Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 18, 2010 |
referred to rules |
Jun 17, 2010 |
delivered to senate passed assembly |
May 20, 2010 |
advanced to third reading cal.918 |
May 17, 2010 |
reported |
May 04, 2010 |
reported referred to ways and means |
Mar 16, 2010 |
referred to real property taxation |
Assembly Bill A10270
2009-2010 Legislative Session
Sponsored By
SWEENEY
Archive: Last Bill Status - In Senate Committee Rules 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
Actions
co-Sponsors
Marc Alessi
Joan Christensen
Aileen Gunther
Ginny Fields
multi-Sponsors
Peter Abbate
James F. Brennan
Francine DelMonte
Michael DenDekker
2009-A10270 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7154
- Current Committee:
- Senate Rules
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd ยง457, RPT L
- Versions Introduced in 2011-2012 Legislative Session:
-
A5028, S3176
2009-A10270 (ACTIVE) - Sponsor Memo
BILL NUMBER:A10270 TITLE OF BILL: An act to amend the real property tax law, in relation to extending the date allowable for exemptions for first-time homebuyers of newly constructed homes PURPOSE OR GENERAL IDEA OF THE BILL: The purpose of this bill is to authorize municipal entities to continue the first-time homebuyer program. The program provides localities with an option to allow for a partial real property tax exemption for first-time homebuyers of newly constructed homes. SUMMARY OF PROVISIONS: The bill amends subdivision 4 of section 457 of the Real Property Tax Law by continuing the authorization for localities to authorize property tax exemptions for first time homebuyers of newly constructed homes until 2015, rather than 2010. JUSTIFICATION: Home ownership is the most potent form of economic stimu- lus. When someone purchases a home, they generate economic activity in every sector from construction, finishing, furnishing and more. New homeowners purchase appliances, upkeep equipment and tools, plumbing and electrical services, insurance and more. The purchase of new homes contributes to the community, encouraging the homeowners to take root and participate in public schools and local governments. Encouraging the construction of new homes is critical to
2009-A10270 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10270 I N A S S E M B L Y March 16, 2010 ___________ Introduced by M. of A. SWEENEY, ALESSI, CHRISTENSEN, GUNTHER, FIELDS, CAHILL, WRIGHT, COLTON, PHEFFER, JAFFEE, KOON, LAVINE, SKARTADOS, GIBSON, HIKIND, BOYLAND, BENEDETTO, SCHROEDER, MAISEL, SPANO, RAMOS, CARROZZA -- Multi-Sponsored by -- M. of A. ABBATE, DelMONTE, DenDEKK- ER, GOTTFRIED, HEASTIE, JEFFRIES, LUPARDO, MAGEE, MARKEY, MILLMAN, THIELE, TITONE, WEISENBERG -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to extending the date allowable for exemptions for first-time homebuyers of newly constructed homes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 5 of section 457 of the real property tax law, as amended by chapter 657 of the laws of 2005, is amended to read as follows: 5. No exemption shall be allowed pursuant to this section for any newly constructed primary residential property purchased by a first-time homebuyer on or after December thirty-first, two thousand [ten] FIFTEEN, unless such purchase is pursuant to a binding written contract entered into prior to December thirty-first, two thousand [ten] FIFTEEN. Provided, however, that any first-time homebuyer who is allowed an exemption pursuant to this section prior to such date shall continue to be allowed further exemptions pursuant to subdivision one of this section. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD16305-01-0
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.