A08231 Summary:

BILL NO    A08231 

SAME AS    No same as 

SPONSOR    Wright (MS)

COSPNSR    Glick, Davila, Silver, Ortiz

MLTSPNSR   

Amd SS489 & 467-a, RPT L; amd SS11-1706, 22-622, 22-624, 22-601, 22-602 &
11-704, NYC Ad Cd; amd SS282-a & 284, Mult Dwell L; rpld S27 sub (h), Chap 4 of
2013; amd S10, Chap 555 of 1982; amd S4, Chap 402 of 1983; amd S1115, Tax L;
amd Part C S2, Chap 2 of 2005; amd SS25-z, 25-ee, 25-s, 25-t, 25-aa & 25-bb,
Gen City L

Relates to tax abatements, general corporation tax in NYC, conversion of
residential property to condominiums, and loft authorization.
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A08231 Actions:

BILL NO    A08231 

06/12/2015 referred to ways and means
06/15/2015 reported referred to rules
06/15/2015 reported 
06/15/2015 rules report cal.490
06/15/2015 ordered to third reading rules cal.490
06/15/2015 passed assembly
06/15/2015 delivered to senate
06/15/2015 REFERRED TO RULES
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A08231 Text:

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

                                         8231

                              2015-2016 Regular Sessions

                                 I N  A S S E M B L Y

                                     June 12, 2015
                                      ___________

       Introduced  by  M.  of A. WRIGHT, GLICK -- read once and referred to the
         Committee on Ways and Means

       AN ACT to amend the real property tax  law,  in  relation  to  extending
         provisions  of  law  relating  to  tax abatements for certain multiple
         dwellings (Part A); to amend the real property tax law, in relation to
         extending certain abatements (Part B);  to  amend  the  administrative
         code  of the city of New York, in relation to extending the credit for
         general corporation tax paid (Part C); to amend the multiple  dwelling
         law,  in  relation  to  application  for  coverage of interim multiple
         dwellings and residential units; and  to  repeal  subdivision  (h)  of
         section 27 of chapter 4 of the laws of 2013 amending the real property
         tax  law,  relating  to  exemption  from  taxation  to alterations and
         improvements to  multiple  dwellings  to  eliminate  fire  and  health
         hazards relating thereto (Part D); to amend chapter 555 of the laws of
         1982  amending the general business law and the administrative code of
         the city of New York relating to conversion of residential property to
         cooperative or condominium ownership in  the  city  of  New  York,  in
         relation  to extending the effectiveness thereof; to amend chapter 402
         of the laws of 1983 amending the  general  business  law  relating  to
         conversion  of rental residential property to cooperative or condomin-
         ium ownership in certain municipalities in  the  counties  of  Nassau,
         Westchester  and  Rockland, in relation to extending the effectiveness
         thereof (Part E); and to amend the tax law, in relation to the  tempo-
         rary  exemption from sales and use taxes for premises used for commer-
         cial office space in Lower Manhattan; and to amend part C of chapter 2
         of the laws of 2005 amending the tax law relating to  exemptions  from
         sales and use taxes, in relation to the effectiveness thereof (Subpart
         A);  to  amend the general city law and the administrative code of the
         city of New York, in relation to extending the relocation and  employ-
         ment assistance program and the Lower Manhattan relocation and employ-
         ment assistance program (Subpart B); to amend the general city law and
         the  administrative  code  of  the  city  of  New York, in relation to
         extending the special rebates and discounts provided pursuant  to  the
         energy  cost  savings  program  and the Lower Manhattan energy program

        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD11640-03-5
       A. 8231                             2

         (Subpart C); and to amend the administrative code of the city  of  New
         York,  in relation to the amount of special reduction allowed (Subpart
         D) (Part F)

         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section 1. This act enacts into law major  components  of  legislation
    2  relating  to  real  property  tax abatements.   Each component is wholly
    3  contained within a Part identified as Parts A through F.  The  effective
    4  date  for  each  particular  provision contained within such Part is set
    5  forth in the last section of such Part. Any  provision  in  any  section
    6  contained within a Part, including the effective date of the Part, which
    7  makes  a  reference  to a section "of this act", when used in connection
    8  with that particular component, shall be deemed to mean and refer to the
    9  corresponding section of the Part in which it is found. Section three of
   10  this act sets forth the general effective date of this act.

   11                                   PART A

   12    Section 1. The opening paragraph of paragraph (a) of subdivision 1  of
   13  section 489 of the real property tax law, as amended by chapter 4 of the
   14  laws of 2013, is amended to read as follows:
   15    Any  city  to  which  the  multiple dwelling law is applicable, acting
   16  through its local legislative body or other governing agency, is  hereby
   17  authorized  and  empowered, to and including January first, two thousand
   18  [fifteen] SEVENTEEN, to adopt and amend local laws or ordinances provid-
   19  ing that any increase in assessed valuation of real  property  shall  be
   20  exempt  from  taxation  for  local  purposes, as provided herein, to the
   21  extent such increase results from:
   22    S 2. The closing paragraph of  subparagraph  6  of  paragraph  (a)  of
   23  subdivision 1 of section 489 of the real property tax law, as amended by
   24  chapter 4 of the laws of 2013, is amended to read as follows:
   25    Such conversion, alterations or improvements shall be completed within
   26  thirty  months after the date on which same shall be started except that
   27  such thirty month limitation shall not apply to conversions of  residen-
   28  tial  units  which are registered with the loft board in accordance with
   29  article seven-C of the multiple dwelling law  pursuant  to  subparagraph
   30  one  of  this  paragraph.  Notwithstanding  the foregoing, a sixty month
   31  period for completion shall be available for alterations or improvements
   32  undertaken by a housing development fund company organized  pursuant  to
   33  article eleven of the private housing finance law, which are carried out
   34  with  the  substantial assistance of grants, loans or subsidies from any
   35  federal, state or local governmental agency or instrumentality or  which
   36  are  carried out in a property transferred from such city if alterations
   37  and improvements are completed within seven  years  after  the  date  of
   38  transfer.  In  addition, the local housing agency is hereby empowered to
   39  grant an extension of the period of completion for any  project  carried
   40  out  with  the substantial assistance of grants, loans or subsidies from
   41  any federal, state or local governmental agency or  instrumentality,  if
   42  such  alterations or improvements are completed within sixty months from
   43  commencement of construction. Provided, further, that  such  conversion,
   44  alterations  or  improvements  shall  in any event be completed prior to
   45  June thirtieth, two thousand [fifteen] SEVENTEEN. Exemption for  conver-
   46  sions,  alterations  or  improvements pursuant to subparagraph one, two,
       A. 8231                             3

    1  three or four of this paragraph shall  continue  for  a  period  not  to
    2  exceed  fourteen  years and begin no sooner than the first quarterly tax
    3  bill immediately following the completion  of  such  conversion,  alter-
    4  ations or improvements. Exemption for alterations or improvements pursu-
    5  ant  to  this  subparagraph or subparagraph five of this paragraph shall
    6  continue for a period not to exceed thirty-four years and shall begin no
    7  sooner than the first  quarterly  tax  bill  immediately  following  the
    8  completion  of such alterations or improvements. Such exemption shall be
    9  equal to the increase in the valuation which is subject to exemption  in
   10  full  or  proportionally under this subdivision for ten or thirty years,
   11  whichever is applicable. After such period of time, the amount  of  such
   12  exempted  assessed  valuation  of  such improvements shall be reduced by
   13  twenty percent in each succeeding year until the assessed value  of  the
   14  improvements  are  fully taxable.   Provided, however, exemption for any
   15  conversion, alterations or improvements which are aided  by  a  loan  or
   16  grant  under  article eight, eight-A, eleven, twelve, fifteen or twenty-
   17  two of the private housing finance law, section six hundred ninety-six-a
   18  or section ninety-nine-h of the general municipal law, or section  three
   19  hundred  twelve  of  the  housing act of nineteen hundred sixty-four (42
   20  U.S.C.A. 1452b), or the Cranston-Gonzalez  national  affordable  housing
   21  act (42 U.S.C.A. 12701 et.  seq.), or started after July first, nineteen
   22  hundred  eighty-three  by  a  housing development fund company organized
   23  pursuant to article eleven of the private housing finance law which  are
   24  carried  out  with the substantial assistance of grants, loans or subsi-
   25  dies from any federal, state or local governmental agency or  instrumen-
   26  tality  or which are carried out in a property transferred from any city
   27  and where alterations and improvements are completed within seven  years
   28  after  the  date  of  transfer  may commence at the beginning of any tax
   29  quarter subsequent to the  start  of  such  conversion,  alterations  or
   30  improvements and prior to the completion of such conversion, alterations
   31  or improvements.
   32    S  3.  This act shall take effect immediately; provided, however, that
   33  if this act shall become law after June  30,  2015,  then  it  shall  be
   34  deemed to have been in full force and effect on and after June 30, 2015.

   35                                   PART B

   36    Section 1. Paragraphs (a) and (b) of subdivision 2 of section 467-a of
   37  the  real property tax law, as amended by chapter 4 of the laws of 2013,
   38  are amended to read as follows:
   39    (a) In a city having a population of one  million  or  more,  dwelling
   40  units  owned  by  unit  owners  who, as of the applicable taxable status
   41  date, own no more than three dwelling units in any one property held  in
   42  the  condominium  form  of  ownership,  shall  be  eligible to receive a
   43  partial abatement of real property taxes, as  set  forth  in  paragraphs
   44  (c),  (d),  (d-1), (d-2), (d-3), (d-4), (d-5) and (d-6) of this subdivi-
   45  sion; provided, however, that a property held in the condominium form of
   46  ownership that is  receiving  complete  or  partial  real  property  tax
   47  exemption or tax abatement pursuant to any other provision of this chap-
   48  ter or any other state or local law, except as provided in paragraph (f)
   49  of  this  subdivision, shall not be eligible to receive a partial abate-
   50  ment pursuant to this section;  and  provided,  further,  that  sponsors
   51  shall  not  be  eligible to receive a partial abatement pursuant to this
   52  section; and provided, further, that in the fiscal [year] YEARS commenc-
   53  ing in calendar years two thousand twelve, two thousand  thirteen,  [or]
   54  two  thousand fourteen, TWO THOUSAND FIFTEEN, OR TWO THOUSAND SIXTEEN no
       A. 8231                             4

    1  more than a maximum of three dwelling units owned by any unit owner in a
    2  single building, one of which must be the primary residence of such unit
    3  owner, shall be eligible to receive  a  partial  abatement  pursuant  to
    4  paragraphs (d-1), (d-2), (d-3) and (d-4) of this [section] SUBDIVISION.
    5    (b)  In  a  city  having a population of one million or more, dwelling
    6  units owned by tenant-stockholders who, as  of  the  applicable  taxable
    7  status  date,  own no more than three dwelling units in any one property
    8  held in the cooperative form of ownership, shall be eligible to  receive
    9  a  partial  abatement of real property taxes, as set forth in paragraphs
   10  (c), (d), (d-1), (d-2), (d-3), (d-4), (d-5) and (d-6) of  this  subdivi-
   11  sion; provided, however, that a property held in the cooperative form of
   12  ownership  that  is  receiving  complete  or  partial  real property tax
   13  exemption or tax abatement pursuant to any other provision of this chap-
   14  ter or any other state or local law, except as provided in paragraph (f)
   15  of this subdivision, shall not be eligible to receive a  partial  abate-
   16  ment  pursuant  to  this  section;  and provided, further, that sponsors
   17  shall not be eligible to receive a partial abatement  pursuant  to  this
   18  section; and provided, further, that in the fiscal [year] YEARS commenc-
   19  ing  in  calendar years two thousand twelve, two thousand thirteen [or],
   20  two thousand fourteen, TWO THOUSAND FIFTEEN, OR TWO THOUSAND SIXTEEN  no
   21  more  than  a maximum of three dwelling units owned by any tenant-stock-
   22  holder in a single building, one of which must be the primary  residence
   23  of  such  tenant-stockholder,  shall  be  eligible  to receive a partial
   24  abatement pursuant to paragraphs (d-1), (d-2), (d-3) and (d-4)  of  this
   25  [section]  SUBDIVISION.    For purposes of this section, a tenant-stock-
   26  holder of a cooperative apartment corporation shall be deemed to own the
   27  dwelling unit which is represented by his or her shares of stock in such
   28  corporation. Any abatement so granted shall be credited by the appropri-
   29  ate taxing authority against the tax due on the property as a whole. The
   30  reduction in real property taxes received thereby shall be  credited  by
   31  the  cooperative  apartment corporation against the amount of such taxes
   32  attributable to eligible dwelling units at the time of receipt.
   33    S 2. Paragraphs (d-1), (d-2), (d-3) and  (d-4)  of  subdivision  2  of
   34  section 467-a of the real property tax law, as added by chapter 4 of the
   35  laws of 2013, are amended to read as follows:
   36    (d-1)  In  the  fiscal  years  commencing in calendar [year] YEARS two
   37  thousand twelve, two thousand thirteen and two thousand fourteen, eligi-
   38  ble dwelling units in property whose average unit assessed value is less
   39  than or equal to fifty thousand dollars shall receive a  partial  abate-
   40  ment  of the real property taxes attributable to or due on such dwelling
   41  units of twenty-five percent, twenty-six and one-half percent and  twen-
   42  ty-eight  and  one-tenth  percent  respectively.    IN  THE FISCAL YEARS
   43  COMMENCING IN CALENDAR YEARS  TWO  THOUSAND  FIFTEEN  AND  TWO  THOUSAND
   44  SIXTEEN, ELIGIBLE DWELLING UNITS IN PROPERTY WHOSE AVERAGE UNIT ASSESSED
   45  VALUE  IS  LESS  THAN OR EQUAL TO FIFTY THOUSAND DOLLARS SHALL RECEIVE A
   46  PARTIAL ABATEMENT OF THE REAL PROPERTY TAXES ATTRIBUTABLE TO OR  DUE  ON
   47  SUCH DWELLING UNITS OF TWENTY-EIGHT AND ONE-TENTH PERCENT.
   48    (d-2)  In  the  fiscal  years  commencing in calendar [year] YEARS two
   49  thousand twelve, two thousand thirteen and two thousand fourteen, eligi-
   50  ble dwelling units in property whose average unit assessed value is more
   51  than fifty thousand dollars, but less than or equal to fifty-five  thou-
   52  sand  dollars,  shall  receive  a partial abatement of the real property
   53  taxes attributable to or due on such dwelling units  of  twenty-two  and
   54  one-half  percent, twenty-three and eight-tenths percent and twenty-five
   55  and two-tenths percent respectively.  IN THE FISCAL YEARS COMMENCING  IN
   56  CALENDAR  YEARS  TWO THOUSAND FIFTEEN AND TWO THOUSAND SIXTEEN, ELIGIBLE
       A. 8231                             5

    1  DWELLING UNITS IN PROPERTY WHOSE AVERAGE UNIT  ASSESSED  VALUE  IS  MORE
    2  THAN  FIFTY THOUSAND DOLLARS, BUT LESS THAN OR EQUAL TO FIFTY-FIVE THOU-
    3  SAND DOLLARS, SHALL RECEIVE A PARTIAL ABATEMENT  OF  THE  REAL  PROPERTY
    4  TAXES  ATTRIBUTABLE  TO OR DUE ON SUCH DWELLING UNITS OF TWENTY-FIVE AND
    5  TWO-TENTHS PERCENT.
    6    (d-3) In the fiscal years commencing  in  calendar  [year]  YEARS  two
    7  thousand twelve, two thousand thirteen and two thousand fourteen, eligi-
    8  ble dwelling units in property whose average unit assessed value is more
    9  than  fifty-five thousand dollars, but less than or equal to sixty thou-
   10  sand dollars, shall receive a partial abatement  of  the  real  property
   11  taxes  attributable  to or due on such dwelling units of twenty percent,
   12  twenty-one  and  two-tenths  percent,  and  twenty-two  and  five-tenths
   13  percent  respectively.  IN THE FISCAL YEARS COMMENCING IN CALENDAR YEARS
   14  TWO THOUSAND FIFTEEN AND TWO THOUSAND SIXTEEN, ELIGIBLE  DWELLING  UNITS
   15  IN  PROPERTY  WHOSE  AVERAGE UNIT ASSESSED VALUE IS MORE THAN FIFTY-FIVE
   16  THOUSAND DOLLARS, BUT  LESS THAN OR EQUAL  TO  SIXTY  THOUSAND  DOLLARS,
   17  SHALL  RECEIVE  A PARTIAL ABATEMENT OF THE REAL PROPERTY TAXES ATTRIBUT-
   18  ABLE TO OR DUE ON SUCH DWELLING  UNITS  OF  TWENTY-TWO  AND  FIVE-TENTHS
   19  PERCENT.
   20    (d-4)  In  the  fiscal  years  commencing in calendar [year] YEARS two
   21  thousand twelve, two thousand thirteen [and], two thousand fourteen, TWO
   22  THOUSAND FIFTEEN AND TWO THOUSAND SIXTEEN, eligible  dwelling  units  in
   23  property  whose  average unit assessed value is more than sixty thousand
   24  dollars shall receive a partial abatement of  the  real  property  taxes
   25  attributable  to or due on such dwelling units of seventeen and one-half
   26  percent.
   27    S 3. Paragraph (a) of subdivision 3 of section 467-a of the real prop-
   28  erty tax law, as amended by chapter 4 of the laws of 2013, is amended to
   29  read as follows:
   30    (a) An application for an abatement pursuant to this section  for  the
   31  fiscal  year  commencing  in  calendar  year nineteen hundred ninety-six
   32  shall be made no later than the fifteenth  day  of  September,  nineteen
   33  hundred  ninety-six.  An  application  for an abatement pursuant to this
   34  section for the fiscal year commencing in calendar year nineteen hundred
   35  ninety-seven shall be made no later than the first day of  April,  nine-
   36  teen  hundred  ninety-seven. An application for an abatement pursuant to
   37  this section for the fiscal year commencing in  calendar  year  nineteen
   38  hundred ninety-eight shall be made no later than the first day of April,
   39  nineteen  hundred ninety-eight. An application for an abatement pursuant
   40  to this section for the fiscal year commencing in calendar year nineteen
   41  hundred ninety-nine shall be made in accordance  with  this  subdivision
   42  and subdivision three-a of this section. An application for an abatement
   43  pursuant to this section for the fiscal year commencing in calendar year
   44  two  thousand shall be made no later than the fifteenth day of February,
   45  two thousand. An application for an abatement pursuant to  this  section
   46  for  the  fiscal year commencing in calendar year two thousand one shall
   47  be made in accordance with this subdivision and subdivision  three-b  of
   48  this  section.  An application for an abatement pursuant to this section
   49  for the fiscal year commencing in calendar year two thousand  two  shall
   50  be  made  no later than the fifteenth day of February, two thousand two.
   51  An application for an abatement pursuant to this section for the  fiscal
   52  year  commencing  in  calendar  year two thousand three shall be made no
   53  later than the fifteenth day of February, two thousand three. An  appli-
   54  cation  for  an  abatement  pursuant to this section for the fiscal year
   55  commencing in calendar year two thousand four shall be made  in  accord-
   56  ance  with  this subdivision and subdivision three-c of this section. An
       A. 8231                             6

    1  application for an abatement pursuant to this  section  for  the  fiscal
    2  year  commencing  in  calendar  year  two thousand five shall be made no
    3  later than the fifteenth day of February, two thousand five. An applica-
    4  tion  for  an  abatement  pursuant  to  this section for the fiscal year
    5  commencing in calendar year two thousand six shall be made no later than
    6  the fifteenth day of February, two thousand six. An application  for  an
    7  abatement  pursuant  to  this  section for the fiscal year commencing in
    8  calendar year two thousand  seven  shall  be  made  no  later  than  the
    9  fifteenth day of February, two thousand seven. An application for abate-
   10  ment pursuant to this section for the fiscal year commencing in calendar
   11  year  two  thousand eight shall be made in accordance with this subdivi-
   12  sion and subdivision three-d of this  section.  An  application  for  an
   13  abatement  pursuant  to  this  section for the fiscal year commencing in
   14  calendar year two  thousand  nine  shall  be  made  no  later  than  the
   15  fifteenth  day  of  February,  two  thousand nine. An application for an
   16  abatement pursuant to this section for the  fiscal  year  commencing  in
   17  calendar year two thousand ten shall be made no later than the fifteenth
   18  day  of  February,  two  thousand  ten.  An application for an abatement
   19  pursuant to this section for the fiscal year commencing in calendar year
   20  two thousand eleven shall be made no later than  the  fifteenth  day  of
   21  February,  two thousand eleven. An application for an abatement pursuant
   22  to this section for the fiscal years commencing in  calendar  years  two
   23  thousand  twelve  and  two thousand thirteen shall be made in accordance
   24  with subdivision three-e of this section. The date  or  dates  by  which
   25  applications for an abatement pursuant to this section shall be made for
   26  the  fiscal [year] YEARS beginning in calendar [year] YEARS two thousand
   27  fourteen, TWO THOUSAND FIFTEEN AND TWO THOUSAND SIXTEEN shall be  estab-
   28  lished  by  the commissioner of finance by rule, provided that such date
   29  or dates shall not be later than the fifteenth day of February for  such
   30  calendar [year] YEARS.
   31    S 4. This act shall take effect immediately.

   32                                   PART C

   33    Section  1.  Subparagraph  (A)  of  paragraph  2 of subdivision (f) of
   34  section 11-1706 of the administrative code of the city of New  York,  as
   35  added by chapter 4 of the laws of 2013, is amended to read as follows:
   36    (A)  Subject to the limitations set forth in subparagraphs (B) and (C)
   37  of this paragraph, the credit allowed to a taxpayer for a  taxable  year
   38  under this subdivision shall be determined as follows:
   39    (i)  For  taxable years beginning on or after January first, two thou-
   40  sand fourteen and before July first, two thousand [fifteen] SEVENTEEN:
   41    (I) If the city taxable income  is  thirty-five  thousand  dollars  or
   42  less,  the  amount  of  the  credit  shall be one hundred percent of the
   43  amount determined in paragraph three of this subdivision.
   44    (II) If the city taxable income is greater than  thirty-five  thousand
   45  dollars  but  less  than one hundred thousand dollars, the amount of the
   46  credit shall be a percentage of the amount determined in paragraph three
   47  of this subdivision, such percentage to  be  determined  by  subtracting
   48  from  one  hundred percent, a percentage determined by subtracting thir-
   49  ty-five thousand dollars from city taxable income, dividing  the  result
   50  by sixty-five thousand dollars and multiplying by one hundred percent.
   51    (III)  If  the  city taxable income is one hundred thousand dollars or
   52  greater, no credit shall be allowed.
   53    (IV) Provided further that for any taxable  year  of  a  taxpayer  for
   54  which  this  credit  is  effective that encompasses days occurring after
       A. 8231                             7

    1  June thirtieth, two thousand [fifteen]  SEVENTEEN,  the  amount  of  the
    2  credit determined in item (I) or (II) of this clause shall be multiplied
    3  by  a  fraction,  the  numerator  of  which is the number of days in the
    4  taxpayer's taxable year occurring on or before June thirtieth, two thou-
    5  sand  [fifteen] SEVENTEEN, and the denominator of which is the number of
    6  days in the taxpayer's taxable year.
    7    S 2. This act shall take effect immediately.

    8                                   PART D

    9    Section 1. Section 282-a of the multiple dwelling law, as  amended  by
   10  chapter 159 of the laws of 2011, is amended to read as follows:
   11    S  282-a.  [Limitation  on  applications] APPLICATIONS for coverage of
   12  interim multiple dwellings and residential units.  1.  All  applications
   13  for  registration  as  an  interim  multiple dwelling or for coverage of
   14  residential units under this article shall be filed with the loft  board
   15  within  six  months after the date the loft board shall have adopted all
   16  rules or regulations necessary in order to implement the  provisions  of
   17  chapter  one  hundred  forty-seven  of  the  laws  of  two thousand ten,
   18  PROVIDED, HOWEVER, THAT APPLICATIONS  FOR  REGISTRATION  AS  AN  INTERIM
   19  MULTIPLE  DWELLING OR FOR COVERAGE OF RESIDENTIAL UNITS UNDER THIS ARTI-
   20  CLE MAY ALSO BE FILED BETWEEN SEPTEMBER FIRST, TWO THOUSAND FIFTEEN, AND
   21  AUGUST THIRTIETH, TWO THOUSAND SEVENTEEN.   The loft  board  may  subse-
   22  quently  amend  such rules and regulations but such amendments shall not
   23  recommence  the  time  period  in  which  applications  may  be   filed.
   24  [Notwithstanding any other provision of this article, after such date no
   25  further applications for registration or coverage as an interim multiple
   26  dwelling or for coverage under this article shall be accepted for owners
   27  or occupants of buildings that would otherwise qualify as interim multi-
   28  ple dwellings or for coverage pursuant to this article.]
   29    2.  Where  any occupant has filed an application for coverage pursuant
   30  to this article and has received a docket number from the loft board, it
   31  shall be unlawful for an owner to cause or intend to cause such occupant
   32  to vacate, surrender or waive any rights in relation to such  occupancy,
   33  due  to repeated interruptions or discontinuances of essential services,
   34  or an interruption or discontinuance of  an  essential  service  for  an
   35  extended  duration  or  of  such significance as to substantially impair
   36  habitability of such unit, at any time before the loft board has made  a
   37  final determination, including appeals, to approve or deny such applica-
   38  tion. This [subdivision] SECTION shall not grant any rights of continued
   39  occupancy  other than those otherwise granted by law. Any agreement that
   40  waives or limits the benefits of this  [subdivision]  SECTION  shall  be
   41  deemed  void as against public policy. In addition to any other remedies
   42  provided in this article for failure to be  in  compliance,  in  article
   43  eight  of  this  chapter,  or in the regulations promulgated by the loft
   44  board, an occupant who has filed an application with the loft board  for
   45  coverage  under this article may[, no later than thirty-six months after
   46  the loft board shall have adopted rules and regulations as set forth  in
   47  subdivision  one of this section,] commence an action or proceeding in a
   48  court  of  competent  jurisdiction,  which  notwithstanding  any   other
   49  provision  of  law  shall  include the housing part of the New York city
   50  civil court, to enforce the provisions of this [subdivision] SECTION.
   51    S 2. Paragraph (vi) of subdivision 1 of section 284  of  the  multiple
   52  dwelling law, as amended by chapter 4 of the laws of 2013, is amended to
   53  read as follows:
       A. 8231                             8

    1    (vi)  Notwithstanding  the provisions of paragraphs (i) through (v) of
    2  this subdivision the owner of an interim multiple dwelling made  subject
    3  to this article by subdivision five of section two hundred eighty-one of
    4  this  article  (A)  shall  file  an  alteration application [within nine
    5  months  from  the effective date of the chapter of the laws of two thou-
    6  sand  ten  which  amended  this  subparagraph]  ON   OR   BEFORE   MARCH
    7  TWENTY-FIRST,  TWO THOUSAND ELEVEN, or, for units that became subject to
    8  this article pursuant to the chapter of the laws of two  thousand  thir-
    9  teen  which amended this paragraph, [within nine months of the promulga-
   10  tion of all necessary rules and  regulations  pursuant  to  section  two
   11  hundred  eighty-two-a  of  this article] ON OR BEFORE JUNE ELEVENTH, TWO
   12  THOUSAND FOURTEEN, OR, FOR UNITS IN AN INTERIM  MULTIPLE  DWELLING  THAT
   13  WERE  LISTED  ON  AN APPLICATION FOR COVERAGE OR REGISTRATION FILED WITH
   14  THE LOFT BOARD PURSUANT TO THIS ARTICLE OR IN  A  COURT  PLEADING  AFTER
   15  MARCH  ELEVENTH, TWO THOUSAND FOURTEEN, WITHIN NINE MONTHS OF EITHER THE
   16  DATE OF THE INITIAL APPLICATION FOR COVERAGE OR THE  DATE  OF  THE  LOFT
   17  BOARD'S  ISSUANCE  OF AN INTERIM MULTIPLE DWELLING NUMBER OR THE DATE OF
   18  THE SERVICE OF THE PLEADING, WHICHEVER IS EARLIER, and  (B)  shall  take
   19  all  reasonable  and  necessary  action to obtain an approved alteration
   20  permit [within twelve months from such effective date] ON OR BEFORE JUNE
   21  TWENTY-FIRST, TWO THOUSAND ELEVEN, or, for units that became subject  to
   22  this  article  pursuant to the chapter of the laws of two thousand thir-
   23  teen which amended this paragraph, [within twelve months of the  promul-
   24  gation  of  all  necessary rules and regulations pursuant to section two
   25  hundred eighty-two-a of this article] ON OR BEFORE  SEPTEMBER  ELEVENTH,
   26  TWO  THOUSAND  FOURTEEN,  OR,  FOR UNITS IN AN INTERIM MULTIPLE DWELLING
   27  THAT WERE LISTED ON AN APPLICATION FOR COVERAGE  OR  REGISTRATION  FILED
   28  WITH  THE  LOFT  BOARD  PURSUANT  TO THIS ARTICLE OR IN A COURT PLEADING
   29  AFTER MARCH ELEVENTH, TWO THOUSAND FOURTEEN,  WITHIN  TWELVE  MONTHS  OF
   30  EITHER  THE  DATE OF THE INITIAL APPLICATION FOR COVERAGE OR THE DATE OF
   31  THE LOFT BOARD'S ISSUANCE OF AN INTERIM MULTIPLE DWELLING NUMBER OR  THE
   32  DATE OF THE SERVICE OF THE PLEADING, WHICHEVER IS EARLIER, and (C) shall
   33  achieve  compliance with the standards of safety and fire protection set
   34  forth in article seven-B of this chapter for the residential portions of
   35  the building within  eighteen  months  from  obtaining  such  alteration
   36  permit, and (D) shall take all reasonable and necessary action to obtain
   37  a  certificate of occupancy as a class A multiple dwelling for the resi-
   38  dential portions of the building or structure [within thirty months from
   39  such effective date] ON OR BEFORE DECEMBER  TWENTY-FIRST,  TWO  THOUSAND
   40  TWELVE, or for units that became subject to this article pursuant to the
   41  chapter  of  the  laws of two thousand thirteen which amended this para-
   42  graph [within thirty months of the promulgation of all  necessary  rules
   43  and  regulations  pursuant  to  section two hundred eighty-two-a of this
   44  article] ON OR BEFORE MARCH ELEVENTH,  TWO  THOUSAND  SIXTEEN,  OR,  FOR
   45  UNITS IN AN INTERIM MULTIPLE DWELLING THAT WERE LISTED ON AN APPLICATION
   46  FOR  COVERAGE OR REGISTRATION FILED WITH THE LOFT BOARD PURSUANT TO THIS
   47  ARTICLE OR IN A  COURT  PLEADING  AFTER  MARCH  ELEVENTH,  TWO  THOUSAND
   48  SIXTEEN, WITHIN THIRTY MONTHS OF EITHER THE DATE OF THE INITIAL APPLICA-
   49  TION FOR COVERAGE OR THE DATE OF THE LOFT BOARD'S ISSUANCE OF AN INTERIM
   50  MULTIPLE  DWELLING  NUMBER  OR  THE DATE OF THE SERVICE OF THE PLEADING,
   51  WHICHEVER IS EARLIER. The loft board may, upon  good  cause  shown,  and
   52  upon  proof  of  compliance  with  the  standards  of  safety  and  fire
   53  protection set forth in article seven-B of this  chapter,  twice  extend
   54  the  time  of  compliance  with  the requirement to obtain a residential
   55  certificate of occupancy for periods not to exceed twelve months each.
       A. 8231                             9

    1    S 3. Subdivision (h) of section 27 of chapter 4 of the  laws  of  2013
    2  amending  the  real property tax law relating to exemption from taxation
    3  to alterations and improvements to multiple dwellings to eliminate  fire
    4  and health hazards, is REPEALED.
    5    S  4.  This act shall take effect immediately, provided, however, that
    6  if this act shall become law after June  29,  2015,  then  it  shall  be
    7  deemed to have been in full force and effect on and after June 30, 2015.

    8                                   PART E

    9    Section  1. Section 10 of chapter 555 of the laws of 1982 amending the
   10  general business law and the administrative code of the city of New York
   11  relating to conversion of residential property to cooperative or  condo-
   12  minium  ownership  in  the  city of New York, as amended by section 4 of
   13  part B of chapter 97 of the laws of 2011, is amended to read as follows:
   14    S 10. This act shall  take  effect  immediately;  provided,  that  the
   15  provisions  of  sections  one,  two and nine of this act shall remain in
   16  full force and effect only until and including  June  15,  [2015]  2017;
   17  provided  further that the provisions of section three of this act shall
   18  remain in full force and effect only so long  as  the  public  emergency
   19  requiring  the regulation and control of residential rents and evictions
   20  continues as provided in subdivision 3 of section 1 of the  local  emer-
   21  gency  housing rent control act; provided further that the provisions of
   22  sections four, five, six and seven of this act shall expire  in  accord-
   23  ance with the provisions of section 26-520 of the administrative code of
   24  the city of New York as such section of the administrative code is, from
   25  time  to  time, amended; provided further that the provisions of section
   26  26-511 of the administrative code of the city of New York, as amended by
   27  this act, which the New York City Department of Housing Preservation and
   28  Development must find are contained in  the  code  of  the  real  estate
   29  industry  stabilization association of such city in order to approve it,
   30  shall be deemed contained therein as of the effective date of this  act;
   31  and provided further that any plan accepted for filing by the department
   32  of  law on or before the effective date of this act shall continue to be
   33  governed by the provisions of section 352-eeee of the  general  business
   34  law  as they had existed immediately prior to the effective date of this
   35  act.
   36    S 2. Section 4 of chapter 402 of the laws of 1983 amending the general
   37  business law relating to conversion of rental  residential  property  to
   38  cooperative  or  condominium  ownership in certain municipalities in the
   39  counties of Nassau, Westchester and Rockland, as amended by section 5 of
   40  part B of chapter 97 of the laws of 2011, is amended to read as follows:
   41    S 4. This act  shall  take  effect  immediately;  provided,  that  the
   42  provisions  of  sections  one and three of this act shall remain in full
   43  force and effect only until and including  June  15,  [2015]  2017;  and
   44  provided  further that any plan accepted for filing by the department of
   45  law on or before the effective date of this act  shall  continue  to  be
   46  governed  by  the  provisions of section 352-eee of the general business
   47  law as they had existed immediately prior to the effective date of  this
   48  act.
   49    S  3.  This act shall take effect immediately, provided, however, that
   50  if this act shall become a law after June 15, 2015,  then  it  shall  be
   51  deemed to have been in full force and effect on and after June 15, 2015.

   52                                   PART F
       A. 8231                            10

    1    Section  1.  This  act enacts into law major components of legislation
    2  relating to Lower Manhattan and the city of New York. Each component  is
    3  wholly  contained  within  a Subpart identified as Subparts A through D.
    4  The effective date for each particular provision contained  within  such
    5  Subpart  is set forth in the last section of such Subpart. Any provision
    6  in any section contained within a Subpart, including the effective  date
    7  of the Subpart, which makes a reference to a section "of this act", when
    8  used  in  connection  with that particular component, shall be deemed to
    9  mean and refer to the corresponding section of the Subpart in  which  it
   10  is found.

   11                                  SUBPART A

   12    Section  1.  Subparagraph  (A)  of  paragraph 7 of subdivision (ee) of
   13  section 1115 of the tax law, as amended by section 1  of  subpart  A  of
   14  part  GG  of  chapter  59  of  the  laws  of 2014, is amended to read as
   15  follows:
   16    (A) "Tenant" means a person who, as lessee, enters into a space  lease
   17  with  a  landlord for a term of ten years or more commencing on or after
   18  September first, two thousand five, but not later than, in the case of a
   19  space lease with respect to leased premises located in eligible areas as
   20  defined in clause (i) of subparagraph (D) of this  paragraph,  September
   21  first, two thousand [fifteen] NINETEEN and, in the case of a space lease
   22  with  respect to leased premises located in eligible areas as defined in
   23  clause (ii) of subparagraph (D) of this paragraph not later than Septem-
   24  ber first, two thousand [seventeen] NINETEEN, of  premises  for  use  as
   25  commercial  office  space  in  buildings located or to be located in the
   26  eligible areas. A person who currently  occupies  premises  for  use  as
   27  commercial  office  space  under  an existing lease in a building in the
   28  eligible areas shall not be eligible for exemption under  this  subdivi-
   29  sion  unless  such  existing  lease,  in  the case of a space lease with
   30  respect to leased premises located  in  eligible  areas  as  defined  in
   31  clause  (i)  of  subparagraph (D) of this paragraph expires according to
   32  its terms before September first, two thousand  [fifteen]  SEVENTEEN  or
   33  such existing lease, in the case of a space lease with respect to leased
   34  premises located in eligible areas as defined in clause (ii) of subpara-
   35  graph  (D)  of this paragraph and such person enters into a space lease,
   36  for a term of ten years or more commencing on or after September  first,
   37  two  thousand  five, of premises for use as commercial office space in a
   38  building located or to be located in the eligible areas,  provided  that
   39  such  space  lease  with  respect to leased premises located in eligible
   40  areas as defined in clause (i) of subparagraph  (D)  of  this  paragraph
   41  commences  no  later than September first, two thousand [fifteen] SEVEN-
   42  TEEN, and provided that such space lease with respect to leased premises
   43  located in eligible areas as defined in clause (ii) of subparagraph  (D)
   44  of  this paragraph commences no later than September first, two thousand
   45  [seventeen] NINETEEN and provided, further, that such space lease  shall
   46  expire  no  earlier  than ten years after the expiration of the original
   47  lease.
   48    S 2.  Section 2 of part C of chapter 2 of the laws  of  2005  amending
   49  the  tax law relating to exemptions from sales and use taxes, as amended
   50  by section 2 of subpart A of part GG of chapter 59 of the laws of  2014,
   51  is amended to read as follows:
   52    S 2. This act shall take effect September 1, 2005 and shall expire and
   53  be  deemed repealed on December 1, [2018] 2020, and shall apply to sales
   54  made, uses occurring and services rendered on or  after  such  effective
       A. 8231                            11

    1  date,  in  accordance  with  the  applicable  transitional provisions of
    2  sections 1106 and 1217 of the tax law; except that clause (i) of subpar-
    3  agraph (D) of paragraph seven of subdivision (ee) of section 1115 of the
    4  tax law, as added by section one of this act, shall expire and be deemed
    5  repealed December 1, [2016] 2018.
    6    S  3.  This  act  shall take effect immediately and shall be deemed to
    7  have been in full force and effect after June 30, 2015; provided, howev-
    8  er, that the amendment to subparagraph (A) of paragraph 7 of subdivision
    9  (ee) of section 1115 of the tax law made by  section  one  of  this  act
   10  shall  not  affect  the  repeal  of such subdivision and shall be deemed
   11  repealed therewith.

   12                                  SUBPART B

   13    Section 1. Subdivision (b) of section 25-z of the general city law, as
   14  amended by section 1 of subpart D of part GG of chapter 59 of  the  laws
   15  of 2014, is amended to read as follows:
   16    (b) No eligible business shall be authorized to receive a credit under
   17  any  local  law enacted pursuant to this article until the premises with
   18  respect to which it is claiming the credit meet the requirements in  the
   19  definition  of  eligible  premises  and  until it has obtained a certif-
   20  ication of eligibility from the mayor of such city or an  agency  desig-
   21  nated  by  such mayor, and an annual certification from such mayor or an
   22  agency designated by such mayor as to the number of  eligible  aggregate
   23  employment  shares maintained by such eligible business that may qualify
   24  for obtaining a tax credit for the eligible business' taxable year.  Any
   25  written documentation submitted to such mayor or such agency or agencies
   26  in  order  to  obtain  any  such certification shall be deemed a written
   27  instrument for purposes of section 175.00 of the penal law.  Such  local
   28  law  may  provide for application fees to be determined by such mayor or
   29  such agency or agencies. No such certification of eligibility  shall  be
   30  issued under any local law enacted pursuant to this article to an eligi-
   31  ble  business  on  or after July first, two thousand [fifteen] SEVENTEEN
   32  unless:
   33    (1) prior to such date such business has purchased, leased or  entered
   34  into  a contract to purchase or lease particular premises or a parcel on
   35  which will be constructed such premises or already owned  such  premises
   36  or parcel;
   37    (2)  prior to such date improvements have been commenced on such prem-
   38  ises or parcel, which improvements will meet the requirements of  subdi-
   39  vision (e) of section twenty-five-y of this article relating to expendi-
   40  tures for improvements;
   41    (3) prior to such date such business submits a preliminary application
   42  for a certification of eligibility to such mayor or such agency or agen-
   43  cies  with respect to a proposed relocation to such particular premises;
   44  and
   45    (4) such business relocates to such particular premises not later than
   46  thirty-six months or, in a case in which the expenditures made  for  the
   47  improvements  specified  in  paragraph  two  of  this subdivision are in
   48  excess of fifty million dollars within seventy-two months from the  date
   49  of submission of such preliminary application.
   50    S  2.  Subdivision  (b)  of  section 25-ee of the general city law, as
   51  amended by section 2 of subpart D of part GG of chapter 59 of  the  laws
   52  of 2014, is amended to read as follows:
   53    (b) No eligible business or special eligible business shall be author-
   54  ized  to receive a credit against tax under any local law enacted pursu-
       A. 8231                            12

    1  ant to this article until the premises  with  respect  to  which  it  is
    2  claiming  the credit meet the requirements in the definition of eligible
    3  premises and until it has obtained a certification of  eligibility  from
    4  the  mayor  of  such city or any agency designated by such mayor, and an
    5  annual certification from such mayor or an  agency  designated  by  such
    6  mayor  as  to  the  number of eligible aggregate employment shares main-
    7  tained by such eligible business or such special eligible business  that
    8  may  qualify for obtaining a tax credit for the eligible business' taxa-
    9  ble year. No special eligible business shall be authorized to receive  a
   10  credit  against  tax  under  the  provisions  of this article unless the
   11  number of relocated employee base shares calculated pursuant to subdivi-
   12  sion (o) of section twenty-five-dd of this article is equal to or great-
   13  er than the lesser of twenty-five percent of the number of New York city
   14  base shares calculated pursuant to subdivision (p) of such  section  and
   15  two hundred fifty employment shares. Any written documentation submitted
   16  to  such  mayor  or  such agency or agencies in order to obtain any such
   17  certification shall be deemed  a  written  instrument  for  purposes  of
   18  section 175.00 of the penal law. Such local law may provide for applica-
   19  tion  fees to be determined by such mayor or such agency or agencies. No
   20  certification of eligibility shall be issued under any local law enacted
   21  pursuant to this article to an eligible business on or after July first,
   22  two thousand [fifteen] SEVENTEEN unless:
   23    (1) prior to such date such business has purchased, leased or  entered
   24  into  a  contract  to  purchase  or lease premises in the eligible Lower
   25  Manhattan area or a parcel on which will be constructed such premises;
   26    (2) prior to such date improvements have been commenced on such  prem-
   27  ises  or parcel, which improvements will meet the requirements of subdi-
   28  vision (e) of section twenty-five-dd of this article relating to expend-
   29  itures for improvements;
   30    (3) prior to such date such business submits a preliminary application
   31  for a certification of eligibility to such mayor or such agency or agen-
   32  cies with respect to a proposed relocation to such premises; and
   33    (4) such business relocates to such premises as provided  in  subdivi-
   34  sion  (j) of section twenty-five-dd of this article not later than thir-
   35  ty-six months or, in a case in  which  the  expenditures  made  for  the
   36  improvements  specified  in  paragraph  two  of  this subdivision are in
   37  excess of fifty million dollars within seventy-two months from the  date
   38  of submission of such preliminary application.
   39    S  3.  Subdivision (b) of section 22-622 of the administrative code of
   40  the city of New York, as amended by section 3 of subpart D of part GG of
   41  chapter 59 of the laws of 2014, is amended to read as follows:
   42    (b) No eligible business shall  be  authorized  to  receive  a  credit
   43  against  tax  or  a  reduction  in  base  rent  subject to tax under the
   44  provisions of this chapter, and of title eleven of the code as described
   45  in subdivision (a) of this section, until the premises with  respect  to
   46  which  it is claiming the credit meet the requirements in the definition
   47  of eligible premises and until it has obtained a certification of eligi-
   48  bility from the mayor or an agency designated by the mayor, and an annu-
   49  al certification from the mayor or an agency designated by the mayor  as
   50  to the number of eligible aggregate employment shares maintained by such
   51  eligible  business  that  may qualify for obtaining a tax credit for the
   52  eligible business' taxable year. Any written documentation submitted  to
   53  the mayor or such agency or agencies in order to obtain any such certif-
   54  ication  shall  be  deemed  a written instrument for purposes of section
   55  175.00 of the penal law. Application fees for such certifications  shall
   56  be  determined by the mayor or such agency or agencies. No certification
       A. 8231                            13

    1  of eligibility shall be issued to an eligible business on or after  July
    2  first, two thousand [fifteen] SEVENTEEN unless:
    3    (1)  prior to such date such business has purchased, leased or entered
    4  into a contract to purchase or lease particular premises or a parcel  on
    5  which  will  be constructed such premises or already owned such premises
    6  or parcel;
    7    (2) prior to such date improvements have been commenced on such  prem-
    8  ises or parcel which improvements will meet the requirements of subdivi-
    9  sion  (e) of section 22-621 of this chapter relating to expenditures for
   10  improvements;
   11    (3) prior to such date such business submits a preliminary application
   12  for a certification of eligibility to such mayor or such agency or agen-
   13  cies with respect to a proposed relocation to such particular  premises;
   14  and
   15    (4) such business relocates to such particular premises not later than
   16  thirty-six  months  or,  in  a  case  in which the expenditures made for
   17  improvements specified in paragraph  two  of  this  subdivision  are  in
   18  excess  of fifty million dollars within seventy-two months from the date
   19  of submission of such preliminary application.
   20    S 4. Subdivision (b) of section 22-624 of the administrative  code  of
   21  the city of New York, as amended by section 4 of subpart D of part GG of
   22  chapter 59 of the laws of 2014, is amended to read as follows:
   23    (b) No eligible business or special eligible business shall be author-
   24  ized  to receive a credit against tax under the provisions of this chap-
   25  ter, and of title eleven of the code as described in subdivision (a)  of
   26  this  section,  until  the premises with respect to which it is claiming
   27  the credit meet the requirements in the definition of eligible  premises
   28  and  until it has obtained a certification of eligibility from the mayor
   29  or an agency designated by the mayor, and an annual  certification  from
   30  the  mayor  or  an  agency  designated  by the mayor as to the number of
   31  eligible aggregate employment shares maintained by such  eligible  busi-
   32  ness  or  special eligible business that may qualify for obtaining a tax
   33  credit for the eligible business'  taxable  year.  No  special  eligible
   34  business  shall  be authorized to receive a credit against tax under the
   35  provisions of this chapter and of title eleven of the  code  unless  the
   36  number of relocated employee base shares calculated pursuant to subdivi-
   37  sion  (o)  of section 22-623 of this chapter is equal to or greater than
   38  the lesser of twenty-five percent of the number of New  York  city  base
   39  shares  calculated  pursuant  to subdivision (p) of such section 22-623,
   40  and two hundred  fifty  employment  shares.  Any  written  documentation
   41  submitted to the mayor or such agency or agencies in order to obtain any
   42  such  certification shall be deemed a written instrument for purposes of
   43  section 175.00 of the penal  law.  Application  fees  for  such  certif-
   44  ications shall be determined by the mayor or such agency or agencies. No
   45  certification  of eligibility shall be issued to an eligible business on
   46  or after July first, two thousand [fifteen] SEVENTEEN unless:
   47    (1) prior to such date such business has purchased, leased or  entered
   48  into  a  contract  to  purchase  or lease premises in the eligible Lower
   49  Manhattan area or a parcel on which will be constructed such premises;
   50    (2) prior to such date improvements have been commenced on such  prem-
   51  ises  or parcel, which improvements will meet the requirements of subdi-
   52  vision (e) of section 22-623 of this chapter  relating  to  expenditures
   53  for improvements;
   54    (3) prior to such date such business submits a preliminary application
   55  for a certification of eligibility to such mayor or such agency or agen-
   56  cies with respect to a proposed relocation to such premises; and
       A. 8231                            14

    1    (4) such business relocates to such premises not later than thirty-six
    2  months or, in a case in which the expenditures made for the improvements
    3  specified  in  paragraph  two of this subdivision are in excess of fifty
    4  million dollars within seventy-two months from the date of submission of
    5  such preliminary application.
    6    S  5.  This  act  shall take effect immediately and shall be deemed to
    7  have been in full force and effect after June 30, 2015.

    8                                  SUBPART C

    9    Section 1. Paragraph 1 of subdivision  (b)  of  section  25-s  of  the
   10  general  city  law,  as  amended by section 1 of subpart E of part GG of
   11  chapter 59 of the laws of 2014, is amended to read as follows:
   12    (1) non-residential premises that are  wholly  contained  in  property
   13  that  is eligible to obtain benefits under title two-D or two-F of arti-
   14  cle four of the real property tax law, or would be eligible  to  receive
   15  benefits  under  such  article  except that such property is exempt from
   16  real property taxation and the requirements of paragraph (b) of subdivi-
   17  sion seven of section four hundred eighty-nine-dddd of such title two-D,
   18  or the requirements of subparagraph (ii) of paragraph (b) of subdivision
   19  five of section four hundred eighty-nine-cccccc  of  such  title  two-F,
   20  whichever is applicable, have not been satisfied, provided that applica-
   21  tion for such benefits was made after May third, nineteen hundred eight-
   22  y-five  and  prior to July first, two thousand [fifteen] SEVENTEEN, that
   23  construction or renovation of such premises was described in such appli-
   24  cation, that such premises have  been  substantially  improved  by  such
   25  construction  or  renovation  so  described,  that  the minimum required
   26  expenditure as defined in such title two-D or two-F, whichever is appli-
   27  cable, has been made, and that such  real  property  is  located  in  an
   28  eligible area; or
   29    S  2.  Paragraph  3  of subdivision (b) of section 25-s of the general
   30  city law, as amended by section 2 of subpart E of part GG of chapter  59
   31  of the laws of 2014, is amended to read as follows:
   32    (3) non-residential premises that are wholly contained in real proper-
   33  ty  that  has obtained approval after October thirty-first, two thousand
   34  and prior to July first, two thousand [fifteen] SEVENTEEN for  financing
   35  by  an  industrial  development  agency  established pursuant to article
   36  eighteen-A of the general municipal law, provided  that  such  financing
   37  has been used in whole or in part to substantially improve such premises
   38  (by  construction  or  renovation), and that expenditures have been made
   39  for improvements to such real property in excess of ten  per  centum  of
   40  the  value at which such real property was assessed for tax purposes for
   41  the tax year in which such improvements commenced,  that  such  expendi-
   42  tures  have  been made within thirty-six months after the earlier of (i)
   43  the issuance by such agency of bonds for such  financing,  or  (ii)  the
   44  conveyance  of title to such property to such agency, and that such real
   45  property is located in an eligible area; or
   46    S 3. Paragraph 5 of subdivision (b) of section  25-s  of  the  general
   47  city  law, as amended by section 3 of subpart E of part GG of chapter 59
   48  of the laws of 2014, is amended to read as follows:
   49    (5) non-residential premises that are wholly contained in real proper-
   50  ty owned by such city or the New York  state  urban  development  corpo-
   51  ration,  or  a  subsidiary  thereof,  a  lease for which was approved in
   52  accordance with the applicable provisions of the charter of such city or
   53  by the board of directors of such corporation,  and  such  approval  was
   54  obtained  after  October  thirty-first,  two  thousand and prior to July
       A. 8231                            15

    1  first, two thousand [fifteen] SEVENTEEN, provided,  however,  that  such
    2  premises were constructed or renovated subsequent to such approval, that
    3  expenditures have been made subsequent to such approval for improvements
    4  to  such  real property (by construction or renovation) in excess of ten
    5  per centum of the value at which such real property was assessed for tax
    6  purposes for the tax year in which  such  improvements  commenced,  that
    7  such  expenditures  have  been  made  within thirty-six months after the
    8  effective date of such lease, and that such real property is located  in
    9  an eligible area; or
   10    S  4.  Paragraph  2  of subdivision (c) of section 25-t of the general
   11  city law, as amended by section 4 of subpart E of part GG of chapter  59
   12  of the laws of 2014, is amended to read as follows:
   13    (2)  No  eligible energy user, qualified eligible energy user, on-site
   14  cogenerator, or clean on-site cogenerator shall receive a rebate  pursu-
   15  ant  to  this  article  until  it  has obtained a certification from the
   16  appropriate city agency in accordance with a local law enacted  pursuant
   17  to  this  section. No such certification for a qualified eligible energy
   18  user shall be issued on or after November first, two thousand.  No  such
   19  certification of any other eligible energy user, on-site cogenerator, or
   20  clean  on-site  cogenerator  shall be issued on or after July first, two
   21  thousand [fifteen] SEVENTEEN.
   22    S 5. Paragraph 1 of subdivision (a) of section 25-aa  of  the  general
   23  city  law, as amended by section 5 of subpart E of part GG of chapter 59
   24  of the laws of 2014, is amended to read as follows:
   25    (1) is eligible to obtain benefits under title two-D or two-F of arti-
   26  cle four of the real property tax law, or would be eligible  to  receive
   27  benefits  under such title except that such property is exempt from real
   28  property taxation and the requirements of paragraph (b)  of  subdivision
   29  seven  of  section four hundred eighty-nine-dddd of such title two-D, or
   30  the requirements of subparagraph (ii) of paragraph  (b)  of  subdivision
   31  five  of  section  four  hundred eighty-nine-cccccc of such title two-F,
   32  whichever is applicable, of the real property  tax  law  have  not  been
   33  satisfied,  provided  that  application for such benefits was made after
   34  the thirtieth day of June, nineteen hundred ninety-five and  before  the
   35  first  day  of July, two thousand [fifteen] SEVENTEEN, that construction
   36  or renovation of such building or structure was described in such appli-
   37  cation, that such building or structure has been substantially  improved
   38  by  such  construction  or renovation, and (i) that the minimum required
   39  expenditure as defined in such title has been made, or (ii) where  there
   40  is   no  applicable  minimum  required  expenditure,  the  building  was
   41  constructed within such period or periods of time established  by  title
   42  two-D  or  two-F,  whichever  is applicable, of article four of the real
   43  property tax law for construction of a new building or structure; or
   44    S 6. Paragraphs 2 and 3 of subdivision (a) of  section  25-aa  of  the
   45  general  city  law,  as  amended by section 6 of subpart E of part GG of
   46  chapter 59 of the laws of 2014, are amended to read as follows:
   47    (2) has obtained approval after the thirtieth day  of  June,  nineteen
   48  hundred  ninety-five  and  before  the  first  day of July, two thousand
   49  [fifteen] SEVENTEEN, for financing by an industrial  development  agency
   50  established pursuant to article eighteen-A of the general municipal law,
   51  provided  that  such  financing  has  been  used  in whole or in part to
   52  substantially improve such building  or  structure  by  construction  or
   53  renovation,  that  expenditures  have been made for improvements to such
   54  real property in excess of twenty per centum of the value at which  such
   55  real  property  was  assessed for tax purposes for the tax year in which
   56  such improvements commenced, and that such expenditures have  been  made
       A. 8231                            16

    1  within  thirty-six  months after the earlier of (i) the issuance by such
    2  agency of bonds for such financing, or (ii) the conveyance of  title  to
    3  such building or structure to such agency; or
    4    (3)  is  owned  by  the  city  of New York or the New York state urban
    5  development corporation, or a subsidiary corporation  thereof,  a  lease
    6  for  which  was approved in accordance with the applicable provisions of
    7  the charter of such city or by the board of  directors  of  such  corpo-
    8  ration,  as  the  case  may be, and such approval was obtained after the
    9  thirtieth day of June, nineteen hundred ninety-five and before the first
   10  day of July, two thousand [fifteen] SEVENTEEN,  provided  that  expendi-
   11  tures have been made for improvements to such real property in excess of
   12  twenty  per centum of the value at which such real property was assessed
   13  for tax purposes for the tax year in which such improvements  commenced,
   14  and that such expenditures have been made within thirty-six months after
   15  the effective date of such lease; or
   16    S  7.  Subdivision  (f)  of  section 25-bb of the general city law, as
   17  amended by section 7 of subpart E of part GG of chapter 59 of  the  laws
   18  of 2014, is amended to read as follows:
   19    (f) Application and certification. An owner or lessee of a building or
   20  structure  located  in  an  eligible revitalization area, or an agent of
   21  such owner or lessee, may apply to such  department  of  small  business
   22  services  for certification that such building or structure is an eligi-
   23  ble building or targeted  eligible  building  meeting  the  criteria  of
   24  subdivision  (a)  or  (q)  of  section  twenty-five-aa  of this article.
   25  Application for such certification must be filed after the thirtieth day
   26  of June, nineteen hundred ninety-five and before a  building  permit  is
   27  issued  for the construction or renovation required by such subdivisions
   28  and before the first day of  July,  two  thousand  [fifteen]  SEVENTEEN,
   29  provided that no certification for a targeted eligible building shall be
   30  issued  after October thirty-first, two thousand. Such application shall
   31  identify expenditures to be made that will affect eligibility under such
   32  subdivision (a) or (q). Upon completion of such expenditures, an  appli-
   33  cant shall supplement such application to provide information (i) estab-
   34  lishing  that the criteria of such subdivision (a) or (q) have been met;
   35  (ii) establishing a basis for determining the amount of special rebates,
   36  including a basis for an allocation of the special rebate among eligible
   37  revitalization area energy users purchasing or otherwise receiving ener-
   38  gy services from an eligible redistributor  of  energy  or  a  qualified
   39  eligible  redistributor of energy; and (iii) supporting an allocation of
   40  charges for energy services between eligible charges and other  charges.
   41  Such  department  shall  certify  a building or structure as an eligible
   42  building or targeted eligible building after receipt and review of  such
   43  information  and  upon a determination that such information establishes
   44  that the building or structure qualifies  as  an  eligible  building  or
   45  targeted  eligible  building.  Such  department  shall mail such certif-
   46  ication or notice thereof to the applicant upon issuance.  Such  certif-
   47  ication  shall  remain  in effect provided the eligible redistributor of
   48  energy or qualified eligible redistributor of energy reports any changes
   49  that materially affect the amount of the special rebates to which it  is
   50  entitled  or the amount of reduction required by subdivision (c) of this
   51  section in an energy services bill of an  eligible  revitalization  area
   52  energy  user  and otherwise complies with the requirements of this arti-
   53  cle. Such department shall notify the private utility or public  utility
   54  service  required  to make a special rebate to such redistributor of the
   55  amount of such special rebate established at the time  of  certification
   56  and any changes in such amount and any suspension or termination by such
       A. 8231                            17

    1  department  of certification under this subdivision. Such department may
    2  require some or all of the information required as part of  an  applica-
    3  tion or other report be provided by a licensed engineer.
    4    S  8. Paragraph 1 of subdivision (i) of section 22-601 of the adminis-
    5  trative code of the city of New York, as amended by section 8 of subpart
    6  E of part GG of chapter 59 of the laws of 2014, is amended  to  read  as
    7  follows:
    8    (1)  Non-residential  premises  that  are wholly contained in property
    9  that is eligible to obtain benefits under part  four  or  part  five  of
   10  subchapter  two of chapter two of title eleven of this code, or would be
   11  eligible to receive benefits under such chapter except that such proper-
   12  ty is exempt from real property taxation and the requirements  of  para-
   13  graph  two  of  subdivision  g  of  section  11-259 of this code, or the
   14  requirements of subparagraph (b) of paragraph two of  subdivision  e  of
   15  section  11-270  of  this  code,  whichever is applicable, have not been
   16  satisfied, provided that application for such benefits  was  made  after
   17  May  third,  nineteen  hundred  eighty-five and prior to July first, two
   18  thousand [fifteen] SEVENTEEN, that construction or  renovation  of  such
   19  premises was described in such application, that such premises have been
   20  substantially  improved by such construction or renovation so described,
   21  that the minimum required expenditure as defined in such  part  four  or
   22  part  five,  whichever  is applicable, has been made, and that such real
   23  property is located in an eligible area; or
   24    S 9. Paragraph 3 of subdivision (i) of section 22-601 of the  adminis-
   25  trative code of the city of New York, as amended by section 9 of subpart
   26  E  of  part  GG of chapter 59 of the laws of 2014, is amended to read as
   27  follows:
   28    (3) non-residential premises that are wholly contained in real proper-
   29  ty that has obtained approval after October thirty-first,  two  thousand
   30  and  prior to July first, two thousand [fifteen] SEVENTEEN for financing
   31  by an industrial development  agency  established  pursuant  to  article
   32  eighteen-A  of  the  general municipal law, provided that such financing
   33  has been used in whole or in part to substantially improve such premises
   34  (by construction or renovation), and that expenditures  have  been  made
   35  for  improvements  to  such real property in excess of ten per centum of
   36  the value at which such real property was assessed for tax purposes  for
   37  the  tax  year  in which such improvements commenced, that such expendi-
   38  tures have been made within thirty-six months after the earlier  of  (i)
   39  the  issuance  by  such  agency of bonds for such financing, or (ii) the
   40  conveyance of title to such property to such agency, and that such  real
   41  property is located in an eligible area; or
   42    S 10. Paragraph 5 of subdivision (i) of section 22-601 of the adminis-
   43  trative  code  of  the  city  of  New  York, as amended by section 10 of
   44  subpart E of part GG of chapter 59 of the laws of 2014,  is  amended  to
   45  read as follows:
   46    (5) non-residential premises that are wholly contained in real proper-
   47  ty  owned  by  such  city or the New York state urban development corpo-
   48  ration, or a subsidiary thereof, a  lease  for  which  was  approved  in
   49  accordance with the applicable provisions of the charter of such city or
   50  by  the  board  of  directors of such corporation, and such approval was
   51  obtained after October thirty-first, two  thousand  and  prior  to  July
   52  first,  two  thousand  [fifteen] SEVENTEEN, provided, however, that such
   53  premises were constructed or renovated subsequent to such approval, that
   54  expenditures have been made subsequent to such approval for improvements
   55  to such real property (by construction or renovation) in excess  of  ten
   56  per centum of the value at which such real property was assessed for tax
       A. 8231                            18

    1  purposes  for  the  tax  year in which such improvements commenced, that
    2  such expenditures have been made  within  thirty-six  months  after  the
    3  effective  date of such lease, and that such real property is located in
    4  an eligible area; or
    5    S 11. Paragraph 1 of subdivision (c) of section 22-602 of the adminis-
    6  trative  code  of  the  city  of  New  York, as amended by section 11 of
    7  subpart E of part GG of chapter 59 of the laws of 2014,  is  amended  to
    8  read as follows:
    9    (1)  No  eligible energy user, qualified eligible energy user, on-site
   10  cogenerator, clean on-site cogenerator or special eligible  energy  user
   11  shall  receive a rebate pursuant to this chapter until it has obtained a
   12  certification as an eligible  energy  user,  qualified  eligible  energy
   13  user, on-site cogenerator, clean on-site cogenerator or special eligible
   14  energy  user,  respectively,  from  the  commissioner  of small business
   15  services. No such certification for a  qualified  eligible  energy  user
   16  shall  be  issued  on  or  after July first, two thousand three. No such
   17  certification of any other eligible energy user, on-site cogenerator  or
   18  clean  on-site  cogenerator  shall be issued on or after July first, two
   19  thousand [fifteen]  SEVENTEEN.    The  commissioner  of  small  business
   20  services,  after  notice  and hearing, may revoke a certification issued
   21  pursuant to this subdivision where it is found that eligibility criteria
   22  have not been met or  that  compliance  with  conditions  for  continued
   23  eligibility  has  not been maintained. The corporation counsel may main-
   24  tain a civil action to recover an amount equal to any benefits improper-
   25  ly obtained.
   26    S 12. This act shall take effect immediately and shall  be  deemed  to
   27  have been in full force and effect after June 30, 2015.

   28                                  SUBPART D

   29    Section  1.  Subparagraph  (b-2)  of  paragraph  2 of subdivision i of
   30  section 11-704 of the administrative code of the city of  New  York,  as
   31  amended  by  section 1 of subpart F of part GG of chapter 59 of the laws
   32  of 2014, is amended to read as follows:
   33    (b-2) The amount of the special reduction allowed by this  subdivision
   34  with  respect  to  a lease other than a sublease commencing between July
   35  first, two thousand five and  June  thirtieth,  two  thousand  [fifteen]
   36  SEVENTEEN  with  an initial or renewal lease term of at least five years
   37  shall be determined as follows:
   38    (i) For the base year the amount of such special  reduction  shall  be
   39  equal to the base rent for the base year.
   40    (ii)  For  the  first,  second,  third and fourth twelve-month periods
   41  following the base year the amount of such special  reduction  shall  be
   42  equal  to  the  lesser  of  (A) the base rent for each such twelve-month
   43  period or (B) the base rent for the base year.
   44    S 2. This act shall take effect immediately and  shall  be  deemed  to
   45  have been in full force and effect after June 30, 2015.
   46    S 2. Severability clause. If any clause, sentence, paragraph, subdivi-
   47  sion,  section  or  part  of  this act shall be adjudged by any court of
   48  competent jurisdiction to be invalid, such judgment  shall  not  affect,
   49  impair,  or  invalidate  the remainder thereof, but shall be confined in
   50  its operation to the clause, sentence, paragraph,  subdivision,  section
   51  or part thereof directly involved in the controversy in which such judg-
   52  ment shall have been rendered. It is hereby declared to be the intent of
   53  the  legislature  that  this  act  would  have been enacted even if such
   54  invalid provisions had not been included herein.
       A. 8231                            19

    1    S 3. This act shall take effect immediately  provided,  however,  that
    2  the  applicable effective date of Subparts A through D of this act shall
    3  be as specifically set forth in the last section of such Subparts.
    4    S 2. Severability clause. If any clause, sentence, paragraph, subdivi-
    5  sion,  section  or  part  of  this act shall be adjudged by any court of
    6  competent jurisdiction to be invalid, such judgment  shall  not  affect,
    7  impair,  or  invalidate  the remainder thereof, but shall be confined in
    8  its operation to the clause, sentence, paragraph,  subdivision,  section
    9  or part thereof directly involved in the controversy in which such judg-
   10  ment shall have been rendered. It is hereby declared to be the intent of
   11  the  legislature  that  this  act  would  have been enacted even if such
   12  invalid provisions had not been included herein.
   13    S 3. This act shall take effect immediately  provided,  however,  that
   14  the  applicable effective date of Parts A through F of this act shall be
   15  as specifically set forth in the last section of such Parts.
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