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

                                 9074--A

                          I N  A S S E M B L Y

                            January 21, 2016
                               ___________

Introduced by M. of A. BICHOTTE -- read once and referred to the Commit-
  tee  on  Real Property Taxation -- 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 a minority and
  women-owned business  enterprise  participation  goal  requirement  in
  order  to receive exemption of new multiple dwellings from local taxa-
  tion for the purpose of fixing economic disparity

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

  Section 1. Subdivision 2 of section 421-a of the real property tax law
is amended by adding a new closing paragraph to read as follows:
  ANY  NEW  MULTIPLE  DWELLING  OTHERWISE ELIGIBLE FOR AN EXEMPTION FROM
TAXATION UNDER THIS SECTION MUST ALSO BE IN COMPLIANCE  WITH  THE  GOALS
FOR  MINORITY AND WOMEN-OWNED BUSINESS ENTERPRISE PARTICIPATION PURSUANT
TO SECTIONS THREE HUNDRED TWELVE AND THREE HUNDRED THIRTEEN OF THE EXEC-
UTIVE LAW. NOTHING IN THIS SECTION SHALL SUPERSEDE AN APPLICANT'S ABILI-
TY TO USE A WAIVER AS PRESCRIBED BY SUCH SECTIONS.
  S 2. The opening paragraph of paragraph a of subdivision 3 of  section
421-a of the real property tax law, as amended by section 63-g of part A
of chapter 20 of the laws of 2015, is amended to read as follows:
  Application forms for exemption under this section shall be filed with
the  assessors  between February first and March fifteenth and, based on
the certification of the local housing agency as  herein  provided,  the
assessors shall certify to the collecting officer the amount of taxes to
be  abated.  If  there  be in a city of one million population or more a
department of housing preservation and development,  the  term  "housing
agency"  shall  mean  only  such  department of housing preservation and
development. No such application shall  be  accepted  by  the  assessors
unless accompanied by a certificate of the local housing agency certify-
ing the applicant's eligibility pursuant to subdivisions two and four of
this  section.  No  such certification of eligibility shall be issued by
the local housing agency until such agency determines WHETHER THE APPLI-
CANT IS IN FULL COMPLIANCE WITH THE PROVISIONS OF SECTIONS THREE HUNDRED
TWELVE AND THREE HUNDRED THIRTEEN OF THE EXECUTIVE LAW, AND the  initial

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

                                                           LBD13614-02-6

A. 9074--A                          2

adjusted  monthly rent to be paid by tenants residing in rental dwelling
units  contained  within  the  multiple  dwelling  and  the  comparative
adjusted  monthly  rent that would have to be paid by such tenants if no
tax  exemption were applicable as provided by this section.  The initial
adjusted monthly rent will be certified by the local housing  agency  as
the  first  rent  for the subject dwelling units. A copy of such certif-
ication with respect to such units shall be attached by the applicant to
the first effective lease or occupancy agreement. The  initial  adjusted
monthly  rent  shall reflect the full tax exemption benefits as approved
by the agency.
  S 3. This act shall take effect immediately.