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Assembly Bill A1193A

2025-2026 Legislative Session

Provides tax abatement related to the removal of leaded paint

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Current Bill Status - In Assembly Committee

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Bill Amendments

2025-A1193 - Details

Current Committee:
Assembly Ways And Means
Law Section:
Real Property Tax Law
Laws Affected:
Add §467-o, RPT L
Versions Introduced in Other Legislative Sessions:
2013-2014: A4334
2015-2016: A3204
2017-2018: A2237
2019-2020: A6705
2021-2022: A4397
2023-2024: A1041

2025-A1193 - Summary

Provides tax abatement related to the removal of lead-based paint; defines terms.

2025-A1193 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1193
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 9, 2025
                                ___________
 
 Introduced  by  M. of A. PEOPLES-STOKES -- read once and referred to the
   Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation  to  providing  a
   tax abatement related to the removal of leaded paint
 
   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 467-o to read as follows:
   §  467-O.  ABATEMENT OF REAL PROPERTY TAXES FOR THE COST OF LEAD-BASED
 PAINT REMEDIATION TO CERTAIN RESIDENTIAL RENTAL BUILDINGS.  1.  RESIDEN-
 TIAL  RENTAL  BUILDINGS  WHERE LEAD-BASED PAINT REMEDIATION IS COMPLETED
 SUBSEQUENT TO THE EFFECTIVE DATE OF A LOCAL LAW  OR  RESOLUTION  ADOPTED
 PURSUANT  TO THIS SECTION SHALL RECEIVE A REAL PROPERTY TAX ABATEMENT TO
 THE EXTENT PROVIDED IN THIS SECTION. AFTER A PUBLIC HEARING, THE GOVERN-
 ING BOARD OF A CITY MAY ADOPT A LOCAL LAW TO GRANT THE ABATEMENT AUTHOR-
 IZED PURSUANT TO THIS SECTION. A COPY OF SUCH LOCAL  LAW  OR  RESOLUTION
 SHALL BE FILED WITH THE COMMISSIONER AND THE ASSESSOR OF SUCH CITY.
   2. AS USED IN THIS SECTION:
   A.  "LEAD-BASED  PAINT  REMEDIATION"  SHALL  MEAN  ANY SET OF MEASURES
 DESIGNED TO PERMANENTLY ELIMINATE LEAD-BASED PAINT OR  LEAD-BASED  PAINT
 HAZARDS.   REMEDIATION INCLUDES: (I) THE REMOVAL OF LEAD-BASED PAINT AND
 DUST LEAD HAZARDS, THE PERMANENT ENCLOSURE  OR  ENCAPSULATION  OF  LEAD-
 BASED  PAINT,  THE  REPLACEMENT  OF  COMPONENTS OR FIXTURES PAINTED WITH
 LEAD-BASED PAINT, AND THE REMOVAL OR  PERMANENT  COVERING  OF  SOIL-LEAD
 HAZARDS;  AND (II) ALL PREPARATION, CLEANUP, DISPOSAL AND POST ABATEMENT
 CLEARANCE TESTING ASSOCIATED WITH SUCH MEASURES. REMEDIATION  SHALL  NOT
 INCLUDE  RENOVATION,  REMODELING,  LANDSCAPING OR OTHER ACTIVITIES, WHEN
 SUCH ACTIVITIES ARE NOT DESIGNED  TO  PERMANENTLY  ELIMINATE  LEAD-BASED
 PAINT HAZARDS, BUT, INSTEAD, ARE DESIGNED TO REPAIR, RESTORE, OR REMODEL
 A  GIVEN  STRUCTURE  OR DWELLING, EVEN THOUGH THESE ACTIVITIES MAY INCI-
 DENTALLY RESULT IN  A  REDUCTION  OR  ELIMINATION  OF  LEAD-BASED  PAINT
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02974-01-5
              

2025-A1193A (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Real Property Tax Law
Laws Affected:
Add §467-o, RPT L
Versions Introduced in Other Legislative Sessions:
2013-2014: A4334
2015-2016: A3204
2017-2018: A2237
2019-2020: A6705
2021-2022: A4397
2023-2024: A1041

2025-A1193A (ACTIVE) - Summary

Provides tax abatement related to the removal of lead-based paint; defines terms.

2025-A1193A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1193--A
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 9, 2025
                                ___________
 
 Introduced  by  M. of A. PEOPLES-STOKES -- 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  providing  a
   tax abatement related to the removal of leaded paint
 
   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 467-o to read as follows:
   §  467-O.  ABATEMENT OF REAL PROPERTY TAXES FOR THE COST OF LEAD-BASED
 PAINT REMEDIATION TO CERTAIN RESIDENTIAL RENTAL BUILDINGS.  1.  AFTER  A
 PUBLIC  HEARING,  THE GOVERNING BOARD OF A COUNTY, CITY, VILLAGE OR TOWN
 MAY ADOPT A LOCAL LAW OR RESOLUTION PROVIDING FOR A  REAL  PROPERTY  TAX
 ABATEMENT FOR THE COST OF LEAD-BASED PAINT REMEDIATION IN ELIGIBLE PROP-
 ERTIES,  AS PROVIDED IN THIS SECTION. AN ELIGIBLE PROPERTY IN SUCH MUNI-
 CIPALITY SHALL BE ELIGIBLE TO RECEIVE  AN  ABATEMENT  PURSUANT  TO  THIS
 SECTION  WHERE LEAD-BASED PAINT REMEDIATION IS COMPLETED ON OR AFTER THE
 EFFECTIVE DATE OF SUCH LOCAL LAW OR RESOLUTION. A COPY OF SUCH LOCAL LAW
 OR RESOLUTION SHALL BE FILED WITH THE COMMISSIONER AND THE  ASSESSOR  OF
 SUCH COUNTY, CITY, VILLAGE OR TOWN.
   2. AS USED IN THIS SECTION:
   A.  (I)  "LEAD-BASED PAINT REMEDIATION" SHALL MEAN ANY SET OF MEASURES
 DESIGNED TO PERMANENTLY ELIMINATE LEAD-BASED PAINT OR  LEAD-BASED  PAINT
 HAZARDS.    REMEDIATION INCLUDES (1) THE REMOVAL OF LEAD-BASED PAINT AND
 DUST LEAD HAZARDS, THE PERMANENT ENCLOSURE  OR  ENCAPSULATION  OF  LEAD-
 BASED  PAINT,  THE  REPLACEMENT  OF  COMPONENTS OR FIXTURES PAINTED WITH
 LEAD-BASED PAINT, AND THE REMOVAL OR  PERMANENT  COVERING  OF  SOIL-LEAD
 HAZARDS;  AND  (2) ALL PREPARATION, CLEANUP, DISPOSAL AND POST ABATEMENT
 CLEARANCE TESTING ASSOCIATED WITH SUCH MEASURES.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02974-02-6
              

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