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NY S03090
Bill
Status
3/1/2011
Primary Sponsor
Andrew Lanza
Click for details
AI Summary
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Extends the deadline for applications for tax abatements for industrial and commercial construction work in cities with 1 million or more residents from March 1, 2011 to March 1, 2015.
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Prohibits tax abatement benefits for construction work performed under building permits issued after April 1, 2015.
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Prohibits tax abatement benefits for construction work without a required building permit unless the work commences by April 1, 2015.
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Takes effect immediately upon enactment.
Legislative Description
Extends, from March 1, 2011 to March 1, 2015, the deadline for applications for tax abatements for industrial and commercial construction work in cities having a population of 1 million or more; provides that no such abatement shall be granted unless a building permit is granted or construction commences on or before April 1, 2015.
Last Action
REFERRED TO CITIES
1/4/2012