Bill Text: NY A03766 | 2017-2018 | General Assembly | Amended

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Bill Title: Provides that abatement benefits shall not be granted until the applicant files the final application; provides further that if the final application is not filed within one year, benefits shall not be granted until such application is filed at the department's discretion.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2017-06-20 - substituted by s6751 [A03766 Detail]

Download: New_York-2017-A03766-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         3766--B
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    January 30, 2017
                                       ___________
        Introduced  by M. of A. HYNDMAN -- read once and referred to the Commit-
          tee on Real Property Taxation -- committee discharged,  bill  amended,
          ordered  reprinted  as  amended  and  recommitted to said committee --
          again reported from said committee with amendments, ordered  reprinted
          as amended and recommitted to said committee
        AN  ACT to amend the real property tax law, in relation to the impact of
          late filings on abatement benefits
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subparagraph  (ii)  of  paragraph (a) of subdivision 5 of
     2  section 489-cccccc of the real property tax law, as added by chapter 119
     3  of the laws of 2008, is amended to read as follows:
     4    (ii) Final application. Applicants shall file a final application  for
     5  benefits  no  later than one year from the date of issuance of the first
     6  building permit for construction work, or, where construction work  does
     7  not  require  a building permit, no later than one year from the date of
     8  commencement of construction.  Abatement benefits shall not  be  granted
     9  until  the  applicant files the final application. If the final applica-
    10  tion is not filed within such one year period, abatement benefits  shall
    11  not  be  granted until such application is filed, and the department may
    12  delay the granting of such benefits, at the department's discretion,  to
    13  investigate the reason for the late filing.
    14    §  2.  This  act  shall  take  effect  immediately  and shall apply to
    15  projects that file preliminary applications on or after such date.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00354-05-7