|SAME AS||SAME AS S03851-B|
|COSPNSR||Colton, Weprin, Abbate, Camara, Cymbrowitz, Rodriguez, Brook-Krasny, Sepulveda|
|Amd S489, RPT L|
|Makes technical corrections to the real property tax law relating to the commencement and completion dates for benefit qualifying alterations and improvements.|
|04/29/2013||referred to real property taxation|
|05/23/2013||amend and recommit to real property taxation|
|05/23/2013||print number 7005a|
|01/08/2014||referred to real property taxation|
Go to top
NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A7005A SPONSOR: Lentol
TITLE OF BILL: An act to amend the real property tax law, in relation to exemption from taxation of alterations and improvements to multiple dwellings to eliminate fire and health hazards   PURPOSE: Makes technical corrections to the real property tax law relating to the commencement and completion dates for benefit qualifying alterations and improvements to ensure that projects in progress upon expiration could continue to qualify for benefits.   SUMMARY OF PROVISIONS: Provides projects commenced on or before Dec. 31, 2011 and complete before Dec. 31, 2014 will qualify for benefits under the J-5I program.   EXISTING LAW: Ch. 4 of the L. of 2013 would have required certain properties to have completed work on or before December 31, 2011 in order to qualify for benefits. This will allow those projects to complete under the old J-51 program rules and continue the requirements for those projects commenced on and after January 1, 2012.   JUSTIFICATION: Chapter 4 of the Laws of 2013 resulted in unfair treatment of properties which had been in the process of making alter- ations or improvements, or that had commenced a conversion prior to the expiration of the J-51 program. The J-51 Program has been continued in Chapter 4 but has sat new threshold requirements in order to receive benefits. Those projects which had been underway when the existing law expired had a reasonable expectation in having the program continue and that the properties would receive the benefits under the 3-51 program. This legislation creates a narrow window to allow those properties to continue to qualify for benefits, while continuing the important reforms to the program for projects commenced after January 1, 2012.   LEGISLATIVE HISTORY: New Bill   FISCAL IMPLICATIONS: None to the State.   EFFECTIVE DATE: On the same Pate and in the same manner as Ch. 4 of the Laws of 2013.
Go to top
STATE OF NEW YORK ________________________________________________________________________ 7005--A 2013-2014 Regular Sessions IN ASSEMBLY April 29, 2013 ___________ Introduced by M. of A. LENTOL -- read once and referred to the Committee on Real Property Taxation -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to exemption from taxation of alterations and improvements to multiple dwellings to eliminate fire and health hazards The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The opening paragraph of paragraph (b) of subdivision 17 of 2 section 489 of the real property tax law, as added by chapter 4 of the 3 laws of 2013, is amended to read as follows: 4 Any local law or ordinance providing for benefits pursuant to this 5 section must also provide the following with respect to conversions, 6 alterations or improvements [ completed] except for which a notice of 7 intent was filed on or [ after] before December thirty-first, two thou- 8 sand eleven and completed on or before December thirty-first, two thou- 9 sand fourteen: 10 § 2. Subparagraph (ii) of paragraph (b) of subdivision 17 of section 11 489 of the real property tax law, as added by chapter 4 of the laws of 12 2013, is amended to read as follows: 13 (ii) no benefits pursuant to this section shall be granted for the 14 conversion of any non-residential building or structure into a class A 15 multiple dwelling unless such conversion was carried out with substan- 16 tial governmental assistance. This provision restricting benefits to 17 conversions carried out with substantial governmental assistance shall 18 not apply to conversions for which a notice of intent was filed, or 19 which commenced, before December thirty-first, two thousand eleven and 20 which were completed by December thirty-first, two thousand fourteen. 21 Such conversion shall be completed within thirty months after the date 22 on which same shall be started, provided, however, that with respect to 23 conversions commenced on or before December thirty-first, two thousand EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09001-08-3A. 7005--A 2 1 eleven, such projects shall be completed within thirty-six months after 2 the date on which same shall be started. 3 § 3. This act shall take effect immediately and shall be deemed to 4 have been in full force and effect on the same date and in the same 5 manner as section 3 of chapter 4 of the laws of 2013, took effect.