New York City Council     Members

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

This local law would extend the 488-A program through December 31, 2019.

  • Enacted

History

May 10, 2016
City Council
Recved from Mayor by Council
May 10, 2016
Mayor
Signed Into Law by Mayor
May 10, 2016
Mayor
Hearing Held by Mayor
Apr 20, 2016
City Council
Sent to Mayor by Council
Apr 20, 2016
City Council
Pass
Approved by Council

Affirmative

Absent

Medical

Apr 18, 2016
Committee on Housing and Buildings
Hearing Held by Committee
Apr 18, 2016
Committee on Housing and Buildings
Pass
Approved by Committee

Affirmative

Mar 31, 2016
Committee on Housing and Buildings
Hearing Held by Committee
Mar 31, 2016
Committee on Housing and Buildings
Laid Over by Committee
Mar 9, 2016
City Council
Introduced by Council
Mar 9, 2016
City Council
Referred to Comm by Council

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.