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S02887 Summary:
| BILL NO | S02887A |
| SAME AS | SAME AS A09185 |
| SPONSOR | KAVANAGH |
| COSPNSR | SALAZAR |
| MLTSPNSR | |
| Amd §467-a, RPT L | |
| Eliminates the New York city condominium and cooperative tax abatement for dwelling units whose billable assessed value is two hundred thousand dollars or greater; instructs that the money used to formerly fund such abatement be reallocated to the New York city housing authority; extends certain provisions of the partial tax abatement for residential real property held in the cooperative or condominium form of ownership in a city having a population of one million or more. | |