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Speaker Carl E. Heastie
 
     
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A01193 Summary:

BILL NOA01193
 
SAME ASNo Same As
 
SPONSORPeoples-Stokes
 
COSPNSR
 
MLTSPNSR
 
Add §467-o, RPT L
 
Provides tax abatement related to the removal of leaded paint; defines terms.
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A01193 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
 submitted in accordance with Assembly Rule III, Sec 1(f)




 
BILL NUMBER: A1193
 
SPONSOR: Peoples-Stokes

 
TITLE OF BILL:
 
An act to amend the real property tax law, in relation to providing a
tax abatement related to the removal of leaded paint
 
 
PURPOSE OR GENERAL IDEA OF BILL:
 
The purpose of this bill is to provide a tax abatement to landlords for
the removal of leaded paint from their residential properties.
 
 
SUMMARY OF PROVISIONS:
 
This bill amends the real property tax law by adding a new section 467-o
to allow a partial tax abatement of real property taxes for residential
rental dwellings where the owner removes the leaded paint from the
building pursuant to a local law or resolution.
 
 
JUSTIFICATION:
 
Lead paint is extremely hazardous and endangers public health, especial-
ly by impairing child development. To help protect against harms associ-
ated with lead paint, this bill provides and incentive in the form of a
partial tax abatement of real property taxes to landlords who remove
leaded paint from their buildings. By providing the tax abatement, land-
lords will be able to defray a portion of the cost of removing leaded
paint from their buildings.
 
 
PRIOR LEGISLATIVE HISTORY:
 
A.1041 of 2023/2024; A.4397 of 2021/2022; A.6705 of 2019/2020; A.2237-B
of 2017/2018; A.3204 of 2015/2016; A.4434 of 2013/2014; A.9291 of 2012;
A.2524 of 2011.
 
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
 
To be determined.
 
 
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to assessment
rolls prepared on the basis of taxable status dates occurring on or
after January 1, 2026.
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