Loading chat...

NY S05247

Bill

Official Source

Status

Engrossed

6/21/2013

Primary Sponsor

Catharine Young

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Amends Local Law 58 of 2006 relating to New York City's affordable housing fund and tax exemptions for new multiple dwellings
  • Removes the four-year expiration date previously set for sections one through eight of the local law, effectively extending the tax exemption provisions indefinitely
  • Requires the Commissioner of Housing Preservation and Development to take necessary implementation actions prior to the law's effective date
  • Takes effect immediately and is deemed effective retroactively as of December 28, 2010

Legislative Description

Revives and extends the expiration of provisions authorizing the city of New York to exempt certain new multiple dwellings from real property taxation.

Last Action

REFERRED TO CITIES

1/8/2014

Committee Referrals

Cities1/8/2014
Real Property Taxation6/24/2013
Cities5/15/2013

Full Bill Text

No bill text available