Bill Text: NY A08125 | 2009-2010 | General Assembly | Amended
Bill Title: Requires notification to be given to the New York City Department of Housing Preservation in the event that construction on a project for which an application for a certain tax exemption has been made ceases for a period exceeding one hundred twenty days.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2010-06-15 - 3RD READING CAL.841 [A08125 Detail]
Download: New_York-2009-A08125-Amended.html
S T A T E O F N E W Y O R K
________________________________________________________________________
8125--A
2009-2010 Regular Sessions
I N A S S E M B L Y
May 5, 2009
___________
Introduced by M. of A. KAVANAGH -- read once and referred to the Commit-
tee on Real Property Taxation -- committee discharged, bill amended,
ordered reprinted as amended and recommitted to said committee
AN ACT to amend the real property tax law, in relation to requiring
notification to be given to the local housing agency in the event that
cessation of construction on a project for which an application for a
certain tax exemption has been made equals or exceeds one hundred
twenty days
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Section 421-a of the real property tax law is amended by
2 adding a new subdivision 5-a to read as follows:
3 5-A. IN THE EVENT THAT CONSTRUCTION ON A PROJECT FOR WHICH AN APPLICA-
4 TION FOR TAX EXEMPTION UNDER THIS SECTION HAS BEEN MADE CEASES FOR A
5 PERIOD EXCEEDING ONE HUNDRED TWENTY DAYS, THE APPLICANT FOR THE TAX
6 EXEMPTION SHALL PROVIDE WRITTEN NOTICE TO THE LOCAL HOUSING AGENCY OF
7 THE CESSATION, THE REASONS FOR THE CESSATION AND THE PROJECTED DATE
8 CONSTRUCTION ON THE PROJECT IS TO RESUME. SUCH NOTICE SHALL BE GIVEN
9 PRIOR TO THE EXPIRATION OF THE ONE HUNDRED TWENTY DAY PERIOD.
10 S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11524-04-9
