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Sponsors
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History
- 3rd reading cal.841
- Substituted for S5281A
- Referred to housing, construction and community development
- Delivered to senate
- Passed assembly
- Ordered to third reading cal.554
- Returned to assembly
- Died in senate
- Recommitted to rules
- 3rd reading cal.516
- Substituted for S5281A
- Referred to rules
Show 10 earlier actions
- Delivered to senate
- Passed assembly
- Ordered to third reading rules cal.545
- Rules report cal.545
- Reported
- Reported referred to rules
- Reported referred to ways and means
- Print number 8125a
- Amend (t) and recommit to real property taxation
- Referred to real property taxation
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Requires notice to the local housing agency when construction is halted on a project for which an application for a certain tax exemption has been made
Senate Floor Calendar · Sponsor Daniel L. Squadron
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A8125A
Title of bill
An act to amend the real property tax law, in relation to requiring notification to be given to the local housing agency in the event that cessation of construction on a project for which an applica- tion for a certain tax exemption has been made equals or exceeds one hundred twenty days
Purpose
To require applicants under the 421-a tax abatement program to provide written notice to the local housing agency when construction ceases for a period exceeding one hundred twenty days.
Summary of provisions
Section 1: Section 421-a of the real property tax law is amended by adding a new subdivision 5-a that requires appli- cants to affirmatively notify the local housing agency in writing when construction ceases for a period exceeding one hundred twenty days, the reasons for the cessation and the date construction is expected to resume.
Section 2: Effective date.
Justification
It is important for communities and local housing agen- cies to be informed about construction projects that require 421-a tax abatements coming to a halt. This notification will be an alert that expected affordable housing is no longer imminent. Furthermore, projects that cease construction without explanation leave neighbors questioning whether the excavation in their midst will ever conclude and provide the needed housing and improvements that were promised when the project was approved. Requiring the developer to provide notice when construction ceases, and estimate when it will resume, will help assuage these concerns and allow local housing agencies to help bring affordable housing on line.
Legislative history
New bill in the Assembly; Same as S5281 of 2009 (Squadron).
Fiscal implications
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.