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S1790Senate2015-2016 SessionSame asA2550

Relates to residential investment exemptions

Sponsor James L. SewardSD-51Affects Housing
Status
Signed by Governor
Impact
Pending
Outcome
Signed into law

Bill progress

Signed into law

What's happening

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Who cares

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Sponsors

Primary sponsor
James L. Seward

Senator · Senate District 51

Chair, Insurance

No co-sponsors yet.

History

  1. Signed chap.150
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Ordered to third reading cal.243
  6. Substituted for A2550
  7. Referred to real property taxation
  8. Delivered to assembly
  9. Passed senateVote 61–0
  10. Ordered to third reading cal.31
  11. Committee discharged and committed to rules
  12. 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.

A2550Assembly

Relates to residential investment exemptions

Assembly Floor Calendar · Sponsor William Magee

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S1790

Title of bill

An act to amend the real property tax law, in relation to residential investment exemptions in certain cities

Purpose

The measure is an amendment to Chapter 405 of the Laws of 2014. That law authorizes the Oneonta City Common Council, at local option, to provide tax exemptions to those investing in the city's housing stock.

Summary of provisions

This technical amendment specifies that the population of cities eligible for the program outlined in the chapter shall be according to the most recent census.

Existing law

Chapter 405 of the Laws of 2014.

Justification

The new language is an amendment requested by the executive in his approval memo #6.

Legislative history

S. 5991A/ 2014 - Chapter 405.

Fiscal implications

None to the state

Effective date

Immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.