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NY A07106
Bill
Status
3/20/2025
Primary Sponsor
Rodneyse Bichotte Hermelyn
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AI Summary
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Requires new multiple dwellings seeking tax exemptions under Section 421-a to comply with state goals for minority and women-owned business enterprise (MWBE) participation as established in Executive Law sections 312 and 313
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Allows applicants to use existing waiver provisions if they cannot meet MWBE participation goals
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Mandates that local housing agencies verify MWBE compliance before issuing eligibility certifications for the tax exemption
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Aims to address economic disparity by linking real property tax benefits to MWBE participation in development projects
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
1/7/2026