NY A07002

Prohibits or limits real property tax exemptions for housing companies, insurance companies, redevelopment companies, and redevelopment corporations found to have engaged in a pattern of discrimination based on race, color, creed, or lawful source of income

Defines "pattern or practice" thresholds based on portfolio size: 2 final determinations within 5 years for landlords with fewer than 50 units; 3 determinations for 50-500 units; 5 determinations for over 500 units

Imposes escalating penalties: first violation requires a corrective action plan (with 25% tax exemption reduction if not submitted within 60 days); second violation triggers 50% exemption reduction for 2 years plus mandatory compliance audits; third violation results in full exemption revocation and 5-year ineligibility for new exemptions

Allows landlords whose exemptions were fully revoked to apply for reinstatement after 3 years by demonstrating no further discrimination findings, implementation of corrective measures, and certification of good standing from the Division of Human Rights

Reinstatement applications must be reviewed and decided within 120 days by the appropriate state agency