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S02887 Summary:

BILL NOS02887
 
SAME ASSAME AS A03395
 
SPONSORKAVANAGH
 
COSPNSRSALAZAR
 
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 and 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.
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