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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.
Prohibits landlords convicted of housing violations from claiming exemptions, credits or itemized deductions for such property on state tax returns
In Assembly Committee · Real Property Taxation · Sponsor Hakeem Jeffries
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 prohibiting landlords convicted of housing violations from claiming exemptions, credits or itemized deductions related to such rental property on state tax returns
Purpose or general idea of bill
This bill would prohibit landlords to collect incentives and tax credits on properties that violate housing codes.
Summary of specific provisions
Section 1 amends section 496 of real property tax law to prohibit property owners convicted of two or more housing violations from claiming exceptions, credit or reductions related to such rental property until violations have been remediated. Section 2 - Upon the conviction of a landlord for any housing violation, a form shall be provided by housing court or any court of competent jurisdiction to the property owner, this form shall be filed with each New York state tax return of such convicted landlord until such violations have been remediated and certified.
Justification
The bill addresses the incongruity of landlords convicted of housing violations receiving tax credits and subsidies for rental properties. This bill would create a system where no tax credits are given until violations are remediated.
Prior legislative history
New Bill.
Fiscal implications
To be determined.
Effective date
This act shall take effect on the one hundred eightieth day after it shall have become a law; provided, however, that effective immediately, the addition, amendment and/or repeal of any rule or regulation necessary for the implementation of this act on its effective date are authorized and directed to be made and completed on or before such effective date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.