Bill Text: NY S03834 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to applications for tax abatements for industrial construction work on peaking units in a city of one million or more.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-01-06 - REFERRED TO CITIES [S03834 Detail]

Download: New_York-2015-S03834-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         3834
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                   February 20, 2015
                                      ___________
       Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
         printed to be committed to the Committee on Cities
       AN ACT to amend the real property tax law and the administrative code of
         the city of New York, in relation to applications for  tax  abatements
         for  industrial  construction  work  on peaking units in a city of one
         million or more persons
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Subdivision  1 of section 489-dddddd of the real property
    2  tax law is amended by adding a new paragraph (a-1) to read as follows:
    3    (A-1) NOTWITHSTANDING PARAGRAPH (A) OF THIS  SUBDIVISION,  APPLICATION
    4  FOR BENEFITS PURSUANT TO PARAGRAPH (B-1) OF SUBDIVISION THREE OF SECTION
    5  FOUR  HUNDRED  EIGHTY-NINE-BBBBBB  OF  THIS TITLE MAY BE MADE UNTIL JULY
    6  FIRST, TWO THOUSAND NINETEEN.
    7    S 2. Subdivision 3 of section 489-dddddd of the real property tax  law
    8  is amended by adding a new paragraph (c) to read as follows:
    9    (C)  NOTWITHSTANDING PARAGRAPHS (A) AND (B) OF THIS SUBDIVISION, BENE-
   10  FITS PURSUANT TO PARAGRAPH (B-1) OF SUBDIVISION THREE  OF  SECTION  FOUR
   11  HUNDRED  EIGHTY-NINE-BBBBBB  OF THIS TITLE MAY BE GRANTED FOR INDUSTRIAL
   12  CONSTRUCTION WORK ON A PEAKING UNIT PERFORMED  PURSUANT  TO  A  BUILDING
   13  PERMIT ISSUED ON OR BEFORE AUGUST FIRST, TWO THOUSAND NINETEEN, OR IF NO
   14  PERMIT  WAS REQUIRED, FOR INDUSTRIAL CONSTRUCTION WORK ON A PEAKING UNIT
   15  COMMENCED ON OR BEFORE AUGUST FIRST, TWO THOUSAND NINETEEN.
   16    S 3. Subdivision a of section 11-271 of the administrative code of the
   17  city of New York is amended by adding a new paragraph  1-a  to  read  as
   18  follows:
   19    (1-A)  NOTWITHSTANDING  PARAGRAPH ONE OF THIS SUBDIVISION, APPLICATION
   20  FOR BENEFITS PURSUANT TO PARAGRAPH TWO-A OF  SUBDIVISION  C  OF  SECTION
   21  11-269 OF THIS PART MAY BE MADE UNTIL JULY FIRST, TWO THOUSAND NINETEEN.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01763-01-5
       S. 3834                             2
    1    S 4. Subdivision c of section 11-271 of the administrative code of the
    2  city  of  New  York  is  amended  by adding a new paragraph 3 to read as
    3  follows:
    4    (3)  NOTWITHSTANDING PARAGRAPHS ONE AND TWO OF THIS SUBDIVISION, BENE-
    5  FITS PURSUANT TO PARAGRAPH TWO-A OF SUBDIVISION C OF SECTION  11-269  OF
    6  THIS  PART  MAY BE GRANTED FOR INDUSTRIAL CONSTRUCTION WORK ON A PEAKING
    7  UNIT PERFORMED PURSUANT TO A BUILDING PERMIT ISSUED ON OR BEFORE  AUGUST
    8  FIRST,  TWO  THOUSAND NINETEEN, OR IF NO PERMIT WAS REQUIRED, FOR INDUS-
    9  TRIAL CONSTRUCTION WORK ON A PEAKING UNIT COMMENCED ON OR BEFORE  AUGUST
   10  FIRST, TWO THOUSAND NINETEEN.
   11    S 5. This act shall take effect immediately.