A10512 Summary:
BILL NO | A10512A |
  | |
SAME AS | SAME AS S08088 |
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SPONSOR | Farrell |
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COSPNSR | |
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MLTSPNSR | |
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Amd §11-2106, NYC Ad Cd | |
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Relates to the taxation of the transfer of real property to any housing development fund company or an entity of which a controlling interest is held by such company and such real property is subject to a certain regulatory agreement or restrictive covenant. |
A10512 Actions:
BILL NO | A10512A | |||||||||||||||||||||||||||||||||||||||||||||||||
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05/31/2016 | referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
06/10/2016 | amend and recommit to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
06/10/2016 | print number 10512a | |||||||||||||||||||||||||||||||||||||||||||||||||
06/14/2016 | reported referred to rules | |||||||||||||||||||||||||||||||||||||||||||||||||
06/14/2016 | reported | |||||||||||||||||||||||||||||||||||||||||||||||||
06/14/2016 | rules report cal.375 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/14/2016 | ordered to third reading rules cal.375 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/15/2016 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
06/15/2016 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
06/15/2016 | REFERRED TO RULES | |||||||||||||||||||||||||||||||||||||||||||||||||
06/16/2016 | SUBSTITUTED FOR S8088 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/16/2016 | 3RD READING CAL.1951 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/16/2016 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/16/2016 | RETURNED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
08/08/2016 | delivered to governor | |||||||||||||||||||||||||||||||||||||||||||||||||
08/19/2016 | signed chap.264 |
A10512 Committee Votes:
Farrell | Aye | Oaks | Aye | ||||||
Lentol | Aye | Crouch | Aye | ||||||
Schimminger | Aye | Barclay | Aye | ||||||
Gantt | Aye | Fitzpatrick | Aye | ||||||
Weinstein | Aye | Saladino | Excused | ||||||
Glick | Aye | Hawley | Aye | ||||||
Nolan | Aye | Duprey | Aye | ||||||
Pretlow | Aye | Corwin | Aye | ||||||
Perry | Aye | Malliotakis | Aye | ||||||
Colton | Excused | Walter | Excused | ||||||
Cook | Aye | ||||||||
Cahill | Aye | ||||||||
Aubry | Aye | ||||||||
Hooper | Aye | ||||||||
Thiele | Aye | ||||||||
Wright | Excused | ||||||||
Cusick | Aye | ||||||||
Ortiz | Aye | ||||||||
Benedetto | Aye | ||||||||
Markey | Aye | ||||||||
Moya | Aye | ||||||||
Weprin | Excused | ||||||||
Rodriguez | Excused | ||||||||
Ramos | Aye | ||||||||
Braunstein | Aye | ||||||||
Heastie | Aye | Kolb | Aye | ||||||
Gottfried | Aye | Tedisco | Aye | ||||||
Lentol | Aye | Oaks | Aye | ||||||
Farrell | Aye | Butler | Aye | ||||||
Gantt | Aye | Crouch | Aye | ||||||
Nolan | Aye | Finch | Excused | ||||||
Weinstein | Aye | Barclay | Aye | ||||||
Hooper | Aye | Raia | Aye | ||||||
Ortiz | Aye | Duprey | Aye | ||||||
Pretlow | Aye | ||||||||
Cook | Aye | ||||||||
Glick | Aye | ||||||||
Morelle | Aye | ||||||||
Aubry | Aye | ||||||||
Englebright | Aye | ||||||||
Wright | Excused | ||||||||
Dinowitz | Excused | ||||||||
Colton | Aye | ||||||||
Magnarelli | Aye | ||||||||
Perry | Aye | ||||||||
Markey | Aye | ||||||||
Go to top
A10512 Floor Votes:
Yes
Abbate
Yes
Crespo
Yes
Gottfried
Yes
Lopez
Yes
Palumbo
Yes
Simon
Yes
Abinanti
Yes
Crouch
Yes
Graf
Yes
Lupardo
Yes
Paulin
Yes
Simotas
Yes
Arroyo
Yes
Curran
Yes
Gunther
Yes
Lupinacci
Yes
Peoples-Stokes
Yes
Skartados
Yes
Aubry
Yes
Cusick
Yes
Harris
Yes
Magee
Yes
Perry
Yes
Skoufis
Yes
Barclay
Yes
Cymbrowitz
Yes
Hawley
Yes
Magnarelli
Yes
Pichardo
Yes
Solages
Yes
Barrett
Yes
Davila
Yes
Hevesi
Yes
Malliotakis
Yes
Pretlow
Yes
Stec
No
Barron
Yes
DenDekker
Yes
Hikind
Yes
Markey
Yes
Quart
Yes
Steck
Yes
Benedetto
Yes
Dilan
Yes
Hooper
Yes
Mayer
Yes
Ra
Yes
Stirpe
Yes
Bichotte
Yes
Dinowitz
Yes
Hunter
Yes
McDonald
Yes
Raia
Yes
Tedisco
Yes
Blake
ER
DiPietro
Yes
Hyndman
Yes
McDonough
Yes
Ramos
Yes
Tenney
Yes
Blankenbush
Yes
Duprey
Yes
Jaffee
Yes
McKevitt
Yes
Richardson
Yes
Thiele
Yes
Brabenec
Yes
Englebright
Yes
Jean-Pierre
Yes
McLaughlin
Yes
Rivera
Yes
Titone
Yes
Braunstein
Yes
Fahy
Yes
Johns
Yes
Miller
Yes
Robinson
Yes
Titus
ER
Brennan
Yes
Farrell
Yes
Joyner
Yes
Montesano
Yes
Rodriguez
Yes
Walker
Yes
Brindisi
ER
Finch
Yes
Katz
Yes
Morelle
Yes
Rosenthal
Yes
Walter
Yes
Bronson
Yes
Fitzpatrick
Yes
Kavanagh
Yes
Mosley
Yes
Rozic
Yes
Weinstein
No
Buchwald
Yes
Friend
Yes
Kearns
Yes
Moya
Yes
Russell
Yes
Weprin
Yes
Butler
Yes
Galef
ER
Kim
Yes
Murray
Yes
Ryan
Yes
Williams
Yes
Cahill
Yes
Gantt
Yes
Kolb
Yes
Nojay
Yes
Saladino
Yes
Woerner
Yes
Cancel
Yes
Garbarino
Yes
Lalor
Yes
Nolan
Yes
Santabarbara
Yes
Wozniak
Yes
Castorina
Yes
Giglio
Yes
Lavine
Yes
Oaks
Yes
Schimel
Yes
Wright
Yes
Ceretto
Yes
Gjonaj
Yes
Lawrence
Yes
O'Donnell
Yes
Schimminger
Yes
Zebrowski
Yes
Colton
Yes
Glick
Yes
Lentol
Yes
Ortiz
Yes
Seawright
Yes
Mr. Speaker
Yes
Cook
Yes
Goldfeder
Yes
Lifton
Yes
Otis
ER
Sepulveda
Yes
Corwin
Yes
Goodell
Yes
Linares
Yes
Palmesano
Yes
Simanowitz
‡ Indicates voting via videoconference
A10512 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 10512--A IN ASSEMBLY May 31, 2016 ___________ Introduced by M. of A. FARRELL -- read once and referred to the Commit- tee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the administrative code of the city of New York, in relation to the taxation of the transfer of real property The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision b of section 11-2106 of the administrative code 2 of the city of New York is amended by adding a new paragraph 9 to read 3 as follows: 4 9. A deed, instrument or transaction conveying or transferring real 5 property or an economic interest therein by or to any housing develop- 6 ment fund company organized pursuant to article eleven of the private 7 housing finance law or to an entity, the controlling interest of which 8 is held by such a company, if at the time of such conveyance or trans- 9 fer, such real property is subject to, or simultaneously with such 10 conveyance or transfer is made subject to, a regulatory agreement with 11 the state of New York, a municipal corporation or any other public 12 corporation created by or pursuant to any law of the state of New York 13 that: encumbers the real property for thirty years or more, requires 14 mutual consent for revocation or amendment, restricts more than fifty 15 percent of the floor area, other than common areas, to residential real 16 property, and restricts at least sixty-six and two-thirds percent of 17 such residential real property to purchase, lease, license or other use 18 by persons of low income and families of low income within the meaning 19 of section two of the private housing finance law; provided, however, 20 that if such regulatory agreement restricts less than one hundred 21 percent of the floor area, other than common areas, to purchase, lease, 22 license or other use by persons of low income and families of low income 23 within the meaning of section two of the private housing finance law, 24 the tax shall apply to the consideration less the product of the consid- 25 eration and a fraction, the numerator of which is the floor area that 26 such regulatory agreement restricts to purchase, lease, license or other 27 use by persons of low income and families of low income within the mean- EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD15655-02-6A. 10512--A 2 1 ing of section two of the private housing finance law and the denomina- 2 tor of which is the entire floor area, minus the floor area of common 3 areas; provided further, that if such real property is made subject to a 4 regulatory agreement that meets the terms of this paragraph within two 5 years of the conveyance or transfer then the commissioner of finance may 6 issue a refund based on the application of this paragraph pursuant to 7 the provisions of section 11-2108 of this chapter, treating the transfer 8 or conveyance as if such real property were subject to such regulatory 9 agreement as of the date of such transfer or conveyance, if, notwith- 10 standing any other time limitation set forth in section 11-2108 of this 11 chapter, application to the commissioner of finance for such refund is 12 made within twelve months of the effective date of such regulatory 13 agreement. 14 § 2. This act shall take effect immediately and shall be retroactive 15 to, and be deemed to apply to, all conveyances or transfers occurring on 16 or after January 1, 2010.