S06480 Summary:
BILL NO | S06480 |
  | |
SAME AS | SAME AS A09498 |
  | |
SPONSOR | YOUNG |
  | |
COSPNSR | MARTINS |
  | |
MLTSPNSR | |
  | |
Amd S125, Priv Hous Fin L | |
  | |
Authorizes local legislative bodies to grant additional real property tax exemptions to redevelopment company projects, which are not operated by mutual redevelopment companies. |
S06480 Actions:
BILL NO | S06480 | |||||||||||||||||||||||||||||||||||||||||||||||||
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02/15/2012 | REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT | |||||||||||||||||||||||||||||||||||||||||||||||||
03/05/2012 | 1ST REPORT CAL.272 | |||||||||||||||||||||||||||||||||||||||||||||||||
03/06/2012 | 2ND REPORT CAL. | |||||||||||||||||||||||||||||||||||||||||||||||||
03/07/2012 | ADVANCED TO THIRD READING | |||||||||||||||||||||||||||||||||||||||||||||||||
04/18/2012 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
04/18/2012 | DELIVERED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
04/18/2012 | referred to housing | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2012 | substituted for a9498 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2012 | ordered to third reading rules cal.352 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2012 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2012 | returned to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
08/06/2012 | DELIVERED TO GOVERNOR | |||||||||||||||||||||||||||||||||||||||||||||||||
08/17/2012 | SIGNED CHAP.415 |
S06480 Floor Votes:
Yes
Abbate
Yes
Ceretto
Yes
Glick
Yes
Lentol
Yes
Murray
Yes
Ryan
Yes
Abinanti
Yes
Clark
Yes
Goldfeder
Yes
Lifton
Yes
Nolan
Yes
Saladino
Yes
Amedore
Yes
Colton
Yes
Goodell
Yes
Linares
Yes
Oaks
Yes
Sayward
Yes
Arroyo
ER
Conte
Yes
Gottfried
Yes
Lopez PD
Yes
O'Donnell
Yes
Scarborough
Yes
Aubry
Yes
Cook
Yes
Graf
Yes
Lopez VJ
Yes
Ortiz
Yes
Schimel
Yes
Barclay
Yes
Corwin
Yes
Gunther
Yes
Losquadro
Yes
Palmesano
Yes
Schimminger
Yes
Barrett
Yes
Crespo
Yes
Hanna
Yes
Lupardo
Yes
Paulin
Yes
Simanowitz
Yes
Barron
Yes
Crouch
Yes
Hawley
Yes
Magee
Yes
Peoples Stokes
Yes
Simotas
Yes
Benedetto
Yes
Curran
Yes
Heastie
Yes
Magnarelli
Yes
Perry
Yes
Skartados
Yes
Blankenbush
Yes
Cusick
Yes
Hevesi
Yes
Maisel
Yes
Pretlow
Yes
Smardz
ER
Boyland
Yes
Cymbrowitz
Yes
Hikind
Yes
Malliotakis
Yes
Quart
Yes
Stevenson
Yes
Boyle
Yes
DenDekker
Yes
Hooper
Yes
Markey
Yes
Ra
Yes
Sweeney
Yes
Braunstein
Yes
Dinowitz
Yes
Jacobs
Yes
Mayer
Yes
Rabbitt
Yes
Tedisco
Yes
Brennan
Yes
Duprey
Yes
Jaffee
Yes
McDonough
Yes
Raia
Yes
Tenney
Yes
Brindisi
Yes
Englebright
ER
Jeffries
Yes
McEneny
Yes
Ramos
Yes
Thiele
Yes
Bronson
Yes
Espinal
Yes
Johns
Yes
McKevitt
Yes
Reilich
Yes
Titone
Yes
Brook Krasny
Yes
Farrell
Yes
Jordan
Yes
McLaughlin
Yes
Reilly
Yes
Titus
Yes
Burling
Yes
Finch
ER
Katz
ER
Meng
Yes
Rivera J
Yes
Tobacco
Yes
Butler
Yes
Fitzpatrick
Yes
Kavanagh
Yes
Miller D
Yes
Rivera N
Yes
Walter
Yes
Cahill
Yes
Friend
Yes
Kearns
Yes
Miller JM
Yes
Rivera PM
Yes
Weinstein
Yes
Calhoun
Yes
Gabryszak
Yes
Kellner
Yes
Miller MG
Yes
Roberts
Yes
Weisenberg
Yes
Camara
Yes
Galef
Yes
Kolb
Yes
Millman
Yes
Robinson
Yes
Weprin
Yes
Canestrari
Yes
Gantt
ER
Lancman
Yes
Montesano
Yes
Rodriguez
Yes
Wright
Yes
Castelli
Yes
Gibson
Yes
Latimer
Yes
Morelle
Yes
Rosenthal
Yes
Zebrowski
ER
Castro
Yes
Giglio
Yes
Lavine
Yes
Moya
Yes
Russell
Yes
Mr. Speaker
‡ Indicates voting via videoconference
S06480 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 6480 IN SENATE February 15, 2012 ___________ Introduced by Sen. YOUNG -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the private housing finance law, in relation to author- izing the granting of an additional real property tax exemption for certain redevelopment company projects The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 1 of section 125 of the private housing finance 2 law is amended by adding a new paragraph (a-3) to read as follows: 3 (a-3) Any inconsistent provision of law notwithstanding, the local 4 legislative body of any municipality may grant an additional tax 5 exemption period for any project, other than a project by a mutual rede- 6 velopment company, that received a tax exemption under paragraph (a) of 7 this subdivision, upon the expiration of the tax exemption period. The 8 additional tax exemption period may be for a term of fifty years, or 9 until such time as the project is no longer operated under the 10 restrictions and for the purposes set forth in this article, whichever 11 is sooner. Unless otherwise approved by the local legislative body, the 12 amount of taxes paid by the redevelopment company during such additional 13 tax exemption period shall not be less than an amount equal to the 14 greater of (i) ten percent of the annual rent or carrying charges of 15 the project, minus utilities for the residential portion of the project, 16 or (ii) the taxes payable by such company for the residential portion of 17 the project immediately prior to the expiration of the initial tax 18 exemption period. 19 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14426-02-2