Extends the tangible property credit component of the brownfield redevelopment tax credit for certain qualified sites which contain 40% open space and 25% affordable housing units.
This bill allows local governments to create additional real property tax exemptions specifically for senior citizens with lower incomes. It authorizes municipalities to establish new income brackets below the current maximum eligibility level, offering higher tax relief percentages as household income decreases. Under the proposed schedule, households earning less than the maximum limit could qualify for exemptions ranging from 50% to 65% of their assessed property value. The changes would apply to taxable years starting on or after January 1, 2026.
Requires the New York city housing authority to investigate complaints of squatters within twenty-four hours and promptly remove squatters from its apartments.
This bill authorizes the city of Yonkers to impose a special tax surcharge on vacant and abandoned properties. The surcharge can be set at up to two times the standard property tax, meaning the total tax owed on such properties could reach three times the normal rate. To be subject to this fee, a property must be officially designated as vacant or abandoned based on criteria like lack of occupancy, court orders, or owner statements, while excluding homes under active renovation or occupied by family members. The city's finance department will handle the designation process, providing owners with notice and an opportunity to appeal the decision before the tax is applied.
This bill restricts the use of smart access systems in multiple dwellings by prohibiting the collection and use of biometric data, such as fingerprints or facial scans, for entry purposes. It requires that all tenants and lawful occupants receive physical or digital keys at no cost and mandates that owners provide a non-electronic entry method upon request for religious reasons. Additionally, the legislation limits the number of free keys available for guests and employees while requiring owners to establish clear policies explaining how these systems operate and are managed.
Allows municipalities to cancel any interest and penalties on delinquent property tax payments where a property owner demonstrates extraordinary circumstances, financial hardship or a history of previous timely payment of property taxes; authorizes the commissioner of taxation and finance to promulgate rules and regulations for the application process, standards for documentation and guidance for enforcing officers.
This bill, known as the "mansion tax adjustment act," raises the sales price threshold for a special tax on residential real estate from one million to two million dollars. It directly affects buyers and sellers of homes, apartments, or condominiums priced at or above this new limit, requiring them to pay an additional one percent tax on the transaction. The law includes a provision to automatically adjust this two million dollar threshold each year based on inflation, ensuring the limit keeps pace with rising costs. This change applies immediately upon enactment.
Prohibits the issuance of a permit for the construction of a new multiple dwelling unless the multiple dwelling contains the minimum number of dwelling units required for the lot; defines minimum number of units required.
This bill prohibits hotels, motels, and other lodging facilities from offering room rates for less than six hours. It directly affects businesses that provide temporary accommodations to transient guests by setting a minimum duration for any hourly pricing options. The key provision requires that any hourly rate offered for a room with sleeping accommodations must cover a period of at least six hours. This change aims to standardize pricing structures for short-term stays across the lodging industry.
Requires an owner or submeterer of a building to eliminate any submetering problems in a timely manner; imposes responsibility for all the shared area charges for service measured to areas outside of the dwelling, unless there is an agreement to the contrary; prohibits the waiver of such provision; provides a complaint process.
