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NY A08724

Bill

Official Source

Status

Passed

7/31/2018

Primary Sponsor

Kimberly Jean-Pierre

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Extends the deadline for tax exemptions on Superstorm Sandy reconstruction projects from March 1, 2018 to March 1, 2020
  • Requires reconstruction, alterations, or improvements to be reflected on a certificate of occupancy by March 1, 2020 to qualify for exemption
  • Changes the application deadline for tax exemptions to March 1, 2020, allowing applications to be filed by that date
  • Exemptions granted under this act continue for up to eight prospective tax years
  • Applies to exemption applications made prior to March 1, 2020

Legislative Description

Extends the deadline for tax exemption applications for certain improved properties affected by Superstorm Sandy from March 1, 2018 until March 1, 2020.

Last Action

signed chap.130

7/31/2018

Committee Referrals

Local Government5/7/2018
Ways and Means10/20/2017

Full Bill Text

No bill text available