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NY S05952
Bill
Status
5/16/2019
Primary Sponsor
Robert Jackson
Click for details
AI Summary
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Applies to commercial properties in cities with populations of one million or more that are zoned as commercial property.
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Defines "vacant property" as commercial property continuously vacant for six months or more.
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Imposes a fee of one percent of the assessed value of the vacant commercial property, payable to the state every 30 days the property remains vacant.
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Directs all fees collected to be deposited into the state's general fund.
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Takes effect immediately upon enactment.
Legislative Description
Imposes a fee on vacant commercial property that has remained continuously vacant for a period of six months or more to be paid to the state every thirtieth day such commercial property remains vacant.
Last Action
REFERRED TO CITIES
1/8/2020