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History
- Recommit, enacting clause stricken
- Referred to investigations and government operations
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.
Eliminates rent regulation protection for certain high income tenants and high rent apartments; repealer
In Assembly Committee · Ways And Means · Sponsor William Colton
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S645
Title of bill
An act to amend the tax law and the real property tax law, in relation to eliminating rent regulation protection for certain high income tenants and high rent housing accommodations; and to repeal certain provisions of the emergency housing rent control law, the administrative code of the city of New York, the emergency tenant protection act of nineteen seventy-four and the tax law relating thereto
Purpose
To end high-rent vacancy decontrol of rent stabilized apartments.
Summary of provisions
Section 1 repeals paragraphs (m) and (n) of subdivision 2 of §2 of chapter 274 of the laws of 1946.
§ 2 repeals §2-a of chapter 274 of the laws of 1946
§3 repeals subparagraphs (j) and (k) of paragraph 2 of subdivision e of §26-403 of the administrative code of the city of New York
§4 repeals §26-403.1 of the administrative code of the city of New York
§5 repeals §26-504.1 and §26-504.2 of the administrative code of the city of New York
§6 repeals §26-504.3 of the administrative code of city of New York
§7 repeals paragraphs 12 and 13 of subdivision a of §5 and §4 of chapter 576 of the laws of 1974
§8 repeals §5-a and §4 of chapter 576 of the laws of 1974
§9 repeals subdivision 3 of § 171-b of the tax law and amends subdivision 7 of such section as amended by chapter 170 of the laws of 1994
§10 amends subparagraph (i) of paragraph (f) of subdivision 2 of
§421-a of the real property law, as amended by chapter 253 of the laws of 1993
Justification
The rent stabilization program is necessary to provide affordable housing for New Yorkers. High rent vacancy decontrol has led to the decontrol of large numbers of apartments. Ending this damaging practice is necessary to ensure affordable housing and stabilization of neighborhoods.
Legislative history
This bill has been previously introduced.
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.