Assembly Bill A11104

2019-2020 Legislative Session

Reduces certain commercial rent taxes during the COVID-19 state disaster emergency

download bill text pdf

Sponsored By

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2019-A11104 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
New York City Administrative Code
Laws Affected:
Amd §11-704, NYC Ad Cd
Versions Introduced in 2021-2022 Legislative Session:
A3070

2019-A11104 (ACTIVE) - Summary

Reduces certain commercial rent taxes for premises located in the borough of Manhattan south of the center line of ninety-sixth street during the COVID-19 state disaster emergency.

2019-A11104 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   11104
 
                           I N  A S S E M B L Y
 
                             November 6, 2020
                                ___________
 
 Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Epstein) --
   read once and referred to the Committee on Ways and Means
 
 AN ACT to amend the administrative code of the  city  of  New  York,  in
   relation to reducing certain commercial rent taxes during the COVID-19
   state disaster emergency
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph 2 of subdivision  h  of  section  11-704  of  the
 administrative  code  of  the  city of New York, as amended by local law
 number 63 of the city of New York for the year 1997, is amended to  read
 as follows:
   (2)  In  the  case  of  any taxable premises located in the borough of
 Manhattan south of the center line of ninety-sixth street, the base rent
 for such premises shall be reduced by (i) fifteen percent for the period
 beginning March first, nineteen hundred ninety-six and ending May  thir-
 ty-first,  nineteen hundred ninety-six, (ii) twenty-five percent for the
 period beginning June first,  nineteen  hundred  ninety-six  and  ending
 August  thirty-first,  nineteen  hundred ninety-eight, and (iii) thirty-
 five percent for periods beginning  September  first,  nineteen  hundred
 ninety-eight  and  thereafter, such reduction to be made after all other
 exemptions and deductions authorized by this chapter  have  been  taken,
 EXCEPT  THAT  THE  BASE  RENT FOR SUCH PREMISES WITH A BASE RENT OF LESS
 THAN ONE MILLION DOLLARS PER  YEAR  SHALL  BE  REDUCED  BY  ONE  HUNDRED
 PERCENT  FOR  THE  PERIOD  BEGINNING JUNE FIRST, TWO THOUSAND TWENTY AND
 ENDING ON THE DAY PRIOR TO THE COMMENCEMENT OF THE TAX PERIOD SUCCEEDING
 THE LATER OF THE EXPIRATION OF THE  STATE  DISASTER  EMERGENCY  DECLARED
 PURSUANT  TO  EXECUTIVE  ORDER TWO HUNDRED TWO OF TWO THOUSAND TWENTY OR
 THE STATE OF EMERGENCY DECLARED BY THE MAYOR'S EMERGENCY EXECUTIVE ORDER
 NINETY-EIGHT, PUBLISHED MARCH TWELFTH, TWO THOUSAND TWENTY, AS EXTENDED.
   § 2. This act shall take effect immediately.
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD17511-01-0

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.