Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 05, 2018 |
referred to real property taxation |
Assembly Bill A9757
2017-2018 Legislative Session
Sponsored By
ROSENTHAL D
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
Actions
2017-A9757 (ACTIVE) - Details
- See Senate Version of this Bill:
- S5874
- Current Committee:
- Assembly Real Property Taxation
- Law Section:
- Private Housing Finance Law
- Laws Affected:
- Amd §33, Priv Hous Fin L; amd §§458-a & 467, RPT L; amd §11-245.4, NYC Ad Cd
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
A9306
2015-2016: A52
2019-2020: S3913
2017-A9757 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9757 I N A S S E M B L Y February 5, 2018 ___________ Introduced by M. of A. D. ROSENTHAL -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the private housing finance law, the real property tax law and the administrative code of the city of New York, in relation to limited-profit housing companies and tax exemptions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 33 of the private housing finance law is amended by adding a new subdivision 7 to read as follows: 7. NOTHING CONTAINED IN THIS SECTION SHALL BE CONSTRUED TO LIMIT OR OTHERWISE IMPAIR THE BENEFITS AVAILABLE TO ANY COMPANY OR RESIDENT ELIGIBLE FOR EXEMPTION FROM TAXATION PURSUANT TO SECTIONS FOUR HUNDRED TWENTY-FIVE, FOUR HUNDRED FIFTY-EIGHT, FOUR HUNDRED FIFTY-NINE AND FOUR HUNDRED SIXTY-SEVEN OF THE REAL PROPERTY TAX LAW. § 2. Paragraph (c) of subdivision 6 of section 458-a of the real prop- erty tax law, as added by chapter 171 of the laws of 1997, is amended to read as follows: (c) [Notwithstanding paragraph (b) of this subdivision, a] A tenant- stockholder who resides in a dwelling that is subject to the provisions of either article two, four, five or eleven of the private housing finance law shall [not] be eligible for an exemption pursuant to this section. § 3. Paragraph (c) of subdivision 3-a of section 467 of the real prop- erty tax law, as amended by chapter 49 of the laws of 1996, is amended to read as follows: (c) Real property may be exempt from taxation pursuant to this subdi- vision by a municipality in which such property is located only if the governing board of such municipality, after public hearing, adopts a local law, ordinance or resolution providing therefor. [Notwithstanding any provision of law to the contrary, any] ANY local law, ordinance or resolution adopted pursuant to this paragraph may provide, or be amended to provide, that a tenant-stockholder who resides in a dwelling which is subject to the provisions of either article two, four, five or eleven of the private housing finance law and who is eligible for a rent increase EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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