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A06641 Summary:

SAME ASNo same as
Amd S125, Priv Hous Fin L; amd S423, RPT L
Provides for enhancement and extension of tax exemptions for mutual redevelopment companies in a city of 1 million or more: provides that where a local legislative body in a city of one million or more has extended the tax exemption of a mutual redevelopment company for an additional 25 year period after the initial exemption has expired, it may authorize exemption during the final 11 years of such additional 25 year period, with certain provisos, and may further extend the period of such 25 year exemption for up to a total of 35 years from the date of expiration of the initial tax exemption, with certain provisos.
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