Senate Bill S2894

2011-2012 Legislative Session

Exempts new multiple dwellings from local taxation

download bill text pdf

Sponsored By

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

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2011-S2894 (ACTIVE) - Details

See Assembly Version of this Bill:
A2696
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง421-a, RPT L
Versions Introduced in Other Legislative Sessions:
2013-2014: S1819
2015-2016: S3753

2011-S2894 (ACTIVE) - Summary

Exempts new multiple dwellings from local taxation; extends period until June 15, 2011.

2011-S2894 (ACTIVE) - Sponsor Memo

2011-S2894 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2894

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            February 3, 2011
                               ___________

Introduced by Sen. ESPAILLAT -- 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 real property tax law, in relation to exemptions  of
  new multiple dwellings from local taxation

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The opening paragraph of item (A) of subparagraph  (iv)  of
paragraph (a) of subdivision 2 of section 421-a of the real property tax
law,  as  amended by chapter 618 of the laws of 2007, is amended to read
as follows:
  Unless excluded by local law, in the city of New York, the benefits of
this subparagraph shall be available in the borough of Manhattan for new
multiple dwellings on tax lots now existing or hereafter  created  south
of or adjacent to either side of one hundred tenth street which commence
construction  after  July  first, nineteen hundred ninety-two and before
[December twenty-eighth] JUNE FIFTEENTH, two thousand [ten] ELEVEN  only
if:
  S  2.  Subparagraph  (ii) of paragraph (c) of subdivision 2 of section
421-a of the real property tax law, as amended by  chapter  618  of  the
laws of 2007, is amended to read as follows:
  (ii)  construction  is commenced after January first, nineteen hundred
seventy-five and before [December  twenty-eighth]  JUNE  FIFTEENTH,  two
thousand  [ten]  ELEVEN provided, however, that such commencement period
shall not apply  to  multiple  dwellings  eligible  for  benefits  under
subparagraph (iv) of paragraph (a) of this subdivision;
  S  3.  This  act  shall take effect immediately and shall be deemed to
have been in full force and effect on and after December 28, 2010.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07027-02-1

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