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NY S05625
Bill
Status
5/29/2013
Primary Sponsor
Andrew Lanza
Click for details
AI Summary
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Extends the application deadline for tax abatement benefits related to industrial construction work on peaking units to July 1, 2018 in New York State and New York City.
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Permits tax abatement benefits for industrial construction work on peaking units performed under building permits issued on or before August 1, 2018, or commenced on or before August 1, 2018 if no permit was required.
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Amends Real Property Tax Law Section 489-dddddd and New York City Administrative Code Sections 11-269 and 11-271 to implement these extensions and eligibility modifications.
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Takes effect immediately upon enactment.
Legislative Description
Relates to applications for tax abatements for industrial construction work on peaking units in a city of one million or more.
Last Action
PRINT NUMBER 5625A
2/10/2014