Bill Text: NY S05247 | 2013-2014 | General Assembly | Introduced

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Bill Title: Revives and extends the expiration of provisions authorizing the city of New York to exempt certain new multiple dwellings from real property taxation.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Engrossed - Dead) 2014-01-08 - REFERRED TO CITIES [S05247 Detail]

Download: New_York-2013-S05247-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5247
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                     May 15, 2013
                                      ___________
       Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
         printed to be committed to the Committee on Cities
       AN ACT to amend local law number 58 of the city of New York for the year
         2006, amending the New York city charter and the  administrative  code
         of the city of New York relating to the establishment of an affordable
         housing  fund and benefits, in relation to extending the expiration of
         exemption of new multiple dwellings from real property taxation
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Section 12 of local law number 58 of the city of New York
    2  for the year 2006, amending the New York city charter and  the  adminis-
    3  trative code of the city of New York relating to the establishment of an
    4  affordable housing fund and benefits, is amended to read as follows:
    5    S  12.  This  local  law  shall  take effect one year after enactment,
    6  provided that the commissioner of housing preservation  and  development
    7  shall take such actions as are necessary for its implementation prior to
    8  such  effective  date  [and  further provided, that sections one through
    9  eight of this local law shall expire four years after their enactment].
   10    S 2. This act shall take effect immediately and  shall  be  deemed  to
   11  have been in full force and effect on and after December 28, 2010.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10674-02-3