Bill Text: NY A00745 | 2013-2014 | General Assembly | Introduced

New York Assembly Bill 745 (Prior Session Legislation)

Introduced

Bill Title: Requires the rent guidelines board to take other sources of income received by landlords from commercial rents and unregulated residential units into account when establishing annual calculations.

Spectrum: Partisan Bill (Democrat 11-0)

Status: (Introduced - Dead) 2014-01-08 - referred to housing [A00745 Detail]

Download: New_York-2013-A00745-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          745
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 9, 2013
                                      ___________
       Introduced  by  M. of A. ROSENTHAL, MILLMAN, CLARK, GOTTFRIED, KAVANAGH,
         DINOWITZ, KELLNER -- Multi-Sponsored by -- M. of A.  BOYLAND,  COLTON,
         GLICK,  ROBINSON, WRIGHT -- read once and referred to the Committee on
         Housing
       AN ACT to amend the administrative code of the  city  of  New  York,  in
         relation  to requiring the rent guidelines board to take other sources
         of income received by landlords from commercial rents and  unregulated
         residential units into account when establishing annual calculations
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph 3 of subdivision  b  of  section  26-510  of  the
    2  administrative  code  of  the city of New York is renumbered paragraph 4
    3  and a new paragraph 3 is added to read as follows:
    4    (3) ALL OTHER SOURCES OF  INCOME  FROM  BUILDINGS  CONTAINING  HOUSING
    5  ACCOMMODATIONS  SUBJECT  TO  THIS  LAW  INCLUDING,  BUT  NOT LIMITED TO,
    6  COMMERCIAL RENTS AND RENT FROM UNREGULATED RESIDENTIAL  UNITS,  AND  THE
    7  EXTENT TO WHICH SUCH CHANGES OFFSET CHANGES IN COST,
    8    S  2.  This act shall take effect immediately, provided, however, that
    9  the amendments to section 26-510 of chapter 4 of title 26 of the  admin-
   10  istrative  code  of the city of New York made by section one of this act
   11  shall expire on the same date as such law expires and shall  not  affect
   12  the expiration of such law as provided under section 26-520 of such law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD02142-01-3