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File #: Int 1119-2016    Version: * Name: Tax exemption and abatement for certain rehabilitated buildings as authorized by section 488-a of the real property tax law.
Type: Introduction Status: Enacted
Committee: Committee on Housing and Buildings
On agenda: 3/9/2016
Enactment date: 5/10/2016 Law number: 2016/061
Title: A Local Law to amend the administrative code of the city of New York, in relation to tax exemption and abatement for certain rehabilitated buildings as authorized by section 488-a of the real property tax law
Sponsors: Jumaane D. Williams, Inez E. Dickens, Vincent J. Gentile, Paul A. Vallone, Ben Kallos, Stephen T. Levin, (by request of the Mayor)
Council Member Sponsors: 6
Summary: This local law would extend the 488-A program through December 31, 2019.
Attachments: 1. Legislative History Report, 2. Summary of Int. No. 1119, 3. March 9, 2016 - Stated Meeting Agenda with Links to Files, 4. Committee Report 3/31/16, 5. Hearing Testimony 3/31/16, 6. Hearing Transcript 3/31/16, 7. Committee Report 4/18/16, 8. Hearing Transcript 4/18/16, 9. April 20, 2016 - Stated Meeting Agenda with Links to Files, 10. Fiscal Impact Statement, 11. Mayor's Letter, 12. Hearing Transcript - Stated Meeting 4-20-16, 13. Minutes of the Stated Meeting - April 20, 2016, 14. Local Law 61
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
5/10/2016*Jumaane D. Williams City Council Recved from Mayor by Council  Action details Meeting details Not available
5/10/2016*Jumaane D. Williams Mayor Signed Into Law by Mayor  Action details Meeting details Not available
5/10/2016*Jumaane D. Williams Mayor Hearing Held by Mayor  Action details Meeting details Not available
4/20/2016*Jumaane D. Williams City Council Sent to Mayor by Council  Action details Meeting details Not available
4/20/2016*Jumaane D. Williams City Council Approved by CouncilPass Action details Meeting details Not available
4/18/2016*Jumaane D. Williams Committee on Housing and Buildings Hearing Held by Committee  Action details Meeting details Not available
4/18/2016*Jumaane D. Williams Committee on Housing and Buildings Approved by CommitteePass Action details Meeting details Not available
3/31/2016*Jumaane D. Williams Committee on Housing and Buildings Hearing Held by Committee  Action details Meeting details Not available
3/31/2016*Jumaane D. Williams Committee on Housing and Buildings Laid Over by Committee  Action details Meeting details Not available
3/9/2016*Jumaane D. Williams City Council Introduced by Council  Action details Meeting details Not available
3/9/2016*Jumaane D. Williams City Council Referred to Comm by Council  Action details Meeting details Not available

Int. No. 1119

 

By Council Members Williams, Dickens, Gentile, Vallone, Kallos and Levin (by request of the Mayor)

 

A Local Law to amend the administrative code of the city of New York, in relation to tax exemption and abatement for certain rehabilitated buildings as authorized by section 488-a of the real property tax law

 

Be it enacted by the Council as follows:

 

Section 1.  Paragraph (i) of subdivision b of section 11-244 of the administrative code of the city of New York, as amended by local law number 56 for the year 2007, is amended to read as follows:

(i)  the eligible improvements are commenced after July first, nineteen hundred eighty, and prior to December thirty-first, two thousand [eleven] nineteen, and are completed within thirty-six months from commencement;

§ 2.  This local law takes effect immediately.