senate Bill S6487

Signed By Governor
2021-2022 Legislative Session

Extends certain time periods relating to exemption from taxation of alterations and improvements to multiple dwellings to eliminate fire and health hazard

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor


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

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Actions

view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 29, 2021 signed chap.176
Jun 17, 2021 delivered to governor
Jun 03, 2021 returned to senate
passed assembly
ordered to third reading rules cal.361
substituted for a7125
Jun 01, 2021 referred to ways and means
delivered to assembly
passed senate
May 24, 2021 ordered to third reading cal.1296
committee discharged and committed to rules
May 03, 2021 referred to local government

S6487 (ACTIVE) - Details

See Assembly Version of this Bill:
A7125
Law Section:
Real Property Tax Law
Laws Affected:
Amd §489, RPT L

S6487 (ACTIVE) - Summary

Extends certain time periods relating to exemption from taxation of alterations and improvements to multiple dwellings to eliminate fire and health hazards.

S6487 (ACTIVE) - Sponsor Memo

S6487 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6487
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                                May 3, 2021
                                ___________
 
 Introduced  by Sen. STAVISKY -- read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 AN ACT to amend the real property tax  law,  in  relation  to  extending
   certain  time  periods  relating  to exemption from taxation of alter-
   ations and improvements to multiple dwellings to  eliminate  fire  and
   health hazards
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The opening paragraph of paragraph (a) of subdivision 1  of
 section  489  of  the  real property tax law, as amended by section 1 of
 item RRR of subpart B of part XXX of chapter 58 of the laws of 2020,  is
 amended to read as follows:
   Any  city  to  which  the  multiple dwelling law is applicable, acting
 through its local legislative body or other governing agency, is  hereby
 authorized  and  empowered, to and including January first, two thousand
 [twenty-one] TWENTY-TWO, to adopt and amend  local  laws  or  ordinances
 providing that any increase in assessed valuation of real property shall
 be  exempt  from taxation for local purposes, as provided herein, to the
 extent such increase results from:
   § 2. The closing paragraph of  subparagraph  6  of  paragraph  (a)  of
 subdivision 1 of section 489 of the real property tax law, as amended by
 section 2 of item RRR of subpart B of part XXX of chapter 58 of the laws
 of 2020, is amended to read as follows:
   Such conversion, alterations or improvements shall be completed within
 thirty  months after the date on which same shall be started except that
 such thirty month limitation shall not apply to conversions of  residen-
 tial  units  which are registered with the loft board in accordance with
 article seven-C of the multiple dwelling law  pursuant  to  subparagraph
 one  of  this  paragraph.  Notwithstanding  the foregoing, a sixty month
 period for completion shall be available for alterations or improvements
 undertaken by a housing development fund company organized  pursuant  to

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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