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NY A08125

Bill

Official Source

Status

Engrossed

6/22/2009

Primary Sponsor

Brian Kavanagh

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Amends Section 421-a of the Real Property Tax Law to add new subdivision 5-a
  • Requires applicants for tax exemption under Section 421-a to provide written notice to the local housing agency if construction ceases for more than 120 days
  • Notice must include the reason for cessation and the projected date construction will resume
  • Notice must be provided before the 120-day cessation period expires
  • Takes effect immediately upon enactment

Legislative Description

Requires notification to be given to the New York City Department of Housing Preservation in the event that construction on a project for which an application for a certain tax exemption has been made ceases for a period exceeding one hundred twenty days.

Last Action

3RD READING CAL.841

6/15/2010

Committee Referrals

Housing, Construction, and Community Development5/10/2010
Rules7/16/2009
Rules6/22/2009
Ways and Means6/18/2009
Real Property Taxation5/5/2009

Full Bill Text

No bill text available