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Sponsors
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History
- Signed chap.306
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.399
- Substituted for A11279
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 61–0
- Ordered to third reading cal.1121
- Referred to rules
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.
Relates to a real estate tax abatement program for certain commercial, industrial and manufacturing properties in N.Y. city
Assembly Floor Calendar · Sponsor Richard Gottfried
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S8173
Title of bill
An act to amend the real property tax law, in relation to a real estate tax abatement program for certain commercial, industrial and manufactur- ing properties in a city of one million or more persons
Purpose or general idea of bill
To extend the eligibility period for the City of New York's Commercial Expansion Program until 2014.
Summary of specific provisions
Section 1 changes the expiration date of the "eligibility period" for the commercial, industrial and manufacturing properties tax abatement program from June 30, 2010 until June 30, 2014.
Section 2 amends §499-cc to extend the date by which certain work must be commenced and expenditures must be made from December 31, 2010 to December 31, 2014.
Justification
The eligibility period for businesses to participate in the City of New York's Commercial Expansion Program is scheduled to expire on June 30, 2010. This bill would allow businesses to receive tax abatements until June 30, 2014.
Prior legislative history
Extension of certain provisions of A.11772/S.8043A of 2006.
Fiscal implications
None.
Effective date
Immediately and shall be deemed to have been in full force and effect on and after July 1, 2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.