Assembly Bill A579B

2015-2016 Legislative Session

Relates to the eligibility of J-51 tax abatements to reflect cost of living adjustments

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Archive: Last Bill Status - In Assembly 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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Bill Amendments

co-Sponsors

multi-Sponsors

2015-A579 - Details

See Senate Version of this Bill:
S1125
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §489, RPT L
Versions Introduced in Other Legislative Sessions:
2013-2014: A8566, S6362
2017-2018: A1203, S1487
2019-2020: A2092, A8352, S3985

2015-A579 - Summary

Relates to the eligibility of J-51 tax abatements to reflect cost of living adjustments.

2015-A579 - Bill Text download pdf 

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

                                   579

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced by M. of A. BRAUNSTEIN, BENEDETTO, MOSLEY, JAFFEE, DenDEKKER,
  COLTON,  O'DONNELL  --  Multi-Sponsored  by  -- M. of A. CAMARA, COOK,
  HIKIND, LALOR, RIVERA -- read once and referred to  the  Committee  on
  Real Property Taxation

AN  ACT to amend the real property tax law, in relation to the eligibil-
  ity for J-51 tax abatements to reflect cost of living adjustments

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

  Section 1. Subdivision 17 of section 489 of the real property tax law,
as  added  by  chapter  4  of  the  laws  of 2013, is amended to read as
follows:
  17. (a) For purposes of this  subdivision,  "substantial  governmental
assistance" shall mean:
  (i) grants, loans or subsidies from any federal, state or local agency
or  instrumentality  in  furtherance of a program for the development of
affordable housing approved by  the  local  housing  agency,  including,
without  limitation, financing or insurance provided by the state of New
York mortgage agency of the New York city residential mortgage insurance
corporation; or
  (ii) a written agreement between a  housing  development  fund  corpo-
ration  and  the  local  housing  agency limiting the incomes of persons
entitled to purchase shares or rent housing accommodations therein.
  (b) Any local law or ordinance providing for benefits pursuant to this
section must also provide the following  with  respect  to  conversions,
alterations or improvements completed on or after December thirty-first,
two thousand eleven:
  (i)  except  as  otherwise  provided  in  this section with respect to
multiple dwellings, buildings and structures owned and  operated  either
by  limited-profit housing companies established pursuant to article two
of the private housing finance law  or  redevelopment  companies  estab-

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

co-Sponsors

multi-Sponsors

2015-A579A - Details

See Senate Version of this Bill:
S1125
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §489, RPT L
Versions Introduced in Other Legislative Sessions:
2013-2014: A8566, S6362
2017-2018: A1203, S1487
2019-2020: A2092, A8352, S3985

2015-A579A - Summary

Relates to the eligibility of J-51 tax abatements to reflect cost of living adjustments.

2015-A579A - Bill Text download pdf 

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

                                 579--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced by M. of A. BRAUNSTEIN, BENEDETTO, MOSLEY, JAFFEE, DenDEKKER,
  COLTON,  O'DONNELL  --  Multi-Sponsored  by  -- M. of A. COOK, HIKIND,
  LALOR, RIVERA -- read once and referred to the Committee on Real Prop-
  erty Taxation -- recommitted to the Committee on Real  Property  Taxa-
  tion  in  accordance  with  Assembly  Rule  3,  sec.  2  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN ACT to amend the real property tax law, in relation to the  eligibil-
  ity for J-51 tax abatements to reflect cost of living adjustments

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

  Section 1. Subdivision 17 of section 489 of the real property tax law,
as added by chapter 4 of the  laws  of  2013,  is  amended  to  read  as
follows:
  17.  (a)  For  purposes of this subdivision, "substantial governmental
assistance" shall mean:
  (i) grants, loans or subsidies from any federal, state or local agency
or instrumentality in furtherance of a program for  the  development  of
affordable  housing  approved  by  the  local housing agency, including,
without limitation, financing or insurance provided by the state of  New
York mortgage agency of the New York city residential mortgage insurance
corporation; or
  (ii)  a  written  agreement  between a housing development fund corpo-
ration and the local housing agency  limiting  the  incomes  of  persons
entitled to purchase shares or rent housing accommodations therein.
  (b) Any local law or ordinance providing for benefits pursuant to this
section  must  also  provide  the following with respect to conversions,
alterations or improvements completed on or after December thirty-first,
two thousand eleven:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02117-02-6

co-Sponsors

multi-Sponsors

2015-A579B (ACTIVE) - Details

See Senate Version of this Bill:
S1125
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §489, RPT L
Versions Introduced in Other Legislative Sessions:
2013-2014: A8566, S6362
2017-2018: A1203, S1487
2019-2020: A2092, A8352, S3985

2015-A579B (ACTIVE) - Summary

Relates to the eligibility of J-51 tax abatements to reflect cost of living adjustments.

2015-A579B (ACTIVE) - Bill Text download pdf 

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

                                 579--B

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced by M. of A. BRAUNSTEIN, BENEDETTO, MOSLEY, JAFFEE, DenDEKKER,
  COLTON,  O'DONNELL  --  Multi-Sponsored  by  -- M. of A. COOK, HIKIND,
  LALOR, RIVERA -- read once and referred to the Committee on Real Prop-
  erty Taxation -- recommitted to the Committee on Real  Property  Taxa-
  tion  in  accordance  with  Assembly  Rule  3,  sec.  2  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee -- again reported from said  committee  with  amend-
  ments, ordered reprinted as amended and recommitted to said committee

AN  ACT to amend the real property tax law, in relation to the eligibil-
  ity for J-51 tax abatements to reflect cost of living adjustments

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

  Section 1. Subdivision 17 of section 489 of the real property tax law,
as  added  by  chapter  4  of  the  laws  of 2013, is amended to read as
follows:
  17. (a) For purposes of this  subdivision,  "substantial  governmental
assistance" shall mean:
  (i) grants, loans or subsidies from any federal, state or local agency
or  instrumentality  in  furtherance of a program for the development of
affordable housing approved by  the  local  housing  agency,  including,
without  limitation, financing or insurance provided by the state of New
York mortgage agency of the New York city residential mortgage insurance
corporation; or
  (ii) a written agreement between a  housing  development  fund  corpo-
ration  and  the  local  housing  agency limiting the incomes of persons
entitled to purchase shares or rent housing accommodations therein.
  (b) Any local law or ordinance providing for benefits pursuant to this
section must also provide the following  with  respect  to  conversions,
alterations or improvements completed on or after December thirty-first,
two thousand eleven:

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

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