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S05030 Summary:
BILL NO | S05030 |
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SAME AS | SAME AS A02206 |
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SPONSOR | PARKER |
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COSPNSR | |
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MLTSPNSR | |
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Establishes a demonstration program extending the J-51 tax exemption to the conversion and rehabilitation of commercial and manufacturing space to co-located work space and residential units in certain high density areas in Kings county. |
S05030 Actions:
BILL NO | S05030 | |||||||||||||||||||||||||||||||||||||||||||||||||
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04/03/2019 | REFERRED TO LOCAL GOVERNMENT | |||||||||||||||||||||||||||||||||||||||||||||||||
01/08/2020 | REFERRED TO LOCAL GOVERNMENT |
S05030 Committee Votes:
Go to topS05030 Floor Votes:
There are no votes for this bill in this legislative session.
Go to topS05030 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 5030 2019-2020 Regular Sessions IN SENATE April 3, 2019 ___________ Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to establish a demonstration program extending the J-51 tax exemption to the conversion and rehabilitation of commercial and manu- facturing space to co-located work space and residential units in certain high density areas in Kings county; and providing for the repeal of such provisions upon expiration thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. There is hereby established a demonstration program to 2 extend the provisions of the J-51 tax exemption to the conversion and 3 rehabilitation of commercial and manufacturing space to co-located work 4 space and residential units in certain high density, underutilized M-1 5 zoned properties in Kings county. For purposes of this section, J-51 is 6 a property tax exemption and abatement for renovating a residential 7 apartment building in certain counties of the city of New York. Such 8 credit varies depending on the building's location and the type of 9 improvements and shall be extended to the county of Kings. 10 § 2. This act shall take effect immediately and shall expire and be 11 deemed repealed five years after such effective date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04443-01-9