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S 1451 New York Senate · 2025 Regular Session

Relates to creating the Neighborhood Small Business Rent Increase Exemption

Summary
Relates to creating the Neighborhood Small Business Rent Increase Exemption; provides a tax abatement for limiting rent increases on small businesses in a city of one million or more persons.
Issues: ✓ Budget & TaxesSupports Budget & TaxesTax abatement provides direct tax relief for small businesses by limiting rent increase impacts, aligning with support indicators for fiscal relief.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 10, 2025 Last action May 14, 2026
Maddy AI version diff · 1 comparison

What changed between versions

S1451 → S1451A · 2 edits
MINOR
The bill was amended to update its legislative status and correct a critical definition error regarding the program's timeline. The most significant change is the adjustment of the 'Eligibility period' dates, which were originally set to end in 2041 but were corrected to end in 2042 to align with the 2025-2026 legislative session. Additionally, the bill was formally recommitted to the Committee on Cities for further review and amendment.
Scope change
The bill's scope remains focused on creating a rent increase exemption for small businesses in large cities, but the corrected dates ensure the program operates for the intended duration.
TIMELINE

The 'Eligibility period' was changed to run from April 1, 2025, to March 31, 2042, correcting a previous error that listed the end date as 2041.

TECHNICAL

The bill text was updated to reflect its current status as 'S. 1451--A' and to record that it has been discharged from committee, amended, and recommitted for further work.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
6
Key actions
2
Committee
4
Amendments
2
May 14, 2026
Committee
REPORTED AND COMMITTED TO FINANCE
upper
Apr 7, 2026
Upper · Passed
PRINT NUMBER 1451A
upper
Apr 7, 2026
Upper · Passed
AMEND AND RECOMMIT TO CITIES 1
upper
Jan 7, 2026
Committee
REFERRED TO CITIES 1
upper
Feb 25, 2025
Committee
REPORTED AND COMMITTED TO FINANCE
upper
Jan 10, 2025
Committee
REFERRED TO CITIES 1
upper
1 primary · 2 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Brian Kavanagh
Brian Kavanagh
DDemocratic
NY
27
Co
Photo of Andrew Gounardes
Andrew Gounardes
DDemocratic
NY
26
Co
Photo of Robert Jackson
Robert Jackson
DDemocratic/Working Families
NY
31