Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to housing, construction and community development |
Jan 21, 2009 |
referred to housing, construction and community development |
Senate Bill S930
2009-2010 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development 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
2009-S930 (ACTIVE) - Details
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Private Housing Finance Law
- Laws Affected:
- Amd ยง31, Priv Hous Fin L
- Versions Introduced in 2011-2012 Legislative Session:
-
S2321
2009-S930 (ACTIVE) - Summary
Provides that the maximum surcharge imposed on income of residents of limited-profit housing company rental units shall not be greater than the amount of the tax exemption and interest subsidy granted by the municipality to such resident as determined on an individual unit basis.
2009-S930 (ACTIVE) - Sponsor Memo
BILL NUMBER: S930 TITLE OF BILL : An act to amend the private housing finance law, in relation to the maximum surcharge that may be charged on income PURPOSE/SUMMARY OF PROVISIONS : This bill would add subdivision twelve to the Private Housing Finance Law Section 31 to limit the surcharge imposed on income of residents of Mitchell-Lama housing units to the amount of the tax exemption and interest subsidy granted by the municipality, as determined on an individual unit basis. JUSTIFICATION : Since the philosophical basis for the surcharge is to deprive those individuals who are able to afford greater rents special subsidy benefits, there can be no justification for imposing upon an individual payments exceeding that individual's subsidy benefits. EXISTING LAW : None. FISCAL IMPLICATIONS : None.
2009-S930 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 930 2009-2010 Regular Sessions I N S E N A T E January 21, 2009 ___________ Introduced by Sen. KRUGER -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the private housing finance law, in relation to the maximum surcharge that may be charged on income THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 31 of the private housing finance law is amended by adding a new subdivision 12 to read as follows: 12. THE MAXIMUM SURCHARGE IMPOSED SHALL, IN NO EVENT, BE GREATER THAN THE AMOUNT OF THE TAX EXEMPTION, IF ANY, GRANTED BY THE MUNICIPALITY, AS DETERMINED ON AN INDIVIDUAL UNIT BASIS. S 2. This act shall take effect on the first of July next succeeding the date on which it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06449-01-9
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.