A 6654 New York Assembly · 2025 Regular Session

Relates to authorizing a reduction of taxes pursuant to shelter rent

Summary

Relates to authorizing a reduction of taxes pursuant to shelter rent; provides that upon consent of the local legislative body in a city with a population of one million or more such taxes may be reduced to five per centum or less, including a full reduction of the annual shelter rent or carrying charges of a project.

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2025

Committee Review

Floor Vote

Governor

Introduced Mar 6, 2025 Last action May 18, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

A6654A → A6654B · 3 edits

MINOR

This bill version clarifies and expands tax reduction options for affordable housing projects in large New York cities. It removes a confusing bracketed placeholder and explicitly allows local legislative bodies to grant consent for tax reductions down to zero (full exemption) for projects in cities with populations over one million, whereas the previous version only allowed a reduction to a maximum of five percent.

Scope change

The bill's applicability to large cities (population of one million or more) was expanded to allow for a full tax exemption upon local consent, rather than being capped at five percent of annual shelter rent.

ELIGIBILITY

For cities with over one million residents, the tax cap was changed from a maximum of five percent to a potential full reduction (zero percent) if the local legislative body consents.

REQUIREMENT

The confusing bracketed text indicating old law was removed and replaced with clear language stating that local consent can result in a full tax reduction.

TECHNICAL

Minor formatting and line break adjustments were made throughout the document to reflect the new text structure.

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 18, 2026

Lower · Passed

PRINT NUMBER 6654B

lower

May 18, 2026

Lower · Passed

AMEND AND RECOMMIT TO HOUSING

lower

Feb 2, 2026

Lower · Passed

PRINT NUMBER 6654A

lower

Feb 2, 2026

Lower · Passed

AMEND AND RECOMMIT TO HOUSING

lower

Jan 7, 2026

Committee

REFERRED TO HOUSING

lower

Mar 6, 2025

Committee

REFERRED TO HOUSING

lower

1 primary · 2 co-sponsors