Assembly Bill A6176A

2023-2024 Legislative Session

Relates to the assessment of residential real property transferred from a charitable nonprofit housing organization to low-income persons

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee


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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

Bill Amendments

co-Sponsors

2023-A6176 - Details

See Senate Version of this Bill:
S6255
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Add §581-c, RPT L

2023-A6176 - Summary

Relates to the assessment of residential real property transferred from a charitable nonprofit housing organization to low-income persons.

2023-A6176 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6176
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               April 3, 2023
                                ___________
 
 Introduced  by M. of A. BARRETT -- read once and referred to the Commit-
   tee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation to the assessment
   of residential real property transferred from a  charitable  nonprofit
   housing organization to low-income persons

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The real property tax  law  is  amended  by  adding  a  new
 section 581-c to read as follows:
   §  581-C.  ASSESSMENT  OF RESIDENTIAL REAL PROPERTY TRANSFERRED FROM A
 CHARITABLE NONPROFIT HOUSING ORGANIZATION TO A LOW-INCOME PERSON. 1.  AS
 USED IN THIS SECTION:
   (A) "CHARITABLE NONPROFIT HOUSING  ORGANIZATION"  MEANS  A  CHARITABLE
 NONPROFIT  ORGANIZATION  WHOSE  PRIMARY  PURPOSE  IS THE CONSTRUCTION OR
 RENOVATION OF RESIDENTIAL HOUSING FOR CONVEYANCE TO A LOW-INCOME PERSON.
   (B) "ELIGIBLE NONPROFIT HOUSING PROPERTY" OR "PROPERTY" MEANS PROPERTY
 OWNED BY A CHARITABLE NONPROFIT HOUSING ORGANIZATION, THE  OWNERSHIP  OF
 WHICH  THE CHARITABLE NONPROFIT HOUSING ORGANIZATION INTENDS TO TRANSFER
 TO A LOW-INCOME PERSON AFTER CONSTRUCTION OR RENOVATION OF THE  PROPERTY
 IS COMPLETED.
   (C)  "LOW-INCOME PERSON" MEANS A PERSON WITH A HOUSEHOLD INCOME OF NOT
 MORE THAN EIGHTY PERCENT OF THE AREA MEDIAN  INCOME  (AMI)  AS  ANNUALLY
 DEFINED  BY  THE  UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOP-
 MENT, WHO IS ELIGIBLE TO PARTICIPATE IN THE CHARITABLE NONPROFIT HOUSING
 ORGANIZATION'S PROGRAM BASED ON CRITERIA ESTABLISHED BY  THE  CHARITABLE
 NONPROFIT HOUSING ORGANIZATION.
   (D)  "INITIAL TAXABLE VALUE" AND "INITIAL ASSESSED VALUE" MEANS, FOR A
 TRANSFER OF  ELIGIBLE  NONPROFIT  HOUSING  PROPERTY  FROM  A  CHARITABLE
 NONPROFIT  HOUSING ORGANIZATION TO A LOW-INCOME PERSON THAT OCCURS ON OR
 AFTER JANUARY FIRST, TWO THOUSAND TWENTY-FOUR, THE INITIAL TAXABLE VALUE
 AND INITIAL ASSESSED VALUE OF  THE  PROPERTY  SHALL  BE  THE  SUBSIDIZED
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08607-02-3
              

co-Sponsors

2023-A6176A (ACTIVE) - Details

See Senate Version of this Bill:
S6255
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Add §581-c, RPT L

2023-A6176A (ACTIVE) - Summary

Relates to the assessment of residential real property transferred from a charitable nonprofit housing organization to low-income persons.

2023-A6176A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6176--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               April 3, 2023
                                ___________
 
 Introduced  by M. of A. BARRETT, THIELE, AUBRY, GLICK, DARLING, DICKENS,
   HYNDMAN, WOERNER, JONES, EACHUS, BEEPHAN, SIMPSON  --  read  once  and
   referred  to the Committee on Real Property Taxation -- recommitted to
   the Committee on Real Property Taxation in  accordance  with  Assembly
   Rule  3,  sec.  2  --  committee  discharged,  bill  amended,  ordered
   reprinted as amended and recommitted to said committee
 
 AN ACT to amend the real property tax law, in relation to the assessment
   of residential real property transferred from a  charitable  nonprofit
   housing organization to low-income persons
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The real property tax  law  is  amended  by  adding  a  new
 section 581-c to read as follows:
   §  581-C.  ASSESSMENT  OF RESIDENTIAL REAL PROPERTY TRANSFERRED FROM A
 CHARITABLE NONPROFIT HOUSING ORGANIZATION TO A LOW-INCOME PERSON. 1.  AS
 USED IN THIS SECTION:
   (A) "CHARITABLE NONPROFIT HOUSING  ORGANIZATION"  MEANS  A  CHARITABLE
 NONPROFIT  ORGANIZATION  WHOSE  PRIMARY  PURPOSE  IS THE CONSTRUCTION OR
 RENOVATION OF RESIDENTIAL HOUSING FOR CONVEYANCE TO A LOW-INCOME PERSON.
   (B) "ELIGIBLE NONPROFIT HOUSING PROPERTY" OR "PROPERTY" MEANS PROPERTY
 TRANSFERRED BY A CHARITABLE NONPROFIT HOUSING ORGANIZATION TO A  LOW-IN-
 COME  PERSON  AND  OCCUPIED  BY  SUCH LOW-INCOME PERSON AS THEIR PRIMARY
 RESIDENCE.
   (C) "LOW-INCOME PERSON" MEANS AN INDIVIDUAL OR FAMILY WHOSE  HOUSEHOLD
 INCOME  DOES  NOT EXCEED EIGHTY PERCENT OF THE AREA MEDIAN INCOME (AMI),
 ADJUSTED FOR FAMILY SIZE AND AS ANNUALLY DEFINED BY  THE  UNITED  STATES
 DEPARTMENT  OF HOUSING AND URBAN DEVELOPMENT, WHO IS ELIGIBLE TO PARTIC-
 IPATE IN THE CHARITABLE NONPROFIT HOUSING ORGANIZATION'S  PROGRAM  BASED
 ON CRITERIA ESTABLISHED BY THE CHARITABLE NONPROFIT HOUSING ORGANIZATION
 AND WHO OCCUPIES SUCH PROPERTY AS THEIR PRIMARY RESIDENCE.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08607-03-4
 A. 6176--A                          2
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.