senate Bill S2957

2021-2022 Legislative Session

Relates to creating the Mom and Pop Rent Increase Exemption

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Rules 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 (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 10, 2021 committed to rules
Mar 11, 2021 advanced to third reading
Mar 10, 2021 2nd report cal.
Mar 09, 2021 1st report cal.547
Jan 26, 2021 referred to cities 1

Votes

view votes

Mar 9, 2021 - Cities 1 committee Vote

S2957
6
0
committee
6
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Cities 1 committee vote details

Cities 1 Committee Vote: Mar 9, 2021

aye wr (1)

Co-Sponsors

S2957 (ACTIVE) - Details

See Assembly Version of this Bill:
A2418
Current Committee:
Senate Rules
Law Section:
Real Property Tax Law
Laws Affected:
Add Art 4 Title 6 §§499-aaaaa - 499-hhhhh, RPT L
Versions Introduced in Other Legislative Sessions:
2017-2018: S8748
2019-2020: S2298, A7218

S2957 (ACTIVE) - Summary

Relates to creating the Mom and Pop Rent Increase Exemption; provides a tax abatement for limiting rent increases on small businesses in a city of one million or more persons.

S2957 (ACTIVE) - Sponsor Memo

S2957 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2957
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 26, 2021
                                ___________
 
 Introduced by Sens. KAVANAGH, GOUNARDES -- read twice and ordered print-
   ed, and when printed to be committed to the Committee on Cities 1
 
 AN  ACT  to amend the real property tax law, in relation to creating the
   Mom and Pop Rent Increase Exemption
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  This  act shall be known and may be cited as the "Mom and
 Pop Rent Increase Exemption".
   § 2. 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 SMALL BUSINESSES
                 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 (I) TWO DOLLARS AND FIFTY CENTS  OF
 THE  TAX  LIABILITY  PER SQUARE FOOT OR (II) 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.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04770-01-1

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