NY State Senate Bill 2025-S7285

Current Bill Status Via A6770 - Passed Senate

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

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Apr 29, 2025	returned to assembly passed senate 3rd reading cal.683 substituted for s7285
Apr 29, 2025	substituted by a6770
Apr 15, 2025	ordered to third reading cal.683 committee discharged and committed to rules
Apr 08, 2025	referred to local government

Votes

- Apr 29, 2025 - Floor Vote
  A6770
  
  58
  
  Aye
  
  3
  
  Nay
  
  0
  
  Absent
  
  1
  
  Excused
  
  0
  
  Abstained
  - - Floor Vote: Apr 29, 2025
      
      aye (58)
      
      Addabbo Jr.
      
      Ashby
      
      Bailey
      
      Baskin
      
      Borrello
      
      Brisport
      
      Brouk
      
      Bynoe
      
      Canzoneri-Fitzpatrick
      
      Chan
      
      Cleare
      
      Comrie
      
      Cooney
      
      Fahy
      
      Fernandez
      
      Gallivan
      
      Gianaris
      
      Gonzalez
      
      Gounardes
      
      Griffo
      
      Harckham
      
      Helming
      
      Hinchey
      
      Hoylman-Sigal
      
      Jackson
      
      Kavanagh
      
      Krueger
      
      Lanza
      
      Liu
      
      Martinez
      
      Martins
      
      Mattera
      
      May
      
      Mayer
      
      Murray
      
      Myrie
      
      O'Mara
      
      Oberacker
      
      Ortt
      
      Palumbo
      
      Parker
      
      Persaud
      
      Ramos
      
      Rhoads
      
      Rivera
      
      Rolison
      
      Ryan
      
      Ryan
      
      Salazar
      
      Scarcella-Spanton
      
      Sepúlveda
      
      Serrano
      
      Stavisky
      
      Stec
      
      Stewart-Cousins
      
      Tedisco
      
      Webb
      
      Weber
      
      nay (3)
      
      Skoufis
      
      Walczyk
      
      Weik
      
      excused (1)
      
      Sanders Jr.
  Apr 15, 2025 - Rules Committee Vote
  S7285
  
  12
  
  Aye
  
  1
  
  Nay
  
  3
  
  Aye with Reservations
  
  0
  
  Absent
  
  5
  
  Excused
  
  0
  
  Abstained
  - - Rules Committee Vote: Apr 15, 2025
      
      aye (12)
      
      Comrie
      
      Fernandez
      
      Gianaris
      
      Harckham
      
      Hoylman-Sigal
      
      Liu
      
      Mayer
      
      Myrie
      
      Ortt
      
      Sepúlveda
      
      Stec
      
      Stewart-Cousins
      
      nay (1)
      
      Walczyk
      
      aye wr (3)
      
      Griffo
      
      Krueger
      
      Lanza
      
      excused (5)
      
      Addabbo Jr.
      
      Bailey
      
      Gallivan
      
      Helming
      
      Parker

co-Sponsors

2025-S7285 (ACTIVE) - Details

See Assembly Version of this Bill:: A6770
Law Section:: Real Property Tax Law
Laws Affected:: Amd §485-r, RPT L

2025-S7285 (ACTIVE) - Summary

Relates to expanding the applicability of the residential redevelopment inhibited property exemption to all cities, town, or villages in the state.

2025-S7285 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S7285

SPONSOR: RYAN S
 
TITLE OF BILL:

An act to amend the real property tax law, in relation to the applica-
bility of the residential redevelopment inhibited property exemption to
all localities in the state

 
PURPOSE OR GENERAL IDEA OF BILL:

The purpose of this bill is to make the redevelopment inhibited property
tax exemption available statewide.

 
SUMMARY OF PROVISIONS:

Section 1: amends the title of section 485-r of the real property tax
law to remove the specification that the exemption applies to certain
cities.

Section 2: amends the definitions in section 485-r of the real property
tax law to remove the definition of "city," effectively expanding the

eligibility. of this exemption to include all cities.

Section 3: amends subdivision 2 of section 485-r of the real property
tax law to expand the 'redevelopment inhibited property tax exemption's
eligibility to towns and villages.

Section 4: makes technical changes to subdivision 3 of section 485-r of
the real property tax law to specify that the redevelopment inhibited
property tax exemption shall be available to cities, towns, and villages
following the passage of a local law.

Section 5: amends subdivision 4 of section 485-r of the real property
tax law to establish that eligible properties include one to four-unit
residences occupied as the primary residence of the owner or a tenant.

Section 6: makes technical changes to subdivision 6 of section 485-r of
the real property tax law.

Section 7: effective date.

 
JUSTIFICATION:

Enactment of this bill is necessary because it would expand availability
of a tax incentive to provide for the development of vacant properties
into housing.

 
PRIOR LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:

Undetermined.

 
EFFECTIVE DATE:
This act shall take effect on the thirtieth day after it shall have
become a law.

2025-S7285 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7285
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               April 8, 2025
                                ___________
 
 Introduced  by  Sen. S. RYAN -- 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  the  applica-
   bility  of  the residential redevelopment inhibited property exemption
   to all localities in the state

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The section heading of section 485-r of the real property
 tax law, as added by chapter 406 of the laws of 2015, is amended to read
 as follows:
   Residential  redevelopment  inhibited  property  exemption[;   certain
 cities].
   §  2.  Subdivision 1 of section 485-r of the real property tax law, as
 added by chapter 406 of the laws of 2015 and paragraph (f) as amended by
 chapter 28 of the laws of 2016, is amended to read as follows:
   1. As used in this section, the following terms shall have the follow-
 ing meanings:
   (a) "Redevelopment inhibited property" shall mean a residential  prop-
 erty  that has been neglected or abandoned because of the local economic
 conditions and/or conditions on the property that inhibit such  property
 from being redeveloped by the private sector AS DESCRIBED IN SUBDIVISION
 THREE  OF  THIS  SECTION.  Redevelopment  inhibited  property  shall not
 include land that is undeveloped.
   (b) "Gap financing costs" shall mean the total cost of the  property's
 redevelopment  as  approved  by  the  city,  TOWN,  OR VILLAGE minus the
 increase in the full valuation of the property upon  completion  of  the
 redevelopment.
   (c) "Base assessment" shall mean the assessed value of the property on
 the day the city, TOWN, OR VILLAGE designates the property as redevelop-
 ment inhibited.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10643-01-5
 S. 7285                             2

 
   (d)  "Increased assessment" shall mean the assessed value of the prop-
 erty as determined by the assessor upon completion of the redevelopment.
   (e)  "Incremental  increase  in  annual property taxes" shall mean the
 taxes based on the increased assessment minus the  taxes  based  on  the
 base assessment.
   [(f)  "City"  shall  mean  a  city  with a population of not less than
 fifteen thousand two hundred fifty and not more  than  fifteen  thousand
 five hundred as determined by the latest federal decennial census.]
   §  3.  Subdivision 2 of section 485-r of the real property tax law, as
 added by chapter 406 of the laws of 2015, is amended to read as follows:
   2. A city, TOWN, OR  VILLAGE  may,  by  local  law,  provide  for  the
 exemption  of  real  property from taxation as provided in this section.
 Subsequent to the adoption of such local law, the county in  which  such
 city,  TOWN,  OR  VILLAGE  is  located may after a public hearing and by
 local law, and any school district, all or part of which is  located  in
 such  city,  TOWN,  OR VILLAGE, may, by resolution, exempt such property
 from its taxation in the same manner and to the same extent as the city,
 TOWN, OR VILLAGE has done.
   § 4. Subdivision 3 of section 485-r of the real property tax  law,  as
 added by chapter 406 of the laws of 2015, is amended to read as follows:
   3.  A LOCAL LAW ADOPTED BY A city, TOWN, OR VILLAGE PURSUANT TO SUBDI-
 VISION TWO OF THIS SECTION shall designate  any  property  within  [the]
 SUCH  city,  TOWN,  OR VILLAGE'S boundaries as a redevelopment inhibited
 property if one or more of the following are met:
   (a) the city, TOWN, OR VILLAGE has  acquired  title  to  the  property
 pursuant  to  article  nineteen-A  of  the  real  property  actions  and
 proceedings law; or
   (b) the property has been continuously vacant for a period of at least
 three years; or
   (c) the COUNTY, city, TOWN OR VILLAGE IN WHICH THE PROPERTY IS LOCATED
 has acquired title to the property  via  foreclosure  for  unpaid  taxes
 pursuant to article eleven of this chapter; or
   (d)  the  property  has  outstanding  zoning, housing, or uniform code
 violations and the cost of remedying the violations exceeds the  proper-
 ty's value.
   §  5.  Subdivision 4 of section 485-r of the real property tax law, as
 added by chapter 406 of the laws of 2015, is amended to read as follows:
   4. (a) Upon the adoption of such local  law,  redevelopment  inhibited
 property  shall be exempt from taxation and special ad valorem levies to
 the extent of any increase in value attributable to  demolition,  alter-
 ation, rehabilitation, or remediation pursuant to the following require-
 ments:
   (i)  the  demolition,  alterations, rehabilitation, and/or remediation
 shall be permitted by the [city's] APPLICABLE bureau of inspection  such
 that  building  or  plumbing  permits issued and said demolition, alter-
 ations, rehabilitation, and/or remediation shall have met all  necessary
 approvals  per the applicable New York state uniform fire prevention and
 building code, the [city's] APPLICABLE municipal code and  the  [city's]
 APPLICABLE bureau of inspection upon completion; and
   (ii)  the  property  for  which  the  exemption is sought shall be [an
 owner-occupied one-family residence] A ONE TO  FOUR-UNIT  RESIDENCE  AND
 OCCUPIED AS THE PRIMARY RESIDENCE OF THE OWNER OR A TENANT; and
   (iii)  the  owner of such property shall file annually an affidavit of
 residency with the assessor of the city, TOWN, OR VILLAGE on  or  before
 the appropriate taxable status date [of such city], confirming continued
 S. 7285                             3
 
 [owner-occupancy]  OCCUPANCY of the property BY THE OWNER OR A TENANT AS
 THEIR PRIMARY RESIDENCE; and
   (iv)  the redevelopment inhibited property is exempt from taxation and
 special ad valorem levies attributable to the increased assessment minus
 the taxes and special ad valorem levies imposed on the base  assessment.
 Such exemption shall not apply to special assessments.
   (b)  In  the  event the property granted an exemption pursuant to this
 section ceases to be [owner-occupied] OCCUPIED AS THE PRIMARY  RESIDENCE
 OF  THE  OWNER  OR TENANT and/or the affidavit of residency is not filed
 annually for the approved exemption period, the exemption granted pursu-
 ant to this section shall cease.
   (c) In the event the property granted an exemption  pursuant  to  this
 section  ceases  to  be  a  [one-family]  ONE TO FOUR-UNIT dwelling, the
 exemption granted pursuant to this section shall cease.
   (d) In the event the owner of the property is convicted of a violation
 or misdemeanor pursuant to New York state uniform  fire  prevention  and
 building  code  or the [city's] APPLICABLE municipal code, the exemption
 granted pursuant to this section shall cease.
   § 6. Subdivision 6 of section 485-r of the real property tax  law,  as
 added by chapter 406 of the laws of 2015, is amended to read as follows:
   6.  (a)  Such  exemption shall be granted only upon application by the
 owner of such building for the residential redevelopment inhibited prop-
 erty exemption, on a form prescribed by the city, TOWN, OR VILLAGE. Such
 application must be filed with  the  assessor  of  the  city,  TOWN,  OR
 VILLAGE on or before the appropriate taxable status date [of such city].
 The  application  must  be filed with the assessor of the city, TOWN, OR
 VILLAGE within three years from the date of completing  the  demolition,
 alterations, rehabilitation, and/or remediation.
   (b)  The  owner  filing for such exemption shall not be required to be
 the owner responsible for completing the demolition, alterations,  reha-
 bilitation, and/or remediation.
   (c)  If the assessor is satisfied that the applicant is entitled to an
 exemption pursuant to this section, [he  or  she]  SUCH  ASSESSOR  shall
 approve  the  application  and  such  real  property shall thereafter be
 exempt from taxation and special ad valorem levies by the city, TOWN, OR
 VILLAGE commencing with the assessment roll prepared after  the  taxable
 status  date  referred to in this subdivision. The assessed value of any
 exemption granted pursuant to this  section  shall  be  entered  by  the
 assessor  of  the city, TOWN, OR VILLAGE on the assessment roll with the
 taxable property, with the amount of the exemption shown in  a  separate
 column.
   (d)  Once  granted,  the  residential redevelopment inhibited property
 exemption runs with the land for the exemption period pursuant  to  this
 section.
   §  7.  This  act shall take effect on the thirtieth day after it shall
 have become a law.

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Senate Bill S7285

Sponsored By

Current Bill Status Via A6770 - Passed Senate

Apr 29, 2025 - Floor Vote

Floor Vote: Apr 29, 2025

Apr 15, 2025 - Rules Committee Vote

Rules Committee Vote: Apr 15, 2025

co-Sponsors

2025-S7285 (ACTIVE) - Details

2025-S7285 (ACTIVE) - Summary

2025-S7285 (ACTIVE) - Sponsor Memo

2025-S7285 (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S7285

Share this bill

Sponsored By

Sean M. Ryan

Current Bill Status Via A6770 - Passed Senate

co-Sponsors

Lea Webb

2025-S7285 (ACTIVE) - Details

2025-S7285 (ACTIVE) - Summary

2025-S7285 (ACTIVE) - Sponsor Memo

2025-S7285 (ACTIVE) - Bill Text download pdf

Comments