Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 12, 2012 |
committee discharged and committed to rules |
Feb 21, 2012 |
notice of committee consideration - requested |
Jan 04, 2012 |
referred to housing, construction and community development |
Jan 05, 2011 |
referred to housing, construction and community development |
Senate Bill S903
2011-2012 Legislative Session
Sponsored By
(D, WF) 28th Senate District
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
2011-S903 (ACTIVE) - Details
- Current Committee:
- Senate Rules
- Law Section:
- New York City Administrative Code
- Laws Affected:
- Amd ยง26-405, NYC Ad Cd
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S6138
2013-2014: S3171
2015-2016: S2853
2017-2018: S3715
2011-S903 (ACTIVE) - Sponsor Memo
BILL NUMBER:S903 TITLE OF BILL: An act to amend the administrative code of the city of New York, in relation to reducing the amount of maximum rent increase collectible in one year PURPOSE OR GENERAL IDEA OF BILL: This bill reduces the maximum annual rent increase for rent controlled apartments in New York City from 7% percent to 3 percent. SUMMARY OF SPECIFIC PROVISIONS: Paragraph 5 of subdivision a of Section 26-405 of the New York City Rent Control Law is amended to limit automatic annual rent increases for rent controlled apartments to three percent. JUSTIFICATION: The New York City Rent Control Law was amended in 1971 to create the Maximum Base Rent system of automatic annual rent increases. Maximum Base Rents (MBRs) are established every two years by the agency administering rent controls. The MBRs establish ceilings for rent increases. Within the MBR ceilings, rents are increased every year by
2011-S903 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 903 2011-2012 Regular Sessions I N S E N A T E (PREFILED) January 5, 2011 ___________ Introduced by Sen. KRUEGER -- 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 administrative code of the city of New York, in relation to reducing the amount of maximum rent increase collectible in one year THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 5 of subdivision a of section 26-405 of the administrative code of the city of New York is amended to read as follows: (5) Where a maximum rent established pursuant to this chapter on or after January first, nineteen hundred seventy-two, is higher than the previously existing maximum rent, the landlord may not collect more than [seven and one-half percentum] THREE PERCENT increase from a tenant in occupancy on such date in any one year period, provided however, that where the period for which the rent is established exceeds one year, regardless of how the collection thereof is averaged over such period, the rent the landlord shall be entitled to receive during the first twelve months shall not be increased by more than [seven and one-half percentum] THREE PERCENT over the previous rent and additional annual rents shall not exceed [seven and one-half percentum] THREE PERCENT of the rent paid during the previous year. Notwithstanding any of the fore- going limitations in this paragraph five, maximum rent shall be increased if ordered by the agency pursuant to subparagraphs (d), (e), (f), (g), (h), (i), (k), (l), (m) or (n) of paragraph one of subdivision g of this section. Commencing January first, nineteen hundred eighty, rent adjustments pursuant to subparagraph (n) of paragraph one of subdi- vision g of this section shall be excluded from the maximum rent when computing the [seven and one-half percentum] THREE PERCENT increase EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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