senate Bill S3349

2021-2022 Legislative Session

Relates to suspending rent payments for certain tenants in response to the outbreak of COVID-19

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Sponsored By

Current Bill Status - In Senate Committee Commerce, Economic Development And Small Business 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 29, 2021 referred to commerce, economic development and small business

Co-Sponsors

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S3349 (ACTIVE) - Details

See Assembly Version of this Bill:
A3190
Current Committee:
Senate Commerce, Economic Development And Small Business
Law Section:
Financial Services
Versions Introduced in 2019-2020 Legislative Session:
S8865, A10901

S3349 (ACTIVE) - Summary

Relates to suspending rent payments for certain tenants due to the state of emergency declared by Executive Order No. 202, where they have lost earned income or were forced to close their place of business; requires landlords to accept 20 percent or one-third of contractual rent each month; requires the superintendent of the department of financial services to establish and implement an interim commercial rent relief program to support covered tenants and landlords impacted by the COVID-19 pandemic.

S3349 (ACTIVE) - Sponsor Memo

S3349 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3349
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 29, 2021
                                ___________
 
 Introduced  by  Sens.  HOYLMAN,  BIAGGI,  JACKSON,  KENNEDY, MAY, MYRIE,
   RIVERA, SALAZAR, SEPULVEDA, SERRANO -- read twice and ordered printed,
   and when printed to be committed to the Committee on Commerce, Econom-
   ic Development and Small Business
 
 AN ACT to suspend rent payments for certain tenants in response  to  the
   outbreak of coronavirus

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. For the purposes of this act:
   (a) "actual income" means for a not-for-profit  corporation  employing
 twenty-five  or less full-time employees or full-time equivalent employ-
 ees or for a small business incorporated and  resident  in  this  state,
 independently owned and operated, not dominant in its field, and employs
 twenty-five  or less full-time employees or full-time equivalent employ-
 ees, all revenue, including emergency federal, state  or  local  assist-
 ance,  or  any  other  form of income that  may be used to pay rent, but
 excluding restricted grants;
   (b) "landlord" means the person or entity to  whom  a  covered  tenant
 owes rent;
   (c)  "rent"  means the amount charged in consideration for the use and
 occupancy of real property pursuant to a written or oral  rental  agree-
 ment or statute;
   (d)  "state  of  emergency"  means  the state of emergency declared by
 executive order 202 that began on March 7, 2020 and any  further  amend-
 ments  or  modifications,  and  as  may  be further extended pursuant to
 section 28 of the executive law;
   (e) "covered tenant" includes a tenant that is a not-for-profit corpo-
 ration employing twenty-five or less full-time  employees  or  full-time
 equivalent  employees, or a tenant that is a small business incorporated
 and resident in this state, independently owned and operated, not  domi-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02356-02-1

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