| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 03, 2024 |
referred to local government |
| May 11, 2023 |
referred to local government |
Senate Bill S6829
2023-2024 Legislative Session
Sponsored By
(D, WF) 21st Senate District
Archive: Last Bill Status - In Senate Committee Local Government Committee
Actions
2023-S6829 (ACTIVE) - Details
2023-S6829 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6829
SPONSOR: PARKER
TITLE OF BILL:
An act to establish a demonstration program extending the J-51 tax
exemption to the conversion and rehabilitation of commercial and manu-
facturing space to co-located work space and residential units in
certain high density areas in Kings county; and providing for the repeal
of such provisions upon expiration thereof
PURPOSE OR GENERAL IDEA OF BILL:
This bill establishes a demonstration program extending the J-51 tax
exemption to the conversion and rehabilitation of commercial and manu-
facturing space to certain high density areas in Kings county.
SUMMARY OF PROVISIONS:
Section 1 establishes a demonstration program to extend the provisions
of the J-51 tax exemption to the conversion and rehabilitation of
commercial and manufacturing space to co-located work space and residen-
2023-S6829 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
6829
2023-2024 Regular Sessions
I N S E N A T E
May 11, 2023
___________
Introduced by Sen. PARKER -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government
AN ACT to establish a demonstration program extending the J-51 tax
exemption to the conversion and rehabilitation of commercial and manu-
facturing space to co-located work space and residential units in
certain high density areas in Kings county; and providing for the
repeal of such provisions upon expiration thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. There is hereby established a demonstration program to
extend the provisions of the J-51 tax exemption to the conversion and
rehabilitation of commercial and manufacturing space to co-located work
space and residential units in certain high density, underutilized M-1
zoned properties in Kings county. For purposes of this section, J-51 is
a property tax exemption and abatement for renovating a residential
apartment building in certain counties of the city of New York. Such
credit varies depending on the building's location and the type of
improvements and shall be extended to the county of Kings.
§ 2. This act shall take effect immediately and shall expire and be
deemed repealed five years after such effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07987-01-3
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