Assembly Bill A2206

2019-2020 Legislative Session

Establishes a demonstration program extending the J-51 tax exemption to the conversion and rehabilitation of commercial and manufacturing space to certain high density area in Kings county

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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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2019-A2206 (ACTIVE) - Details

See Senate Version of this Bill:
S5030
Current Committee:
Assembly Real Property Taxation
Law Section:
Kings County
Versions Introduced in Other Legislative Sessions:
2013-2014: S7606
2015-2016: A8584, S2730
2017-2018: A1049, S2359
2021-2022: S5431
2023-2024: S6829

2019-A2206 (ACTIVE) - Summary

Establishes a demonstration program extending the J-51 tax exemption to the conversion and rehabilitation of commercial and manufacturing space to co-located work space and residential units in certain high density areas in Kings county.

2019-A2206 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2206
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2019
                                ___________
 
 Introduced  by  M.  of  A.  RICHARDSON,  NIOU,  WALKER  -- read once and
   referred to the Committee on Real Property Taxation
 
 AN ACT to establish a  demonstration  program  extending  the  J-51  tax
   exemption to the conversion and rehabilitation of commercial and manu-
   facturing  space  to  co-located  work  space and residential units in
   certain high density areas in Kings  county;  and  providing  for  the
   repeal of such provisions upon expiration thereof
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. There is hereby  established  a  demonstration  program  to
 extend  the  provisions  of the J-51 tax exemption to the conversion and
 rehabilitation of commercial and manufacturing space to co-located  work
 space  and  residential units in certain high density, underutilized M-1
 zoned properties in Kings county. For purposes of this section, J-51  is
 a  property  tax  exemption  and  abatement for renovating a residential
 apartment building in certain counties of the city  of  New  York.  Such
 credit  varies  depending  on  the  building's  location and the type of
 improvements and shall be extended to the county of Kings.
   ยง 2. This act shall take effect immediately and shall  expire  and  be
 deemed repealed five years after such effective date.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04443-01-9

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