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NY A10270

Bill

Official Source

Status

Engrossed

6/17/2010

Primary Sponsor

Keith Wright

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Amends Real Property Tax Law Section 457 to extend the exemption deadline for first-time homebuyers of newly constructed homes from December 31, 2010 to December 31, 2015
  • Exemptions remain unavailable for properties purchased on or after December 31, 2015, unless the purchase was made pursuant to a binding written contract entered into before that date
  • First-time homebuyers who received exemptions prior to the deadline may continue to receive further exemptions under subdivision one of the section
  • Takes effect immediately upon enactment

Legislative Description

Extends the date allowable for exemptions for first-time homebuyers of newly constructed homes to on or after December 31, 2015.

Last Action

REFERRED TO RULES

6/18/2010

Committee Referrals

Rules6/18/2010
Ways and Means5/4/2010
Real Property Taxation3/16/2010

Full Bill Text

No bill text available