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A03161 Summary:

BILL NO    A03161 

SAME AS    No Same as 

SPONSOR    Titone



Confirms eligibility for and directs the New York city department of finance to
provide exemption from taxation for certain residential dwelling units in the
county of Richmond; provides that the exemption benefits shall be based upon
all increases in assessed valuation, whether they are physical or equalization
increases; sets forth the annual exemption benefits; provides that all
exemption benefits prior to the current tax year shall result in credits to be
applied to future taxes; provides that an extension may be granted for
completion of the subject projects up to 96 months but no later than December
31, 2017.
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