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NY S04284
Bill
Status
2/3/2025
Primary Sponsor
Kevin Parker
Click for details
AI Summary
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Establishes a demonstration program extending J-51 tax exemptions to conversions of commercial and manufacturing space into combined work space and residential units in Kings County (Brooklyn)
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Targets high-density, underutilized M-1 zoned properties specifically for the program
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J-51 provides property tax exemptions and abatements for residential building renovations, with benefits varying by location and improvement type
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Program automatically expires and is repealed 5 years after the effective date
Legislative Description
Establishes a demonstration program extending the J-51 tax exemption to the conversion and rehabilitation of commercial and manufacturing space to co-located work space and residential units in certain high density areas in Kings county.
Last Action
REFERRED TO LOCAL GOVERNMENT
1/7/2026