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NY A10654
Bill
Status
6/17/2020
Primary Sponsor
Stacey Pheffer Amato
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AI Summary
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Amends the effective date provision of a 2020 law regarding tax abatement for industrial and commercial properties in cities with populations of one million or more.
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Changes the applicability threshold from projects where the first building permit is issued after July 1, 2020 to projects where a preliminary application for benefits has been filed on or before July 1, 2020.
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Takes effect immediately, with a retroactive provision stating that if the bill does not take effect by July 1, 2020, it shall be deemed in full force and effect as of that date.
Legislative Description
Relates to the effectiveness of provisions of law relating to abatement of tax payments for certain industrial and commercial properties in a city of one million or more persons.
Last Action
referred to real property taxation
6/17/2020