Makes technical corrections to the real property tax law relating to the commencement and completion dates for benefit qualifying alterations and improvements.
STATE OF NEW YORK
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3851--B
Cal. No. 436
2013-2014 Regular Sessions
IN SENATE
February 22, 2013
___________
Introduced by Sens. GOLDEN, YOUNG -- read twice and ordered printed, and
when printed to be committed to the Committee on Housing, Construction
and Community Development -- committee discharged, bill amended,
ordered reprinted as amended and recommitted to said committee --
reported favorably from said committee, ordered to first and second
report, ordered to a third reading, amended and ordered reprinted,
retaining its place in the order of third reading
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
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09001-09-3
S. 3851--B 2
1 which were completed by December thirty-first, two thousand fourteen.
2 Such conversion shall be completed within thirty months after the date
3 on which same shall be started, provided, however, that with respect to
4 conversions commenced on or before December thirty-first, two thousand
5 eleven, such projects shall be completed within thirty-six months after
6 the date on which same shall be started.
7 § 3. This act shall take effect immediately and shall be deemed to
8 have been in full force and effect on the same date and in the same
9 manner as section 3 of chapter 4 of the laws of 2013, took effect.
