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Who cares
Headline styles
Sponsors
2 Co-sponsors
History
- Referred to local government
- Referred to local government
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.
Provides tax abatement related to the removal of lead paint
In Assembly Committee · Real Property Taxation · Sponsor Sam Hoyt
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the real property tax law, in relation to providing a tax abatement related to the removal of leaded paint
Purpose or general idea of bill
Provides a tax abatement to landlords for the removal of leaded paint from their residential properties.
Summary of specific provisions
Would amend the real property tax law by adding section 467-g. The new section defines relevant terms and allows a partial tax abatement of real property taxes for residential rental dwellings where the owner removes leaded paint from the building.
Effects of present law which this bill would alter
This bill will amend the real property tax law by creating a partial tax abatement of real property taxes for residential rental property owners that remove leaded paint from their buildings.
Justification
Lead paint has historically been documented as endangering the public health by impairing the development of children. To help protect against this harm, this bill provides an incentive, in the form of a partial tax abatement of real property taxes, to landlords that remove leaded paint from their buildings. By providing the tax abatement, landlords will be able to defray a portion of the cost of removing leaded paint from their buildings.
Legislative history
S.5809 of 2007 05/11/07 Referred to Local Government
Fiscal implications for state and local governments
Undetermined.
Effective date
This act shall take effect immediately and shall apply to assessment rolls prepared on the basis of taxable status dates occurring on or after January 1, 2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.