd §654-d, Priv Hous Fin L
- Versions Introduced in 2019-2020 Legislative Session:
-
S7238
S260 - Sponsor Memo
BILL NUMBER: S260 SPONSOR: MYRIE TITLE OF BILL: An act to repeal section 421-a of the real property tax law, relating to the affordable New York housing program; to amend the real property tax law, the administrative code of the city of New York, and the private housing finance law, in relation to making necessary technical and conforming changes; and to repeal certain sections of the administrative code of the city of New York relating thereto PURPOSE: New York, including but not limited to New York City, has experienced high levels of gentrification. Many New Yorkers who were born and raised in these neighborhoods are no longer able to afford living there. Much of this gentrification is a by-product of the 421-A program. According to an article written in the observer by Will Bredderman, the 421-A program is available to almost any new residential building of more than five units and projects that qualify for the exemption must set aside 20 percent of their units "affordable." This tax break is a relic of 1970's
S260 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 260 2021-2022 Regular Sessions I N S E N A T E (PREFILED) January 6, 2021 ___________ Introduced by Sens. MYRIE, RIVERA, SALAZAR -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to repeal section 421-a of the real property tax law, relating to the affordable New York housing program; to amend the real property tax law, the administrative code of the city of New York, and the private housing finance law, in relation to making necessary technical and conforming changes; and to repeal certain sections of the adminis- trative code of the city of New York relating thereto THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 421-a of the real property tax law is REPEALED. § 2. Section 11-245 of the administrative code of the city of New York is REPEALED. § 3. Section 11-245.1 of the administrative code of the city of New York is REPEALED. § 4. Section 11-245.1-a of the administrative code of the city of New York is REPEALED. § 5. Section 11-245.1-b of the administrative code of the city of New York is REPEALED. § 6. The thirteenth undesignated paragraph of subdivision a of section 6-130 of the administrative code of the city of New York, as added by local law number 212 of the city of New York for the year 2019, is amended to read as follows: "Lease" means any agreement whereby a contracting agency contracts for, or leases or rents, commercial office space or commercial office facilities of 10,000 square feet or more from a non-governmental entity provided the city, whether through a single agreement or multiple agree- ments, leases or rents no less than 51 percent of the total square footage of the building to which the lease applies, or if such space or EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
Co-Sponsors
Cordell Cleare
(D) 30th Senate District
Brad Hoylman
(D, WF) 27th Senate District
Liz Krueger
(D, WF) 28th Senate District
Gustavo Rivera
(D, WF) 33rd Senate District
S260A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A1931
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Rpld §421-a, amd §§421-m, 467-e & 489, RPT L; rpld §§11-245, 11-245.1, 11-245.1-a & 11-245.1-b, amd §§6-130, 11-239 & 26-901, NYC Ad Cd; amd §654-d, Priv Hous Fin L
- Versions Introduced in 2019-2020 Legislative Session:
-
S7238
S260A (ACTIVE) - Sponsor Memo
BILL NUMBER: S260A SPONSOR: MYRIE TITLE OF BILL: An act to repeal section 421-a of the real property tax law, relating to the affordable New York housing program; to amend the real property tax law, the administrative code of the city of New York, and the private housing finance law, in relation to making necessary technical and conforming changes; and to repeal certain sections of the administrative code of the city of New York relating thereto PURPOSE: This legislation will repeal the 421-a tax exemption. SUMMARY OF SPECIFIC PROVISIONS: Section one repeals section 421-a of the real property tax law. Section two repeals section 11-245 of the administrative code of the city of New York. Section three repeals section 11-245.1 of the adminis-
S260A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 260--A 2021-2022 Regular Sessions I N S E N A T E (PREFILED) January 6, 2021 ___________ Introduced by Sens. MYRIE, HOYLMAN, KRUEGER, RIVERA, SALAZAR -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development -- recom- mitted to the Committee on Housing, Construction and Community Devel- opment in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to repeal section 421-a of the real property tax law, relating to the affordable New York housing program; to amend the real property tax law, the administrative code of the city of New York, and the private housing finance law, in relation to making necessary technical and conforming changes; and to repeal certain sections of the adminis- trative code of the city of New York relating thereto THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 421-a of the real property tax law is REPEALED. § 2. Section 11-245 of the administrative code of the city of New York is REPEALED. § 3. Section 11-245.1 of the administrative code of the city of New York is REPEALED. § 4. Section 11-245.1-a of the administrative code of the city of New York is REPEALED. § 5. Section 11-245.1-b of the administrative code of the city of New York is REPEALED. § 6. The thirteenth undesignated paragraph of subdivision a of section 6-130 of the administrative code of the city of New York, as amended by local law number 212 of the city of New York for the year 2019, is amended to read as follows: "Lease" means any agreement whereby a contracting agency contracts for, or leases or rents, commercial office space or commercial office EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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