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NY S08170
Bill
Status
Engrossed
6/11/2025
Primary Sponsor
Brian Kavanagh
Click for details
AI Summary
- Extends the completion deadline for eligible alterations and improvements to multiple dwellings from June 30, 2026 to June 30, 2030 to qualify for tax abatement
- Extends the deadline for cities to adopt local laws or ordinances allowing real property tax abatements on eligible buildings from June 30, 2025 to June 30, 2026
- Applies to construction projects with completion dates after June 29, 2022 that are completed within 30 months of their commencement date
- Amends section 489 of the real property tax law, which was originally added by chapter 536 of the laws of 2023
Legislative Description
Authorizes a tax abatement for alterations and improvements to multiple dwellings for purposes of preserving habitability in affordable housing.
Last Action
PRINT NUMBER 8170A
3/9/2026
Committee Referrals
Housing, Construction, and Community Development1/7/2026
Real Property Taxation6/11/2025
Housing, Construction, and Community Development5/16/2025
Full Bill Text
No bill text available