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History
- Referred to housing, construction and community development
- Referred to housing, construction and community development
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 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:S5102
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 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 or general idea of bill
To end high-rent vacancy decontrol of rent stabilized apartments
Summary of specific provisions
Section 1. Repeals paragraphs (m) and (n) of subdivision 2 of § 2 of chapter 274 of the laws of 1946
Section 2. Repeals § 2-a of chapter 274 of the laws of 1946
Section 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
Section 4. Repeals § 26-403.1 of the administrative code of the city of New York
Section 5. Repeals § 26 504.1 and § 26-504.2 of the administrative code of the city of New York
Section 6. Repeals § 26-504.3 of the administrative code of the city of New York
Section 7. Repeals paragraphs 12 and 13 of subdivision a of § 5 of § 4 of chapter 576 of the laws of 1974
Section 8. Repeals § 5-a of § 4 of chapter 576 of the laws of 1974
Section 9. Repeals subdivision 3 of § 171-b of the tax law and amends subdivision 7 of such section
Section 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.
Section 11. The effective date
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 ensuring affordable housing and stabilization of neighborhoods.
Prior legislative history
2015: A.4741/Ways and Means - Enacting Clause Stricken 2013-14: A.1682/Ways and Means 2011-12: A.1737/Ways and means, S.1793/GovOps 2009-10: A.1266/Ways and means, S.1551/GovOps 2008 - A.2814/Ways and Means; S.2611/Housing 2007 - A.2614/Ways and Means; S.2611/Housing 2006 -A.3213/Ways and Means; S.1693/Housing 2005 A.3213/Ways and Means;S.1693/Housing 2004 - A.9295/Ways and Means; S.6327/Housing
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.