Bill Text: NY A08383 | 2019-2020 | General Assembly | Introduced
Bill Title: Relates to extending certain provisions relating to a partial tax abatement for residential real property held in the cooperative or condominium form of ownership in a city having a population of one million or more.
Spectrum: Moderate Partisan Bill (Democrat 6-1)
Status: (Passed) 2019-07-03 - SIGNED CHAP.90 [A08383 Detail]
Download: New_York-2019-A08383-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8383 2019-2020 Regular Sessions IN ASSEMBLY June 15, 2019 ___________ Introduced by M. of A. QUART -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to extending certain provisions relating to a partial tax abatement for residential real property held in the cooperative or condominium form of ownership in a city having a population of one million or more The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraphs (a) and (b) of subdivision 2 of section 467-a of 2 the real property tax law, as amended by section 61 of part A of chapter 3 20 of the laws of 2015, are amended to read as follows: 4 (a) In a city having a population of one million or more, dwelling 5 units owned by unit owners who, as of the applicable taxable status 6 date, own no more than three dwelling units in any one property held in 7 the condominium form of ownership, shall be eligible to receive a 8 partial abatement of real property taxes, as set forth in paragraphs 9 (c), (d), (d-1), (d-2), (d-3), (d-4), (d-5) and (d-6) of this subdivi- 10 sion; provided, however, that a property held in the condominium form of 11 ownership that is receiving complete or partial real property tax 12 exemption or tax abatement pursuant to any other provision of this chap- 13 ter or any other state or local law, except as provided in paragraph (f) 14 of this subdivision, shall not be eligible to receive a partial abate- 15 ment pursuant to this section; and provided, further, that sponsors 16 shall not be eligible to receive a partial abatement pursuant to this 17 section; and provided, further, that in the fiscal years commencing in 18 calendar years two thousand twelve[, two thousand thirteen, two thousand19fourteen, two thousand fifteen, two thousand sixteen, two thousand20seventeen or two thousand eighteen] through two thousand twenty no more 21 than a maximum of three dwelling units owned by any unit owner in a 22 single building, one of which must be the primary residence of such unit EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13372-03-9A. 8383 2 1 owner, shall be eligible to receive a partial abatement pursuant to 2 paragraphs (d-1), (d-2), (d-3) and (d-4) of this subdivision. 3 (b) In a city having a population of one million or more, dwelling 4 units owned by tenant-stockholders who, as of the applicable taxable 5 status date, own no more than three dwelling units in any one property 6 held in the cooperative form of ownership, shall be eligible to receive 7 a partial abatement of real property taxes, as set forth in paragraphs 8 (c), (d), (d-1), (d-2), (d-3), (d-4), (d-5) and (d-6) of this subdivi- 9 sion; provided, however, that a property held in the cooperative form of 10 ownership that is receiving complete or partial real property tax 11 exemption or tax abatement pursuant to any other provision of this chap- 12 ter or any other state or local law, except as provided in paragraph (f) 13 of this subdivision, shall not be eligible to receive a partial abate- 14 ment pursuant to this section; and provided, further, that sponsors 15 shall not be eligible to receive a partial abatement pursuant to this 16 section; and provided, further, that in the fiscal years commencing in 17 calendar years two thousand twelve[, two thousand thirteen, two thousand18fourteen, two thousand fifteen, two thousand sixteen, two thousand19seventeen or two thousand eighteen] through two thousand twenty no more 20 than a maximum of three dwelling units owned by any tenant-stockholder 21 in a single building, one of which must be the primary residence of such 22 tenant-stockholder, shall be eligible to receive a partial abatement 23 pursuant to paragraphs (d-1), (d-2), (d-3) and (d-4) of this subdivi- 24 sion. For purposes of this section, a tenant-stockholder of a cooper- 25 ative apartment corporation shall be deemed to own the dwelling unit 26 which is represented by his or her shares of stock in such corporation. 27 Any abatement so granted shall be credited by the appropriate taxing 28 authority against the tax due on the property as a whole. The reduction 29 in real property taxes received thereby shall be credited by the cooper- 30 ative apartment corporation against the amount of such taxes attribut- 31 able to eligible dwelling units at the time of receipt. 32 § 2. Paragraphs (d-1), (d-2), (d-3) and (d-4) of subdivision 2 of 33 section 467-a of the real property tax law, as amended by section 62 of 34 part A of chapter 20 of the laws of 2015, are amended to read as 35 follows: 36 (d-1) In the fiscal years commencing in calendar years two thousand 37 twelve, two thousand thirteen and two thousand fourteen, eligible dwell- 38 ing units in property whose average unit assessed value is less than or 39 equal to fifty thousand dollars shall receive a partial abatement of the 40 real property taxes attributable to or due on such dwelling units of 41 twenty-five percent, twenty-six and one-half percent and twenty-eight 42 and one-tenth percent respectively. In the fiscal years commencing in 43 calendar years two thousand fifteen[, two thousand sixteen, two thousand44seventeen and two thousand eighteen] through two thousand twenty eligi- 45 ble dwelling units in property whose average unit assessed value is less 46 than or equal to fifty thousand dollars shall receive a partial abate- 47 ment of the real property taxes attributable to or due on such dwelling 48 units of twenty-eight and one-tenth percent. 49 (d-2) In the fiscal years commencing in calendar years two thousand 50 twelve, two thousand thirteen and two thousand fourteen, eligible dwell- 51 ing units in property whose average unit assessed value is more than 52 fifty thousand dollars, but less than or equal to fifty-five thousand 53 dollars, shall receive a partial abatement of the real property taxes 54 attributable to or due on such dwelling units of twenty-two and one-half 55 percent, twenty-three and eight-tenths percent and twenty-five and two- 56 tenths percent respectively. In the fiscal years commencing in calendarA. 8383 3 1 years two thousand fifteen[, two thousand sixteen, two thousand seven-2teen and two thousand eighteen] through two thousand twenty eligible 3 dwelling units in property whose average unit assessed value is more 4 than fifty thousand dollars, but less than or equal to fifty-five thou- 5 sand dollars, shall receive a partial abatement of the real property 6 taxes attributable to or due on such dwelling units of twenty-five and 7 two-tenths percent. 8 (d-3) In the fiscal years commencing in calendar years two thousand 9 twelve, two thousand thirteen and two thousand fourteen, eligible dwell- 10 ing units in property whose average unit assessed value is more than 11 fifty-five thousand dollars, but less than or equal to sixty thousand 12 dollars, shall receive a partial abatement of the real property taxes 13 attributable to or due on such dwelling units of twenty percent, twen- 14 ty-one and two-tenths percent, and twenty-two and five-tenths percent 15 respectively. In the fiscal years commencing in calendar years two thou- 16 sand fifteen[, two thousand sixteen, two thousand seventeen and two17thousand eighteen] through two thousand twenty eligible dwelling units 18 in property whose average unit assessed value is more than fifty-five 19 thousand dollars, but less than or equal to sixty thousand dollars, 20 shall receive a partial abatement of the real property taxes attribut- 21 able to or due on such dwelling units of twenty-two and five-tenths 22 percent. 23 (d-4) In the fiscal years commencing in calendar years two thousand 24 twelve[, two thousand thirteen, two thousand fourteen, two thousand25fifteen, two thousand sixteen, two thousand seventeen and two thousand26eighteen] through two thousand twenty, eligible dwelling units in prop- 27 erty whose average unit assessed value is more than sixty thousand 28 dollars shall receive a partial abatement of the real property taxes 29 attributable to or due on such dwelling units of seventeen and one-half 30 percent. 31 § 3. Paragraph (a) of subdivision 3 of section 467-a of the real prop- 32 erty tax law, as amended by section 63 of part A of chapter 20 of the 33 laws of 2015, is amended to read as follows: 34 (a) An application for an abatement pursuant to this section for the 35 fiscal year commencing in calendar year nineteen hundred ninety-six 36 shall be made no later than the fifteenth day of September, nineteen 37 hundred ninety-six. An application for an abatement pursuant to this 38 section for the fiscal year commencing in calendar year nineteen hundred 39 ninety-seven shall be made no later than the first day of April, nine- 40 teen hundred ninety-seven. An application for an abatement pursuant to 41 this section for the fiscal year commencing in calendar year nineteen 42 hundred ninety-eight shall be made no later than the first day of April, 43 nineteen hundred ninety-eight. An application for an abatement pursuant 44 to this section for the fiscal year commencing in calendar year nineteen 45 hundred ninety-nine shall be made in accordance with this subdivision 46 and subdivision three-a of this section. An application for an abatement 47 pursuant to this section for the fiscal year commencing in calendar year 48 two thousand shall be made no later than the fifteenth day of February, 49 two thousand. An application for an abatement pursuant to this section 50 for the fiscal year commencing in calendar year two thousand one shall 51 be made in accordance with this subdivision and subdivision three-b of 52 this section. An application for an abatement pursuant to this section 53 for the fiscal year commencing in calendar year two thousand two shall 54 be made no later than the fifteenth day of February, two thousand two. 55 An application for an abatement pursuant to this section for the fiscal 56 year commencing in calendar year two thousand three shall be made noA. 8383 4 1 later than the fifteenth day of February, two thousand three. An appli- 2 cation for an abatement pursuant to this section for the fiscal year 3 commencing in calendar year two thousand four shall be made in accord- 4 ance with this subdivision and subdivision three-c of this section. An 5 application for an abatement pursuant to this section for the fiscal 6 year commencing in calendar year two thousand five shall be made no 7 later than the fifteenth day of February, two thousand five. An applica- 8 tion for an abatement pursuant to this section for the fiscal year 9 commencing in calendar year two thousand six shall be made no later than 10 the fifteenth day of February, two thousand six. An application for an 11 abatement pursuant to this section for the fiscal year commencing in 12 calendar year two thousand seven shall be made no later than the 13 fifteenth day of February, two thousand seven. An application for abate- 14 ment pursuant to this section for the fiscal year commencing in calendar 15 year two thousand eight shall be made in accordance with this subdivi- 16 sion and subdivision three-d of this section. An application for an 17 abatement pursuant to this section for the fiscal year commencing in 18 calendar year two thousand nine shall be made no later than the 19 fifteenth day of February, two thousand nine. An application for an 20 abatement pursuant to this section for the fiscal year commencing in 21 calendar year two thousand ten shall be made no later than the fifteenth 22 day of February, two thousand ten. An application for an abatement 23 pursuant to this section for the fiscal year commencing in calendar year 24 two thousand eleven shall be made no later than the fifteenth day of 25 February, two thousand eleven. An application for an abatement pursuant 26 to this section for the fiscal years commencing in calendar years two 27 thousand twelve and two thousand thirteen shall be made in accordance 28 with subdivision three-e of this section. The date or dates by which 29 applications for an abatement pursuant to this section shall be made for 30 the fiscal years beginning in calendar years two thousand fourteen[, two31thousand fifteen, two thousand sixteen, two thousand seventeen and two32thousand eighteen] through two thousand twenty shall be established by 33 the commissioner of finance by rule, provided that such date or dates 34 shall not be later than the fifteenth day of February for such calendar 35 years. 36 § 4. This act shall take effect immediately.