Assembly Bill A1212

2023-2024 Legislative Session

Requires the rent guidelines board to take other sources of income received by landlords from commercial rents and unregulated residential units into account when establishing annual calculations

download bill text pdf

Sponsored By

Current 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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2023-A1212 (ACTIVE) - Details

Current Committee:
Assembly Housing
Law Section:
New York City Administrative Code
Laws Affected:
Amd §26-510, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2009-2010: A5450
2011-2012: A1464
2013-2014: A745
2015-2016: A594
2017-2018: A3219
2019-2020: A1392
2021-2022: A3262

2023-A1212 (ACTIVE) - Summary

Requires the rent guidelines board to take other sources of income received by landlords from commercial rents and unregulated residential units into account when establishing annual calculations.

2023-A1212 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1212
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 13, 2023
                                ___________
 
 Introduced  by  M. of A. L. ROSENTHAL, DINOWITZ -- Multi-Sponsored by --
   M. of A.  COLTON, GLICK -- read once and referred to the Committee  on
   Housing
 
 AN  ACT  to  amend  the  administrative code of the city of New York, in
   relation to requiring the rent guidelines board to take other  sources
   of  income received by landlords from commercial rents and unregulated
   residential units into account when establishing annual calculations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph  3  of  subdivision  b of section 26-510 of the
 administrative code of the city of New York is  renumbered  paragraph  4
 and a new paragraph 3 is added to read as follows:
   (3)  ALL  OTHER  SOURCES  OF  INCOME FROM BUILDINGS CONTAINING HOUSING
 ACCOMMODATIONS SUBJECT TO  THIS  LAW  INCLUDING,  BUT  NOT  LIMITED  TO,
 COMMERCIAL  RENTS  AND  RENT FROM UNREGULATED RESIDENTIAL UNITS, AND THE
 EXTENT TO WHICH SUCH CHANGES OFFSET CHANGES IN COST,
   § 2. This act shall take effect immediately, provided,  however,  that
 the  amendments to section 26-510 of chapter 4 of title 26 of the admin-
 istrative code of the city of New York made by section one of  this  act
 shall  expire  on the same date as such law expires and shall not affect
 the expiration of such law as provided under section 26-520 of such law.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00989-01-3

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