Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Oct 16, 2024 |
print number 9919a |
Oct 16, 2024 |
amend and recommit to rules |
Sep 23, 2024 |
referred to rules |
Senate Bill S9919A
2023-2024 Legislative Session
Sponsored By
(D, WF) 18th Senate District
Current Bill Status - In Senate Committee Rules 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
Bill Amendments
2023-S9919 - Details
- See Assembly Version of this Bill:
- A10694
- Current Committee:
- Senate Rules
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §467-m, RPT L
- Versions Introduced in 2025-2026 Legislative Session:
-
A50
2023-S9919 - Sponsor Memo
BILL NUMBER: S9919 SPONSOR: SALAZAR TITLE OF BILL: An act to amend the real property tax law, in relation to enacting the "New York city arts space act" PURPOSE OR GENERAL IDEA OF BILL: To provide tax incentives for the development of affordable arts space in New York City in buildings being converted from commercial to resi- dential space under the affordable housing from commercial conversions tax incentive benefits program (the "AHCC Program"). SUMMARY OF PROVISIONS: Section 1 states that the title of the act is the "New York city arts space act". Section 2 amends Section 467-m of the real property tax law, which establishes am Affordable Housing from Commercial Conversions (AHC C)
2023-S9919 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9919 I N S E N A T E September 23, 2024 ___________ Introduced by Sen. SALAZAR -- 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 enacting the "New York city arts space act" THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "New York city arts space act". § 2. Section 467-m of the real property tax law is amended by adding a new subdivision 4-a to read as follows: 4-A. AFFORDABLE ARTS SPACE BENEFITS AND REQUIREMENTS. A. FOR THE PURPOSES OF THIS SUBDIVISION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOW- ING MEANINGS: (I) "AFFORDABLE ARTS SPACE" SHALL MEAN A SPACE RENTED OR LEASED BY AN ELIGIBLE ARTS ORGANIZATION FOR USE AS STUDIO, REHEARSAL, PERFORMANCE SPACE, OR ARTS OR CULTURAL PROGRAMMING OPEN TO THE GENERAL PUBLIC IN AN ELIGIBLE MULTIPLE DWELLING; AND (II) "ELIGIBLE ARTS ORGANIZATION" SHALL MEAN A NONPROFIT ORGANIZATION EITHER INCORPORATED IN OR REGISTERED TO DO BUSINESS IN THE STATE OF NEW YORK OR AN ORGANIZATION LOCATED IN THE STATE OF NEW YORK AND RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501 (C) (3) OF THE UNITED STATES INTERNAL REVENUE CODE. B. AN AFFORDABLE ARTS SPACE SHALL MEET THE FOLLOWING REQUIREMENTS: (I) HAVE A MAXIMUM TWO PERCENT OF THE AGGREGATE FLOOR AREA IN ELIGIBLE MULTIPLE DWELLINGS AND UP TO FIFTY PERCENT OF SUCH SPACE MAY BE CELLAR SPACE AS DEFINED BY A CITY OF NEW YORK ZONING RESOLUTION; (II) WHEN AN ELIGIBLE ARTS ORGANIZATION SUBLEASES AN AFFORDABLE ARTS SPACE TO AN ORGANIZATION THAT IS NOT AN ELIGIBLE ARTS ORGANIZATION SUCH RENTS SHALL COMPLY WITH REQUIREMENTS OF THIS SUBDIVISION. SUCH NON-ELI- GIBLE ORGANIZATIONS SHALL BE EITHER INCORPORATED IN OR REGISTERED TO DO BUSINESS AND SUCH NON-ELIGIBLE ORGANIZATIONS SHALL BE LOCATED IN THE STATE OF NEW YORK; (III) BE RENTED AT A RATE OF NO MORE THAN TWENTY DOLLARS PER SQUARE FOOT PER YEAR AND THE BASE RENT SHALL BE ADJUSTED AT A RATE NOT TO EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2023-S9919A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10694
- Current Committee:
- Senate Rules
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §467-m, RPT L
- Versions Introduced in 2025-2026 Legislative Session:
-
A50
2023-S9919A (ACTIVE) - Sponsor Memo
BILL NUMBER: S9919A SPONSOR: SALAZAR TITLE OF BILL: An act to amend the real property tax law, in relation to enacting the "New York city arts space act" PURPOSE OR GENERAL IDEA OF BILL: To provide tax incentives for the development of affordable arts space in New York City in buildings being converted from commercial to resi- dential space under the affordable housing from commercial conversions tax incentive benefits program (the "AHCC Program"). SUMMARY OF PROVISIONS: Section 1 states that the title of the act is the "New York city arts space act". Section 2 amends Section 467-m of the real property tax law, which establishes am Affordable Housing from Commercial Conversions (AHC C)
2023-S9919A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9919--A I N S E N A T E September 23, 2024 ___________ Introduced by Sen. SALAZAR -- read twice and ordered printed, and when printed to be committed to the Committee on Rules -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to enacting the "New York city arts space act" THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "New York city arts space act". § 2. Section 467-m of the real property tax law is amended by adding a new subdivision 4-a to read as follows: 4-A. AFFORDABLE ARTS SPACE BENEFITS AND REQUIREMENTS. A. FOR THE PURPOSES OF THIS SUBDIVISION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOW- ING MEANINGS: (I) "AFFORDABLE ARTS SPACE" SHALL MEAN A SPACE RENTED OR LEASED BY AN ELIGIBLE ARTS ORGANIZATION FOR USE AS STUDIO, REHEARSAL, PERFORMANCE SPACE, OR ARTS OR CULTURAL PROGRAMMING OPEN TO THE GENERAL PUBLIC IN AN ELIGIBLE MULTIPLE DWELLING; AND (II) "ELIGIBLE ARTS ORGANIZATION" SHALL MEAN A NONPROFIT ORGANIZATION EITHER INCORPORATED IN OR REGISTERED TO DO BUSINESS IN THE STATE OF NEW YORK OR AN ORGANIZATION LOCATED IN THE STATE OF NEW YORK AND RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501 (C) (3) OF THE UNITED STATES INTERNAL REVENUE CODE. B. AN AFFORDABLE ARTS SPACE SHALL MEET THE FOLLOWING REQUIREMENTS: (I) HAVE A MINIMUM TWO PERCENT OF THE AGGREGATE FLOOR AREA IN ELIGIBLE MULTIPLE DWELLINGS AND UP TO FIFTY PERCENT OF SUCH SPACE MAY BE CELLAR SPACE AS DEFINED BY A CITY OF NEW YORK ZONING RESOLUTION; (II) WHEN AN ELIGIBLE ARTS ORGANIZATION SUBLEASES AN AFFORDABLE ARTS SPACE TO AN ORGANIZATION THAT IS NOT AN ELIGIBLE ARTS ORGANIZATION SUCH RENTS SHALL COMPLY WITH REQUIREMENTS OF THIS SUBDIVISION. SUCH NON-ELI- GIBLE ORGANIZATIONS SHALL BE EITHER INCORPORATED IN OR REGISTERED TO DO BUSINESS AND SUCH NON-ELIGIBLE ORGANIZATIONS SHALL BE LOCATED IN THE STATE OF NEW YORK; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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