What's happening
This bill prohibits landlords from disclosing applications for certain tax benefits when renting units not currently under rent regulation, with violations fined up to $5,000.
Why it matters
Closes a potential loophole for landlords. by preventing them from advertising or verbally disclosing applications for tax benefits (which would require rent regulation) on units not yet under regulation, thereby protecting future tenants from misleading claims about a unit’s regulatory status.
Discourages pre-emptive marketing of unregulated units. as if they are about to gain rent-regulated protections due to pending tax benefit applications, reducing confusion and potential exploitation of renters seeking regulated apartments.
Introduces significant financial penalties. (up to $5,000 per violation), creating a strong deterrent against landlords misrepresenting units’ regulatory status and ensuring greater compliance with rent regulation laws.
Aims to maintain integrity and transparency. in the rental market by ensuring that only units actually subject to rent regulation as a result of approved tax benefits can be marketed or discussed as such, thus fostering fairer tenant-landlord relations.
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Ban Rental Benefit Disclosures
Plain English, a few words. Used as the page title.
Sponsors
History
- Referred to real property taxation
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
10146
IN ASSEMBLY
March 20, 2018
Introduced by M. of A. MOSLEY -- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to prohibiting disclosure of certain information when renting or leasing certain dwelling units
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 489 of the real property tax law is amended by adding a new subdivision 21 to read as follows:
21. (a) Notwithstanding the provisions of any general, special or local law or any local ordinance providing for benefits pursuant to this section, a person shall not make, print or publish, or cause to be made, printed, or published an advertisement for the rental or lease of a dwelling unit which discloses the existence of an application for benefits under this section if such dwelling unit would be subject to rent regulation as a result of receiving a tax exemption or abatement pursuant to this section and such dwelling unit is not currently subject to rent regulation.
(b) Notwithstanding the provisions of any general, special or local law or any local ordinance providing for benefits pursuant to this section, a person shall not verbally disclose to a prospective tenant the existence of an application for benefits under this section with respect to the rental or lease of a dwelling unit which would be subject to rent regulation as a result of receiving a tax exemption or abatement pursuant to this section if such dwelling unit is not currently subject to rent regulation.
(c) Any violation of the provisions of paragraphs (a) or (b) of this subdivision shall be subject to a fine of up to five thousand dollars.
§ 2. This act shall take effect on the ninetieth day after it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15084-01-8
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.