Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to housing, construction and community development |
Jan 29, 2021 |
referred to housing, construction and community development |
Senate Bill S3365
2021-2022 Legislative Session
Sponsored By
(D) 36th 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
co-Sponsors
(D, WF) 37th Senate District
(D, WF) 13th Senate District
(D) 32nd Senate District
2021-S3365 (ACTIVE) - Details
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Emergency Tenant Protection Act of 1974
- Laws Affected:
- Amd §6, Emerg Ten Prot Act of 1974
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
S7674
2015-2016: S3588
2017-2018: S4568
2019-2020: S2203
2023-2024: S1235
2021-S3365 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3365 SPONSOR: BAILEY TITLE OF BILL: An act to amend the emergency tenant protection act of nineteen seven- ty-four, in relation to capping the amount of collectible rent increases due to major capital improvements at six percent of the legal regulated rent PURPOSE OR GENERAL IDEA OF BILL: This bill creates consistency between New York City and the ETPA coun- ties (Westchester, Rockland, and Nassau) by capping MCI costs at six percent of the legal regulated rent. SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends paragraph 3 of subdivision d of section 6 of section 4 of chapter 576 of the laws of 1974, the emergency tenant protection act of 1974, as amended by section 30 of part A of chapter 20 of the laws of
2021-S3365 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3365 2021-2022 Regular Sessions I N S E N A T E January 29, 2021 ___________ Introduced by Sens. BAILEY, MAYER, RAMOS, SEPULVEDA -- 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 emergency tenant protection act of nineteen seven- ty-four, in relation to capping the amount of collectible rent increases due to major capital improvements at six percent of the legal regulated rent THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 3 of subdivision d of section 6 of section 4 of chapter 576 of the laws of 1974, constituting the emergency tenant protection act of nineteen seventy-four, as amended by section 26 of part Q of chapter 39 of the laws of 2019, is amended to read as follows: (3) (A) there has been since January first, nineteen hundred seventy- four a major capital improvement essential for the preservation, energy efficiency, functionality, or infrastructure of the entire building, improvement of the structure including heating, windows, plumbing and roofing, but shall not be for operation costs or unnecessary cosmetic improvements. An adjustment under this paragraph shall be in an amount sufficient to amortize the cost of the improvements pursuant to this paragraph over a twelve-year period for a building with thirty-five or fewer housing accommodations, or a twelve and one-half period for a building with more than thirty-five housing accommodations and shall be removed from the legal regulated rent thirty years from the date the increase became effective inclusive of any increases granted by the applicable rent guidelines board, for any determination issued by the division of housing and community renewal after the effective date of [the] chapter THIRTY-NINE of the laws of two thousand nineteen [that amended this paragraph]; PROVIDED THAT THE COLLECTION OF ANY INCREASE IN THE LEGAL REGULATED RENT FOR ANY HOUSING ACCOMMODATION PURSUANT TO THIS SUBPARAGRAPH SHALL NOT EXCEED SIX PERCENT IN ANY YEAR FROM THE EFFECTIVE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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