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History
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 62–0
- Ordered to third reading cal.1773
- Committee discharged and committed to rules
- Referred to cities
- Returned to senate
- Died in assembly
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 59–0
- Ordered to third reading cal.1899
Show 1 earlier action
- Referred to rules
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5986
Title of bill
An act to repeal chapter 7 of title 11 of the administrative code of the city of New York, relating to commercial rent and occupancy tax
Summary of provisions
This bill the repeals chapter 7 of title 11 of the administrative code of the city of New York eliminating the commercial rent and occupancy tax
Justification
New York City currently taxes Commercial entities based upon rents paid. Companies doing business in NYC are job creators, and as such, should not be penalized by being taxed on the rent paid
Fiscal implications
None to State
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.