Assembly Bill A5604

2021-2022 Legislative Session

Relates to exemption from taxation of alterations and improvements to multiple dwellings

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

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2021-A5604 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §489, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: A5786
2011-2012: A7276
2013-2014: A3314
2015-2016: A3708
2017-2018: A7324
2019-2020: A6138
2023-2024: A4398

2021-A5604 (ACTIVE) - Summary

Relates to exemption from taxation of alterations and improvements to multiple dwellings by expanding certain provisions to include cities where the multiple residence law is applicable.

2021-A5604 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5604
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 22, 2021
                                ___________
 
 Introduced  by  M.  of  A.  FITZPATRICK, J. M. GIGLIO, MORINELLO, SALKA,
   TAGUE -- Multi-Sponsored by -- M. of A.  BARCLAY,  HAWLEY,  MANKTELOW,
   McDONOUGH  -- read once and referred to the Committee on Real Property
   Taxation
 
 AN ACT to amend the real property tax law, in relation to exemption from
   taxation of alterations and improvements to multiple dwellings
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. The opening paragraph of paragraph (a) of subdivision 1 of
 section 489 of the real property tax law, as amended by 1 of item RRR of
 subpart B of part XXX of chapter 58 of the laws of 2020, is  amended  to
 read as follows:
   Any  city  to which the multiple dwelling law OR THE MUTIPLE RESIDENCE
 LAW is applicable, acting through its local legislative  body  or  other
 governing  agency,  is hereby authorized and empowered, to and including
 January first, two thousand twenty-one, to adopt and amend local laws or
 ordinances providing that any increase in  assessed  valuation  of  real
 property  shall  be exempt from taxation for local purposes, as provided
 herein, to the extent such increase results from:
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08142-01-1

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