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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to housing, construction and community development
- Referred to housing, construction and community development
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the private housing finance law, in relation to rental surcharges in certain cases
Summary
This bill would add a new subdivision 4-a to the Private Housing Finance Law § 31 to provide that twenty-five percent of the amount of any rental surcharge paid by a tenant shall be deemed to have been directly imposed on such tenant by the municipality for real estate taxes and/or mortgage interest for which the housing company has otherwise been subsidized and directly paid by such tenant to the municipality for such purposes; notwithstanding that such surcharges have been collected by the housing company and partially remitted to the municipality.
Fiscal implication
To be determined.
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.