Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to cities 1 |
Aug 25, 2021 |
referred to rules |
Senate Bill S7343
2021-2022 Legislative Session
Sponsored By
(D) 11th Senate District
Archive: Last Bill Status - In Senate Committee Cities 1 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
2021-S7343 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9129
- Current Committee:
- Senate Cities 1
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §489-cccccc, RPT L
2021-S7343 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7343 SPONSOR: STAVISKY TITLE OF BILL: An act to amend the real property tax law, in relation to providing an extension of time to complete construction for certain building projects due to the COVID-19 pandemic PURPOSE OR GENERAL IDEA OF BILL: To provide an extension for businesses that were not able to comply with the Industrial and Commercial Abatement Program (ICAP) construction completion deadlines due to delays caused by the COVID-19 pandemic. SUMMARY OF PROVISIONS: Section 1. Amends section 489-cccccc of the real property tax law to provide an additional twenty-seven month extension for all construction projects where such projects' 5-year completion deadline fell within March 17, 2020 and June 25, 2021. This time frame encompasses the 15
2021-S7343 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7343 2021-2022 Regular Sessions I N S E N A T E August 25, 2021 ___________ Introduced by Sen. STAVISKY -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the real property tax law, in relation to providing an extension of time to complete construction for certain building projects due to the COVID-19 pandemic THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 489-cccccc of the real property tax law, as added by chapter 119 of the laws of 2008, is amended to read as follows: 2. Time limit for completion of construction. (A) Construction of buildings or structures for which benefits have been approved shall be completed no later than five years from the date of issuance of the first building permit, or if no permit was required, the commencement of construction. Failure to meet this requirement shall result in termi- nation of any inflation protection provided under subdivision three of section four hundred eighty-nine-bbbbbb of this title for any tax year that begins following the date by which completion of construction is required under this paragraph. (B) (I) NOTWITHSTANDING THE PROVISIONS OF PARAGRAPH (A) OF THIS SUBDI- VISION, AN ADDITIONAL TWENTY-SEVEN MONTH EXTENSION SHALL BE PROVIDED FOR ALL PROJECTS WHERE SUCH FIVE YEAR PERIOD WOULD HAVE TERMINATED BETWEEN MARCH SEVENTH, TWO THOUSAND TWENTY AND JUNE TWENTY-FIFTH, TWO THOUSAND TWENTY-ONE, TO PROVIDE RELIEF FOR (A) THE FIFTEEN-MONTH PERIOD DURING WHICH A STATE DISASTER EMERGENCY WAS DECLARED BY THE GOVERNOR PURSUANT TO EXECUTIVE ORDER TWO HUNDRED TWO OF TWO THOUSAND TWENTY IN RESPONSE TO THE COVID-19 PANDEMIC AND THE ISSUANCE BY THE GOVERNOR OF EXECUTIVE ORDER TWO HUNDRED TEN OF TWO THOUSAND TWENTY-ONE WHICH RESCINDED ALL PREVIOUS PANDEMIC RELATED EXECUTIVE ORDERS AND LIFTED SUCH STATE OF EMERGENCY, PLUS (B) AN ADDITIONAL TWELVE MONTHS FOR PROJECTS TO COMPLETE CONSTRUCTION AFTER THE EXPIRATION OF SUCH EXECUTIVE ORDERS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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