NY A05211 | 2013-2014 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 21 2013 - 25% progression, died in chamber
Action: 2014-04-29 - reference changed to real property taxation
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 21 2013 - 25% progression, died in chamber
Action: 2014-04-29 - reference changed to real property taxation
Text: Latest bill text (Introduced) [HTML]
Summary
Confirms eligibility for and directs the New York city department of finance to provide exemption from taxation for certain residential dwelling units in the county of Richmond; provides that the exemption benefits shall be based upon all increases in assessed valuation, whether they are physical or equalization increases; sets forth the annual exemption benefits; provides that all exemption benefits prior to the current tax year shall result in credits to be applied to future taxes; provides that an extension may be granted for completion of the subject projects up to 96 months but no later than December 31, 2015.
Title
Confirms eligibility for and directs the New York city department of finance to provide exemption from taxation for certain residential dwelling units in the county of Richmond; provides that the exemption benefits shall be based upon all increases in assessed valuation, whether they are physical or equalization increases; sets forth the annual exemption benefits; provides that all exemption benefits prior to the current tax year shall result in credits to be applied to future taxes; provides that an extension may be granted for completion of the subject projects up to 96 months but no later than December 31, 2015.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-04-29 | Assembly | reference changed to real property taxation |
| 2014-01-08 | Assembly | referred to cities |
| 2013-02-21 | Assembly | referred to cities |
