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NY S03834

Bill

Official Source

Status

Introduced

2/20/2015

Primary Sponsor

Andrew Lanza

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Origin

Senate

2015-2016 General Assembly

AI Summary

  • Extends the deadline for applications for tax abatement benefits for industrial construction work on peaking units until July 1, 2019
  • Permits tax abatement benefits for peaking unit construction work performed under building permits issued on or before August 1, 2019, or commenced on or before August 1, 2019 if no permit was required
  • Amends both the Real Property Tax Law and the Administrative Code of the City of New York to implement these provisions
  • 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

REFERRED TO CITIES

1/6/2016

Committee Referrals

Cities2/20/2015

Full Bill Text

No bill text available