Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to housing, construction and community development |
Feb 12, 2015 |
referred to housing, construction and community development |
Senate Bill S3578
2015-2016 Legislative Session
Sponsored By
(D, WF) 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
2015-S3578 (ACTIVE) - Details
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- New York City Administrative Code
- Laws Affected:
- Amd ยง26-405, NYC Ad Cd
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S6255
2011-2012: S1289
2013-2014: S833
2015-S3578 (ACTIVE) - Sponsor Memo
BILL NUMBER:S3578 TITLE OF BILL: An act to amend the administrative code of the city of New York, in relation to assessed valuation of property for purposes of adjustment of maximum rents PURPOSE: Clarifies the provision of the rent control law under which owners are entitled to "hardship" rent increases. SUMMARY OF PROVISIONS: Section One amends clause 1 of subparagraph (a) of paragraph 1 of subdivision g of section 26-405 of the administrative code of the city of New York to state valuation shall be current equalized assessed valuation established by the city based upon the appropriate tax class ratio which is established pursuant to article twelve of the real property tax law. Section Two provides that the provisions outlined in section One of the legislation shall be deemed to have been in full force and effect on or after September 30, 1997, and shall apply to any proceeding pending on the effective date of this act, or determined thereafter.
2015-S3578 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3578 2015-2016 Regular Sessions I N S E N A T E February 12, 2015 ___________ 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 administrative code of the city of New York, in relation to assessed valuation of property for purposes of adjustment of maximum rents THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of clause 1 of subparagraph (a) of paragraph 1 of subdivision g of section 26-405 of the administrative code of the city of New York is amended to read as follows: Such valuation shall be the current EQUALIZED assessed valuation established by the city BASED UPON THE APPROPRIATE TAX CLASS RATIO WHICH IS ESTABLISHED PURSUANT TO ARTICLE TWELVE OF THE REAL PROPERTY TAX LAW, which is in effect at the time of the filing of the application for an adjustment under this subparagraph [(a)]; provided that: S 2. The provisions of section one of this act shall be deemed to have been in full force and effect on and after September 30, 1997, and shall apply to any proceeding pending on the effective date of this act or determined thereafter. S 3. This act shall take effect immediately; provided that the amend- ments to section 26-405 of the city rent and rehabilitation law made by section one of this act shall remain in full force and effect only as long as the public emergency requiring the regulation and control of residential rents and evictions continues, as provided in subdivision 3 of section 1 of the local emergency housing rent control act. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08536-01-5
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