senate Bill S842

2023-2024 Legislative Session

Exempts real property of an applicable battery park city property from payments in lieu of taxes

download bill text pdf

Sponsored By

Current Bill Status - Passed Senate & Assembly


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

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Actions

view actions (9)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 01, 2023 returned to senate
passed assembly
ordered to third reading rules cal.77
substituted for a2353
Jan 24, 2023 referred to aging
delivered to assembly
passed senate
Jan 09, 2023 ordered to third reading cal.51
Jan 06, 2023 referred to rules

S842 (ACTIVE) - Details

See Assembly Version of this Bill:
A2353
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467-c, RPT L; amd Part C §1, Chap of 2022 (as proposed in S.9032-B & A.10414-A)

S842 (ACTIVE) - Summary

Makes clarifying changes to the exemption of real property of an applicable battery park city property from payments in lieu of taxes (PILOT).

S842 (ACTIVE) - Sponsor Memo

S842 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    842
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                              January 6, 2023
                                ___________
 
 Introduced  by Sen. KAVANAGH -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the real property tax law, in relation to exempting real
   property of an applicable battery park city property from payments  in
   lieu  of  taxes;  to  amend  a chapter of the laws of 2022 relating to
   directing the battery park city authority to extend its lease with the
   city of New York, as proposed in legislative bills numbers  S.  9032-B
   and A. 10414-A, in relation to directing the battery park city author-
   ity  to extend its restated and amended master lease by at least fifty
   years; and to repeal certain provisions of the real property  tax  law
   relating thereto
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The section heading, paragraphs b and i of  subdivision  1,
 subdivision 2, the opening paragraph of paragraph b of subdivision 3 and
 subdivisions  6,  7 and 8 of section 467-c of the real property tax law,
 as amended by part A of a chapter of the laws of 2022 amending the  real
 property  tax law relating to authorizing eligibility for SCRIE and DRIE
 for tenants of properties located in battery park city, as  proposed  in
 legislative  bills  numbers  S. 9032-B and A. 10414-A, are amended and a
 new paragraph n of subdivision 1 is added to read as follows:
   Exemption for property owned by certain housing companies  or  [leased
 by] SUBLESSEES OF the battery park city authority and occupied by senior
 citizens or persons with disabilities.
   b.  "Dwelling unit" means that part of a dwelling in which an eligible
 head of the household resides and (1) which is subject to the provisions
 of[: (1)] Article II, IV, V, or XI of the private housing  finance  law;
 or (2) [that part of a dwelling] which was or continues to be subject to
 a mortgage insured or initially insured by the federal government pursu-
 ant  to  section  two  hundred  thirteen of the National Housing Act, as
 amended, in which an eligible head of the household resides; or  (3)  [a

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04140-01-3

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