Bill Text: NY S02896 | 2023-2024 | General Assembly | Introduced

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Bill Title: Relates to extending certain filing deadlines for the industrial and commercial abatement program by authorizing the department of finance to accept certain applications for an additional three months.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-02-13 - REPORTED AND COMMITTED TO FINANCE [S02896 Detail]

Download: New_York-2023-S02896-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          2896

                               2023-2024 Regular Sessions

                    IN SENATE

                                    January 25, 2023
                                       ___________

        Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Cities 1

        AN ACT to amend the real property tax  law,  in  relation  to  extending
          certain  filing  deadlines for the industrial and commercial abatement
          program

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Subparagraph  (ii)  of  paragraph (a) of subdivision 5 of
     2  section 489-cccccc of the real property tax law, as amended  by  chapter
     3  397 of the laws of 2017, is amended to read as follows:
     4    (ii)  Final application. Applicants shall file a final application for
     5  benefits no later than one year from the date of issuance of  the  first
     6  building  permit for construction work, or, where construction work does
     7  not require a building permit, no later than one year from the  date  of
     8  commencement  of  construction.  Abatement benefits shall not be granted
     9  until the applicant files the final application. If the  final  applica-
    10  tion  is not filed within such one year period, abatement benefits shall
    11  not be granted until such application is filed, and the  department  may
    12  delay  the granting of such benefits, at the department's discretion, to
    13  investigate the reason for the late filing. The department shall  accept
    14  applications  from  applicants who (A) after the effective date of local
    15  law number sixty-seven of the city of New York for the year two thousand
    16  eight, met the requirements of this title but failed  to  file  a  final
    17  application  within the time frame required by this subparagraph and (B)
    18  file a final application no later than three months from  the  effective
    19  date  of  the  chapter  of  the  laws  of two thousand twenty-three that
    20  amended this subparagraph.
    21    § 2. This act shall take effect immediately.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04604-01-3