Bill Text: NY S09308 | 2021-2022 | General Assembly | Introduced

New York Senate Bill 9308 (Prior Session Legislation)

Introduced

Bill Title: Extends the effectiveness of certain provisions dealing with tax exemptions for rent regulated properties occupied by senior citizens and persons with disabilities.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-05-23 - SUBSTITUTED BY A10142 [S09308 Detail]

Download: New_York-2021-S09308-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________

                                          9308

                    IN SENATE

                                      May 13, 2022
                                       ___________

        Introduced  by Sen. KAVANAGH -- read twice and ordered printed, and when
          printed to be committed to the Committee on Aging

        AN ACT to amend part U of chapter 55 of the laws of 2014,  amending  the
          real  property tax law relating to the tax abatement and exemption for
          rent regulated and rent controlled property occupied by  senior  citi-
          zens,  in  relation to the effectiveness thereof; and to amend chapter
          129 of the laws of 2014, amending the real property tax  law  relating
          to  the  tax  abatement  and  exemption  for  rent  regulated and rent
          controlled property occupied by persons with disabilities, in relation
          to the effectiveness thereof

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

     1    Section  1.  Section  4  of  part U of chapter 55 of the laws of 2014,
     2  amending the real property tax law relating to  the  tax  abatement  and
     3  exemption  for  rent  regulated and rent controlled property occupied by
     4  senior citizens, as amended by section 1 of item Z of subpart B of  part
     5  XXX of chapter 58 of the laws of 2020, is amended to read as follows:
     6    § 4. This act shall take effect July 1, 2014, and sections one and two
     7  of  this  act  shall expire and be deemed repealed June 30, [2022] 2024;
     8  provided that the amendment to section 467-b of the  real  property  tax
     9  law  made  by section one of this act shall not affect the expiration of
    10  such section and shall be deemed to expire therewith.
    11    § 2. Section 4 of chapter 129 of the laws of 2014, amending  the  real
    12  property  tax  law  relating to the tax abatement and exemption for rent
    13  regulated and rent controlled property occupied by persons with disabil-
    14  ities, as amended by section 2 of item Z of subpart B  of  part  XXX  of
    15  chapter 58 of the laws of 2020, is amended to read as follows:
    16    § 4. This act shall take effect July 1, 2014 provided, however, that:
    17    (a) the amendments to paragraph b of subdivision 3 of section 467-b of
    18  the  real  property  tax  law  made  by section one of this act shall be
    19  subject to the expiration and reversion of such subdivision pursuant  to
    20  section  17  of  chapter  576 of the laws of 1974, as amended, when upon
    21  such date the provisions of section two of this act shall  take  effect;
    22  and

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15403-01-2

        S. 9308                             2

     1    (b)  nothing  contained in this act shall be construed so as to extend
     2  the provisions of this act beyond June 30, [2022] 2024, when  upon  such
     3  date  this  act  shall  expire  and the provisions contained in this act
     4  shall be deemed repealed.
     5    § 3. This act shall take effect immediately.