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NY A05948
Bill
Status
3/2/2021
Primary Sponsor
Rodneyse Bichotte Hermelyn
Click for details
AI Summary
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Requires new multiple dwellings seeking tax exemption under Section 421-a to comply with minority and women-owned business enterprise (MWBE) participation goals under Executive Law Sections 312 and 313.
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Allows applicants to use waivers as prescribed by the MWBE participation requirements.
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Requires local housing agencies to determine whether applicants are in full compliance with MWBE provisions before issuing certification of eligibility for tax exemption.
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Takes effect immediately upon enactment.
Legislative Description
Relates to a minority and women-owned business enterprise participation goal requirement in order to receive exemption of new multiple dwellings from local taxation.
Last Action
referred to real property taxation
1/5/2022