STATE OF NEW YORK

________________________________________________________________________
S. 6012

A. 8323

2015-2016 Regular Sessions

SENATE - ASSEMBLY
June 25, 2015
___________
IN SENATE -- Introduced by Sen. FLANAGAN -- (at request of the Governor)
-- read twice and ordered printed, and when printed to be committed to
the Committee on Rules
IN ASSEMBLY -- Introduced by M. of A. HEASTIE -- (at request of the
Governor) -- read once and referred to the Committee on Ways and Means
AN ACT to amend chapter 576 of the laws of 1974 amending the emergency
housing rent control law relating to the control of and stabilization
of rent in certain cases, the emergency housing rent control law,
chapter 329 of the laws of 1963 amending the emergency housing rent
control law relating to recontrol of rents in Albany, chapter 555 of
the laws of 1982 amending the general business law and the administrative code of the city of New York relating to conversion of residential property to cooperative or condominium ownership in the city of
New York, chapter 402 of the laws of 1983 amending the general business law relating to conversion of rental residential property to
cooperative or condominium ownership in certain municipalities in the
counties of Nassau, Westchester and Rockland and the rent regulation
reform act of 1997, and to amend chapter 4 of the laws of 2013 amending the real property tax law and other laws relating to interim
multiple dwellings in a city with a population of one million or more,
in relation to extending the effectiveness thereof; to amend the emergency tenant protection act of nineteen seventy-four, the emergency
housing rent control law, and the administrative code of the city of
New York, in relation to deregulation thresholds; to amend the administrative code of the city of New York and the emergency tenant
protection act of nineteen seventy-four, in relation to limiting rent
increase after vacancy of a housing accommodation; to amend the administrative code of the city of New York, the emergency tenant
protection act of nineteen seventy-four and the emergency housing rent
control law, in relation to adjustment of maximum allowable rent; to
amend chapter 97 of the laws of 2011, amending the general municipal
law and the education law, relating to establishing limits upon school
district and local government tax levies, in relation to extending
EXPLANATION--Matter in _______
italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD12037-01-5

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such provisions; and to amend the real property tax law, in relation
to extending certain provisions relating to exemption from taxation of
alterations and improvements to multiple dwellings; to amend the tax
law and part C of chapter 2 of the laws of 2005 amending the tax law
relating to exemptions from sales and use taxes, in relation to
extending certain provisions thereof; to amend the general city law
and the administrative code of the city of New York, in relation to
extending certain provisions relating to relocation and employment
assistance credits; to amend the general city law and the administrative code of the city of New York, in relation to extending certain
provisions relating to specially eligible premises and
special
rebates; to amend the administrative code of the city of New York, in
relation to extending certain provisions relating to exemptions and
deductions from base rent; to amend the real property tax law, in
relation to extending certain provisions relating to eligibility periods and requirements; to amend the real property tax law, in relation
to extending certain provisions relating to eligibility periods and
requirements, benefit periods and applications for abatements; to
amend the administrative code of the city of New York, in relation to
extending certain provisions relating to a special reduction in determining the taxable base rent; to amend the real property tax law and
the administrative code of the city of New York, in relation to
extending certain provisions relating to applications for abatement of
tax payments; to amend the real property tax law, in relation to
extending certain provision relating to partial tax abatement for
residential real property held in the cooperative or condominium form
of ownership in a city having a population of one million or more; to
amend the real property tax law, in relation to extending certain
provisions relating to exemptions of certain new or substantially
rehabilitated multiple dwellings from local taxation; to amend the
public housing law, in relation to the division of housing and community renewal being authorized to establish a tenant protection unit;
and to amend the multiple dwelling law, in relation to interim multiple dwellings (Part A); to amend the education law, in relation to
charter schools (Subpart A); making an appropriation to the education
department for reimbursement to non-public schools (Subpart B); to
amend the education law, in relation to the release of standardized
test questions and answers, teacher evaluations and establishing a
content
review committee; and making an appropriation therefor
(Subpart C); to amend chapter 91 of the laws of 2002, amending the
education law and other laws relating to reorganization of the New
York city school construction authority, board of education and community boards, in relation to the effectiveness thereof; to amend chapter 345 of the laws of 2009, amending the education law and other laws
relating to the New York city board of education, chancellor, community councils and community superintendents, in relation to the effectiveness thereof; and relating to the education budget plan of the
mayor of the city of New York (Subpart D); and to amend the domestic
relations law, in relation to determining who may solemnize a marriage
(Subpart E) (Part B); and Intentionally omitted (Subpart A); to amend
the tax law, in relation to establishing a property tax relief credit;
to amend part K of chapter 59 of the laws of 2014, amending the tax
law relating to providing an enhanced real property tax circuit breaker, in relation to the effectiveness thereof (Subpart B); to amend the
education law and the general municipal law, in relation to capital
local expenditures and the quantity change factor (Subpart C); to

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amend the tax law, in relation to extending the authority of the county of Nassau to impose additional sales and compensating use taxes,
and extending local government assistance programs in Nassau county
(Subpart D); to amend the tax law and the vehicle and traffic law, in
relation to special motor vehicle use taxes imposed by the county of
Suffolk (Subpart E); to authorize assistance to the city of Yonkers to
support public schools in the city (Subpart F); making an appropriation for money for services and expenses of the city of Rochester
(Subpart G); and appropriating money for certain municipal corporations and school districts; and providing for the repeal of such
provisions upon expiration thereof (Subpart H) (Part C)
The People of the State of New York, represented in Senate and Assem______________________________________________________________________
_________________________
bly,
do enact as follows:
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Section 1. This act enacts into law major components of legislation
relating to real property tax levies, rent regulation and education.
Each component is wholly contained within a Part identified as Parts A
through C. The effective date for each particular provision contained
within such Part is set forth in the last section of such Part. Any
provision in any section contained within a Part, including the effective date of the Part, which makes a reference to a section "of this
act", when used in connection with that particular component, shall be
deemed to mean and refer to the corresponding section of the Part in
which it is found. Section three of this act sets forth the general
effective date of this act.

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PART A

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Section 1. Short title. This act shall be known and may be cited as
the "rent act of 2015".
§ 1-a. Section 17 of chapter 576 of the laws of 1974 amending the
emergency housing rent control law relating to the control of and
stabilization of rent in certain cases, as amended by chapter 19 of the
laws of 2015, is amended to read as follows:
§ 17. Effective date.
This act shall take effect immediately and
shall remain in full force and effect until and including the [twentythird] _________
fifteenth day of June [2015] ____
2019; except that sections two and
three shall take effect with respect to any city having a population of
one million or more and section one shall take effect with respect to
any other city, or any town or village whenever the local legislative
body of a city, town or village determines the existence of a public
emergency pursuant to section three of the emergency tenant protection
act of nineteen seventy-four, as enacted by section four of this act,
and provided that the housing accommodations subject on the effective
date of this act to stabilization pursuant to the New York city rent
stabilization law of nineteen hundred sixty-nine shall remain subject to
such law upon the expiration of this act.
§ 2. Subdivision 2 of section 1 of chapter 274 of the laws of 1946
constituting the emergency housing rent control law, as amended by chapter 19 of the laws of 2015, is amended to read as follows:
2. The provisions of this act, and all regulations, orders and
requirements thereunder shall remain in full force and effect until and
including June [23] __
15, [2015] ____
2019.

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§ 3. Section 2 of chapter 329 of the laws of 1963 amending the emergency housing rent control law relating to recontrol of rents in Albany,
as amended by chapter 19 of the laws of 2015, is amended to read as
follows:
§ 2. This act shall take effect immediately and the provisions of
subdivision 6 of section 12 of the emergency housing rent control law,
as added by this act, shall remain in full force and effect until and
including June [23] __
15, [2015] ____
2019.
§ 4. Section 10 of chapter 555 of the laws of 1982 amending the general business law and the administrative code of the city of New York
relating to conversion of residential property to cooperative or condominium ownership in the city of New York, as amended by chapter 19 of
the laws of 2015, is amended to read as follows:
§ 10. This act shall take effect immediately; provided, that the
provisions of sections one, two and nine of this act shall remain in
full force and effect only until and including June [23] __
15, [2015]
____
2019; provided further that the provisions of section three of this act
shall remain in full force and effect only so long as the public emergency requiring the regulation and control of residential rents and
evictions continues as provided in subdivision 3 of section 1 of the
local emergency housing rent control act; provided further that the
provisions of sections four, five, six and seven of this act shall
expire in accordance with the provisions of section 26-520 of the administrative code of the city of New York as such section of the administrative code is, from time to time, amended; provided further that the
provisions of section 26-511 of the administrative code of the city of
New York, as amended by this act, which the New York City Department of
Housing Preservation and Development must find are contained in the code
of the real estate industry stabilization association of such city in
order to approve it, shall be deemed contained therein as of the effective date of this act; and provided further that any plan accepted for
filing by the department of law on or before the effective date of this
act shall continue to be governed by the provisions of section 352-eeee
of the general business law as they had existed immediately prior to the
effective date of this act.
§ 5. Section 4 of chapter 402 of the laws of 1983 amending the general
business law relating to conversion of rental residential property to
cooperative or condominium ownership in certain municipalities in the
counties of Nassau, Westchester and Rockland, as amended by chapter 19
of the laws of 2015, is amended to read as follows:
§ 4. This act shall take effect immediately; provided, that the
provisions of sections one and three of this act shall remain in full
force and effect only until and including June [23] __
15, [2015] ____
2019; and
provided further that any plan accepted for filing by the department of
law on or before the effective date of this act shall continue to be
governed by the provisions of section 352-eee of the general business
law as they had existed immediately prior to the effective date of this
act.
§ 6. Subdivision 6 of section 46 of chapter 116 of the laws of 1997
constituting the rent regulation reform act of 1997, as amended by chapter 19 of the laws of 2015, is amended to read as follows:
6. sections twenty-eight, twenty-eight-a, twenty-eight-b and twentyeight-c of this act shall expire and be deemed repealed after June [23]
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15, [2015] ____
2019;
§ 7. Paragraph (n) of subdivision 2 of section 2 of chapter 274 of the
laws of 1946, constituting the emergency housing rent control law, as

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amended by section 9 of part B of chapter 97 of the laws of 2011, is
amended to read as follows:
(n) any housing accommodation with a maximum rent of two thousand
dollars or more per month at any time between the effective date of this
paragraph and October first, nineteen hundred ninety-three which is or
becomes vacant on or after the effective date of this paragraph; or, for
any housing accommodation with a maximum rent of two thousand dollars or
more per month at any time on or after the effective date of the rent
regulation reform act of 1997 and before the effective date of the rent
act of 2011, which is or becomes vacant on or after the effective date
of the rent regulation reform act of 1997 and before the effective date
of the rent act of 2011. This exclusion shall apply regardless of whether the next tenant in occupancy or any subsequent tenant in occupancy is
charged or pays less than two thousand dollars a month; or, for any
housing accommodation with a maximum rent of two thousand five hundred
dollars or more per month at any time on or after the effective date of
the rent act of 2011, which is or becomes vacant on or after such effective date,
_______________________________________________________________
but prior to the effective date of the rent act of 2015; or,
________________________________________________________________________
any housing accommodation with a legal regulated rent that was two thou________________________________________________________________________
sand seven hundred dollars or more per month at any time on or after the
________________________________________________________________________
effective date of the rent act of 2015, which becomes vacant after the
________________________________________________________________________
effective date of the rent act of 2015, provided, however, that starting
________________________________________________________________________
on January 1, 2016, and annually thereafter, the maximum legal regulated
________________________________________________________________________
rent for this deregulation threshold, shall also be increased by the
________________________________________________________________________
same percentage as the most recent one year renewal adjustment, adopted
________________________________________
by the applicable rent guidelines board. This exclusion shall apply
regardless of whether the next tenant in occupancy or any subsequent
tenant in occupancy actually is charged or pays less than two thousand
[five] _____
seven hundred dollars [a],
____________________________________
as adjusted by the applicable rent
_____________________
guidelines board, per month. An exclusion pursuant to this paragraph
shall not apply, however, to or become effective with respect to housing
accommodations which the commissioner determines or finds that the landlord or any person acting on his or her behalf, with intent to cause the
tenant to vacate, has engaged in any course of conduct (including, but
not limited to, interruption or discontinuance of required services)
which interfered with or disturbed or was intended to interfere with or
disturb the comfort, repose, peace or quiet of the tenant in his or her
use or occupancy of the housing accommodations and in connection with
such course of conduct, any other general enforcement provision of this
law shall also apply.
§ 8. Paragraph 13 of subdivision a of section 5 of section 4 of chapter 576 of the laws of 1974, constituting the emergency tenant
protection act of nineteen seventy-four, as amended by section 10 of
part B of chapter 97 of the laws of 2011, is amended to read as follows:
(13) any housing accommodation with a legal regulated rent of two
thousand dollars or more per month at any time between the effective
date of this paragraph and October first, nineteen hundred ninety-three
which is or becomes vacant on or after the effective date of this paragraph; or, for any housing accommodation with a legal regulated rent of
two thousand dollars or more per month at any time on or after the
effective date of the rent regulation reform act of 1997 and before the
effective date of the rent act of 2011, which is or becomes vacant on or
after the effective date of the rent regulation reform act of 1997 and
before the effective date of the rent act of 2011. This exclusion shall
apply regardless of whether the next tenant in occupancy or any subsequent tenant in occupancy is charged or pays less than two thousand

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dollars a month; or, for any housing accommodation with a legal regulated rent of two thousand five hundred dollars or more per month at any
time on or after the effective date of the rent act of 2011, which is or
becomes vacant on or after such effective date,
_________________________
but prior to the effec________________________________________________________________________
tive date of the rent act of 2015; or, any housing accommodation with a
________________________________________________________________________
legal regulated rent that was two thousand seven hundred dollars or more
________________________________________________________________________
per month at any time on or after the effective date of the rent act of
________________________________________________________________________
2015, which becomes vacant after the effective date of the rent act of
________________________________________________________________________
2015, provided, however, that starting on January 1, 2016, and annually
________________________________________________________________________
thereafter, the maximum legal regulated rent for this deregulation
________________________________________________________________________
threshold, shall also be increased by the same percentage as the most
________________________________________________________________________
recent one year renewal adjustment, adopted by the applicable rent
_________________
guidelines board. An exclusion pursuant to this paragraph shall apply
regardless of whether the next tenant in occupancy or any subsequent
tenant in occupancy actually is charged or pays less than two thousand
[five] _____
seven hundred dollars a month. Provided however, that an exclusion pursuant to this paragraph shall not apply to housing accommodations which became or become subject to this act (a) by virtue of
receiving tax benefits pursuant to section four hundred twenty-one-a or
four hundred eighty-nine of the real property tax law, except as otherwise provided in subparagraph (i) of paragraph (f) of subdivision two of
section four hundred twenty-one-a of the real property tax law, or (b)
by virtue of article seven-C of the multiple dwelling law. This paragraph shall not apply, however, to or become effective with respect to
housing accommodations which the commissioner determines or finds that
the landlord or any person acting on his or her behalf, with intent to
cause the tenant to vacate, has engaged in any course of conduct
(including, but not limited to, interruption or discontinuance of
required services) which interfered with or disturbed or was intended to
interfere with or disturb the comfort, repose, peace or quiet of the
tenant in his or her use or occupancy of the housing accommodations and
in connection with such course of conduct, any other general enforcement
provision of this act shall also apply.
§ 9. Subparagraph (k) of paragraph 2 of subdivision e of section
26-403 of the administrative code of the city of New York, as amended by
section 11 of part B of chapter 97 of the laws of 2011, is amended to
read as follows:
(k) Any housing accommodation which becomes vacant on or after April
first, nineteen hundred ninety-seven and before the effective date of
the rent act of 2011, and where at the time the tenant vacated such
housing accommodation the maximum rent was two thousand dollars or more
per month; or, for any housing accommodation which is or becomes vacant
on or after the effective date of the rent regulation reform act of 1997
and before the effective date of the rent act of 2011 with a maximum
rent of two thousand dollars or more per month. This exclusion shall
apply regardless of whether the next tenant in occupancy or any subsequent tenant in occupancy is charged or pays less than two thousand
dollars a month; or, for any housing accommodation with a maximum rent
of two thousand five hundred dollars or more per month at any time on or
after the effective date of the rent act of 2011, which is or becomes
vacant on or after such effective date,
_________________________________
but prior to the effective date
________________________________________________________________________
of the rent act of 2015; or, any housing accommodation with a legal
________________________________________________________________________
regulated rent that was two thousand seven hundred dollars or more per
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month at any time on or after the effective date of the rent act of
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2015, which becomes vacant after the effective date of the rent act of
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2015, provided, however, that starting on January 1, 2016, and annually

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thereafter, the maximum legal regulated rent for this deregulation
________________________________________________________________________
threshold, shall also be increased by the same percent as the most
________________________________________________________________________
recent one year renewal adjustment, adopted by the New York city rent
________________________________________________________
guidelines board pursuant to the rent stabilization law. This exclusion
shall apply regardless of whether the next tenant in occupancy or any
subsequent tenant in occupancy actually is charged or pays less than two
thousand [five] _____
seven hundred dollars a month. Provided however, that an
exclusion pursuant to this subparagraph shall not apply to housing
accommodations which became or become subject to this law by virtue of
receiving tax benefits pursuant to section four hundred eighty-nine of
the real property tax law. This subparagraph shall not apply, however,
to or become effective with respect to housing accommodations which the
commissioner determines or finds that the landlord or any person acting
on his or her behalf, with intent to cause the tenant to vacate, has
engaged in any course of conduct (including, but not limited to, interruption or discontinuance of required services) which interfered with or
disturbed or was intended to interfere with or disturb the comfort,
repose, peace or quiet of the tenant in his or her use or occupancy of
the housing accommodations and in connection with such course of
conduct, any other general enforcement provision of this law shall also
apply.
§ 10. Section 26-504.2 of the administrative code of the city of New
York, as amended by section 12 of part B of chapter 97 of the laws of
2011, is amended to read as follows:
§ 26-504.2 Exclusion of high rent accommodations. a. "Housing accommodations" shall not include: any housing accommodation which becomes
vacant on or after April first, nineteen hundred ninety-seven and before
the effective date of the rent act of 2011 and where at the time the
tenant vacated such housing accommodation the legal regulated rent was
two thousand dollars or more per month; or, for any housing accommodation which is or becomes vacant on or after the effective date of the
rent regulation reform act of 1997 and before the effective date of the
rent act of 2011, with a legal regulated rent of two thousand dollars or
more per month;
_________________________________________________________
or for any housing accommodation that becomes vacant on
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or after the effective date of the rent act of 2015, where such legal
________________________________________________________________________
regulated rent was two thousand seven hundred dollars or more, and as
________________________________________________________________________
further adjusted by this section.
Starting on January 1, 2016, and
________________________________________________________________________
annually thereafter, the maximum legal regulated rent for this deregu________________________________________________________________________
lation threshold, shall also be increased by the same percent as the
________________________________________________________________________
most recent one year renewal adjustment, adopted by the New York city
_______________________________________________________________
rent guidelines board pursuant to the rent stabilization law.
This
exclusion shall apply regardless of whether the next tenant in occupancy
or any subsequent tenant in occupancy is charged or pays less than two
thousand dollars a month; or, for any housing accommodation with a legal
regulated rent of two thousand five hundred dollars or more per month at
any time on or after the effective date of the rent act of 2011, which
is or becomes vacant on or after such effective date,
__________________
but prior to the
________________________________________________________________________
effective date of the rent act of 2015; or, any housing accommodation
________________________________________________________________________
with a legal regulated rent that was two thousand seven hundred dollars
________________________________________________________________________
or more per month at any time on or after the effective date of the rent
________________________________________________________________________
act of 2015, which becomes vacant after the effective date of the rent
________________________________________________________________________
act of 2015, provided, however, that starting on January 1, 2016, and
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annually thereafter, such legal regulated rent for this deregulation
________________________________________________________________________
threshold, shall also be increased by the same percentage as the most
________________________________________________________________________
recent one year renewal adjustment, adopted by the New York city rent
_________________
guidelines board. This exclusion shall apply regardless of whether the

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next tenant in occupancy or any subsequent tenant in occupancy actually
is charged or pays less than two thousand [five] _____
seven hundred dollars,
_
____________________________________________________
as adjusted by the applicable rent guidelines board, a month. Provided
however, that an exclusion pursuant to this subdivision shall not apply
to housing accommodations which became or become subject to this law (a)
by virtue of receiving tax benefits pursuant to section four hundred
twenty-one-a or four hundred eighty-nine of the real property tax law,
except as otherwise provided in subparagraph (i) of paragraph (f) of
subdivision two of section four hundred twenty-one-a of the real property tax law, or (b) by virtue of article seven-C of the multiple dwelling
law. This section shall not apply, however, to or become effective with
respect to housing accommodations which the commissioner determines or
finds that the landlord or any person acting on his or her behalf, with
intent to cause the tenant to vacate, engaged in any course of conduct
(including, but not limited to, interruption or discontinuance of
required services) which interfered with or disturbed or was intended to
interfere with or disturb the comfort, repose, peace or quiet of the
tenant in his or her use or occupancy of the housing accommodations and
in connection with such course of conduct, any other general enforcement
provision of this law shall also apply.
b. The owner of any housing accommodation that is not subject to this
law pursuant to the provisions of subdivision a of this section or
subparagraph k of paragraph 2 of subdivision e of section 26-403 of this
code shall give written notice certified by such owner to the first
tenant of that housing accommodation after such housing accommodation
becomes exempt from the provisions of this law or the city rent and
rehabilitation law. Such notice shall contain the last regulated rent,
the reason that such housing accommodation is not subject to this law or
the city rent and rehabilitation law, a calculation of how either the
rental amount charged when there is no lease or the rental amount
provided for in the lease has been derived so as to reach two thousand
dollars or more per month or, for a housing accommodation with a legal
regulated rent or maximum rent of two thousand five hundred dollars or
more per month on or after the effective date of the rent act of 2011,
_
________________________________________________________
and before the effective date of the rent act of 2015, which is or
becomes vacant on or after such effective date, whether the next tenant
in occupancy or any subsequent tenant in occupancy actually is charged
or pays less than a legal regulated rent or maximum rent of two thousand
five hundred dollars or more per month, _____________________________
or two thousand seven hundred
________________________________________________________________________
dollars or more, per month, starting on January 1, 2016, and annually
________________________________________________________________________
thereafter, the maximum legal regulated rent for this deregulation
________________________________________________________________________
threshold, shall also be increased by the same percent as the most
________________________________________________________________________
recent one year renewal adjustment, adopted by the New York city rent
__________________________________________________________
guidelines board pursuant to the rent stabilization law, a statement
that the last legal regulated rent or the maximum rent may be verified
by the tenant by contacting the state division of housing and community
renewal, or any successor thereto, and the address and telephone number
of such agency, or any successor thereto. Such notice shall be sent by
certified mail within thirty days after the tenancy commences or after
the signing of the lease by both parties, whichever occurs first or
shall be delivered to the tenant at the signing of the lease. In addition, the owner shall send and certify to the tenant a copy of the
registration statement for such housing accommodation filed with the
state division of housing and community renewal indicating that such
housing accommodation became exempt from the provisions of this law or
the city rent and rehabilitation law, which form shall include the last

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regulated rent, and shall be sent to the tenant within thirty days after
the tenancy commences or the filing of such registration, whichever
occurs later.
§ 11. Subdivision a-2 of section 10 of section 4 of chapter 576 of the
laws of 1974, constituting the emergency tenant protection act of nineteen seventy-four, as amended by section 13 of part B of chapter 97 of
the laws of 2011, is amended to read as follows:
(a-2) Provides that where the amount of rent charged to and paid by
the tenant is less than the legal regulated rent for the housing accommodation, the amount of rent for such housing accommodation which may be
charged upon renewal or upon vacancy thereof,
_ may, at the option of the
owner, be based upon such previously established legal regulated rent,
as adjusted by the most recent applicable guidelines increases and other
increases authorized by law. [Where, subsequent to vacancy, such legal
regulated rent, as adjusted by the most recent applicable guidelines
increases and any other increases authorized by law is two thousand
dollars or more per month or, for any housing accommodation which is or
becomes vacant on or after the effective date of the rent act of 2011,
is two thousand five hundred dollars or more per month, such housing
accommodation shall be excluded from the provisions of this act pursuant
to paragraph thirteen of subdivision a of section five of this act] ____
Such
________________________________________________________________________
housing accommodation shall be excluded from the provisions of this act
________________________________________________________________________
pursuant to paragraph thirteen of subdivision a of section five of this
________________________________________________________________________
act when subsequent to vacancy: (i) such legal regulated rent is two
________________________________________________________________________
thousand five hundred dollars per month, or more, for any housing accom________________________________________________________________________
modation that is, or becomes, vacant after the effective date of the
________________________________________________________________________
rent act of 2011 but prior to the effective date of the rent act of 2015
________________________________________________________________________
or (ii) such legal regulated rent is two thousand seven hundred dollars
________________________________________________________________________
per month or more for any housing accommodation that is or becomes
________________________________________________________________________
vacant on or after the rent act of 2015; starting on January 1, 2016,
________________________________________________________________________
and annually thereafter, the maximum legal regulated rent for this
________________________________________________________________________
deregulation threshold, shall also be increased by the same percent as
________________________________________________________________________
the most recent one year renewal adjustment, adopted by the applicable
____________________________________________________________
rent guidelines board pursuant to the rent stabilization law.
§ 12. Paragraph 14 of subdivision c of section 26-511 of the administrative code of the city of New York, as amended by section 14 of part B
of chapter 97 of the laws of 2011, is amended to read as follows:
(14) provides that where the amount of rent charged to and paid by the
tenant is less than the legal regulated rent for the housing accommodation, the amount of rent for such housing accommodation which may be
charged upon renewal or upon vacancy thereof,
_ may, at the option of the
owner, be based upon such previously established legal regulated rent,
as adjusted by the most recent applicable guidelines increases and any
other increases authorized by law. [Where, subsequent to vacancy, such
legal regulated rent, as adjusted by the most recent applicable guidelines increases and any other increases authorized by law is two thousand dollars or more per month or, for any housing accommodation which
is or becomes vacant on or after the effective date of the rent act of
2011, is two thousand five hundred dollars or more per month, such housing accommodation shall be excluded from the provisions of this law
pursuant to section 26-504.2 of this chapter] __________________________
Such housing accommodation
________________________________________________________________________
shall be excluded from the provisions of this code pursuant to section
________________________________________________________________________
26-504.2 of this chapter when, subsequent to vacancy: (i) such legal
________________________________________________________________________
regulated rent prior to vacancy is two thousand five hundred dollars per
________________________________________________________________________
month, or more, for any housing accommodation that is or becomes vacant
________________________________________________________________________
after the effective date of the rent act of 2011 but prior to the effec-

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________________________________________________________________________
tive date of the rent act of 2015 or (ii) such legal regulated rent is
________________________________________________________________________
two thousand seven hundred dollars per month or more, provided, however
________________________________________________________________________
that on January 1, 2016, and annually thereafter, the maximum legal
________________________________________________________________________
regulated rent for this deregulation threshold shall be adjusted by the
________________________________________________________________________
same percentage as the most recent one year renewal adjustment as
________________________________________________________________________
adjusted by the relevant rent guidelines board, for any housing accommo_________________________________________________________________
dation that is or becomes vacant on or after the rent act of 2015.
§ 13. Paragraph 3 of subdivision (a) of section 5-a of section 4 of
chapter 576 of the laws of 1974, constituting the emergency tenant
protection act of nineteen seventy-four, as added by section 30 of part
B of chapter 97 of the laws of 2011, is amended to read as follows:
3. Deregulation rent threshold means two thousand dollars
for
proceedings commenced before July first, two thousand eleven. For
proceedings commenced on or after July first, two thousand eleven, the
deregulation rent threshold means two thousand five hundred dollars.
________________________________________________________________________
For proceedings commenced on or after July first, two thousand fifteen,
________________________________________________________________________
the deregulation rent threshold means two thousand seven hundred
________________________________________________________________________
dollars, provided, however that on January 1, 2016, and annually there________________________________________________________________________
after, the maximum legal regulated rent for this deregulation threshold
________________________________________________________________________
shall be adjusted by the same percentage as the most recent one year
________________________________________________________
renewal adjustment adopted by the rent guidelines board.
§ 14. Paragraph 3 of subdivision (a) of section 2-a of chapter 274 of
the laws of 1946, constituting the emergency housing rent control law,
as added by section 32 of part B of chapter 97 of the laws of 2011, is
amended to read as follows:
3. Deregulation rent threshold means two thousand dollars
for
proceedings commenced prior to July first, two thousand eleven. For
proceedings commenced on or after July first, two thousand eleven, the
deregulation rent threshold means two thousand five hundred dollars.
________________________________________________________________________
For proceedings commenced on or after July first, two thousand fifteen,
________________________________________________________________________
the deregulation rent threshold means two thousand seven hundred
________________________________________________________________________
dollars, provided, however, that on January 1, 2016, and annually there________________________________________________________________________
after, the maximum legal regulated rent for this deregulation threshold
________________________________________________________________________
shall be adjusted by the same percentage as the most recent one year
________________________________________________________
renewal adjustment adopted by the rent guidelines board.
§ 15. Paragraph 3 of subdivision (a) of section 26-403.1 of the administrative code of the city of New York, as added by section 34 of part B
of chapter 97 of the laws of 2011, is amended to read as follows:
3. Deregulation rent threshold means two thousand dollars
for
proceedings commenced before July first, two thousand eleven. For
proceedings commenced on or after July first, two thousand eleven, the
deregulation rent threshold means two thousand five hundred dollars.
________________________________________________________________________
For proceedings commenced on or after July first, two thousand fifteen,
________________________________________________________________________
the deregulation rent threshold means two thousand seven hundred
________________________________________________________________________
dollars, provided, however, that on January first, two thousand sixteen,
________________________________________________________________________
and annually thereafter, such deregulation rent threshold shall be
________________________________________________________________________
adjusted by the same percentage as the most recent one year renewal
____________________________________________________
adjustment adopted by the relevant guidelines board.
§ 16. Paragraph 3 of subdivision (a) of section 26-504.3 of the administrative code of the city of New York, as added by section 36 of part B
of chapter 97 of the laws of 2011, is amended to read as follows:
3. Deregulation rent threshold means two thousand dollars
for
proceedings commenced before July first, two thousand eleven. For
proceedings commenced on or after July first, two thousand eleven, the
deregulation rent threshold means two thousand five hundred dollars.
________________________________________________________________________
For proceedings commenced on or after July first, two thousand fifteen,

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________________________________________________________________________
the deregulation rent threshold means two thousand seven hundred
________________________________________________________________________
dollars, provided, however, that on January first, two thousand sixteen,
________________________________________________________________________
and annually thereafter, such deregulation rent threshold shall be
________________________________________________________________________
adjusted by the same percentage as the most recent one year renewal
____________________________________________________
adjustment adopted by the relevant guidelines board.
§ 16-a. Paragraph 5-a of subdivision c of section 26-511 of the administrative code of the city of New York, as amended by section 7 of part
B of chapter 97 of the laws of 2011, is amended to read as follows:
(5-a) provides that, notwithstanding any provision of this chapter,
the legal regulated rent for any vacancy lease entered into after the
effective date of this paragraph shall be as hereinafter provided in
this paragraph. The previous legal regulated rent for such housing
accommodation shall be increased by the following: (i) if the vacancy
lease is for a term of two years, twenty percent of the previous legal
regulated rent; or (ii) if the vacancy lease is for a term of one year
the increase shall be twenty percent of the previous legal regulated
rent less an amount equal to the difference between (a) the two year
renewal lease guideline promulgated by the guidelines board of the city
of New York applied to the previous legal regulated rent and (b) the one
year renewal lease guideline promulgated by the guidelines board of the
city of New York applied to the previous legal regulated rent. ________
However,
________________________________________________________________________
where the amount charged and paid by the prior tenant pursuant to para________________________________________________________________________
graph fourteen of this subdivision, was less than the legal regulated
________________________________________________________________________
rent, such increase to the legal regulated rent shall not exceed:
five
________________________________________________________________________
percent of the previous legal regulated rent if the last vacancy lease
________________________________________________________________________
commenced less than two years ago; ten percent of the previous legal
________________________________________________________________________
regulated rent if the last vacancy lease commenced less than three years
________________________________________________________________________
ago; fifteen percent of the previous legal regulated rent if the last
________________________________________________________________________
vacancy lease commenced less than four years ago; twenty percent of the
________________________________________________________________________
previous legal regulated rent if the last vacancy lease commenced four
__________________
or more years ago. In addition, if the legal regulated rent was not
increased with respect to such housing accommodation by a permanent
vacancy allowance within eight years prior to a vacancy lease executed
on or after the effective date of this paragraph, the legal regulated
rent may be further increased by an amount equal to the product resulting from multiplying such previous legal regulated rent by six-tenths of
one percent and further multiplying the amount of rent increase resulting therefrom by the greater of (A) the number of years since the imposition of the last permanent vacancy allowance, or (B) if the rent was
not increased by a permanent vacancy allowance since the housing accommodation became subject to this chapter, the number of years that such
housing accommodation has been subject to this chapter. Provided that if
the previous legal regulated rent was less than three hundred dollars
the total increase shall be as calculated above plus one hundred dollars
per month. Provided, further, that if the previous legal regulated rent
was at least three hundred dollars and no more than five hundred dollars
in no event shall the total increase pursuant to this paragraph be less
than one hundred dollars per month. Such increase shall be in lieu of
any allowance authorized for the one or two year renewal component thereof, but shall be in addition to any other increases authorized pursuant
to this chapter including an adjustment based upon a major capital
improvement, or a substantial modification or increase of dwelling space
or services, or installation of new equipment or improvements or new
furniture or furnishings provided in or to the housing accommodation
pursuant to this section. The increase authorized in this paragraph may

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not be implemented more than one time in any calendar year, notwithstanding the number of vacancy leases entered into in such year.
§ 16-b. Subdivision (a-1) of section 10 of section 4 of chapter 576 of
the laws of 1974 amending the emergency housing rent control law relating to the control of and stabilization of rent in certain cases, as
amended by section 8 of part B of chapter 97 of the laws of 2011, is
amended to read as follows:
(a-1) provides that, notwithstanding any provision of this act, the
legal regulated rent for any vacancy lease entered into after the effective date of this subdivision shall be as hereinafter set forth. The
previous legal regulated rent for such housing accommodation shall be
increased by the following: (i) if the vacancy lease is for a term of
two years, twenty percent of the previous legal regulated rent; or (ii)
if the vacancy lease is for a term of one year the increase shall be
twenty percent of the previous legal regulated rent less an amount equal
to the difference between (a) the two year renewal lease guideline
promulgated by the guidelines board of the county in which the housing
accommodation is located applied to the previous legal regulated rent
and (b) the one year renewal lease guideline promulgated by the guidelines board of the county in which the housing accommodation is located
applied to the previous legal regulated rent. _________________________
However, where the amount
________________________________________________________________________
charged and paid by the prior tenant pursuant to paragraph fourteen of
________________________________________________________________________
this subdivision, was less than the legal regulated rent, such increase
________________________________________________________________________
to the legal regulated rent shall not exceed:
five percent of the
________________________________________________________________________
previous legal regulated rent if the last vacancy lease commenced less
________________________________________________________________________
than two years ago; ten percent of the previous legal regulated rent if
________________________________________________________________________
the last vacancy commenced less than three years ago; fifteen percent of
________________________________________________________________________
the previous legal regulated rent if the last vacancy lease commenced
________________________________________________________________________
less than four years ago; twenty percent of the previous legal regulated
_____________________________________________________________________
rent if the last vacancy lease commenced four or more years ago. In
addition, if the legal regulated rent was not increased with respect to
such housing accommodation by a permanent vacancy allowance within eight
years prior to a vacancy lease executed on or after the effective date
of this subdivision, the legal regulated rent may be further increased
by an amount equal to the product resulting from multiplying such previous legal regulated rent by six-tenths of one percent and further multiplying the amount of rent increase resulting therefrom by the greater of
(A) the number of years since the imposition of the last permanent
vacancy allowance, or (B) if the rent was not increased by a permanent
vacancy allowance since the housing accommodation became subject to this
act, the number of years that such housing accommodation has been
subject to this act. Provided that if the previous legal regulated rent
was less than three hundred dollars the total increase shall be as
calculated above plus one hundred dollars per month. Provided, further,
that if the previous legal regulated rent was at least three hundred
dollars and no more than five hundred dollars in no event shall the
total increase pursuant to this subdivision be less than one hundred
dollars per month. Such increase shall be in lieu of any allowance
authorized for the one or two year renewal component thereof, but shall
be in addition to any other increases authorized pursuant to this act
including an adjustment based upon a major capital improvement, or a
substantial modification or increase of dwelling space or services, or
installation of new equipment or improvements or new furniture or
furnishings provided in or to the housing accommodation pursuant to
section six of this act.
The increase authorized in this subdivision

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may not be implemented more than one time in any calendar year, notwithstanding the number of vacancy leases entered into in such year.
§ 17. The division of housing and community renewal shall, pursuant to
this act, promulgate rules and regulations to implement and enforce all
provisions of this act and any law renewed or continued by this act.
§ 18. Section 13 of part A of chapter 97 of the laws of 2011, amending
the general municipal law and the education law, relating to establishing limits upon school district and local government tax levies, is
amended to read as follows:
§ 13. This act shall take effect immediately; provided, however, that
sections two through eleven of this act shall take effect July 1, 2011
and shall first apply to school district budgets and the budget adoption
process for the 2012-13 school year; and shall continue to apply to
school district budgets and the budget adoption process for any school
year beginning in any calendar year during which this act is in effect;
provided further, that if section 26 of part A of chapter 58 of the laws
of 2011 shall not have taken effect on or before such date then section
ten of this act shall take effect on the same date and in the same
manner as such chapter of the laws of 2011, takes effect; provided
further, that section one of this act shall first apply to the levy of
taxes by local governments for the fiscal year that begins in 2012 and
shall continue to apply to the levy of taxes by local governments for
any fiscal year beginning in any calendar year during which this act is
in effect; provided, further, that this act shall remain in full force
and effect at a minimum until and including June 15, [2016] ____
2020 and
shall remain in effect thereafter only so long as the public emergency
requiring the regulation and control of residential rents and evictions
and all such laws providing for such regulation and control continue as
provided in subdivision 3 of section 1 of the local emergency rent
control act, sections 26-501, 26-502 and 26-520 of the administrative
code of the city of New York, section 17 of chapter 576 of the laws of
1974 and subdivision 2 of section 1 of chapter 274 of the laws of 1946
constituting the emergency housing rent control law, and section 10 of
chapter 555 of the laws of 1982, amending the general business law and
the administrative code of the city of New York relating to conversions
of residential property to cooperative or condominium ownership in the
city of New York as such laws are continued by chapter 93 of the laws of
2011 and as such sections are amended from time to time.
§ 19. The opening paragraph of paragraph (a) of subdivision 1 of
section 489 of the real property tax law, as amended by chapter 4 of the
laws of 2013, is amended to read as follows:
Any city to which the multiple dwelling law is applicable, acting
through its local legislative body or other governing agency, is hereby
authorized and empowered, to and including January first, two thousand
[fifteen] ________
nineteen, to adopt and amend local laws or ordinances providing that any increase in assessed valuation of real property shall be
exempt from taxation for local purposes, as provided herein, to the
extent such increase results from:
§ 20. The closing paragraph of subparagraph 6 of paragraph (a) of
subdivision 1 of section 489 of the real property tax law, as amended by
chapter 4 of the laws of 2013, is amended to read as follows:
Such conversion, alterations or improvements shall be completed within
thirty months after the date on which same shall be started except that
such thirty month limitation shall not apply to conversions of residential units which are registered with the loft board in accordance with
article seven-C of the multiple dwelling law pursuant to subparagraph

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one of this paragraph. Notwithstanding the foregoing, a sixty month
period for completion shall be available for alterations or improvements
undertaken by a housing development fund company organized pursuant to
article eleven of the private housing finance law, which are carried out
with the substantial assistance of grants, loans or subsidies from any
federal, state or local governmental agency or instrumentality or which
are carried out in a property transferred from such city if alterations
and improvements are completed within seven years after the date of
transfer. In addition, the local housing agency is hereby empowered to
grant an extension of the period of completion for any project carried
out with the substantial assistance of grants, loans or subsidies from
any federal, state or local governmental agency or instrumentality, if
such alterations or improvements are completed within sixty months from
commencement of construction. Provided, further, that such conversion,
alterations or improvements shall in any event be completed prior to
June thirtieth, two thousand [fifteen] ________
nineteen. Exemption for conversions, alterations or improvements pursuant to subparagraph one, two,
three or four of this paragraph shall continue for a period not to
exceed fourteen years and begin no sooner than the first quarterly tax
bill immediately following the completion of such conversion, alterations or improvements. Exemption for alterations or improvements pursuant to this subparagraph or subparagraph five of this paragraph shall
continue for a period not to exceed thirty-four years and shall begin no
sooner than the first quarterly tax bill immediately following the
completion of such alterations or improvements. Such exemption shall be
equal to the increase in the valuation which is subject to exemption in
full or proportionally under this subdivision for ten or thirty years,
whichever is applicable. After such period of time, the amount of such
exempted assessed valuation of such improvements shall be reduced by
twenty percent in each succeeding year until the assessed value of the
improvements are fully taxable.
Provided, however, exemption for any
conversion, alterations or improvements which are aided by a loan or
grant under article eight, eight-A, eleven, twelve, fifteen or twentytwo of the private housing finance law, section six hundred ninety-six-a
or section ninety-nine-h of the general municipal law, or section three
hundred twelve of the housing act of nineteen hundred sixty-four (42
U.S.C.A. 1452b), or the Cranston-Gonzalez national affordable housing
act (42 U.S.C.A. 12701 et. seq.), or started after July first, nineteen
hundred eighty-three by a housing development fund company organized
pursuant to article eleven of the private housing finance law which are
carried out with the substantial assistance of grants, loans or subsidies from any federal, state or local governmental agency or instrumentality or which are carried out in a property transferred from any city
and where alterations and improvements are completed within seven years
after the date of transfer may commence at the beginning of any tax
quarter subsequent to the start of such conversion, alterations or
improvements and prior to the completion of such conversion, alterations
or improvements.
§ 21. Subdivision (h) of section 27 of chapter 4 of the laws of 2013
amending the real property tax law and other laws relating to interim
multiple dwellings in a city with a population of one million or more is
amended to read as follows:
(h) sections twenty-one, twenty-two, twenty-three and twenty-four
shall expire and be deemed repealed on June 30, [2015] ____
2019.
§ 22. Section 282-a of the multiple dwelling law, as amended by chapter 159 of the laws of 2011, is amended to read as follows:

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§ 282-a. [Limitation on applications] ____________
Applications for coverage of
interim multiple dwellings and residential units. 1. All applications
for registration as an interim multiple dwelling or for coverage of
residential units under this article shall be filed with the loft board
within six months after the date the loft board shall have adopted all
rules or regulations necessary in order to implement the provisions of
chapter one hundred forty-seven of the laws of two thousand ten,
_
________________________________________________________________________
provided, however, that applications for registration as an interim
________________________________________________________________________
multiple dwelling or for coverage of residential units under this arti________________________________________________________________________
cle may also be filed for a two-year period starting from the effective
________________________________________________________________________
date of the chapter of the laws of two thousand fifteen which amended
____________
this section.
The loft board may subsequently amend such rules and
regulations but such amendments shall not recommence the time period in
which applications may be filed. [Notwithstanding any other provision
of this article, after such date no further applications for registration or coverage as an interim multiple dwelling or for coverage under
this article shall be accepted for owners or occupants of buildings that
would otherwise qualify as interim multiple dwellings or for coverage
pursuant to this article.]
2. Where any occupant has filed an application for coverage pursuant
to this article and has received a docket number from the loft board, it
shall be unlawful for an owner to cause or intend to cause such occupant
to vacate, surrender or waive any rights in relation to such occupancy,
due to repeated interruptions or discontinuances of essential services,
or an interruption or discontinuance of an essential service for an
extended duration or of such significance as to substantially impair
habitability of such unit, at any time before the loft board has made a
final determination, including appeals, to approve or deny such application. This [subdivision] _______
section shall not grant any rights of continued
occupancy other than those otherwise granted by law. Any agreement that
waives or limits the benefits of this [subdivision] _______
section shall be
deemed void as against public policy. In addition to any other remedies
provided in this article for failure to be in compliance, in article
eight of this chapter, or in the regulations promulgated by the loft
board, an occupant who has filed an application with the loft board for
coverage under this article may[, no later than thirty-six months after
the loft board shall have adopted rules and regulations as set forth in
subdivision one of this section,] commence an action or proceeding in a
court
of competent jurisdiction, which notwithstanding any other
provision of law shall include the housing part of the New York city
civil court, to enforce the provisions of this [subdivision] _______
section.
§ 22-a. Paragraph (vi) of subdivision 1 of section 284 of the multiple
dwelling law, as amended by chapter 4 of the laws of 2013, is amended to
read as follows:
(vi) Notwithstanding the provisions of paragraphs (i) through (v) of
this subdivision the owner of an interim multiple dwelling made subject
to this article by subdivision five of section two hundred eighty-one of
this article (A) shall file an alteration application [within nine
months from the effective date of the chapter of the laws of two thousand ten which amended this subparagraph] __________________________
on or before March twenty__________________________
first, two thousand eleven, or, for units that became subject to this
article pursuant to [the] chapter ____
four of the laws of two thousand thirteen [which amended this paragraph, within nine months of the promulgation of all necessary rules and regulations pursuant to section two
hundred eighty-two-a of this article] _______________________________
on or before June eleventh, two
________________________________________________________________________
thousand fourteen, or, for units in an interim multiple dwelling that

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________________________________________________________________________
were listed on an application for coverage or registration filed with
________________________________________________________________________
the loft board pursuant to this article or in a court pleading after
________________________________________________________________________
March eleventh, two thousand fourteen, within nine months of either the
________________________________________________________________________
date of the initial application for coverage or the date of the loft
________________________________________________________________________
board's issuance of an interim multiple dwelling number or the date of
____________________________________________________
the service of the pleading, whichever is earlier, and (B) shall take
all reasonable and necessary action to obtain an approved alteration
permit [within twelve months from such effective date] _________________
on or before June
__________________________________
twenty-first, two thousand eleven, or, for units that became subject to
this article pursuant to [the] chapter ____
four of the laws of two thousand
thirteen [which amended this paragraph, within twelve months of the
promulgation of all necessary rules and regulations pursuant to section
two hundred eighty-two-a of this article] ____________________________
on or before September elev________________________________________________________________________
enth, two thousand fourteen, or, for units in an interim multiple dwell________________________________________________________________________
ing that were listed on an application for coverage or registration
________________________________________________________________________
filed with the loft board pursuant to this article or in a court plead________________________________________________________________________
ing after March eleventh, two thousand fourteen, within twelve months of
________________________________________________________________________
either the date of the initial application for coverage or the date of
________________________________________________________________________
the loft board's issuance of an interim multiple dwelling number or the
_________________________________________________________
date of the service of the pleading, whichever is earlier, and (C) shall
achieve compliance with the standards of safety and fire protection set
forth in article seven-B of this chapter for the residential portions of
the building within eighteen months from obtaining such alteration
permit, and (D) shall take all reasonable and necessary action to obtain
a certificate of occupancy as a class A multiple dwelling for the residential portions of the building or structure [within thirty months from
such effective date] ________________________________________________
on or before December twenty-first, two thousand
______
twelve, or for units that became subject to this article pursuant to
[the] chapter ____
four of the laws of two thousand thirteen [which amended
this paragraph within thirty months of the promulgation of all necessary
rules and regulations pursuant to section two hundred eighty-two-a of
this article] __________________________________________________________
on or before March eleventh, two thousand sixteen, or, for
________________________________________________________________________
units in an interim multiple dwelling that were listed on an application
________________________________________________________________________
for coverage or registration filed with the loft board pursuant to this
________________________________________________________________________
article or in a court pleading after March eleventh, two thousand
________________________________________________________________________
sixteen, within thirty months of either the date of the initial applica________________________________________________________________________
tion for coverage or the date of the loft board's issuance of an interim
________________________________________________________________________
multiple dwelling number or the date of the service of the pleading,
____________________
whichever is earlier. The loft board may, upon good cause shown, and
upon proof of compliance with the standards of safety and fire
protection set forth in article seven-B of this chapter, twice extend
the time of compliance with the requirement to obtain a residential
certificate of occupancy for periods not to exceed twelve months each.
§ 23. Paragraphs 1 and 2 of subdivision c of section 26-516 of the
administrative code of the city of New York, as amended by section 1 of
chapter 480 of the laws of 2009, are amended to read as follows:
(1) to have violated an order of the division the commissioner may
impose by administrative order after hearing, a civil penalty [in the
amount of one thousand dollars for the first such offense and two] __
at
________________________________________________________________________
minimum in the amount of one thousand but not to exceed two thousand
________________________________________________________________________
dollars for the first such offense, and at a minimum in the amount of
_______________________________________
two thousand but not to exceed three thousand dollars for each subsequent offense; or (2) to have harassed a tenant to obtain vacancy of his
or her housing accommodation, the commissioner may impose by administrative order after hearing, a civil penalty for any such violation. Such
penalty shall be [in the amount of two thousand dollars for a first such

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offense and up to ten] ______________________________________________
at a minimum in the amount of two thousand but
________________________________________________________________________
not to exceed three thousand dollars for the first such offense, and at
_______________________________________________________________
minimum in the amount of ten thousand but not to exceed eleven thousand
dollars for each subsequent offense or for a violation consisting of
conduct directed at the tenants of more than one housing accommodation.
§ 24. Paragraph 2 of subdivision c of section 26-516 of the administrative code of the city of New York, as amended by section 2 of chapter
480 of the laws of 2009, is amended to read as follows:
(2) to have harassed a tenant to obtain vacancy of his or her housing
accommodation, the commissioner may impose by administrative order after
hearing, a civil penalty for any such violation. Such penalty shall be
[in the amount of two thousand dollars for a first such offense and up
to ten] ________________________________________________________________
at minimum in the amount of two thousand but not to exceed three
________________________________________________________________________
thousand dollars for the first such offense, and at a minimum in the
___________________________________________________
amount of ten thousand but not to exceed eleven thousand dollars for
each subsequent offense or for a violation consisting of conduct
directed at the tenants of more than one housing accommodation.
§ 25. Subparagraph (a) of paragraph 2 of subdivision b of section
26-413 of the administrative code of the city of New York, as amended by
section 3 of chapter 480 of the laws of 2009, is amended to read as
follows:
(a) Impose by administrative order after hearing, a civil penalty for
any violation of said section and bring an action to recover same in any
court of competent jurisdiction. Such penalty in the case of a violation
of subdivision d of such section shall be [in the amount of two thousand
dollars for the first offense and ten] _________________________________
at minimum in the amount of two
________________________________________________________________________
thousand but not to exceed three thousand dollars for the first such
________________________________________________________________________
offense, and at minimum in the amount of ten thousand but not to exceed
______
eleven thousand dollars for each subsequent offense or for a violation
consisting of conduct directed at the tenants of more than one housing
accommodation; and in the case of any other violation of such section
[in the amount of one thousand dollars for the first such offense and
two] __________________________________________________________________
at minimum in the amount of one thousand but not to exceed two
________________________________________________________________________
thousand dollars for the first such offense, and at minimum in the
______________________________________________
amount of two thousand but not to exceed three thousand dollars for each
subsequent offense. Such order by the city rent agency shall be deemed a
final determination for the purposes of judicial review as provided in
section 26-411 of this chapter. Such action shall be brought on behalf
of the city and any amount recovered shall be paid into the city treasury. Such right of action may be released, compromised or adjusted by
the city rent agency at any time subsequent to the issuance of such
administrative order.
§ 26. Subparagraph (a) of paragraph 2 of subdivision b of section
26-413 of the administrative code of the city of New York, as amended by
section 4 of chapter 480 of the laws of 2009, is amended to read as
follows:
(a) Impose by administrative order after hearing, a civil penalty for
any violation of said section and bring an action to recover same in any
court of competent jurisdiction. Such penalty in the case of a violation
of subdivision d of such section shall be [in the amount of two thousand
dollars for a first such offense and ten] ___________________________
at minimum in the amount of
________________________________________________________________________
two thousand but not to exceed three thousand dollars for the first such
________________________________________________________________________
offense, and at minimum in the amount of ten thousand but not to exceed
______
eleven thousand dollars for each subsequent offense or for a violation
consisting of conduct directed at the tenants of more than one housing
accommodation; and in the case of any other violation of such section

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[in the amount of one thousand dollars for the first such offense and
two] __________________________________________________________________
at minimum in the amount of one thousand but not to exceed two
________________________________________________________________________
thousand dollars for the first such offense, and at minimum in the
______________________________________________
amount of two thousand but not to exceed three thousand dollars for each
subsequent offense. Such order by the city rent agency shall be deemed a
final determination for the purposes of judicial review as provided in
section 26-411 of this chapter. Such action shall be brought on behalf
of the city and any amount recovered shall be paid into the city treasury. Such right of action may be released, compromised or adjusted by
the city rent agency at any time subsequent to the issuance of such
administrative order.
§ 27. Clauses (i) and (ii) of paragraph 3 of subdivision a of section
12 of section 4 of chapter 576 of the laws of 1974 constituting the
emergency tenant protection act of nineteen seventy-four, as amended by
section 5 of chapter 480 of the laws of 2009, are amended to read as
follows:
(i) to have violated an order of the division the commissioner may
impose by administrative order after hearing, a civil penalty [in the
amount of one thousand dollars for the first such offense and two] __
at
________________________________________________________________________
minimum in the amount of one thousand but not to exceed two thousand
________________________________________________________________________
dollars for the first such offense, and at minimum in the amount of two
___________________________________
thousand but not to exceed three thousand dollars for each subsequent
offense; or (ii) to have harassed a tenant to obtain vacancy of his
housing accommodation, the commissioner may impose by administrative
order after hearing, a civil penalty for any such violation. Such penalty shall be [in the amount of two thousand dollars for the first such
offense and ten] ____________________________________________________
at minimum in the amount of two thousand but not to
________________________________________________________________________
exceed three thousand dollars for the first such offense, and at minimum
______________________________________________________
in the amount of ten thousand but not to exceed eleven thousand dollars
for each subsequent offense or for a violation consisting of conduct
directed at the tenants of more than one housing accommodation.
§ 28. Clause (ii) of paragraph 3 of subdivision a of section 12 of
section 4 of chapter 576 of the laws of 1974 constituting the emergency
tenant protection act of nineteen seventy-four, as amended by section 6
of chapter 480 of the laws of 2009, is amended to read as follows:
(ii) to have harassed a tenant to obtain vacancy of his housing accommodation, the commissioner may impose by administrative order after
hearing, a civil penalty for any such violation. Such penalty shall be
[in the amount of two thousand dollars for the first such offense and
ten] ___________________________________________________________________
at minimum in the amount of two thousand but not to exceed three
________________________________________________________________________
thousand dollars for the first such offense, and at minimum in the
________________________________________________
amount of ten thousand but not to exceed eleven thousand dollars for
each subsequent offense or for a violation consisting of conduct
directed at the tenants of more than one housing accommodation.
§ 29. Paragraph 6 of subdivision c of section 26-511 of the administrative code of the city of New York, as amended by chapter 116 of the
laws of 1997, is amended to read as follows:
(6) provides criteria whereby the commissioner may act upon applications by owners for increases in excess of the level of fair rent
increase established under this law provided, however, that such criteria shall provide (a) as to hardship applications, for a finding that
the level of fair rent increase is not sufficient to enable the owner to
maintain approximately the same average annual net income (which shall
be computed without regard to debt service, financing costs or management fees) for the three year period ending on or within six months of
the date of an application pursuant to such criteria as compared with

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annual net income, which prevailed on the average over the period nineteen hundred sixty-eight through nineteen hundred seventy, or for the
first three years of operation if the building was completed since nineteen hundred sixty-eight or for the first three fiscal years after a
transfer of title to a new owner provided the new owner can establish to
the satisfaction of the commissioner that he or she acquired title to
the building as a result of a bona fide sale of the entire building and
that the new owner is unable to obtain requisite records for the fiscal
years nineteen hundred sixty-eight through nineteen hundred seventy
despite diligent efforts to obtain same from predecessors in title and
further provided that the new owner can provide financial data covering
a minimum of six years under his or her continuous and uninterrupted
operation of the building to meet the three year to three year comparative test periods herein provided; and (b) as to completed buildingwide major capital improvements, for a finding that such improvements
are deemed depreciable under the Internal Revenue Code and that the cost
is to be amortized over [a seven-year] _____________
an eight-year period ____________
for a build________________________________________________________________________
ing with thirty-five or fewer housing accommodations, or a nine-year
________________________________________________________________________
period for a building with more than thirty-five housing accommodations,
________________________________________________________________________
for any determination issued by the division of housing and community
__________________________________________________________
renewal after the effective date of the rent act of 2015, based upon
cash purchase price exclusive of interest or service charges. Notwithstanding anything to the contrary contained herein, no hardship increase
granted pursuant to this paragraph shall, when added to the annual gross
rents, as determined by the commissioner, exceed the sum of, (i) the
annual operating expenses, (ii) an allowance for management services as
determined by the commissioner, (iii) actual annual mortgage debt
service (interest and amortization) on its indebtedness to a lending
institution, an insurance company, a retirement fund or welfare fund
which is operated under the supervision of the banking or insurance laws
of the state of New York or the United States, and (iv) eight and onehalf percent of that portion of the fair market value of the property
which exceeds the unpaid principal amount of the mortgage indebtedness
referred to in subparagraph (iii) of this paragraph. Fair market value
for the purposes of this paragraph shall be six times the annual gross
rent. The collection of any increase in the stabilized rent for any
apartment pursuant to this paragraph shall not exceed six percent in any
year from the effective date of the order granting the increase over the
rent set forth in the schedule of gross rents, with collectability of
any dollar excess above said sum to be spread forward in similar increments and added to the stabilized rent as established or set in future
years;
§ 30. Paragraph 3 of subdivision d of section 6 of section 4 of chapter 576 of the laws of 1974, constituting the emergency tenant
protection act, as amended by chapter 749 of the laws of 1990, is
amended to read as follows:
(3) there has been since January first, nineteen hundred seventy-four
a major capital improvement required for the operation, preservation or
maintenance of the structure. An adjustment under this paragraph shall
be in an amount sufficient to amortize the cost of the improvements
pursuant to this paragraph over [a seven-year] _____________
an eight-year period ___
for
________________________________________________________________________
a building with thirty-five or fewer housing accommodations, or a nine________________________________________________________________________
year period for a building with more than thirty-five housing accommo________________________________________________________________________
dations, for any determination issued by the division of housing and
__________________________________________________________________
community renewal after the effective date of the rent act of 2015, or

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§ 31. Subparagraph (g) of paragraph 1 of subdivision g of section
26-405 of the administrative code of the city of New York, as amended by
chapter 749 of the laws of 1990, is amended to read as follows:
(g) There has been since July first, nineteen hundred seventy, a major
capital improvement required for the operation, preservation or maintenance of the structure. An adjustment under this subparagraph (g) ___
for
________________________________________________________________________
any order of the commissioner issued after the effective date of the
________________
rent act of 2015 shall be in an amount sufficient to amortize the cost
of the improvements pursuant to this subparagraph (g) over [a sevenyear] _____________
an eight-year period _____________________________________________
for buildings with thirty-five or fewer units
___________________________________________________________________
or a nine year period for buildings with more than thiry-five units, or
§ 32. Subparagraph 7 of the second undesignated paragraph of paragraph
(a) of subdivision 4 of section 4 of chapter 274 of the laws of 1946,
constituting the emergency housing rent control law, as amended by
section 25 of part B of chapter 97 of the laws of 2011, is amended to
read as follows:
(7) there has been since March first, nineteen hundred fifty, a major
capital improvement required for the operation, preservation or maintenance of the structure; ______________________________________________
which for any order of the commissioner issued
________________________________________________________________________
after the effective date of the rent act of 2015 the cost of such
________________________________________________________________________
improvement shall be amortized over an eight-year period for buildings
________________________________________________________________________
with thirty-five or fewer units or a nine year period for buildings with
__________________________
more than thiry-five units, or
§ 33. Subparagraph (A) of paragraph 7 of subdivision (ee) of section
1115 of the tax law, as amended by section 1 of subpart A of part GG of
chapter 59 of the laws of 2014, is amended to read as follows:
(A) "Tenant" means a person who, as lessee, enters into a space lease
with a landlord for a term of ten years or more commencing on or after
September first, two thousand five, but not later than, in the case of a
space lease with respect to leased premises located in eligible areas as
defined in clause (i) of subparagraph (D) of this paragraph, September
first, two thousand [fifteen] _________
seventeen and, in the case of a space
lease with respect to leased premises located in eligible areas as
defined in clause (ii) of subparagraph (D) of this paragraph not later
than September first, two thousand [seventeen] ________
nineteen, of premises for
use as commercial office space in buildings located or to be located in
the eligible areas. A person who currently occupies premises for use as
commercial office space under an existing lease in a building in the
eligible areas shall not be eligible for exemption under this subdivision unless such existing lease, in the case of a space lease with
respect to leased premises located in eligible areas as defined in
clause (i) of subparagraph (D) of this paragraph expires according to
its terms before September first, two thousand [fifteen] _________
seventeen or
such existing lease, in the case of a space lease with respect to leased
premises located in eligible areas as defined in clause (ii) of subparagraph (D) of this paragraph and such person enters into a space lease,
for a term of ten years or more commencing on or after September first,
two thousand five, of premises for use as commercial office space in a
building located or to be located in the eligible areas, provided that
such space lease with respect to leased premises located in eligible
areas as defined in clause (i) of subparagraph (D) of this paragraph
commences no later than September first, two thousand [fifteen] ______
seven____
teen, and provided that such space lease with respect to leased premises
located in eligible areas as defined in clause (ii) of subparagraph (D)
of this paragraph commences no later than September first, two thousand
[seventeen] ________
nineteen and provided, further, that such space lease shall

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expire no earlier than ten years after the expiration of the original
lease.
§ 34. Section 2 of part C of chapter 2 of the laws of 2005 amending
the tax law relating to exemptions from sales and use taxes, as amended
by section 2 of subpart A of part GG of chapter 59 of the laws of 2014,
is amended to read as follows:
§ 2. This act shall take effect September 1, 2005 and shall expire and
be deemed repealed on December 1, [2018] ____
2020, and shall apply to sales
made, uses occurring and services rendered on or after such effective
date, in accordance with the applicable transitional provisions of
sections 1106 and 1217 of the tax law; except that clause (i) of subparagraph (D) of paragraph seven of subdivision (ee) of section 1115 of the
tax law, as added by section one of this act, shall expire and be deemed
repealed December 1, [2016] ____
2018.
§ 35. Subdivision (b) of section 25-z of the general city law, as
amended by section 1 of subpart D of part GG of chapter 59 of the laws
of 2014, is amended to read as follows:
(b) No eligible business shall be authorized to receive a credit under
any local law enacted pursuant to this article until the premises with
respect to which it is claiming the credit meet the requirements in the
definition of eligible premises and until it has obtained a certification of eligibility from the mayor of such city or an agency designated by such mayor, and an annual certification from such mayor or an
agency designated by such mayor as to the number of eligible aggregate
employment shares maintained by such eligible business that may qualify
for obtaining a tax credit for the eligible business' taxable year. Any
written documentation submitted to such mayor or such agency or agencies
in order to obtain any such certification shall be deemed a written
instrument for purposes of section 175.00 of the penal law. Such local
law may provide for application fees to be determined by such mayor or
such agency or agencies. No such certification of eligibility shall be
issued under any local law enacted pursuant to this article to an eligible business on or after July first, two thousand [fifteen] _________
seventeen
unless:
(1) prior to such date such business has purchased, leased or entered
into a contract to purchase or lease particular premises or a parcel on
which will be constructed such premises or already owned such premises
or parcel;
(2) prior to such date improvements have been commenced on such premises or parcel, which improvements will meet the requirements of subdivision (e) of section twenty-five-y of this article relating to expenditures for improvements;
(3) prior to such date such business submits a preliminary application
for a certification of eligibility to such mayor or such agency or agencies with respect to a proposed relocation to such particular premises;
and
(4) such business relocates to such particular premises not later than
thirty-six months or, in a case in which the expenditures made for the
improvements specified in paragraph two of this subdivision are in
excess of fifty million dollars within seventy-two months from the date
of submission of such preliminary application.
§ 36. Subdivision (b) of section 25-ee of the general city law, as
amended by section 2 of subpart D of part GG of chapter 59 of the laws
of 2014, is amended to read as follows:
(b) No eligible business or special eligible business shall be authorized to receive a credit against tax under any local law enacted pursu-

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ant to this article until the premises with respect to which it is
claiming the credit meet the requirements in the definition of eligible
premises and until it has obtained a certification of eligibility from
the mayor of such city or any agency designated by such mayor, and an
annual certification from such mayor or an agency designated by such
mayor as to the number of eligible aggregate employment shares maintained by such eligible business or such special eligible business that
may qualify for obtaining a tax credit for the eligible business' taxable year. No special eligible business shall be authorized to receive a
credit against tax under the provisions of this article unless the
number of relocated employee base shares calculated pursuant to subdivision (o) of section twenty-five-dd of this article is equal to or greater than the lesser of twenty-five percent of the number of New York city
base shares calculated pursuant to subdivision (p) of such section and
two hundred fifty employment shares. Any written documentation submitted
to such mayor or such agency or agencies in order to obtain any such
certification shall be deemed a written instrument for purposes of
section 175.00 of the penal law. Such local law may provide for application fees to be determined by such mayor or such agency or agencies. No
certification of eligibility shall be issued under any local law enacted
pursuant to this article to an eligible business on or after July first,
two thousand [fifteen] _________
seventeen unless:
(1) prior to such date such business has purchased, leased or entered
into a contract to purchase or lease premises in the eligible Lower
Manhattan area or a parcel on which will be constructed such premises;
(2) prior to such date improvements have been commenced on such premises or parcel, which improvements will meet the requirements of subdivision (e) of section twenty-five-dd of this article relating to expenditures for improvements;
(3) prior to such date such business submits a preliminary application
for a certification of eligibility to such mayor or such agency or agencies with respect to a proposed relocation to such premises; and
(4) such business relocates to such premises as provided in subdivision (j) of section twenty-five-dd of this article not later than thirty-six months or, in a case in which the expenditures made for the
improvements specified in paragraph two of this subdivision are in
excess of fifty million dollars within seventy-two months from the date
of submission of such preliminary application.
§ 37. Subdivision (b) of section 22-622 of the administrative code of
the city of New York, as amended by section 3 of subpart D of part GG of
chapter 59 of the laws of 2014, is amended to read as follows:
(b) No eligible business shall be authorized to receive a credit
against tax or a reduction in base rent subject to tax under the
provisions of this chapter, and of title eleven of the code as described
in subdivision (a) of this section, until the premises with respect to
which it is claiming the credit meet the requirements in the definition
of eligible premises and until it has obtained a certification of eligibility from the mayor or an agency designated by the mayor, and an annual certification from the mayor or an agency designated by the mayor as
to the number of eligible aggregate employment shares maintained by such
eligible business that may qualify for obtaining a tax credit for the
eligible business' taxable year. Any written documentation submitted to
the mayor or such agency or agencies in order to obtain any such certification shall be deemed a written instrument for purposes of section
175.00 of the penal law. Application fees for such certifications shall
be determined by the mayor or such agency or agencies. No certification

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of eligibility shall be issued to an eligible business on or after July
first, two thousand [fifteen] _________
seventeen unless:
(1) prior to such date such business has purchased, leased or entered
into a contract to purchase or lease particular premises or a parcel on
which will be constructed such premises or already owned such premises
or parcel;
(2) prior to such date improvements have been commenced on such premises or parcel which improvements will meet the requirements of subdivision (e) of section 22-621 of this chapter relating to expenditures for
improvements;
(3) prior to such date such business submits a preliminary application
for a certification of eligibility to such mayor or such agency or agencies with respect to a proposed relocation to such particular premises;
and
(4) such business relocates to such particular premises not later than
thirty-six months or, in a case in which the expenditures made for
improvements specified in paragraph two of this subdivision are in
excess of fifty million dollars within seventy-two months from the date
of submission of such preliminary application.
§ 38. Subdivision (b) of section 22-624 of the administrative code of
the city of New York, as amended by section 4 of subpart D of part GG of
chapter 59 of the laws of 2014, is amended to read as follows:
(b) No eligible business or special eligible business shall be authorized to receive a credit against tax under the provisions of this chapter, and of title eleven of the code as described in subdivision (a) of
this section, until the premises with respect to which it is claiming
the credit meet the requirements in the definition of eligible premises
and until it has obtained a certification of eligibility from the mayor
or an agency designated by the mayor, and an annual certification from
the mayor or an agency designated by the mayor as to the number of
eligible aggregate employment shares maintained by such eligible business or special eligible business that may qualify for obtaining a tax
credit for the eligible business' taxable year. No special eligible
business shall be authorized to receive a credit against tax under the
provisions of this chapter and of title eleven of the code unless the
number of relocated employee base shares calculated pursuant to subdivision (o) of section 22-623 of this chapter is equal to or greater than
the lesser of twenty-five percent of the number of New York city base
shares calculated pursuant to subdivision (p) of such section 22-623,
and two hundred fifty employment shares. Any written documentation
submitted to the mayor or such agency or agencies in order to obtain any
such certification shall be deemed a written instrument for purposes of
section 175.00 of the penal law. Application fees for such certifications shall be determined by the mayor or such agency or agencies. No
certification of eligibility shall be issued to an eligible business on
or after July first, two thousand [fifteen] _________
seventeen unless:
(1) prior to such date such business has purchased, leased or entered
into a contract to purchase or lease premises in the eligible Lower
Manhattan area or a parcel on which will be constructed such premises;
(2) prior to such date improvements have been commenced on such premises or parcel, which improvements will meet the requirements of subdivision (e) of section 22-623 of this chapter relating to expenditures
for improvements;
(3) prior to such date such business submits a preliminary application
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(4) such business relocates to such premises not later than thirty-six
months or, in a case in which the expenditures made for the improvements
specified in paragraph two of this subdivision are in excess of fifty
million dollars within seventy-two months from the date of submission of
such preliminary application.
§ 39. Paragraph 1 of subdivision (b) of section 25-s of the general
city law, as amended by section 1 of subpart E of part GG of chapter 59
of the laws of 2014, is amended to read as follows:
(1) non-residential premises that are wholly contained in property
that is eligible to obtain benefits under title two-D or two-F of article four of the real property tax law, or would be eligible to receive
benefits under such article except that such property is exempt from
real property taxation and the requirements of paragraph (b) of subdivision seven of section four hundred eighty-nine-dddd of such title two-D,
or the requirements of subparagraph (ii) of paragraph (b) of subdivision
five of section four hundred eighty-nine-cccccc of such title two-F,
whichever is applicable, have not been satisfied, provided that application for such benefits was made after May third, nineteen hundred eighty-five and prior to July first, two thousand [fifteen] _________
seventeen, that
construction or renovation of such premises was described in such application, that such premises have been substantially improved by such
construction or renovation so described, that the minimum required
expenditure as defined in such title two-D or two-F, whichever is applicable, has been made, and that such real property is located in an
eligible area; or
§ 40. Paragraph 3 of subdivision (b) of section 25-s of the general
city law, as amended by section 2 of subpart E of part GG of chapter 59
of the laws of 2014, is amended to read as follows:
(3) non-residential premises that are wholly contained in real property that has obtained approval after October thirty-first, two thousand
and prior to July first, two thousand [fifteen] _________
seventeen for financing
by an industrial development agency established pursuant to article
eighteen-A of the general municipal law, provided that such financing
has been used in whole or in part to substantially improve such premises
(by construction or renovation), and that expenditures have been made
for improvements to such real property in excess of ten per centum of
the value at which such real property was assessed for tax purposes for
the tax year in which such improvements commenced, that such expenditures have been made within thirty-six months after the earlier of (i)
the issuance by such agency of bonds for such financing, or (ii) the
conveyance of title to such property to such agency, and that such real
property is located in an eligible area; or
§ 41. Paragraph 5 of subdivision (b) of section 25-s of the general
city law, as amended by section 3 of subpart E of part GG of chapter 59
of the laws of 2014, is amended to read as follows:
(5) non-residential premises that are wholly contained in real property owned by such city or the New York state urban development corporation, or a subsidiary thereof, a lease for which was approved in
accordance with the applicable provisions of the charter of such city or
by the board of directors of such corporation, and such approval was
obtained after October thirty-first, two thousand and prior to July
first, two thousand [fifteen] _________
seventeen, provided, however, that such
premises were constructed or renovated subsequent to such approval, that
expenditures have been made subsequent to such approval for improvements
to such real property (by construction or renovation) in excess of ten
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purposes for the tax year in which such improvements commenced, that
such expenditures have been made within thirty-six months after the
effective date of such lease, and that such real property is located in
an eligible area; or
§ 42. Paragraph 2 of subdivision (c) of section 25-t of the general
city law, as amended by section 4 of subpart E of part GG of chapter 59
of the laws of 2014, is amended to read as follows:
(2) No eligible energy user, qualified eligible energy user, on-site
cogenerator, or clean on-site cogenerator shall receive a rebate pursuant to this article until it has obtained a certification from the
appropriate city agency in accordance with a local law enacted pursuant
to this section. No such certification for a qualified eligible energy
user shall be issued on or after November first, two thousand. No such
certification of any other eligible energy user, on-site cogenerator, or
clean on-site cogenerator shall be issued on or after July first, two
thousand [fifteen] _________
seventeen.
§ 43. Paragraph 1 of subdivision (a) of section 25-aa of the general
city law, as amended by section 5 of subpart E of part GG of chapter 59
of the laws of 2014, is amended to read as follows:
(1) is eligible to obtain benefits under title two-D or two-F of article four of the real property tax law, or would be eligible to receive
benefits under such title except that such property is exempt from real
property taxation and the requirements of paragraph (b) of subdivision
seven of section four hundred eighty-nine-dddd of such title two-D, or
the requirements of subparagraph (ii) of paragraph (b) of subdivision
five of section four hundred eighty-nine-cccccc of such title two-F,
whichever is applicable, of the real property tax law have not been
satisfied, provided that application for such benefits was made after
the thirtieth day of June, nineteen hundred ninety-five and before the
first day of July, two thousand [fifteen] _________
seventeen, that construction
or renovation of such building or structure was described in such application, that such building or structure has been substantially improved
by such construction or renovation, and (i) that the minimum required
expenditure as defined in such title has been made, or (ii) where there
is
no applicable minimum required expenditure, the building was
constructed within such period or periods of time established by title
two-D or two-F, whichever is applicable, of article four of the real
property tax law for construction of a new building or structure; or
§ 44. Paragraphs 2 and 3 of subdivision (a) of section 25-aa of the
general city law, as amended by section 6 of subpart E of part GG of
chapter 59 of the laws of 2014, are amended to read as follows:
(2) has obtained approval after the thirtieth day of June, nineteen
hundred ninety-five and before the first day of July, two thousand
[fifteen] _________
seventeen, for financing by an industrial development agency
established pursuant to article eighteen-A of the general municipal law,
provided that such financing has been used in whole or in part to
substantially improve such building or structure by construction or
renovation, that expenditures have been made for improvements to such
real property in excess of twenty per centum of the value at which such
real property was assessed for tax purposes for the tax year in which
such improvements commenced, and that such expenditures have been made
within thirty-six months after the earlier of (i) the issuance by such
agency of bonds for such financing, or (ii) the conveyance of title to
such building or structure to such agency; or
(3) is owned by the city of New York or the New York state urban
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for which was approved in accordance with the applicable provisions of
the charter of such city or by the board of directors of such corporation, as the case may be, and such approval was obtained after the
thirtieth day of June, nineteen hundred ninety-five and before the first
day of July, two thousand [fifteen] _________
seventeen, provided that expenditures have been made for improvements to such real property in excess of
twenty per centum of the value at which such real property was assessed
for tax purposes for the tax year in which such improvements commenced,
and that such expenditures have been made within thirty-six months after
the effective date of such lease; or
§ 45. Subdivision (f) of section 25-bb of the general city law, as
amended by section 7 of subpart E of part GG of chapter 59 of the laws
of 2014, is amended to read as follows:
(f) Application and certification. An owner or lessee of a building or
structure located in an eligible revitalization area, or an agent of
such owner or lessee, may apply to such department of small business
services for certification that such building or structure is an eligible building or targeted eligible building meeting the criteria of
subdivision (a) or (q) of section twenty-five-aa of this article.
Application for such certification must be filed after the thirtieth day
of June, nineteen hundred ninety-five and before a building permit is
issued for the construction or renovation required by such subdivisions
and before the first day of July, two thousand [fifteen] _________
seventeen,
provided that no certification for a targeted eligible building shall be
issued after October thirty-first, two thousand. Such application shall
identify expenditures to be made that will affect eligibility under such
subdivision (a) or (q). Upon completion of such expenditures, an applicant shall supplement such application to provide information (i) establishing that the criteria of such subdivision (a) or (q) have been met;
(ii) establishing a basis for determining the amount of special rebates,
including a basis for an allocation of the special rebate among eligible
revitalization area energy users purchasing or otherwise receiving energy services from an eligible redistributor of energy or a qualified
eligible redistributor of energy; and (iii) supporting an allocation of
charges for energy services between eligible charges and other charges.
Such department shall certify a building or structure as an eligible
building or targeted eligible building after receipt and review of such
information and upon a determination that such information establishes
that the building or structure qualifies as an eligible building or
targeted eligible building. Such department shall mail such certification or notice thereof to the applicant upon issuance. Such certification shall remain in effect provided the eligible redistributor of
energy or qualified eligible redistributor of energy reports any changes
that materially affect the amount of the special rebates to which it is
entitled or the amount of reduction required by subdivision (c) of this
section in an energy services bill of an eligible revitalization area
energy user and otherwise complies with the requirements of this article. Such department shall notify the private utility or public utility
service required to make a special rebate to such redistributor of the
amount of such special rebate established at the time of certification
and any changes in such amount and any suspension or termination by such
department of certification under this subdivision. Such department may
require some or all of the information required as part of an application or other report be provided by a licensed engineer.
§ 46. Paragraph 1 of subdivision (i) of section 22-601 of the administrative code of the city of New York, as amended by section 8 of subpart

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E of part GG of chapter 59 of the laws of 2014, is amended to read as
follows:
(1) Non-residential premises that are wholly contained in property
that is eligible to obtain benefits under part four or part five of
subchapter two of chapter two of title eleven of this code, or would be
eligible to receive benefits under such chapter except that such property is exempt from real property taxation and the requirements of paragraph two of subdivision g of section 11-259 of this code, or the
requirements of subparagraph (b) of paragraph two of subdivision e of
section 11-270 of this code, whichever is applicable, have not been
satisfied, provided that application for such benefits was made after
May third, nineteen hundred eighty-five and prior to July first, two
thousand [fifteen] _________
seventeen, that construction or renovation of such
premises was described in such application, that such premises have been
substantially improved by such construction or renovation so described,
that the minimum required expenditure as defined in such part four or
part five, whichever is applicable, has been made, and that such real
property is located in an eligible area; or
§ 47. Paragraph 3 of subdivision (i) of section 22-601 of the administrative code of the city of New York, as amended by section 9 of subpart
E of part GG of chapter 59 of the laws of 2014, is amended to read as
follows:
(3) non-residential premises that are wholly contained in real property that has obtained approval after October thirty-first, two thousand
and prior to July first, two thousand [fifteen] _________
seventeen for financing
by an industrial development agency established pursuant to article
eighteen-A of the general municipal law, provided that such financing
has been used in whole or in part to substantially improve such premises
(by construction or renovation), and that expenditures have been made
for improvements to such real property in excess of ten per centum of
the value at which such real property was assessed for tax purposes for
the tax year in which such improvements commenced, that such expenditures have been made within thirty-six months after the earlier of (i)
the issuance by such agency of bonds for such financing, or (ii) the
conveyance of title to such property to such agency, and that such real
property is located in an eligible area; or
§ 48. Paragraph 5 of subdivision (i) of section 22-601 of the administrative code of the city of New York, as amended by section 10 of
subpart E of part GG of chapter 59 of the laws of 2014, is amended to
read as follows:
(5) non-residential premises that are wholly contained in real property owned by such city or the New York state urban development corporation, or a subsidiary thereof, a lease for which was approved in
accordance with the applicable provisions of the charter of such city or
by the board of directors of such corporation, and such approval was
obtained after October thirty-first, two thousand and prior to July
first, two thousand [fifteen] _________
seventeen, provided, however, that such
premises were constructed or renovated subsequent to such approval, that
expenditures have been made subsequent to such approval for improvements
to such real property (by construction or renovation) in excess of ten
per centum of the value at which such real property was assessed for tax
purposes for the tax year in which such improvements commenced, that
such expenditures have been made within thirty-six months after the
effective date of such lease, and that such real property is located in
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§ 49. Paragraph 1 of subdivision (c) of section 22-602 of the administrative code of the city of New
York, as amended by section 11 of
subpart E of part GG of chapter 59 of the laws of 2014, is amended to
read as follows:
(1) No eligible energy user, qualified eligible energy user, on-site
cogenerator, clean on-site cogenerator or special eligible energy user
shall receive a rebate pursuant to this chapter until it has obtained a
certification as an eligible energy user, qualified eligible energy
user, on-site cogenerator, clean on-site cogenerator or special eligible
energy user, respectively, from the commissioner of small business
services. No such certification for a qualified eligible energy user
shall be issued on or after July first, two thousand three. No such
certification of any other eligible energy user, on-site cogenerator or
clean on-site cogenerator shall be issued on or after July first, two
thousand [fifteen] _________
seventeen.
The commissioner of small business
services, after notice and hearing, may revoke a certification issued
pursuant to this subdivision where it is found that eligibility criteria
have not been met or that compliance with conditions for continued
eligibility has not been maintained. The corporation counsel may maintain a civil action to recover an amount equal to any benefits improperly obtained.
§ 50. Subparagraph (b-2) of paragraph 2 of subdivision i of section
11-704 of the administrative code of the city of New York, as amended by
section 1 of subpart F of part GG of chapter 59 of the laws of 2014, is
amended to read as follows:
(b-2) The amount of the special reduction allowed by this subdivision
with respect to a lease other than a sublease commencing between July
first, two thousand five and June thirtieth, two thousand [fifteen]
_________
seventeen with an initial or renewal lease term of at least five years
shall be determined as follows:
(i) For the base year the amount of such special reduction shall be
equal to the base rent for the base year.
(ii) For the first, second, third and fourth twelve-month periods
following the base year the amount of such special reduction shall be
equal to the lesser of (A) the base rent for each such twelve-month
period or (B) the base rent for the base year.
§ 51. Subdivision 9 of section 499-aa of the real property tax law, as
amended by section 1 of subpart G of part GG of chapter 59 of the laws
of 2014, is amended to read as follows:
9. "Eligibility period." The period commencing April first, nineteen
hundred ninety-five and terminating March thirty-first, two thousand
one, provided, however, that with respect to eligible premises defined
in subparagraph (i) of paragraph (b) of subdivision ten of this section,
the period commencing July first, two thousand and terminating June
thirtieth, two thousand [sixteen] ________
eighteen, and provided, further,
however, that with respect to eligible premises defined in subparagraph
(ii) of paragraph (b) or paragraph (c) of subdivision ten of this
section, the period commencing July first, two thousand five and terminating June thirtieth, two thousand [sixteen] ________
eighteen.
§ 52. Subparagraph (iii) of paragraph (a) of subdivision 3 of section
499-cc of the real property tax law, as amended by section 2 of subpart
G of part GG of chapter 59 of the laws of 2014, is amended to read as
follows:
(iii) With respect to the eligible premises defined in subparagraph
(ii) of paragraph (b) or paragraph (c) of subdivision ten of section
four hundred ninety-nine-aa of this title and for purposes of determin-

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ing whether the amount of expenditures required by subdivision one of
this section have been satisfied, expenditures on improvements to the
common areas of an eligible building shall be included only if work on
such improvements commenced and the expenditures are made on or after
July first, two thousand five and on or before December thirty-first,
two thousand [sixteen] ________
eighteen; provided, however, that expenditures on
improvements to the common areas of an eligible building made prior to
three years before the lease commencement date shall not be included.
§ 53. Subdivisions 5 and 9 of section 499-a of the real property tax
law, as amended by section 1 of subpart B of part GG of chapter 59 of
the laws of 2014, are amended to read as follows:
5. "Benefit period." The period commencing with the first day of the
month immediately following the rent commencement date and terminating
no later than sixty months thereafter, provided, however, that with
respect to a lease commencing on or after April first, nineteen hundred
ninety-seven with an initial lease term of less than five years, but not
less than three years, the period commencing with the first day of the
month immediately following the rent commencement date and terminating
no later than thirty-six months thereafter. Notwithstanding the foregoing sentence, a benefit period shall expire no later than March thirtyfirst, two thousand [twenty-two] ___________
twenty-four.
9. "Eligibility period." The period commencing April first, nineteen
hundred ninety-five and terminating March thirty-first, two thousand
[sixteen] ________
eighteen.
§ 54. Paragraph (a) of subdivision 3 of section 499-c of the real
property tax law, as amended by section 2 of subpart B of part GG of
chapter 59 of the laws of 2014, is amended to read as follows:
(a) For purposes of determining whether the amount of expenditures
required by subdivision one of this section have been satisfied, expenditures on improvements to the common areas of an eligible building shall
be included only if work on such improvements commenced and the expenditures are made on or after April first, nineteen hundred ninety-five and
on or before September thirtieth, two thousand [sixteen] ________
eighteen;
provided, however, that expenditures on improvements to the common areas
of an eligible building made prior to three years before the lease
commencement date shall not be included.
§ 55. Subdivision 8 of section 499-d of the real property tax law, as
amended by section 3 of subpart B of part GG of chapter 59 of the laws
of 2014, is amended to read as follows:
8. Leases commencing on or after April first, nineteen hundred ninety-seven shall be subject to the provisions of this title as amended by
chapter six hundred twenty-nine of the laws of nineteen hundred ninetyseven, chapter one hundred eighteen of the laws of two thousand one,
chapter four hundred forty of the laws of two thousand three, chapter
sixty of the laws of two thousand seven, chapter twenty-two of the laws
of two thousand ten,
__________________________________________________
chapter fifty-nine of the laws of two thousand
________
fourteen and the chapter of the laws of two thousand [fourteen] _______
fifteen
that added this phrase. Notwithstanding any other provision of law to
the contrary, with respect to leases commencing on or after April first,
nineteen hundred ninety-seven, an application for a certificate of
abatement shall be considered timely filed if filed within one hundred
eighty days following the lease commencement date or within sixty days
following the date chapter six hundred twenty-nine of the laws of nineteen hundred ninety-seven became a law, whichever is later.
§ 56. Subparagraph (a) of paragraph 2 of subdivision i of section
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section 4 of subpart B of part GG of chapter 59 of the laws of 2014, is
amended to read as follows:
(a) An eligible tenant of eligible taxable premises shall be allowed a
special reduction in determining the taxable base rent for such eligible
taxable premises. Such special reduction shall be allowed with respect
to the rent for such eligible taxable premises for a period not exceeding sixty months or, with respect to a lease commencing on or after
April first, nineteen hundred ninety-seven with an initial lease term of
less than five years, but not less than three years, for a period not
exceeding thirty-six months, commencing on the rent commencement date
applicable to such eligible taxable premises, provided, however, that in
no event shall any special reduction be allowed for any period beginning
after March thirty-first, two thousand [twenty-two] ___________
twenty-four.
For
purposes of applying such special reduction, the base rent for the base
year shall, where necessary to determine the amount of the special
reduction allowable with respect to any number of months falling within
a tax period, be prorated by dividing the base rent for the base year by
twelve and multiplying the result by such number of months.
§ 57. Paragraph (a) of subdivision 1 of section 489-dddddd of the real
property tax law, as amended by section 1 of subpart C of part GG of
chapter 59 of the laws of 2014, is amended to read as follows:
(a) Application for benefits pursuant to this title may be made immediately following the effective date of a local law enacted pursuant to
this title and continuing until March first, two thousand [seventeen]
________
nineteen.
§ 58. Subdivision 3 of section 489-dddddd of the real property tax
law, as amended by section 2 of subpart C of part GG of chapter 59 of
the laws of 2014, is amended to read as follows:
3. (a) No benefits pursuant to this title shall be granted for
construction work performed pursuant to a building permit issued after
April first, two thousand [seventeen] ________
nineteen.
(b) If no building permit was required, then no benefits pursuant to
this title shall be granted for construction work that is commenced
after April first, two thousand [seventeen] ________
nineteen.
§ 59. Paragraph 1 of subdivision a of section 11-271 of the administrative code of the city of New York, as amended by section 3 of subpart
C of part GG of chapter 59 of the laws of 2014, is amended to read as
follows:
(1) Application for benefits pursuant to this part may be made immediately following the effective date of the local law that added this
section and continuing until March first, two thousand [seventeen] _____
nine____
teen.
§ 60. Subdivision c of section 11-271 of the administrative code of
the city of New York, as amended by section 4 of subpart C of part GG of
chapter 59 of the laws of 2014, is amended to read as follows:
c. (1) No benefits pursuant to this part shall be granted for
construction work performed pursuant to a building permit issued after
April first, two thousand [seventeen] ________
nineteen.
(2) If no building permit was required, then no benefits pursuant to
this part shall be granted for construction work that is commenced after
April first, two thousand [seventeen] ________
nineteen.
§ 60-a. Subparagraph (A) of paragraph 2 of subdivision (f) of section
11-1706 of the administrative code of the city of New York, as added by
chapter 4 of the laws of 2013, is amended to read as follows:

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(A) Subject to the limitations set forth in subparagraphs (B) and (C)
of this paragraph, the credit allowed to a taxpayer for a taxable year
under this subdivision shall be determined as follows:
(i) For taxable years beginning on or after January first, two thousand fourteen and before July first, two thousand [fifteen] ________
nineteen:
(I) If the city taxable income is thirty-five thousand dollars or
less, the amount of the credit shall be one hundred percent of the
amount determined in paragraph three of this subdivision.
(II) If the city taxable income is greater than thirty-five thousand
dollars but less than one hundred thousand dollars, the amount of the
credit shall be a percentage of the amount determined in paragraph three
of this subdivision, such percentage to be determined by subtracting
from one hundred percent, a percentage determined by subtracting thirty-five thousand dollars from city taxable income, dividing the result
by sixty-five thousand dollars and multiplying by one hundred percent.
(III) If the city taxable income is one hundred thousand dollars or
greater, no credit shall be allowed.
(IV) Provided further that for any taxable year of a taxpayer for
which this credit is effective that encompasses days occurring after
June thirtieth, two thousand [fifteen] ________
nineteen, the amount of the credit determined in item (I) or (II) of this clause shall be multiplied by
a fraction, the numerator of which is the number of days in the taxpayer's taxable year occurring on or before June thirtieth, two thousand
[fifteen] ________
nineteen, and the denominator of which is the number of days
in the taxpayer's taxable year.
§ 61. Paragraphs (a) and (b) of subdivision 2 of section 467-a of the
real property tax law, as amended by chapter 4 of the laws of 2013, are
amended to read as follows:
(a) In a city having a population of one million or more, dwelling
units owned by unit owners who, as of the applicable taxable status
date, own no more than three dwelling units in any one property held in
the condominium form of ownership, shall be eligible to receive a
partial abatement of real property taxes, as set forth in paragraphs
(c), (d), (d-1), (d-2), (d-3), (d-4), (d-5) and (d-6) of this subdivision; provided, however, that a property held in the condominium form of
ownership that is receiving complete or partial real property tax
exemption or tax abatement pursuant to any other provision of this chapter or any other state or local law, except as provided in paragraph (f)
of this subdivision, shall not be eligible to receive a partial abatement pursuant to this section; and provided, further, that sponsors
shall not be eligible to receive a partial abatement pursuant to this
section; and provided, further, that in the fiscal [year] _____
years commencing in calendar years two thousand twelve, two thousand thirteen, [or]
two thousand fourteen,
_________________________________________________
two thousand fifteen, two thousand sixteen, two
___________________________________________
thousand seventeen or two thousand eighteen no more than a maximum of
three dwelling units owned by any unit owner in a single building, one
of which must be the primary residence of such unit owner, shall be
eligible to receive a partial abatement pursuant to paragraphs (d-1),
(d-2), (d-3) and (d-4) of this [section] ___________
subdivision.
(b) In a city having a population of one million or more, dwelling
units owned by tenant-stockholders who, as of the applicable taxable
status date, own no more than three dwelling units in any one property
held in the cooperative form of ownership, shall be eligible to receive
a partial abatement of real property taxes, as set forth in paragraphs
(c), (d), (d-1), (d-2), (d-3), (d-4), (d-5) and (d-6) of this subdivision; provided, however, that a property held in the cooperative form of

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ownership that is receiving complete or partial real property tax
exemption or tax abatement pursuant to any other provision of this chapter or any other state or local law, except as provided in paragraph (f)
of this subdivision, shall not be eligible to receive a partial abatement pursuant to this section; and provided, further, that sponsors
shall not be eligible to receive a partial abatement pursuant to this
section; and provided, further, that in the fiscal [year] _____
years commencing in calendar years two thousand twelve, two thousand thirteen [or],
_
two thousand fourteen,
_________________________________________________
two thousand fifteen, two thousand sixteen, two
___________________________________________
thousand seventeen or two thousand eighteen no more than a maximum of
three dwelling units owned by any tenant-stockholder in a single building, one of which must be the primary residence of such tenant-stockholder, shall be eligible to receive a partial abatement pursuant to
paragraphs (d-1), (d-2), (d-3) and (d-4) of this [section] ___________
subdivision.
For purposes of this section, a tenant-stockholder of a cooperative
apartment corporation shall be deemed to own the dwelling unit which is
represented by his or her shares of stock in such corporation. Any
abatement so granted shall be credited by the appropriate taxing authority against the tax due on the property as a whole. The reduction in
real property taxes received thereby shall be credited by the cooperative apartment corporation against the amount of such taxes attributable to eligible dwelling units at the time of receipt.
§ 62. Paragraphs (d-1), (d-2), (d-3) and (d-4) of subdivision 2 of
section 467-a of the real property tax law, as added by chapter 4 of the
laws of 2013, are amended to read as follows:
(d-1) In the fiscal years commencing in calendar [year] _____
years two
thousand twelve, two thousand thirteen and two thousand fourteen, eligible dwelling units in property whose average unit assessed value is less
than or equal to fifty thousand dollars shall receive a partial abatement of the real property taxes attributable to or due on such dwelling
units of twenty-five percent, twenty-six and one-half percent and twenty-eight and one-tenth percent respectively.
______________________
In the fiscal years
________________________________________________________________________
commencing in calendar years two thousand fifteen, two thousand sixteen,
________________________________________________________________________
two thousand seventeen and two thousand eighteen eligible dwelling units
________________________________________________________________________
in property whose average unit assessed value is less than or equal to
________________________________________________________________________
fifty thousand dollars shall receive a partial abatement of the real
________________________________________________________________________
property taxes attributable to or due on such dwelling units of twenty____________________________
eight and one-tenth percent.
(d-2) In the fiscal years commencing in calendar [year] _____
years two
thousand twelve, two thousand thirteen and two thousand fourteen, eligible dwelling units in property whose average unit assessed value is more
than fifty thousand dollars, but less than or equal to fifty-five thousand dollars, shall receive a partial abatement of the real property
taxes attributable to or due on such dwelling units of twenty-two and
one-half percent, twenty-three and eight-tenths percent and twenty-five
and two-tenths percent respectively. _________________________________
In the fiscal years commencing in
________________________________________________________________________
calendar years two thousand fifteen, two thousand sixteen, two thousand
________________________________________________________________________
seventeen and two thousand eighteen eligible dwelling units in property
________________________________________________________________________
whose average unit assessed value is more than fifty thousand dollars,
________________________________________________________________________
but less than or equal to fifty-five thousand dollars, shall receive a
________________________________________________________________________
partial abatement of the real property taxes attributable to or due on
__________________________________________________________
such dwelling units of twenty-five and two-tenths percent.
(d-3) In the fiscal years commencing in calendar [year] _____
years two
thousand twelve, two thousand thirteen and two thousand fourteen, eligible dwelling units in property whose average unit assessed value is more
than fifty-five thousand dollars, but less than or equal to sixty thou-

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sand dollars, shall receive a partial abatement of the real property
taxes attributable to or due on such dwelling units of twenty percent,
twenty-one and two-tenths percent, and twenty-two and five-tenths
percent respectively. ________________________________________________
In the fiscal years commencing in calendar years
________________________________________________________________________
two thousand fifteen, two thousand sixteen, two thousand seventeen and
________________________________________________________________________
two thousand eighteen eligible dwelling units in property whose average
________________________________________________________________________
unit assessed value is more than fifty-five thousand dollars, but less
________________________________________________________________________
than or equal to sixty thousand dollars, shall receive a partial abate________________________________________________________________________
ment of the real property taxes attributable to or due on such dwelling
____________________________________________
units of twenty-two and five-tenths percent.
(d-4) In the fiscal years commencing in calendar [year] _____
years two
thousand twelve, two thousand thirteen [and],
_ two thousand fourteen,
_____
two
________________________________________________________________________
thousand fifteen, two thousand sixteen, two thousand seventeen and two
__________________
thousand eighteen, eligible dwelling units in property whose average
unit assessed value is more than sixty thousand dollars shall receive a
partial abatement of the real property taxes attributable to or due on
such dwelling units of seventeen and one-half percent.
§ 63. Paragraph (a) of subdivision 3 of section 467-a of the real
property tax law, as amended by chapter 4 of the laws of 2013, is
amended to read as follows:
(a) An application for an abatement pursuant to this section for the
fiscal year commencing in calendar year nineteen hundred ninety-six
shall be made no later than the fifteenth day of September, nineteen
hundred ninety-six. An application for an abatement pursuant to this
section for the fiscal year commencing in calendar year nineteen hundred
ninety-seven shall be made no later than the first day of April, nineteen hundred ninety-seven. An application for an abatement pursuant to
this section for the fiscal year commencing in calendar year nineteen
hundred ninety-eight shall be made no later than the first day of April,
nineteen hundred ninety-eight. An application for an abatement pursuant
to this section for the fiscal year commencing in calendar year nineteen
hundred ninety-nine shall be made in accordance with this subdivision
and subdivision three-a of this section. An application for an abatement
pursuant to this section for the fiscal year commencing in calendar year
two thousand shall be made no later than the fifteenth day of February,
two thousand. An application for an abatement pursuant to this section
for the fiscal year commencing in calendar year two thousand one shall
be made in accordance with this subdivision and subdivision three-b of
this section. An application for an abatement pursuant to this section
for the fiscal year commencing in calendar year two thousand two shall
be made no later than the fifteenth day of February, two thousand two.
An application for an abatement pursuant to this section for the fiscal
year commencing in calendar year two thousand three shall be made no
later than the fifteenth day of February, two thousand three. An application for an abatement pursuant to this section for the fiscal year
commencing in calendar year two thousand four shall be made in accordance with this subdivision and subdivision three-c of this section. An
application for an abatement pursuant to this section for the fiscal
year commencing in calendar year two thousand five shall be made no
later than the fifteenth day of February, two thousand five. An application for an abatement pursuant to this section for the fiscal year
commencing in calendar year two thousand six shall be made no later than
the fifteenth day of February, two thousand six. An application for an
abatement pursuant to this section for the fiscal year commencing in
calendar year two thousand seven shall be made no later than the
fifteenth day of February, two thousand seven. An application for abate-

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ment pursuant to this section for the fiscal year commencing in calendar
year two thousand eight shall be made in accordance with this subdivision and subdivision three-d of this section. An application for an
abatement pursuant to this section for the fiscal year commencing in
calendar year two thousand nine shall be made no later than the
fifteenth day of February, two thousand nine. An application for an
abatement pursuant to this section for the fiscal year commencing in
calendar year two thousand ten shall be made no later than the fifteenth
day of February, two thousand ten. An application for an abatement
pursuant to this section for the fiscal year commencing in calendar year
two thousand eleven shall be made no later than the fifteenth day of
February, two thousand eleven. An application for an abatement pursuant
to this section for the fiscal years commencing in calendar years two
thousand twelve and two thousand thirteen shall be made in accordance
with subdivision three-e of this section. The date or dates by which
applications for an abatement pursuant to this section shall be made for
the fiscal [year] _____
years beginning in calendar [year] _____
years two thousand
fourteen,
________________________________________________________________
two thousand fifteen, two thousand sixteen, two thousand
____________________________________
seventeen and two thousand eighteen shall be established by the commissioner of finance by rule, provided that such date or dates shall not be
later than the fifteenth day of February for such calendar [year] _____
years.
§ 63-a. Clause (A) of subparagraph (iv) of paragraph (a) of subdivision 2 of section 421-a of the real property tax law, as amended by
chapter 432 of the laws of 1998, the opening paragraph as amended by
chapter 19 of the laws of 2015, is amended to read as follows:
(A) Unless excluded by local law, in the city of New York, the benefits of this subparagraph shall be available in the borough of Manhattan
for new multiple dwellings on tax lots now existing or hereafter created
south of or adjacent to either side of one hundred tenth street that
commence construction after July first, nineteen hundred ninety-two and
_____
on or before [June twenty-third] ______________________
December thirty-first, two thousand
fifteen _______________________________________________________________
provided, however, that such a multiple dwelling receives its
________________________________________________________________________
first temporary or permanent certificate of occupancy covering all resi________________________________________________________________________
dential areas on or before December thirty-first, two thousand nineteen,
________________________________________________________________________
and solely for purposes of determining whether this clause applies and
________________________________________________________________________
notwithstanding any local law to the contrary, "commence" shall mean the
________________________________________________________________________
date upon which excavation and construction of initial footings and
________________________________________________________________________
foundations lawfully begins in good faith or, for an eligible conver________________________________________________________________________
sion, the date upon which the actual construction of the conversion,
________________________________________________________________________
alteration or improvement of the pre-existing building or structure
______________________________
lawfully begins in good faith, only if:
a. the construction is carried out with the substantial assistance of
grants, loans or subsidies from any federal, state or local agency or
instrumentality, or
b. the local housing agency has imposed a requirement or has certified
that twenty percent of the units are affordable to families of low and
moderate income.
§ 63-b. Subparagraph (ii) of paragraph (c) of subdivision 2 of section
421-a of the real property tax law, as amended chapter 19 of the laws of
2015, is amended to read as follows:
(ii) construction is commenced after January first, nineteen hundred
seventy-five and _____
on or before [June twenty-third] _____________________
December thirty-first,
two thousand fifteen provided, however, that __________________________
(A) such a multiple dwell________________________________________________________________________
ing receives its first temporary or permanent certificate of occupancy
________________________________________________________________________
covering all residential areas on or before December thirty-first, two
________________________________________________________________________
thousand nineteen, (B) solely for purposes of determining whether this

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subparagraph applies and notwithstanding any local law to the contrary,
________________________________________________________________________
"commence" shall mean the date upon which excavation and construction of
________________________________________________________________________
initial footings and foundations lawfully begins in good faith or, for
________________________________________________________________________
an eligible conversion, the date upon which the actual construction of
________________________________________________________________________
the conversion, alteration or improvement of the pre-existing building
______________________________________________________
or structure lawfully begins in good faith, and (C) such commencement
period shall not apply to multiple dwellings eligible for benefits under
subparagraph (iv) of paragraph (a) of this subdivision;
§ 63-c. Section 421-a of the real property tax law is amended by
adding three new subdivisions 16, 16-a' and 17 to read as follows:
__________________________________________________________
16. (a) Definitions. For the purposes of this subdivision:
______________________________________________________________________
(i) "421-a benefits" shall mean exemption from real property taxation
_____________________________
pursuant to this subdivision.
______________________________________________________________________
(ii) "Affordability option A" shall mean that, within any eligible
________________________________________________________________________
site: (A) not less than ten percent of the dwelling units are affordable
________________________________________________________________________
housing forty percent units; (B) not less than an additional ten percent
________________________________________________________________________
of the dwelling units are affordable housing sixty percent units; (C)
________________________________________________________________________
not less than an additional five percent of the dwelling units are
________________________________________________________________________
affordable housing one hundred thirty percent units; and (D) such eligi________________________________________________________________________
ble site is developed without the substantial assistance of grants,
________________________________________________________________________
loans or subsidies provided by a federal, state or local governmental
________________________________________________________________________
agency or instrumentality pursuant to a program for the development of
________________________________________________________________________
affordable housing, except that such eligible site may receive tax
__________________________________________________
exempt bond proceeds and four percent tax credits.
______________________________________________________________________
(iii) "Affordability option B" shall mean that, within any eligible
________________________________________________________________________
site, (A) not less than ten percent of the dwelling units are affordable
________________________________________________________________________
housing seventy percent units, and (B) not less than an additional twen________________________________________________________________________
ty percent of the dwelling units are affordable housing one hundred
_____________________
thirty percent units.
______________________________________________________________________
(iv) "Affordability option C" shall mean that, within any eligible
________________________________________________________________________
site excluding the geographic area south of ninety-sixth street in the
________________________________________________________________________
borough of Manhattan, and all other geographic areas in the city of New
________________________________________________________________________
York excluded pursuant to local law, (A) not less than thirty percent of
________________________________________________________________________
the dwelling units are affordable housing one hundred thirty percent
________________________________________________________________________
units, and (B) such eligible site is developed without the substantial
________________________________________________________________________
assistance of grants, loans or subsidies provided by a federal, state or
________________________________________________________________________
local governmental agency or instrumentality pursuant to a program for
______________________________________
the development of affordable housing.
______________________________________________________________________
(v) "Affordability option D" shall only apply to a homeownership
________________________________________________________________________
project, of which one hundred percent of the units shall have an average
________________________________________________________________________
assessed value not to exceed sixty-five thousand dollars upon the first
________________________________________________________________________
assessment following the completion date and where each owner of any
________________________________________________________________________
such unit shall agree, in writing, to maintain such unit as their prima________________________________________________________________________
ry residence for no less than five years from the acquisition of such
_____
unit.
______________________________________________________________________
(vi) "Affordability percentage" shall mean a fraction, the numerator
________________________________________________________________________
of which is the number of affordable housing units in an eligible site
________________________________________________________________________
and the denominator of which is the total number of dwelling units in
___________________
such eligible site.
______________________________________________________________________
(vii) "Affordable housing forty percent unit" shall mean a dwelling
________________________________________________________________________
unit that: (A) is situated within the eligible site for which 421-a
________________________________________________________________________
benefits are granted; and (B) upon initial rental and upon each subse________________________________________________________________________
quent rental following a vacancy during the restriction period, is
________________________________________________________________________
affordable to and restricted to occupancy by individuals or families
________________________________________________________________________
whose household income does not exceed forty percent of the area median

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income, adjusted for family size, at the time that such household
______________________________________
initially occupies such dwelling unit.
______________________________________________________________________
(viii) "Affordable housing sixty percent unit" shall mean a dwelling
________________________________________________________________________
unit that: (A) is situated within the eligible site for which 421-a
________________________________________________________________________
benefits are granted; and (B) upon initial rental and upon each subse________________________________________________________________________
quent rental following a vacancy during the restriction period, is
________________________________________________________________________
affordable to and restricted to occupancy by individuals or families
________________________________________________________________________
whose household income does not exceed sixty percent of the area median
________________________________________________________________________
income, adjusted for family size, at the time that such household
______________________________________
initially occupies such dwelling unit.
______________________________________________________________________
(ix) "Affordable housing seventy percent unit" shall mean a dwelling
________________________________________________________________________
unit that: (A) is situated within the eligible site for which 421-a
________________________________________________________________________
benefits are granted; and (B) upon initial rental and upon each subse________________________________________________________________________
quent rental following a vacancy during the restriction period, is
________________________________________________________________________
affordable to and restricted to occupancy by individuals or families
________________________________________________________________________
whose household income does not exceed seventy percent of the area medi________________________________________________________________________
an income, adjusted for family size, at the time that such household
______________________________________
initially occupies such dwelling unit.
______________________________________________________________________
(x) "Affordable housing one hundred thirty percent unit" shall mean a
________________________________________________________________________
dwelling unit that: (A) is situated within the eligible site for which
________________________________________________________________________
421-a benefits are granted; and (B) upon initial rental and upon each
________________________________________________________________________
subsequent rental following a vacancy during the restriction period, is
________________________________________________________________________
affordable to and restricted to occupancy by individuals or families
________________________________________________________________________
whose household income does not exceed one hundred thirty percent of the
________________________________________________________________________
area median income, adjusted for family size, at the time that such
________________________________________________
household initially occupies such dwelling unit.
______________________________________________________________________
(xi) "Affordable housing unit" shall mean, collectively and individ________________________________________________________________________
ually, affordable housing forty percent units, affordable housing sixty
________________________________________________________________________
percent units, affordable housing seventy percent units, and affordable
_________________________________________
housing one hundred thirty percent units.
______________________________________________________________________
(xii) "Agency" shall mean the department of housing preservation and
____________
development.
__________________________________________________________________
(xiii) "Application" shall mean an application for 421-a benefits.
______________________________________________________________________
(xiv) "Building service employee" shall mean any person who is regu________________________________________________________________________
larly employed at, and performs work in connection with the care or
________________________________________________________________________
maintenance of, an eligible site, including, but not limited to, a
________________________________________________________________________
watchman, guard, doorman, building cleaner, porter, handyman, janitor,
________________________________________________________________________
gardener, groundskeeper, elevator operator and starter, and window
________________________________________________________________________
cleaner, but not including persons regularly scheduled to work fewer
_______________________________________________
than eight hours per week at the eligible site.
______________________________________________________________________
(xv) "Commencement date" shall mean, with respect to any eligible
________________________________________________________________________
multiple dwelling, the date upon which excavation and construction of
________________________________________________________________________
initial footings and foundations lawfully begins in good faith or, for
________________________________________________________________________
an eligible conversion, the date upon which the actual construction of
________________________________________________________________________
the conversion, alteration or improvement of the pre-existing building
___________________________________________
or structure lawfully begins in good faith.
______________________________________________________________________
(xvi) "Completion date" shall mean the date upon which the local
________________________________________________________________________
department of buildings issues the first temporary or permanent certif________________________________________________________________________
icate of occupancy covering all residential areas of an eligible multi_____________
ple dwelling.
______________________________________________________________________
(xvii) "Construction period" shall mean, with respect to any eligible
________________________________________________________________________
multiple dwelling, a period: (A) beginning on the later of the commence________________________________________________________________________
ment date of such eligible multiple dwelling or three years before the
________________________________________________________________________
completion date of such eligible multiple dwelling; and (B) ending on
________________________________________________________________________
the day preceding the completion date of such eligible multiple dwell____
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(xviii) "Eligible conversion" shall mean the conversion, alteration or
________________________________________________________________________
improvement of a pre-existing building or structure resulting in a
________________________________________________________________________
multiple dwelling in which no more than forty-nine percent of the floor
_________________________________________________________
area consists of such pre-existing building or structure.
______________________________________________________________________
(xix) "Eligible multiple dwelling" shall mean a multiple dwelling or
________________________________________________________________________
homeownership project containing six or more dwelling units created
________________________________________________________________________
through new construction or eligible conversion for which the commence________________________________________________________________________
ment date is after December thirty-first, two thousand fifteen and on or
________________________________________________________________________
before June fifteenth, two thousand nineteen, and for which the
________________________________________________________________________
completion date is on or before June fifteenth, two thousand twenty______
three.
______________________________________________________________________
(xx) "Eligible site" shall mean either: (A) a tax lot containing an
________________________________________________________________________
eligible multiple dwelling; or (B) a zoning lot containing two or more
__________________________________________________________________
eligible multiple dwellings that are part of a single application.
______________________________________________________________________
(xxi) "Fiscal officer" shall mean the comptroller or other analogous
_____________________________________________________________
officer in a city having a population of one million or more.
______________________________________________________________________
(xxii) "Floor area" shall mean the horizontal areas of the several
________________________________________________________________________
floors, or any portion thereof, of a dwelling or dwellings, and accesso________________________________________________________________________
ry structures on a lot measured from the exterior faces of exterior
______________________________________________
walls, or from the center line of party walls.
______________________________________________________________________
(xxiii) "Four percent tax credits" shall mean federal low income hous________________________________________________________________________
ing tax credits computed in accordance with clause (ii) of subparagraph
________________________________________________________________________
(B) of paragraph (1) of subsection (b) of section forty-two of the
_________________________________________________________________
internal revenue code of nineteen hundred eighty-six, as amended.
______________________________________________________________________
(xxiv) "Homeownership project" shall mean a multiple dwelling or
________________________________________________________________________
portion thereof operated as condominium or cooperative housing, however,
________________________________________________________________________
it shall not include a multiple dwelling or portion thereof operated as
________________________________________________________________________
cooperative or condominium housing located within the borough of Manhat________________________________________________________________________
tan, and shall not include a multiple dwelling that contains more than
__________________
thirty-five units.
______________________________________________________________________
(xxv) "Market unit" shall mean a dwelling unit in an eligible multiple
_______________________________________________
dwelling other than an affordable housing unit.
______________________________________________________________________
(xxvi) "Multiple dwelling" shall have the meaning set forth in the
______________________
multiple dwelling law.
______________________________________________________________________
(xxvii) "Non-residential tax lot" shall mean a tax lot that does not
___________________________
contain any dwelling units.
______________________________________________________________________
(xxviii) "Rent stabilization" shall mean, collectively, the rent
________________________________________________________________________
stabilization law of nineteen hundred sixty-nine, the rent stabilization
________________________________________________________________________
code, and the emergency tenant protection act of nineteen seventy-four,
________________________________________________________________________
all as in effect as of the effective date of the chapter of the laws of
________________________________________________________________________
two thousand fifteen that added this subdivision or as amended thereaft________________________________________________________________________
er, together with any successor statutes or regulations addressing
______________________________________
substantially the same subject matter.
______________________________________________________________________
(xxix) "Rental project" shall mean an eligible site in which all
________________________________________________________________________
dwelling units included in any application are operated as rental hous____
ing.
______________________________________________________________________
(xxx) "Residential tax lot" shall mean a tax lot that contains dwell__________
ing units.
______________________________________________________________________
(xxxi) "Restriction period" shall mean a period commencing on the
________________________________________________________________________
completion date and expiring on the thirty-fifth anniversary of the
________________________________________________________________________
completion date, notwithstanding any earlier termination or revocation
__________________
of 421-a benefits.
______________________________________________________________________
(xxxii)"Tax exempt bond proceeds" shall mean the proceeds of an exempt
________________________________________________________________________
facility bond, as defined in paragraph (7) of subsection (a) of section
________________________________________________________________________
one hundred forty-two of the internal revenue code of nineteen hundred
________________________________________________________________________
eighty-six, as amended, the interest upon which is exempt from taxation

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________________________________________________________________________
under section one hundred three of the internal revenue code of nineteen
_______________________________
hundred eighty-six, as amended.
______________________________________________________________________
(xxxiii)
"Thirty-five
year
benefit" shall mean: (A) for the
________________________________________________________________________
construction period, a one hundred percent exemption from real property
________________________________________________________________________
taxation, other than assessments for local improvements; (B) for the
________________________________________________________________________
first twenty-five years of the restriction period, a one hundred percent
________________________________________________________________________
exemption from real property taxation, other than assessments for local
________________________________________________________________________
improvements; and (C) for the final ten years of the restriction period,
________________________________________________________________________
an exemption from real property taxation, other than assessments for
__________________________________________________________
local improvements, equal to the affordability percentage.
______________________________________________________________________
(xxxiv) "Twenty year benefit" shall mean: (A) for the construction
________________________________________________________________________
period, a one hundred percent exemption from real property taxation,
________________________________________________________________________
other than assessments for local improvements; (B) for the first four________________________________________________________________________
teen years of the restriction period, a one hundred percent exemption
________________________________________________________________________
from real property taxation, other than assessments for local improve________________________________________________________________________
ments, provided, however, that no exemption shall be given for any
________________________________________________________________________
portion of a unit's assessed value that exceeds $65,000; and (C) for the
________________________________________________________________________
final six years of the restriction period, a twenty-five percent
________________________________________________________________________
exemption from real property taxation, other than assessments for local
________________________________________________________________________
improvements, provided, however, that no exemption shall be given for
____________________________________________________________
any portion of a unit's assessed value that exceeds $65,000.
______________________________________________________________________
(b) Benefit. In cities having a population of one million or more,
________________________________________________________________________
notwithstanding the provisions of any other subdivision of this section
________________________________________________________________________
or of any general, special or local law to the contrary, new eligible
________________________________________________________________________
sites, except hotels, that comply with the provisions of this subdivi________________________________________________________________________
sion shall be exempt from real property taxation, other than assessments
________________________________________________________________________
for local improvements, in the amounts and for the periods specified in
________________________________________________________________________
this paragraph. A rental project that meets all of the requirements of
________________________________________________________________________
this subdivision shall receive a thirty-five year benefit and a homeown________________________________________________________________________
ership project that meets all of the requirements of this subdivision
____________________________________
shall receive a twenty year benefit.
______________________________________________________________________
(c) Tax payments. In addition to any other amounts payable pursuant to
________________________________________________________________________
this subdivision, the owner of any eligible site receiving 421-a bene________________________________________________________________________
fits shall pay, in each tax year in which such 421-a benefits are in
_______________________________________________________
effect, real property taxes and assessments as follows:
______________________________________________________________________
(i) with respect to each eligible multiple dwelling constructed on
________________________________________________________________________
such eligible site, real property taxes on the assessed valuation of
________________________________________________________________________
such land and any improvements thereon in effect during the tax year
________________________________________________________________________
prior to the commencement date of such eligible multiple dwelling, with________________________________________________________________________
out regard to any exemption from or abatement of real property taxation
________________________________________________________________________
in effect during such tax year, which real property taxes shall be
________________________________________________________________________
calculated using the tax rate in effect at the time such taxes are due;
___
and
____________________________________________
(ii) all assessments for local improvements.
______________________________________________________________________
(d) Limitation on benefits for non-residential space. If the aggregate
________________________________________________________________________
floor area of commercial, community facility and accessory use space in
________________________________________________________________________
an eligible site, other than parking which is located not more than
________________________________________________________________________
twenty-three feet above the curb level, exceeds twelve percent of the
________________________________________________________________________
aggregate floor area in such eligible site, any 421-a benefits shall be
________________________________________________________________________
reduced by a percentage equal to such excess. If an eligible site
________________________________________________________________________
contains multiple tax lots, the tax arising out of such reduction in
________________________________________________________________________
421-a benefits shall first be apportioned pro rata among any non-resi________________________________________________________________________
dential tax lots.
After any such non-residential tax lots are fully
________________________________________________________________________
taxable, the remainder of the tax arising out of such reduction in 421-a
________________________________________________________________________
benefits, if any, shall be apportioned pro rata among the remaining
_____________________
residential tax lots.

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(e) Calculation of benefit. Based on the certification of the agency
________________________________________________________________________
certifying the applicant's eligibility for 421-a benefits, the assessors
________________________________________________________________________
shall certify to the collecting officer the amount of taxes to be
_________
exempted.
______________________________________________________________________
(f) Affordability requirements. During the restriction period, a
________________________________________________________________________
rental project shall comply with either affordability option A, afforda________________________________________________________________________
bility option B, or affordability option C or for purposes of a homeown________________________________________________________________________
ership project, such project shall comply with affordability option D.
________________________________________________________________________
Such election shall be made in the application and shall not thereafter
________________________________________________________________________
be changed. The rental project shall also comply with all provisions of
________________________________________________________________________
this paragraph during the restriction period and with subparagraph (iii)
________________________________________________________________________
of this paragraph both during and after the restriction period to the
_____________________________________
extent provided in such subparagraph.
______________________________________________________________________
(i) Affordable units shall share the same common entrances and common
________________________________________________________________________
areas as market rate units, and shall not be isolated to a specific
________________________________________________________________________
floor or area of a building. Common entrances shall mean any area regu________________________________________________________________________
larly used by any resident for ingress and egress from a multiple dwell________
ing; and
______________________________________________________________________
(ii) Unless preempted by the requirements of a federal, state or local
________________________________________________________________________
housing program, either (A) the affordable housing units in an eligible
________________________________________________________________________
site shall have a unit mix proportional to the market units, or (B) at
________________________________________________________________________
least fifty percent of the affordable housing units in an eligible site
________________________________________________________________________
shall have two or more bedrooms and no more than twenty-five percent of
______________________________________________________________
the affordable housing units shall have less than one bedroom.
______________________________________________________________________
(iii) Notwithstanding any provision of rent stabilization to the
________________________________________________________________________
contrary, all affordable housing units shall be fully subject to rent
________________________________________________________________________
stabilization during the restriction period, provided that tenants hold________________________________________________________________________
ing a lease and in occupancy of such affordable housing units at the
________________________________________________________________________
expiration of the restriction period shall have the right to remain as
____________________________________________________________
rent stabilized tenants for the duration of their occupancy.
______________________________________________________________________
(iv) All rent stabilization registrations required to be filed pursu________________________________________________________________________
ant to subparagraph (iii) of this paragraph shall contain a designation
________________________________________________________________________
that specifically identifies affordable housing units created pursuant
________________________________________________________________________
to this subdivision as "421-a affordable housing units" and shall
________________________________________________________________________
contain an explanation of the requirements that apply to all such
_________________________
affordable housing units.
______________________________________________________________________
(v) Failure to comply with the provisions of this paragraph that
________________________________________________________________________
require the creation, maintenance, rent stabilization compliance and
________________________________________________________________________
occupancy of affordable housing units or for purposes of a homeownership
________________________________________________________________________
project the failure to comply with affordability option D shall result
________________________________________________________________________
in revocation of any 421-a benefits for the period of such non-compli_____
ance.
______________________________________________________________________
(vi) Nothing in this subdivision shall (A) prohibit the occupancy of
________________________________________________________________________
an affordable housing unit by individuals or families whose income at
________________________________________________________________________
any time is less than the maximum percentage of the area median income,
________________________________________________________________________
adjusted for family size, specified for such affordable housing unit
________________________________________________________________________
pursuant to this subdivision, or (B) prohibit the owner of an eligible
________________________________________________________________________
site from requiring, upon initial rental or upon any rental following a
________________________________________________________________________
vacancy, the occupancy of any affordable housing unit by such lower
_______________________________
income individuals or families.
______________________________________________________________________
(vii) Following issuance of a temporary certificate of occupancy and
________________________________________________________________________
upon each vacancy thereafter, an affordable housing unit shall promptly
________________________________________________________________________
be offered for rental by individuals or families whose income does not
________________________________________________________________________
exceed the maximum percentage of the area median income, adjusted for
________________________________________________________________________
family size, specified for such affordable housing unit pursuant to this
________________________________________________________________________
subdivision and who intend to occupy such affordable housing unit as

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their primary residence. An affordable housing unit shall not be (A)
________________________________________________________________________
rented to a corporation, partnership or other entity, or (B) held off
________________________________________________________________________
the market for a period longer than is reasonably necessary to perform
________________________________________________________________________
repairs needed to make such affordable housing unit available for occu______
pancy.
______________________________________________________________________
(viii) An affordable housing unit shall not be rented on a temporary,
________________________________________________________________________
transient or short-term basis. Every lease and renewal thereof for an
________________________________________________________________________
affordable housing unit shall be for a term of one or two years, at the
_____________________
option of the tenant.
______________________________________________________________________
(ix) An affordable housing unit shall not be converted to cooperative
_________________________
or condominium ownership.
______________________________________________________________________
(x) The agency may establish by rule such requirements as the agency
________________________________________________________________________
deems necessary or appropriate for (A) the marketing of affordable hous________________________________________________________________________
ing units, both upon initial occupancy and upon any vacancy, (B) moni________________________________________________________________________
toring compliance with the provisions of this paragraph and (C) the
________________________________________________________________________
marketing and monitoring of any homeownership project that is granted an
________________________________________________________________________
exemption pursuant to this subdivision. Such requirements may include,
________________________________________________________________________
but need not be limited to, retaining a monitor approved by the agency
__________________________
and paid for by the owner.
______________________________________________________________________
(xi) Notwithstanding any provision of this subdivision to the contra________________________________________________________________________
ry, a market unit shall be subject to rent stabilization unless, in the
________________________________________________________________________
absence of 421-a benefits, the owner would be entitled to remove such
________________________________________________________________________
market unit from rent stabilization upon vacancy by reason of the month___________________________________________________
ly rent exceeding any limit established thereunder.
______________________________________________________________________
(g) Building service employees. (i) For the purposes of this para________________________________________________________________________
graph, "applicant" shall mean an applicant for 421-a benefits, any
________________________________________________________________________
successor to such applicant, or any employer of building service employ________________________________________________________________________
ees for such applicant, including, but not limited to, a property
_________________________________
management company or contractor.
______________________________________________________________________
(ii) All building service employees employed by the applicant at the
________________________________________________________________________
eligible site shall receive the applicable prevailing wage for the
__________________________
entire restriction period.
______________________________________________________________________
(iii) The fiscal officer shall have the power to enforce the
________________________________________________________________________
provisions of this paragraph. In enforcing such provisions, the fiscal
_____________________________
officer shall have the power:
______________________________________________________________________
(A) to investigate or cause an investigation to be made to determine
________________________________________________________________________
the prevailing wages for building service employees; in making such
________________________________________________________________________
investigation, the fiscal officer may utilize wage and fringe benefit
________________________________________________________________________
data from various sources, including, but not limited to, data and
________________________________________________________________
determinations of federal, state or other governmental agencies;
______________________________________________________________________
(B) to institute and conduct inspections at the site of the work or
__________
elsewhere;
______________________________________________________________________
(C) to examine the books, documents and records pertaining to the
________________________________________________________________________
wages paid to, and the hours of work performed by, building service
__________
employees;
______________________________________________________________________
(D) to hold hearings and, in connection therewith, to issue subpoenas,
________________________________________________________________________
administer oaths and examine witnesses; the enforcement of a subpoena
________________________________________________________________________
issued under this paragraph shall be regulated by the civil practice law
__________
and rules;
______________________________________________________________________
(E) to make a classification by craft, trade or other generally recog________________________________________________________________________
nized occupational category of the building service employees and to
________________________________________________________________________
determine whether such work has been performed by the building service
_________________________________
employees in such classification;
______________________________________________________________________
(F) to require the applicant to file with the fiscal officer a record
________________________________________________________________________
of the wages actually paid by such applicant to the building service
_____________________________________
employees and of their hours of work;

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(G) to delegate any of the foregoing powers to his or her deputy or
____________________________________
other authorized representative; and
______________________________________________________________________
(H) to promulgate rules as he or she shall consider necessary for the
________________________________________________________________________
proper execution of the duties, responsibilities and powers conferred
_______________________________________________________
upon him or her by the provisions of this subparagraph.
______________________________________________________________________
(iv) If the fiscal officer finds that the applicant has failed to
________________________________________________________________________
comply with the provisions of this paragraph, he or she shall present
_____________________________________________
evidence of such noncompliance to the agency.
___________________________________________________________________
(v) Subparagraph (ii) of this paragraph shall not be applicable to:
______________________________________________________________________
(A) an eligible multiple dwelling containing less than thirty dwelling
_________
units; or
______________________________________________________________________
(B) an eligible multiple dwelling in which all of the dwelling units
________________________________________________________________________
are affordable housing units and not less than fifty percent of such
________________________________________________________________________
affordable housing units, upon initial rental and upon each subsequent
________________________________________________________________________
rental following a vacancy during the restriction period, are affordable
________________________________________________________________________
to and restricted to occupancy by individuals or families whose house________________________________________________________________________
hold income does not exceed one hundred twenty-five percent of the area
________________________________________________________________________
median income, adjusted for family size, at the time that such household
______________________________________
initially occupies such dwelling unit.
______________________________________________________________________
(h) Replacement ratio. If the land on which an eligible site is
________________________________________________________________________
located contained any dwelling units three years prior to the commence________________________________________________________________________
ment date of the first eligible multiple dwelling thereon, then such
________________________________________________________________________
eligible site shall contain at least one affordable housing unit for
________________________________________________________________________
each dwelling unit that existed on such date and was thereafter demol_______________________________
ished, removed or reconfigured.
______________________________________________________________________
(i) Concurrent exemptions or abatements. An eligible multiple dwelling
________________________________________________________________________
receiving 421-a benefits shall not receive any exemption from or abate___________________________________________________
ment of real property taxation under any other law.
______________________________________________________________________
(j) Voluntary renunciation or termination.
Notwithstanding
the
________________________________________________________________________
provisions of any general, special or local law to the contrary, an
________________________________________________________________________
owner shall not be entitled to voluntarily renounce or terminate any
________________________________________________________________________
421-a benefits unless the agency authorizes such renunciation or termi________________________________________________________________________
nation in connection with the commencement of a new tax exemption pursu________________________________________________________________________
ant to either the private housing finance law or section four hundred
_______________________
twenty-c of this title.
______________________________________________________________________
(k) Termination or revocation. The agency may terminate or revoke
________________________________________________________________________
421-a benefits for noncompliance with this subdivision. If 421-a bene________________________________________________________________________
fits are terminated or revoked for noncompliance with this subdivision,
________________________________________________________________________
all of the affordable housing units shall remain subject to rent
________________________________________________________________________
stabilization or for a homeownership project such project shall continue
________________________________________________________________________
to comply with affordability option D of this subdivision and all other
________________________________________________________________________
requirements of this subdivision for the restriction period and any
________________________________________________________________________
additional period expressly provided in this subdivision, as if the
__________________________________________________
421-a benefits had not been terminated or revoked.
______________________________________________________________________
(l) Powers cumulative. The enforcement provisions of this subdivision
________________________________________________________________________
shall not be exclusive, and are in addition to any other rights, reme________________________________________________________________________
dies, or enforcement powers set forth in any other law or available at
_________________
law or in equity.
______________________________________________________________________
(m) Multiple tax lots. If an eligible site contains multiple tax lots,
________________________________________________________________________
an application may be submitted with respect to one or more of such tax
________________________________________________________________________
lots. The agency shall determine eligibility for 421-a benefits based
_______________________________________________
upon the tax lots included in such application.
______________________________________________________________________
(n) Applications.
(i) The application with respect to any eligible
________________________________________________________________________
multiple dwelling shall be filed with the agency not later than one year
_____________________________________________________________
after the completion date of such eligible multiple dwelling.

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(ii) Notwithstanding the provisions of any general, special or local
________________________________________________________________________
law to the contrary, the agency may require by rule that applications be
_____________________
filed electronically.
______________________________________________________________________
(iii) The agency may rely on certification by an architect or engineer
________________________________________________________________________
submitted by an applicant in connection with the filing of an applica________________________________________________________________________
tion. A false certification by such architect or engineer shall be
________________________________________________________________________
deemed to be professional misconduct pursuant to section sixty-five
________________________________________________________________________
hundred nine of the education law. Any licensee found guilty of such
________________________________________________________________________
misconduct under the procedures prescribed in section sixty-five hundred
________________________________________________________________________
ten of the education law shall be subject to the penalties prescribed in
________________________________________________________________________
section sixty-five hundred eleven of the education law, and shall there________________________________________________________________________
after be ineligible to submit a certification pursuant to this subdivi_____
sion.
______________________________________________________________________
(o) Filing fee. The agency may require a filing fee of three thousand
________________________________________________________________________
dollars per dwelling unit in connection with any application. However,
________________________________________________________________________
the agency may promulgate rules imposing a lesser fee for eligible sites
________________________________________________________________________
containing eligible multiple dwellings constructed with the substantial
________________________________________________________________________
assistance of grants, loans or subsidies provided by a federal, state or
________________________________________________________________________
local governmental agency or instrumentality pursuant to a program for
______________________________________
the development of affordable housing.
______________________________________________________________________
(p) Rules. The agency may promulgate rules to carry out the provisions
____________________
of this subdivision.
______________________________________________________________________
(q) Authority of city to enact local law. Except as otherwise speci________________________________________________________________________
fied in this subdivision, a city to which this subdivision is applicable
________________________________________________________________________
may enact a local law to restrict, limit or condition the eligibility
________________________________________________________________________
for or the scope or amount of 421-a benefits in any manner, provided
________________________________________________________________________
that such local law may not grant 421-a benefits beyond those provided
________________________________________________________________________
in this subdivision and provided further that such local law shall not
________________________________________________________________________
take effect sooner than one year after it is enacted. The provisions of
________________________________________________________________________
sections 11-245 and 11-245.1 of the administrative code of the city of
________________________________________________________________________
New York or of any other local law of the city of New York that were
________________________________________________________________________
enacted on or before the effective date of the chapter of the laws of
________________________________________________________________________
two thousand fifteen which added this paragraph shall not restrict,
________________________________________________________________________
limit or condition the eligibility for or the scope or amount of 421-a
______________________________________
benefits pursuant to this subdivision.
______________________________________________________________________
(r) Election. Notwithstanding anything in this subdivision to the
________________________________________________________________________
contrary, if a memorandum of understanding pursuant to subdivision
________________________________________________________________________
sixteen-a of this section has been executed and noticed, a rental
________________________________________________________________________
project or homeownership project with a commencement date on or before
________________________________________________________________________
December thirty-first, two thousand fifteen that has not received bene________________________________________________________________________
fits pursuant to this section prior to the effective date of the chapter
________________________________________________________________________
of the laws of two thousand fifteen that added this subdivision may
________________________________________________________________________
elect to comply with this subdivision and receive 421-a benefits pursu________________________
ant to this subdivision.
______________________________________________________________________
§ 16-a. The provisions of subdivision sixteen of this section shall
________________________________________________________________________
take effect only upon the condition that on or before January fifteenth,
________________________________________________________________________
two thousand sixteen, a memorandum of understanding is executed by one,
________________________________________________________________________
or more, representative of the largest trade association of residential
________________________________________________________________________
real estate developers, either for profit or not-for-profit, in New York
________________________________________________________________________
city as well as one, or more, representative of the largest trade labor
________________________________________________________________________
association representing building and construction workers, with member______________________
ship in New York city.
______________________________________________________________________
Such memorandum of understanding shall include provisions regarding
________________________________________________________________________
wages or wage supplements for construction workers on buildings over
________________________________________________________________________
fifteen units where such buildings enjoy the benefits of subdivision
________________________________________________________________________
sixteen of this section; provided, however that such memorandum may also

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address issues including those related to the (i) number of units, (ii)
________________________________________________________________________
application of a wage schedule to different size projects and (iii) wage
________________________________________________________________________
schedules for various geographic locations in New York city. The terms
________________________________________________________________________
and conditions of the memorandum of understanding shall apply to all
________________________________________________________________________
projects with more than fifteen units that receive benefits under this
________________________________________________________________________
subdivision sixteen of section after the memorandum of understanding is
_________
executed.
______________________________________________________________________
Notwithstanding the foregoing, if on or before January fifteenth, two
________________________________________________________________________
thousand sixteen, the memorandum of understanding has not been fully
________________________________________________________________________
executed, the provisions of subdivision sixteen of this section shall be
________________________________________________________________________
suspended such that no new applications shall be accepted under subdivi________________________________________________________________________
sion sixteen of this section. Absent such full execution of such memo________________________________________________________________________
randum and notice to the legislative bill drafting commission, the bene________________________________________________________________________
fits of subdivision sixteen of this section shall remain suspended that
________________________________________________________________________
no new applications shall be accepted under subdivision sixteen of this
___________________________________________
section, until such memorandum is executed.
______________________________________________________
17. (a) Definitions. For purposes of this subdivision:
______________________________________________________________________
(i) "Affordable housing eighty percent units" shall mean dwelling
________________________________________________________________________
units that: (A) are situated within the extended affordability property;
________________________________________________________________________
(B) upon initial rental and upon each subsequent rental following a
________________________________________________________________________
vacancy during the extended affordability period, are each affordable
________________________________________________________________________
and restricted to occupancy by individuals or families whose household
________________________________________________________________________
income does not exceed one hundred percent of the area median income,
________________________________________________________________________
adjusted for family size, at the time that such household initially
________________________________________________________________________
occupies such dwelling unit; and (C) upon initial rental and upon each
________________________________________________________________________
subsequent rental following a vacancy during the extended affordability
________________________________________________________________________
period, are collectively affordable and restricted to occupancy by indi________________________________________________________________________
viduals or families whose household income does not exceed an average of
________________________________________________________________________
eighty percent of the area median income, adjusted for family size, at
___________________________________________________________________
the time that such household initially occupies such dwelling unit.
______________________________________________________________________
(ii) "Affordable housing one hundred thirty percent units" shall mean
________________________________________________________________________
dwelling units that: (A) are situated within an extended affordability
________________________________________________________________________
property; and (B) upon initial rental and upon each subsequent rental
________________________________________________________________________
following a vacancy during the extended affordability period, are each
________________________________________________________________________
affordable and restricted to occupancy by individuals or families whose
________________________________________________________________________
household income does not exceed one hundred thirty percent of the area
________________________________________________________________________
median income, adjusted for family size, at the time that such household
______________________________________
initially occupies such dwelling unit.
______________________________________________________________________
(iii) "Affordable housing unit" shall mean, collectively and individ________________________________________________________________________
ually, affordable housing eighty percent units and affordable housing
_________________________________
one hundred thirty percent units.
______________________________________________________________________
(iv) "Agency" shall mean the department of housing preservation and
____________
development.
______________________________________________________________________
(v) "Application" shall mean an application for extended benefits
_____________________________
pursuant to this subdivision.
______________________________________________________________________
(vi) "Building service employee" shall mean any person who is regular________________________________________________________________________
ly employed at, and performs work in connection with the care or mainte________________________________________________________________________
nance of, an extended affordability property, including, but not limited
________________________________________________________________________
to, a watchman, guard, doorman, building cleaner, porter, handyman,
________________________________________________________________________
janitor, gardener, groundskeeper, elevator operator and starter, and
________________________________________________________________________
window cleaner, but not including persons regularly scheduled to work
_______________________________________________________________________
fewer than eight hours per week in the extended affordability property.
______________________________________________________________________
(vii) "Commencement date" shall mean the later of: (A) the expiration
______________________________________________
date; or (B) the restrictive declaration date.
______________________________________________________________________
(viii) "Expiration date" shall mean the date upon which benefits
________________________________________________________________________
granted to a twenty year benefit property or twenty-five year benefit

AB

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property pursuant to this section prior to the effective date of the
________________________________________________________________________
chapter of the laws of two thousand fifteen that added this subdivision
_____________
would expire.
______________________________________________________________________
(ix) "Extended affordability period" shall mean, notwithstanding any
________________________________________________________________________
earlier termination or revocation of the extended benefit, the period
________________________________________________________________________
commencing upon the commencement date and ending: (A) fifteen years
________________________________________________________________________
thereafter for a twenty year benefit property; and (B) ten years there______________________________________________
after for a twenty-five year benefit property.
______________________________________________________________________
(x) "Extended affordability property" shall mean a twenty year benefit
________________________________________________________________________
property or a twenty-five year benefit property that complies with the
_______________________________
provisions of this subdivision.
______________________________________________________________________
(xi) "Extended affordability requirement" shall mean that, within any
________________________________________________________________________
extended affordability property: (A) not less than twenty percent of the
________________________________________________________________________
dwelling units are affordable housing eighty percent units; and (B) not
________________________________________________________________________
less than an additional five percent of the dwelling units are afforda_____________________________________________
ble housing one hundred thirty percent units.
______________________________________________________________________
(xii) "Extended benefit" shall mean, for any extended affordability
________________________________________________________________________
property, a fifty percent exemption from real property taxation, other
________________________________________________________________________
than assessments for local improvements, for the extended affordability
_______
period.
______________________________________________________________________
(xiii) "Fiscal officer" shall mean the comptroller or other analogous
_____________________________________________________________
officer in a city having a population of one million or more.
______________________________________________________________________
(xiv) "Floor area" shall mean the horizontal areas of the several
________________________________________________________________________
floors, or any portion thereof, of a dwelling or dwellings, and accesso________________________________________________________________________
ry structures on a lot measured from the exterior faces of exterior
______________________________________________
walls, or from the center line of party walls.
______________________________________________________________________
(xv) "Multiple dwelling" shall have the meaning set forth in the
______________________
multiple dwelling law.
______________________________________________________________________
(xvi) "Residential tax lot" shall mean a tax lot that contains dwell__________
ing units.
______________________________________________________________________
(xvii) "Restrictive declaration" shall mean a document executed by all
________________________________________________________________________
parties in interest to the extended affordability property which
________________________________________________________________________
provides that, during the extended affordability period, the extended
________________________________________________________________________
affordability property shall comply with the extended affordability
____________
requirement.
______________________________________________________________________
(xviii) "Restrictive declaration date" shall mean the date upon which
________________________________________________________________________
the restrictive declaration is recorded against the extended affordabil_____________
ity property.
______________________________________________________________________
(xix) "Twenty year benefit property" shall mean a multiple dwelling
________________________________________________________________________
that commenced construction prior to July first, two thousand eight and
________________________________________________________________________
that was granted benefits pursuant to this section prior to the effec________________________________________________________________________
tive date of the chapter of the laws of two thousand fifteen that added
________________________________________________________________________
this subdivision due to its compliance with the requirements of item b
________________________________________________________________________
of clause (A) of subparagraph (iv) of paragraph (a) of subdivision two
________________
of this section.
______________________________________________________________________
(xx) "Twenty-five year benefit property" shall mean a multiple dwell________________________________________________________________________
ing that commenced construction prior to July first, two thousand eight
________________________________________________________________________
and that was granted benefits pursuant to this section prior to the
________________________________________________________________________
effective date of the chapter of the laws of two thousand fifteen that
________________________________________________________________________
added this subdivision due to its compliance with the requirements of
________________________________________________________________________
item b of clause (D) of subparagraph (iii) of paragraph (a) of subdivi_________________________
sion two of this section.
______________________________________________________________________
(b) Benefit. In cities having a population of one million or more,
________________________________________________________________________
notwithstanding the provisions of any other subdivision of this section
________________________________________________________________________
or of any general, special or local law to the contrary, an extended
________________________________________________________________________
affordability property shall be granted an extended benefit, provided,

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________________________________________________________________________
however, that such extended benefit shall be available only if all resi________________________________________________________________________
dential tax lots in such extended affordability property operate as
_______________
rental housing.
______________________________________________________________________
(c) Tax payments. In addition to any other amounts payable pursuant to
________________________________________________________________________
this subdivision, the owner of an extended affordability property
________________________________________________________________________
receiving an extended benefit shall pay, in each tax year in which such
________________________________________________________________________
extended benefit is in effect, real property taxes and assessments as
________
follows:
______________________________________________________________________
(i) real property taxes on the assessed valuation of such land and any
________________________________________________________________________
improvements thereon in effect during the tax year preceding the
________________________________________________________________________
commencement of the construction of such extended affordability property
________________________________________________________________________
without regard to any exemption or abatement from real property taxation
________________________________________________________________________
in effect prior to such construction which real property taxes shall be
________________________________________________________________________
calculated on the tax rate in effect at the time such taxes are due; and
____________________________________________
(ii) all assessments for local improvements.
______________________________________________________________________
(d) Limitation on benefits for non-residential space. Any extended
________________________________________________________________________
benefit shall be reduced by the percentage of aggregate floor area of
________________________________________________________________________
the extended affordability property occupied by commercial, community
________________________________________________________________________
facility, parking, and accessory uses as provided in paragraph (d) of
________________________________
subdivision two of this section.
______________________________________________________________________
(e) Calculation of benefit. Based on the certification of the agency
________________________________________________________________________
certifying the applicant's eligibility for the extended benefit, the
________________________________________________________________________
assessors shall certify to the collecting officer the amount of taxes to
____________
be exempted.
______________________________________________________________________
(f) Affordability requirement. During the extended affordability peri________________________________________________________________________
od, an extended affordability property must comply with the extended
________________________________________________________________________
affordability requirement and the restrictive declaration. The extended
________________________________________________________________________
affordability property shall also comply with all provisions of this
________________________________________________________________________
paragraph during the extended affordability period and with subparagraph
________________________________________________________________________
(i) of this paragraph both during and after the extended affordability
___________________________________________________
period to the extent provided in such subparagraph.
______________________________________________________________________
(i) Notwithstanding the provisions of any local law for the stabiliza________________________________________________________________________
tion of rents or the emergency tenant protection act of nineteen seven________________________________________________________________________
ty-four, all affordable housing units in an extended affordability prop________________________________________________________________________
erty shall be fully subject to control under such local law or such act
________________________________________________________________________
during the extended affordability period, provided that tenants holding
________________________________________________________________________
a lease and in occupancy of such affordable housing units in an extended
________________________________________________________________________
affordability property at the expiration of the extended affordability
________________________________________________________________________
period shall have the right to remain as rent stabilized tenants for the
________________________________________________________________________
duration of their occupancy. Upon any vacancy of an affordable housing
________________________________________________________________________
unit after the extended affordability period, such affordable housing
________________________________________________________________________
unit shall remain fully subject to rent stabilization unless the owner
________________________________________________________________________
is entitled to remove such affordable housing unit from rent stabiliza________________________________________________________________________
tion upon such vacancy by reason of the monthly rent exceeding any limit
_______________________
established thereunder.
______________________________________________________________________
(ii) All rent stabilization registrations required to be filed pursu________________________________________________________________________
ant to subparagraph (i) of this paragraph shall contain a designation
________________________________________________________________________
that specifically identifies affordable housing units complying with the
________________________________________________________________________
extended affordability requirement as "421-a affordable housing units"
________________________________________________________________________
and shall contain an explanation of the requirements that apply to all
______________________________
such affordable housing units.
______________________________________________________________________
(iii) Failure to comply with the provisions of this paragraph that
________________________________________________________________________
require the maintenance, rent stabilization and occupancy of affordable
________________________________________________________________________
housing units in an extended affordability property shall result in
________________________________________________________________________
revocation of the extended benefit for the period of such non-compli_____
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(iv) Nothing in this subdivision shall: (A) prohibit the occupancy of
________________________________________________________________________
an affordable housing unit by individuals or families whose income at
________________________________________________________________________
any time is less than the maximum percentage of the area median income,
________________________________________________________________________
adjusted for family size, specified for such affordable housing unit
________________________________________________________________________
pursuant to this subdivision; or (B) prohibit the owner of an extended
________________________________________________________________________
affordability property from requiring, upon initial rental or upon any
________________________________________________________________________
rental following a vacancy, the occupancy of any affordable housing unit
_____________________________________________
by such lower income individuals or families.
______________________________________________________________________
(v) Upon each vacancy, an affordable housing unit shall promptly be
________________________________________________________________________
offered for rental by individuals or families whose income does not
________________________________________________________________________
exceed the maximum percentage of the area median income, adjusted for
________________________________________________________________________
family size, specified for such affordable housing unit pursuant to this
________________________________________________________________________
subdivision and who intend to occupy such affordable housing unit as
________________________________________________________________________
their primary residence. An affordable housing unit shall not be: (A)
________________________________________________________________________
rented to a corporation, partnership or other entity; or (B) held off
________________________________________________________________________
the market for a period longer than is reasonably necessary to perform
________________________________________________________________________
repairs needed to make such affordable housing unit available for occu______
pancy.
______________________________________________________________________
(vi) An affordable housing unit shall not be rented on a temporary,
________________________________________________________________________
transient or short-term basis. Every lease and renewal thereof for an
________________________________________________________________________
affordable housing unit shall be for a term of one or two years, at the
_____________________
option of the tenant.
______________________________________________________________________
(vii) An affordable housing unit shall not be converted to cooperative
_________________________
or condominium ownership.
______________________________________________________________________
(viii) The agency may establish by rule such requirements as the agen________________________________________________________________________
cy deems necessary or appropriate for: (A) the marketing of affordable
________________________________________________________________________
housing units; and (B) monitoring compliance with the provisions of this
________________________________________________________________________
paragraph. Such requirements may include, but need not be limited to,
_____________________________________________________________________
retaining a monitor approved by the agency and paid for by the owner.
______________________________________________________________________
(g) Building service employees. (i) For the purposes of this para________________________________________________________________________
graph, "applicant" shall mean an applicant for extended benefits, any
________________________________________________________________________
successor to such applicant, or any employer of building service employ________________________________________________________________________
ees for such applicant, including, but not limited to, a property
_________________________________
management company or contractor.
______________________________________________________________________
(ii) All building service employees employed by the applicant at the
________________________________________________________________________
extended affordability property shall receive the applicable prevailing
__________________________________________________
wage for the entire extended affordability period.
______________________________________________________________________
(iii) The fiscal officer shall have the power to enforce the
________________________________________________________________________
provisions of this paragraph. In enforcing such provisions, the fiscal
_____________________________
officer shall have the power:
______________________________________________________________________
(A) to investigate or cause an investigation to be made to determine
________________________________________________________________________
the prevailing wages for building service employees; in making such
________________________________________________________________________
investigation, the fiscal officer may utilize wage and fringe benefit
________________________________________________________________________
data from various sources, including, but not limited to, data and
________________________________________________________________
determinations of federal, state or other governmental agencies;
______________________________________________________________________
(B) to institute and conduct inspections at the site of the work or
__________
elsewhere;
______________________________________________________________________
(C) to examine the books, documents and records pertaining to the
________________________________________________________________________
wages paid to, and the hours of work performed by, building service
__________
employees;
______________________________________________________________________
(D) to hold hearings and, in connection therewith, to issue subpoenas,
________________________________________________________________________
administer oaths and examine witnesses; the enforcement of a subpoena
________________________________________________________________________
issued under this paragraph shall be regulated by the civil practice law
__________
and rules;
______________________________________________________________________
(E) to make a classification by craft, trade or other generally recog________________________________________________________________________
nized occupational category of the building service employees and to

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________________________________________________________________________
determine whether such work has been performed by the building service
_________________________________
employees in such classification;
______________________________________________________________________
(F) to require the applicant to file with the fiscal officer a record
________________________________________________________________________
of the wages actually paid by such applicant to the building service
_____________________________________
employees and of their hours of work;
______________________________________________________________________
(G) to delegate any of the foregoing powers to his or her deputy or
____________________________________
other authorized representative; and
______________________________________________________________________
(H) to promulgate rules as he or she shall consider necessary for the
________________________________________________________________________
proper execution of the duties, responsibilities and powers conferred
_______________________________________________________
upon him or her by the provisions of this subparagraph.
______________________________________________________________________
(iv) If the fiscal officer finds that the applicant has failed to
________________________________________________________________________
comply with the provisions of this paragraph, he or she shall present
_____________________________________________
evidence of such noncompliance to the agency.
___________________________________________________________________
(v) Subparagraph (ii) of this paragraph shall not be applicable to:
______________________________________________________________________
(A) an extended affordability property containing less than thirty
__________________
dwelling units; or
______________________________________________________________________
(B) an extended affordability property in which all of the dwelling
________________________________________________________________________
units are affordable housing units and not less than fifty percent of
________________________________________________________________________
such affordable housing units, upon initial rental and upon each subse________________________________________________________________________
quent rental following a vacancy during the extended affordability peri________________________________________________________________________
od, are affordable to and restricted to occupancy by individuals or
________________________________________________________________________
families whose household income does not exceed one hundred twenty-five
________________________________________________________________________
percent of the area median income, adjusted for family size, at the time
__________________________________________________________
that such household initially occupies such dwelling unit.
______________________________________________________________________
(h) Concurrent exemptions or abatements. An extended affordability
________________________________________________________________________
property receiving an extended benefit shall not receive any exemption
________________________________________________________________
from or abatement of real property taxation under any other law.
______________________________________________________________________
(i) Voluntary renunciation or termination.
Notwithstanding
the
________________________________________________________________________
provisions of any general, special or local law to the contrary, an
________________________________________________________________________
owner shall not be entitled to voluntarily renounce or terminate an
________________________________________________________________________
extended benefit unless the agency authorizes such renunciation or
________________________________________________________________________
termination in connection with the commencement of a new tax exemption
________________________________________________________________________
pursuant to either the private housing finance law or section four
_______________________________
hundred twenty-c of this title.
______________________________________________________________________
(j) Termination or revocation. The agency may terminate or revoke the
________________________________________________________________________
extended benefit for noncompliance with this subdivision. If the
________________________________________________________________________
extended benefit is terminated or revoked for noncompliance with this
________________________________________________________________________
subdivision, all of the affordable housing units shall remain subject to
________________________________________________________________________
the provisions of any local law for the stabilization of rents or the
________________________________________________________________________
emergency tenant protection act of nineteen seventy-four and all other
________________________________________________________________________
requirements of this subdivision for the entire extended affordability
________________________________________________________________________
period and any additional period expressly provided in this subdivision,
______________________________________________________________
as if the extended benefit had not been terminated or revoked.
______________________________________________________________________
(k) Powers cumulative. The enforcement provisions of this subdivision
________________________________________________________________________
shall not be exclusive, and are in addition to any other rights, reme________________________________________________________________________
dies, or enforcement powers set forth in any other law or available at
_________________
law or in equity.
______________________________________________________________________
(l) Multiple tax lots. If an extended affordability property contains
________________________________________________________________________
multiple tax lots, an application may be submitted with respect to one
________________________________________________________________________
or more of such tax lots. The agency shall determine eligibility for an
______________________________________________________________________
extended benefit based upon the tax lots included in such application.
______________________________________________________________________
(m) Applications. (i) The application with respect to any extended
________________________________________________________________________
affordability property shall include a certification that: (A) the
________________________________________________________________________
restrictive declaration has been recorded against the extended afforda________________________________________________________________________
bility property; and (B) the extended affordability property is in
__________________________________________________________________
compliance with such restrictive declaration and this subdivision.

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(ii) The application with respect to any extended affordability prop________________________________________________________________________
erty shall be filed with the agency on or before the later of: (A)
________________________________________________________________________
December thirty-first, two thousand sixteen; or (B) eighteen months
__________________________
after the expiration date.
______________________________________________________________________
(iii) Notwithstanding the provisions of any general, special or local
________________________________________________________________________
law to the contrary, the agency may require by rule that applications be
_____________________
filed electronically.
______________________________________________________________________
(iv) The agency may rely on certification by an architect or engineer
________________________________________________________________________
submitted by an applicant in connection with the filing of an applica________________________________________________________________________
tion. A false certification by such architect or engineer shall be
________________________________________________________________________
deemed to be professional misconduct pursuant to section sixty-five
________________________________________________________________________
hundred nine of the education law. Any licensee found guilty of such
________________________________________________________________________
misconduct under the procedures prescribed in section sixty-five hundred
________________________________________________________________________
ten of the education law shall be subject to the penalties prescribed in
________________________________________________________________________
section sixty-five hundred eleven of the education law, and shall there________________________________________________________________________
after be ineligible to submit a certification pursuant to this subdivi_____
sion.
______________________________________________________________________
(n) Filing fee. The agency may require a filing fee of three thousand
_____________________________________________________________
dollars per dwelling unit in connection with any application.
______________________________________________________________________
(o) Rules. The agency may promulgate rules to carry out the provisions
____________________
of this subdivision.
______________________________________________________________________
(p) Authority of city to enact local law. Except as otherwise speci________________________________________________________________________
fied in this subdivision, a city to which this subdivision is applicable
________________________________________________________________________
may enact a local law to restrict, limit or condition the eligibility
________________________________________________________________________
for or the scope or amount of extended benefits in any manner, provided
________________________________________________________________________
that such local law may not grant extended benefits beyond those
________________________________________________________________________
provided in this subdivision and provided further that such local law
________________________________________________________________________
shall not take effect sooner than one year after it is enacted. The
________________________________________________________________________
provisions of sections 11-245 and 11-245.1 of the administrative code of
________________________________________________________________________
the city of New York or of any other local law of the city of New York
________________________________________________________________________
that were enacted on or before the effective date of the chapter of the
________________________________________________________________________
laws of two thousand fifteen that added this paragraph shall not
________________________________________________________________________
restrict, limit or condition the eligibility for or the scope or amount
__________________________________________________
of extended benefits pursuant to this subdivision.
§ 63-d. Intentionally omitted.
§ 63-e. Intentionally omitted.
§ 63-f. Subdivision 2 of section 421-a of the real property tax law is
amended by adding a new paragraph (j) to read as follows:
______________________________________________________________________
(j)
Voluntary
renunciation or termination. Notwithstanding the
________________________________________________________________________
provisions of any general, special or local law to the contrary, an
________________________________________________________________________
owner shall not be entitled to voluntarily renounce or terminate any tax
________________________________________________________________________
exemption granted pursuant to this subdivision unless the local housing
________________________________________________________________________
agency authorizes such renunciation or termination in connection with
________________________________________________________________________
the commencement of a new tax exemption pursuant to either the private
___________________________________________________________________
housing finance law or section four hundred twenty-c of this title.
§ 63-g. The opening paragraph of subdivision 3 of section 421-a of the
real property tax law, as amended by chapter 655 of the laws of 1978, is
amended to read as follows:
__
a. Application forms for exemption under this section shall be filed
with the assessors between February first and March fifteenth and, based
on the certification of the local housing agency as herein provided, the
assessors shall certify to the collecting officer the amount of taxes to
be abated. If there be in a city of one million population or more a
department of housing preservation and development, the term "housing
agency" shall mean only such department of housing preservation and
development. No such application shall be accepted by the assessors

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unless accompanied by a certificate of the local housing agency certifying the applicant's eligibility pursuant to subdivisions two and four of
this section. No such certification of eligibility shall be issued by
the local housing agency until such agency determines the initial
adjusted monthly rent to be paid by tenants residing in rental dwelling
units contained within the multiple dwelling and the comparative
adjusted monthly rent that would have to be paid by such tenants if no
tax exemption were applicable as provided by this section. The initial
adjusted monthly rent will be certified by the local housing agency as
the first rent for the subject dwelling units. A copy of such certification with respect to such units shall be attached by the applicant to
the first effective lease or occupancy agreement. The initial adjusted
monthly rent shall reflect the full tax exemption benefits as approved
by the agency.
§ 63-h. Subdivision 3 of section 421-a of the real property tax law is
amended by adding a new paragraph b to read as follows:
______________________________________________________________________
b. Notwithstanding the provisions of any general, special or local law
________________________________________________________________________
to the contrary, the local housing agency may require by rule that
_____________________________________
applications be filed electronically.
§ 63-i. Paragraph (a) of subdivision 6 of section 421-a of the real
property tax law is amended by adding three new subparagraphs (iii),
(iv) and (v) to read as follows:
______________________________________________________________________
(iii) "Commencement date" shall mean, with respect to any building in
________________________________________________________________________
a covered project and notwithstanding any local law to the contrary, the
________________________________________________________________________
date upon which excavation and construction of initial footings and
________________________________________________________________________
foundations lawfully begins in good faith or, for an eligible conver________________________________________________________________________
sion, the date upon which the actual construction of the conversion,
________________________________________________________________________
alteration or improvement of the pre-existing building or structure
______________________________
lawfully begins in good faith.
______________________________________________________________________
(iv) "Completion date" shall mean the date upon which the local
________________________________________________________________________
department of buildings issues the first temporary or permanent certif________________________________________________________________________
icate of occupancy covering all residential areas of a building in a
________________
covered project.
______________________________________________________________________
(v) "Covered project agreement" shall mean an agreement executed and
________________________________________________________________________
recorded on or before December thirty-first, two thousand fifteen, and
________________________________________________________________________
not thereafter amended to include additional real property, by and
________________________________________________________________________
between the owners of the real property containing all of the affordable
________________________________________________________________________
units and the market units which will constitute a single covered
__________________________________________________________________
project as defined pursuant to subparagraph (i) of this paragraph.
§ 63-j. Paragraph (b) of subdivision 6 of section 421-a of the real
property tax law, as added by chapter 110 of the laws of 2005, is
amended to read as follows:
(b) No benefits under the provisions of this section shall be
conferred on any _____________
building in a covered project located in the Greenpoint
- Williamsburg waterfront exclusion area unless [such] _________________
the real property
________________________________________________________________________
containing such building is identified in a covered project agreement,
_________________
and the covered project ______________________________
that includes such building shall provide
affordable housing for persons and families of low and moderate income
that meets one of the following conditions:
(i) not less than twenty percent of the units in the covered project
are affordable to and occupied or available for occupancy by individuals
or families whose incomes at the time of initial occupancy do not exceed
eighty percent of the area median incomes adjusted for family size,
______
and
________________________________________________________________________
at least one building in such covered project that contains not less
________________________________________________________________________
than twenty percent of its dwelling units meeting this affordable hous________________________________________________________________________
ing requirement has a commencement date on or before December thirty-

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________________________________________________________________________
first, two thousand fifteen and all of the buildings in such covered
________________________________________________________________________
project that receive benefits pursuant to paragraph (f) of this subdivi________________________________________________________________________
sion have a completion date on or before June fifteenth, two thousand
___________
twenty-five; or
(ii) not less than ten percent of the units in the covered project are
affordable to and occupied or available for occupancy by individuals or
families whose incomes at the time of initial occupancy do not exceed
eighty percent of the area median incomes adjusted for family size and
not less than an additional fifteen percent of the units in the covered
project are affordable to and occupied or available for occupancy by
individuals or families whose incomes at the time of initial occupancy
do not exceed one hundred twenty-five percent of the area median incomes
adjusted for family size,
_____________________________________________
and at least one building in such covered
________________________________________________________________________
project that contains not less than twenty-five percent of its dwelling
________________________________________________________________________
units meeting this affordable housing requirement has a commencement
________________________________________________________________________
date on or before December thirty-first, two thousand fifteen and all of
________________________________________________________________________
the buildings in such covered project that receive benefits pursuant to
________________________________________________________________________
paragraph (f) of this subdivision have a completion date on or before
________________________________________
June fifteenth, two thousand twenty-five.
§ 63-k. Paragraph (f) of subdivision 6 of section 421-a of the real
property tax law, as added by chapter 110 of the laws of 2005, is
amended to read as follows:
(f) With respect to any covered project located entirely within the
Greenpoint - Williamsburg waterfront exclusion area, the period of tax
benefits awarded to any building in such covered project shall be the
same as the period of tax benefits awarded under clause [(A)] ___
(D) of
subparagraph (iii) of paragraph (a) of subdivision two of this section.
With respect to any covered project which includes one or more buildings
located outside the Greenpoint - Williamsburg waterfront exclusion area,
the period of tax benefits awarded to any building in such covered
project that is located within the Greenpoint - Williamsburg waterfront
exclusion area shall be the same as the period of tax benefits awarded
under clause (A) of subparagraph (ii) of paragraph (a) of subdivision
two of this section.
§ 63-l.
Paragraph (d) of subdivision 7 of section 421-a of the real
property tax law, as added by chapter 618 of the laws of 2007, and
subparagraphs (i) and (ii) as amended by chapter 619 of the laws of
2007, are amended to read as follows:
(d) Unless preempted by federal requirements:
(i) all affordable units must have a comparable number of bedrooms as
market rate units and a unit mix proportional to the market rate units,
or at least fifty percent of the affordable units must have two or more
bedrooms and no more than fifty percent of the remaining units can be
smaller than one bedroom or in addition to the requirements of paragraph
(c) of this subdivision, the floor area of affordable units is no less
than twenty percent of the total floor area of all dwelling units; [and]
(ii) _________________________________________________________________
affordable units shall share the same common entrances and common
________________________________________________________________________
areas as market rate units, and shall not be isolated to a specific
________________________________________________________________________
floor or area of a building. Common entrances shall mean any area regu________________________________________________________________________
larly used by any resident for ingress and egress from a multiple dwell________
ing; and
_____
(iii) residents of the community board where the multiple dwelling
which receives the benefits provided in this section is located shall,
upon initial occupancy, have priority for the purchase or rental of
fifty percent of the affordable units.

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§ 63-m. Subdivision 8 of section 421-a of the real property tax law,
as added by chapter 618 of the laws of 2007, subparagraph (i) of paragraph (a) and paragraph (c) as amended by chapter 15 of the laws of
2008, paragraphs (d) and (e) as amended by chapter 619 of the laws of
2007, is amended to read as follows:
8. (a) As used in this subdivision, the following terms shall have the
following meanings:
(i) _________________________________________________________________
"Applicant" means an applicant for benefits pursuant to this
________________________________________________________________________
section, any successor to such applicant, or any employer of building
________________________________________________________________________
service employees for such applicant, including, but not limited to, a
__________________________________________
property management company or contractor.
____
(ii) "Building service employee" means any person who is regularly
employed at a building who performs work in connection with the care or
maintenance of such building. "Building service employee" includes, but
is not limited to [superintendent], watchman, guard, doorman, building
cleaner, porter, handyman, janitor, gardener, groundskeeper, elevator
operator and starter, and window cleaner, but shall not include persons
regularly scheduled to work fewer than eight hours per week in the
building.
[(ii) "Prevailing wage" means the wage determined by the fiscal officer to be prevailing for the various classes of building service employees in the locality pursuant to section two hundred thirty of the labor
law.]
______________________________________________________________________
(iii) "Fiscal officer" means the comptroller or other analogous offi_________________________________________________________
cer in a city having a population of one million or more.
(b) [No benefits under this section shall be conferred for any
construction commenced on or after December twenty-eighth, two thousand
seven for any tax lots now existing or hereafter created except where
the applicant agrees that all building service employees employed at the
building, whether employed directly by the applicant or its successors,
or through a property management company or a contractor, shall receive
the applicable prevailing wage for the duration of the building's tax
exemption.] ____________________________________________________________
All building service employees employed by the applicant in
________________________________________________________________________
a building whose construction commenced on or after December twenty________________________________________________________________________
eighth, two thousand seven shall receive the applicable prevailing wage
______________________________________________________
for the duration of benefits pursuant to this section.
(c) [The limitations contained in paragraph] ________________________
The fiscal officer shall
________________________________________________________________________
have the power to enforce the provisions of this subdivision. In enforc_____________________________________________________________
ing such provisions, the fiscal officer shall have the power:
______________________________________________________________________
(i) to investigate or cause an investigation to be made to determine
________________________________________________________________________
the prevailing wages for building service employees; in making such
________________________________________________________________________
investigation, the fiscal officer may utilize wage and fringe benefit
________________________________________________________________________
data from various sources, including, but not limited to, data and
________________________________________________________________
determinations of federal, state or other governmental agencies;
______________________________________________________________________
(ii) to institute and conduct inspections at the site of the work or
__________
elsewhere;
______________________________________________________________________
(iii) to examine the books, documents and records pertaining to the
________________________________________________________________________
wages paid to, and the hours of work performed by, building service
__________
employees;
______________________________________________________________________
(iv) to hold hearings and, in connection therewith, to issue subpoe________________________________________________________________________
nas, administer oaths and examine witnesses; the enforcement of a
________________________________________________________________________
subpoena issued under this subdivision shall be regulated by the civil
_______________________
practice law and rules;
______________________________________________________________________
(v) to make a classification by craft, trade or other generally recog________________________________________________________________________
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________________________________________________________________________
determine whether such work has been performed by the building service
_________________________________
employees in such classification;
______________________________________________________________________
(vi) to require the applicant to file with the fiscal officer a record
________________________________________________________________________
of the wages actually paid by such applicant to the building service
_____________________________________
employees and of their hours of work;
______________________________________________________________________
(vii) to delegate any of the foregoing powers to his or her deputy or
____________________________________
other authorized representative; and
______________________________________________________________________
(viii) to promulgate rules as he or she shall consider necessary for
________________________________________________________________________
the proper execution of the duties, responsibilities and
powers
______________________________________________________________
conferred upon him or her by the provisions of this paragraph.
______________________________________________________________________
(d) If the fiscal officer finds that the applicant has failed to
________________________________________________________________________
comply with the provisions of this subdivision, he or she shall present
___________________________________________________________
evidence of such noncompliance to the local housing agency.
_____________
(e) Paragraph (b) of this subdivision shall not be applicable to:
(i) projects containing less than fifty dwelling units; or
(ii) buildings where the local housing agency certifies that at
initial occupancy at least fifty percent of the dwelling units are
affordable to individuals or families with a gross household income at
or below one hundred twenty-five percent of the area median income and
that any such units which are located in rental buildings will be
subject to restrictions to insure that they will remain affordable for
the entire period during which they receive benefits under this section.
[(d)] ___
(f) The local housing agency shall prescribe appropriate sanctions for failure to comply with the provisions of this subdivision.
[(e)] ___
(g) Solely for purposes of paragraph (b) of this subdivision,
construction shall be deemed to have commenced when excavation or alteration has begun in good faith on the basis of approved construction
plans.
[(f)] ___
(h) The [limitations on] eligibility ________
criteria for benefits
contained in this subdivision shall be in addition to those contained in
any other law or regulation.
§ 64. Paragraph (b) of subdivision 3 of section 421-m of the real
property tax law, as added by section 43 of part B of chapter 97 of the
laws of 2011, is amended to read as follows:
(b) Such construction or substantial rehabilitation was commenced on
or after the effective date of the local law, ordinance or resolution
described in subdivision one of this section, but no later than June
fifteenth, two thousand [fifteen] ________
nineteen.
§ 64-a. The real property tax law is amended by adding a new section
467-i to read as follows:
______________________________________________________________________
§ 467-i. Real property tax abatement.
An eligible building shall
________________________________________________________________________
receive an abatement of real property taxes as provided in this section
____________________________________
and the rules promulgated hereunder.
______________________________________________________________________
1. The amount of such tax abatement shall be determined pursuant to
________________________________________________________________________
regulations promulgated by the commissioner of the state department of
________________________________________________________________________
taxation and finance.
The value of such tax abatement shall be deter________________________________________________________________________
mined based upon a formula to be established by the commissioner of the
________________________________________________________________________
state department of taxation and finance that shall reflect the value of
________________________________________________________________________
the major capital improvement, the economic loss imposed upon a building
________________________________________________________________________
owner as a result of changes to the amortization period authorized for
________________________________________________________________________
major capital improvements pursuant to this title and such other factors
________________________________________________________________________
as the commissioner may establish, including appropriate discount rates
_________________
and time periods.
______________________________________________________________________
2. Such tax abatement shall commence on July first following the
________________________________________________________________________
approval of an application for tax abatement by the department of
________________________________________________________________________
finance on a form prescribed thereby providing the amount of the major

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________________________________________________________________________
capital improvement approved by the division and the amount of units in
______________________
the eligible building.
______________________________________________________________________
3. Such abatement may not be carried over to any subsequent tax year
________________________________________________________________________
and shall not reduce or be offset by any other tax benefit provided,
________________________________________________
approved or calculated by the city or the state.
______________________________________________________________________
4. "Eligible building" shall mean for the purposes of this section a
________________________________________________________________________
class two building located in a city of a million or more which is
________________________________________________________________________
subject to either the emergency housing rent control law or to the rent
________________________________________________________________________
and rehabilitation law of the city of New York enacted pursuant to the
________________________________________________________________________
emergency housing rent control law or to the emergency tenant protection
_____________________________
act of nineteen seventy-four.
______________________________________________________________________
5.
With respect to administration of the tax abatement program
________________________________________________________________________
authorized in this section, no local agency shall consider or adopt any
________________________________________________________________________
eligibility criteria that are different than those promulgated by the
_________________________________________
state department of taxation and finance.
§ 65. Real property tax abatement. An eligible building shall receive
an abatement of real property taxes as provided in this section and the
rules promulgated hereunder.
1. The amount of such tax abatement shall be determined by calculating
fifty percent of the economic loss attributed to the building owner as a
result of changes to the amortization period as established by this act
for such buildings, which shall be measured as follows: the total
approved cost of the major capital improvement, multiplied by a fraction, the numerator of which is the increase, measured in months, of the
amortization schedule of such improvement established by the rent act of
2015, and the denominator of which is the total new amortization period,
measured in months, for the major capital improvement established by the
rent act of 2015 as applied to such eligible building.
2. Such tax abatement shall commence on July first following the
approval of an application for tax abatement by the department of
finance on a form prescribed thereby providing the amount of the major
capital improvement approved by the New York state division of housing
and community renewal and the amount of units in the eligible building.
3. Such abatement may not be carried over to any subsequent tax year
and shall not reduce or be offset by any other tax benefit provided,
approved or calculated by the city or the state.
4. "Eligible building" shall mean for the purposes of this section a
class two building located in a city with a population of one million or
more which is subject either to the emergency housing rent control law
or to the rent and rehabilitation law of the city of New York enacted
pursuant to the emergency housing rent control law or to the emergency
tenant protection act of nineteen seventy-four.
5. With respect to administration of the tax abatement program authorized herein, no local agency shall consider or adopt any eligibility
criteria that are different than those promulgated by the state department of taxation and finance.
§ 66. This act shall take effect immediately; and shall be deemed to
have been in full force and effect on and after June 15, 2015; provided,
however, that:
(a) the amendments to chapter 4 of title 26 of the administrative code
of the city of New York made by sections ten, twelve, sixteen,
sixteen-a, twenty-three, twenty-four and twenty-nine of this act shall
expire on the same date as such chapter expires and shall not affect the
expiration of such chapter as provided under section 26-520 of such law;
(b) the amendments to the emergency tenant protection act of nineteen
seventy-four made by sections eight, eleven, thirteen, sixteen-b, twen-

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ty-seven, twenty-eight and thirty of this act shall expire on the same
date as such act expires and shall not affect the expiration of such act
as provided in section 17 of chapter 576 of the laws of 1974;
(c) the amendments to the emergency housing rent control law made by
sections seven, fourteen and thirty-two of this act shall expire on the
same date as such law expires and shall not affect the expiration of
such law as provided in subdivision 2 of section 1 of chapter 274 of the
laws of 1946;
(d) the amendments to chapter 3 of title 26 of the administrative code
of the city of New York made by sections nine, fifteen, twenty-five,
twenty-six and thirty-one of this act shall remain in full force and
effect only as long as the public emergency requiring the regulation and
control of residential rents and evictions continues, as provided in
subdivision 3 of section 1 of the local emergency housing rent control
act;
(e) the amendments made by sections fourteen through twenty-one of
this act shall not be grounds for dismissal of any owner application for
deregulation where a notice or application for such deregulation, that
is filed or served between May 1, 2015 through July 1, 2015, used the
income and rent deregulation thresholds in effect prior to the effective
date of such sections. Any tenant failure to respond to such notice or
application because of the use of such income or deregulation thresholds
shall constitute grounds to afford such tenant an additional opportunity
to respond;
(f) the amendments to paragraph 2 of subdivision c of section 26-516
of the administrative code of the city of New York made by section twenty-three of this act shall not affect the expiration of such paragraph
and shall expire therewith when upon such date section twenty-four of
this act shall take effect;
(g) the amendments to subparagraph (a) of paragraph 2 of subdivision b
of section 26-413 of the administrative code of the city of New York
made by section twenty-five of this act shall not affect the expiration
and reversion of such subparagraph and shall expire therewith when upon
such date the provisions of section twenty-six of this act shall take
effect;
(h) the amendments to clause (ii) of paragraph 3 of subdivision a of
section 12 of the emergency tenant protection act of nineteen seventyfour made by section twenty-seven of this act shall be subject to the
expiration and reversion of such clause when upon such date section
twenty-eight of this act shall take effect;
(i) the amendments to paragraph (vi) of subdivision 1 of section 284
of the multiple dwelling law made by section twenty-two-a of this act
shall not affect the expiration and reversion of such paragraph and
shall expire therewith;
(j) the provisions of sections thirty-three, thirty-four, thirty-five,
thirty-six, thirty-seven, thirty-eight, thirty-nine, forty, forty-one,
forty-two, forty-three, forty-four, forty-five, forty-six, forty-seven,
forty-eight, forty-nine and fifty of this act shall take effect immediately and shall be deemed to have been in full force and effect on and
after June 23, 2015;
(k) the amendments to subparagraph (A) of paragraph 7 of subdivision
(ee) of section 1115 of the tax law made by section thirty-three of this
act shall not affect the repeal of such subdivision and shall be deemed
repealed therewith;
(l) Provided however if and when the memorandum of understanding is
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to the memorandum shall notify the legislative bill drafting commission
upon the execution of the memorandum of the understanding in order that
the commission may maintain an accurate and timely effective data base
of the official text of the laws of the state of New York in furtherance
of effectuating the provisions of section 44 of the legislative law and
section 70-b of the public officers law. Further, the legislative bill
drafting commission shall notify the leadership of both the Senate and
the Assembly as well as the commissioner of the division of housing and
community renewal, immediately upon receipt of a memorandum of understanding pursuant to this subdivision.
(m) the provisions of sections sixty-three-k of this act shall take
effect immediately and shall be deemed to have been in full force and
effect on and after August 17, 2007; and
(n) notwithstanding any other provision of law, rule or regulation,
any rental or homeownership project whose commencement date has occurred
or that has submitted an application for benefits under section 421-a of
the real property tax law, prior to the effective date of the rent act
of 2015 shall be governed by the provision of law in effect at the time
of such application.

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PART B

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Section 1. This act enacts into law major components of legislation in
relation to education.
Each component is wholly contained within a
Subpart identified as Subparts A through E. The effective date for each
particular provision contained within such Subpart is set forth in the
last section of such Subpart. Any provision in any section contained
within a Subpart, including the effective date of the Subpart, which
makes a reference to a section "of this act", when used in connection
with that particular component, shall be deemed to mean and refer to the
corresponding section of the Subpart in which it is found. Section three
of this act sets forth the general effective date of this act.

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SUBPART A
Section 1. Paragraph (a-1) of subdivision 3 of section 2854 of the
education law, as added by chapter 4 of the laws of 1998, is amended to
read as follows:
(a-1) The board of trustees of a charter school shall employ and
contract with necessary teachers, administrators and other school
personnel. Such teachers shall be certified in accordance with the
requirements applicable to other public schools; provided, however, that
a charter school may employ as teachers (i) uncertified teachers with at
least three years of elementary, middle or secondary classroom teaching
experience; (ii) tenured or tenure track college faculty; (iii) individuals with two years of satisfactory experience through the Teach for
America program; and (iv) individuals who possess exceptional business,
professional, artistic, athletic, or military experience, provided,
however, that such teachers described in clauses (i), (ii), (iii), and
(iv) of this paragraph shall not in total comprise more than ___________
the sum of:
___
(A) thirty per centum of the teaching staff of a charter school, or five
teachers, whichever is less;
__________________________________________
plus (B) five teachers of mathematics,
________________________________________________________________________
science, computer science, technology, or career and technical educa________________________________________
tion; plus (C) five additional teachers. A teacher certified or otherwise approved by the commissioner shall not be included in the numerical
limits established by the preceding sentence.

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§ 2. Subdivisions 9 and 9-a of section 2852 of the education law,
subdivision 9 as amended and subdivision 9-a as added by chapter 101 of
the laws of 2010, paragraph (a) of subdivision 9-a as amended by chapter
221 of the laws of 2010, paragraph (f) of subdivision 9-a as amended by
chapter 102 of the laws of 2010, are amended to read as follows:
9. The total number of charters issued pursuant to this article ______
state____
wide shall not exceed four hundred sixty.
(a) [One hundred of such
charters shall be issued on the recommendation of the charter entity
described in paragraph (b) of subdivision three of section twenty-eight
hundred fifty-one of this article; (b) one hundred of such charters
shall be issued on the recommendation of the other charter entities set
forth in subdivision three of section twenty-eight hundred fifty-one of
this article; (c) up to fifty of the additional charters authorized to
be issued by the chapter of the laws of two thousand seven which amended
this subdivision effective July first, two thousand seven shall be
reserved for a city school district of a city having a population of one
million or more; (d) one hundred thirty charters shall be issued by the
board of regents pursuant to a competitive process in accordance with
subdivision nine-a of this section, provided that no more than fiftyseven of such charters shall be granted to a charter for a school to be
located in a city having a population of one million or more; (e) one
hundred thirty charters shall be issued by the board of regents on the
recommendation of the board of trustees of the state university of New
York pursuant to a competitive process in accordance with subdivision
nine-a of this section, provided that no more than fifty-seven of such
charters shall be granted to a charter for a school to be located in a
city having a population of one million or more] ______________________
All charters issued on
________________________________________________________________________
or after July first, two thousand fifteen and counted toward the numer________________________________________________________________________
ical limits established by this subdivision shall be issued by the board
________________________________________________________________________
of regents upon application directly to the board of regents or on the
________________________________________________________________________
recommendation of the board of trustees of the state university of New
________________________________________________________________________
York pursuant to a competitive process in accordance with subdivision
________________________________________________________________________
nine-a of this section. Fifty of such charters issued on or after July
________________________________________________________________________
first, two thousand fifteen, and no more, shall be granted to a charter
________________________________________________________________________
for a school to be located in a city having a population of one million
________
or more. The failure of any body to issue the regulations authorized
pursuant to this article shall not affect the authority of a charter
entity to propose a charter to the board of regents or the board of
regents' authority to grant such charter. A conversion of an existing
public school to a charter school,
_ or the renewal or extension of a
charter _______________________________
approved by any charter entity, shall not be counted toward the
numerical limits established by this subdivision.
______________________________________________________________________
(b) A charter that has been surrendered, revoked or terminated on or
________________________________________________________________________
before July first, two thousand fifteen, including a charter that has
________________________________________________________________________
not been renewed by action of its charter entity, may be reissued pursu________________________________________________________________________
ant to paragraph (a) of this subdivision by the board of regents either
________________________________________________________________________
upon application directly to the board of regents or on the recommenda________________________________________________________________________
tion of the board of trustees of the state university of New York pursu________________________________________________________________________
ant to a competitive process in accordance with subdivision nine-a of
________________________________________________________________________
this section. Provided that such reissuance shall not be counted toward
________________________________________________________________________
the statewide numerical limit established by this subdivision, and
________________________________________________________________________
provided further that no more than twenty-two charters may be reissued
___________________________
pursuant to this paragraph.
______________________________________________________________________
(c) For purposes of determining the total number of charters issued
________________________________________________________________________
within the numerical limits established by this subdivision, the
____________________________________________________________________
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______________________________________________________________________
(d) Notwithstanding any provision of this article to the contrary, any
________________________________________________________________________
charter authorized to be issued by chapter fifty-seven of the laws of
________________________________________________________________________
two thousand seven effective July first, two thousand seven, and that
________________________________________________________________________
remains unissued as of July first, two thousand fifteen, may be issued
________________________________________________________________________
pursuant to the provisions of law applicable to a charter authorized to
________________________________________________________________________
be issued by such chapter in effect as of June fifteenth, two thousand
________________________________________________________________________
fifteen; provided however that nothing in this paragraph shall be
________________________________________________________________________
construed to increase the numerical limit applicable to a city having a
________________________________________________________________________
population of one million or more as provided in paragraph (a) of this
________________________________________________________________________
subdivision, as amended by a chapter of the laws of two thousand fifteen
___________________________
which added this paragraph.
9-a. (a) The board of regents is hereby authorized and directed to
issue [two] ____
four hundred sixty charters ______________________________
statewide upon either applica________________________________________________________________________
tions submitted directly to the board of regents or upon the recommenda_________________________________________________________________
tion of the board of trustees of the state university of New York pursuant to a competitive request for proposals process.
[(i) Commencing on August first, two thousand ten through September
first, two thousand thirteen, the board of regents and the board of
trustees of the state university of New York shall each issue a request
for proposals in accordance with this subdivision and this subparagraph:
(1) Each request for proposals to be issued by the board of regents
and the board of trustees of the state university of New York on August
first, two thousand ten shall be for a maximum of thirty-two charters to
be issued for charter schools which would commence instructional operation by the September of the next calendar year.
(2) Each request for proposals to be issued by the board of regents
and the board of trustees of the state university of New York on January
first, two thousand eleven shall be for a maximum of thirty-three charters to be issued for charter schools which would commence instructional
operation by the September of the next calendar year.
(3) Each request for proposals to be issued by the board of regents
and the board of trustees of the state university of New York on January
first, two thousand twelve shall be for a maximum of thirty-two charters
to be issued for charter schools which would commence instructional
operation by the September of the next calendar year.
(4) Each request for proposals to be issued by the board of regents
and the board of trustees of the state university of New York on September first, two thousand thirteen shall be for a maximum of thirty-three
charters to be issued for charter schools which would commence instructional operation by the September of the next calendar year.
(ii) If after September first, two thousand thirteen, either the board
of regents or the board of trustees of the state university of New York
have any charters which have not yet been issued, they may be issued
pursuant to requests for proposals issued in each succeeding year, without limitation as to when such requests for proposals may be issued, or
a limitation on the number of charters which may be issued.
(iii) Notwithstanding the provisions of clauses one, two, three and
four of subparagraph (i) of this paragraph and subparagraph (ii) of this
paragraph, if fewer charters are issued than were requested in such
request for proposals, the difference may be added to the number of
charters requested in the request for proposals issued in each succeeding year.
(iv)] The board of regents shall make a determination to issue a charter pursuant to a request for proposals no later than December thirtyfirst of each year.

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(b) The board of regents and the board of trustees of the state
university of New York shall each develop such request for proposals in
a manner that facilitates a thoughtful review of charter school applications, considers the demand for charter schools by the community, and
seeks to locate charter schools in a region or regions where there may
be a lack of alternatives and access to charter schools would provide
new alternatives within the local public education system that would
offer the greatest educational benefit to students. Applications shall
be evaluated in accordance with the criteria and objectives contained
within a request for proposals. The board of regents and the board of
trustees of the state university of New York shall not consider any
applications which do not rigorously demonstrate that they have met the
following criteria:
(i) that the proposed charter school would meet or exceed enrollment
and retention targets, as prescribed by the board of regents or the
board of trustees of the state university of New York, as applicable, of
students with disabilities, English language learners, and students who
are eligible applicants for the free and reduced price lunch program.
When developing such targets, the board of regents and the board of
trustees of the state university of New York, shall ensure (1) that such
enrollment targets are comparable to the enrollment figures of such
categories of students attending the public schools within the school
district, or in a city school district in a city having a population of
one million or more inhabitants, the community school district, in which
the proposed charter school would be located; and (2) that such
retention targets are comparable to the rate of retention of such categories of students attending the public schools within the school
district, or in a city school district in a city having a population of
one million or more inhabitants, the community school district, in which
the proposed charter school would be located; and
(ii) that the applicant has conducted public outreach, in conformity
with a thorough and meaningful public review process prescribed by the
board of regents and the board of trustees of the state university of
New York, to solicit community input regarding the proposed charter
school and to address comments received from the impacted community
concerning the educational and programmatic needs of students.
(c) The board of regents and the board of trustees of the state
university of New York shall grant priority based on a scoring rubric to
those applications that best demonstrate how they will achieve the
following objectives, and any additional objectives the board of regents
and the board of trustees of the state university of New York, may
prescribe:
(i) increasing student achievement and decreasing student achievement
gaps in reading/language arts and mathematics;
(ii) increasing high school graduation rates and focusing on serving
specific high school student populations including, but not limited to,
students at risk of not obtaining a high school diploma, re-enrolled
high school drop-outs, and students with academic skills below grade
level;
(iii) focusing on the academic achievement of middle school students
and preparing them for a successful transition to high school;
(iv)
utilizing
high-quality assessments designed to measure a
student's knowledge, understanding of, and ability to apply, critical
concepts through the use of a variety of item types and formats;
(v) increasing the acquisition, adoption, and use of local instructional improvement systems that provide teachers, principals, and admin-

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istrators with the information and resources they need to inform and
improve their instructional practices, decision-making, and overall
effectiveness;
(vi) partnering with low performing public schools in the area to
share best educational practices and innovations;
(vii) demonstrating the management and leadership techniques necessary
to overcome initial start-up problems to establish a thriving, financially viable charter school;
(viii) demonstrating the support of the school district in which the
proposed charter school will be located and the intent to establish an
ongoing relationship with such school district.
(d) No later than November first, two thousand ten, and of each
succeeding year, after a thorough review of applications received, the
board of trustees of the state university of New York shall recommend
for approval to the board of regents the qualified applications that it
has determined rigorously demonstrate the criteria and best satisfy the
objectives contained within a request for proposals, along with supporting documentation outlining such determination.
(e) Upon receipt of a proposed charter to be issued pursuant to this
subdivision submitted by a charter entity, the board of regents or the
board of trustees of the state university of New York, shall review,
recommend and issue, as applicable, such charters in accordance with the
standards established in this subdivision.
(f) The board of regents shall be the only entity authorized to issue
a charter pursuant to this article. The board of regents shall consider
applications submitted directly to the board of regents and applications
recommended by the board of trustees of the state university of New
York. Provided, however, that all such recommended applications shall be
deemed approved and issued pursuant to the provisions of subdivisions
five, five-a and five-b of this section.
(g) Each application submitted in response to a request for proposals
pursuant to this subdivision shall also meet the application requirements set out in this article and any other applicable laws, rules and
regulations.
(h) During the development of a request for proposals pursuant to this
subdivision the board of regents and the board of trustees of the state
university of New York shall each afford the public an opportunity to
submit comments and shall review and consider the comments raised by all
interested parties.
§ 3. Paragraph (b) of subdivision 2 of section 2854 of the education
law, as amended by chapter 101 of the laws of 2010, is amended to read
as follows:
(b) Any child who is qualified under the laws of this state for admission to a public school is qualified for admission to a charter school.
Applications for admission to a charter school shall be submitted on a
uniform application form created by the department and shall be made
available by a charter school in languages predominately spoken in the
community in which such charter school is located. The school shall
enroll each eligible student who submits a timely application by the
first day of April each year, unless the number of applications exceeds
the capacity of the grade level or building. In such cases, students
shall be accepted from among applicants by a random selection process,
provided, however, that an enrollment preference shall be provided to
pupils returning to the charter school in the second or any subsequent
year of operation and pupils residing in the school district in which
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in the charter school. ______________________________________________
Preference may also be provided to children of
________________________________________________________________________
employees of the charter school or charter management organization,
________________________________________________________________________
provided that such children of employees may constitute no more than
____________________________________________________________
fifteen percent of the charter school's total enrollment. The commissioner shall establish regulations to require that the random selection
process conducted pursuant to this paragraph be performed in a transparent and equitable manner and to require that the time and place of the
random selection process be publicized in a manner consistent with the
requirements of section one hundred four of the public officers law and
be open to the public. For the purposes of this paragraph and paragraph
(a) of this subdivision, the school district in which the charter school
is located shall mean, for the city school district of the city of New
York, the community district in which the charter school is located.
§ 4. This act shall take effect immediately.
SUBPART B
Section 1.
The sum of two
hundred
fifty
million
dollars
($250,000,000) is hereby appropriated to the state education department
out of any moneys in the state treasury in the general fund to the credit of the local assistance account, not otherwise appropriated, and made
immediately available, for reimbursement to non-public schools for prior
year expenses for performing state-mandated functions, including but not
limited to the comprehensive attendance policy program. Provided,
further, that up to twenty million dollars ($20,000,000) of the amount
appropriated herein shall be available to pay additional liabilities of
the comprehensive attendance policy program for the 2013-14 and 2014-15
school years. Notwithstanding any inconsistent provision of law, funds
appropriated herein shall be used for such reimbursement in accordance
with a methodology recommended by the commissioner of education to
address prior year expenses of non-public schools for such state-mandated functions. Such moneys shall be payable on the audit and warrant of
the comptroller on vouchers certified or approved by the director of the
budget as submitted by the commissioner of education in the manner
prescribed by law. Notwithstanding section 40 of the state finance law
or any provision of law to the contrary, this appropriation shall lapse
on March 31, 2017.
§ 2. This act shall take effect immediately.
SUBPART C
Section 1. Section 305 of the education law is amended by adding a new
subdivision 51-a to read as follows:
______________________________________________________________________
51-a. On or before June first, two thousand fifteen, and each year
________________________________________________________________________
thereafter, the commissioner shall release the test questions, test
________________________________________________________________________
answers, and corresponding correct answers from each of the most recent________________________________________________________________________
ly administered English language arts and mathematics examinations in
________________________________________________________________________
grades three through eight of that year. The commissioner may limit the
________________________________________________________________________
number of questions and answers released only to the extent necessary to
________________________________________________________________________
avoid hindering or impairing the validity and/or reliability of future
________________________________________________________________________
examinations and must provide enough of an overview of each examination
________________________________________________________________________
so that teachers, administrators, principals, parents and students can
________________________________________________________________________
be provided with sufficient feedback on the types of questions adminis________________________________________________________________________
tered and, by July first, two thousand fifteen, and each year thereaft________________________________________________________________________
er, the commissioner shall release the general student success rate in
___________________________________
answering such questions correctly.

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§
2. The sum of eight million four hundred thousand dollars
($8,400,000), or so much thereof as may be necessary, is hereby appropriated to the department of education out of any moneys in the state
treasury in the general fund to the credit of the state purposes
account, not otherwise appropriated, and made immediately available, for
the purpose of carrying out the provisions of subdivision 51-a of
section 305 of the education law, as added by section one of this act,
and in order to create and print more forms of state standardized
assessments in order to eliminate stand-alone multiple choice field
tests and release a significant amount of test questions. Such moneys
shall be payable on the audit and warrant of the comptroller on vouchers
certified or approved by the division of the budget as submitted by the
commissioner of education in the manner prescribed by law.
§ 3. Subparagraph 1 of paragraph a of subdivision 4 of section 3012-d
of the education law, as added by section 2 of subpart E of part EE of
chapter 56 of the laws of 2015, is amended to read as follows:
(1) For the first subcomponent, (A) for a teacher whose course ends in
a state-created or administered test for which there is a state-provided
growth model, such teacher shall have a state-provided growth score
based on such model,
_____________________________________________________
which shall take into consideration certain student
________________________________________________________________________
characteristics, as determined by the commissioner, including but not
________________________________________________________________________
limited to students with disabilities, poverty, English language learner
________________________________________________________________________
status and prior academic history and which shall identify educators
________________________________________________________________________
whose students' growth is well above or well below average compared to
________________________________________________________________________
similar students for a teacher's or principal's students after the
_____________________________________________________________
certain student characteristics above are taken into account; and (B)
for a teacher whose course does not end in a state-created or administered test such teacher shall have a student learning objective (SLO)
consistent with a goal-setting process determined or developed by the
commissioner, that results in a student growth score; provided that, for
any teacher whose course ends in a state-created or administered assessment for which there is no state-provided growth model, such assessment
must be used as the underlying assessment for such SLO;
§ 4. Section 305 of the education law is amended by adding two new
subdivisions 53 and 54 to read as follows:
______________________________________________________________________
53.
The commissioner is authorized and directed to establish a
________________________________________________________________________
content review committee for the purposes of reviewing all standardized
________________________________________________________________________
test items and/or selected passages used on English language arts and
________________________________________________________________________
mathematics state assessments for grades three through eight to ensure:
________________________________________________________________________
(a) they are grade level appropriate, in general; (b) they are presented
________________________________________________________________________
at a readability level that is grade-level appropriate; (c) they are
________________________________________________________________________
within grade-level expectations; and (d) they appropriately measure the
________________________________________________________________________
learning standards approved by the board of regents applicable to such
________________________________________________________________________
subject and/or grade level. The review of such items and passages shall
________________________________________________________________________
be conducted prior to their use in such assessments provided however,
________________________________________________________________________
for the two thousand fifteen--two thousand sixteen school year only, if
________________________________________________________________________
such requirement would prevent the ability of such assessments to be
________________________________________________________________________
administered, then items or passages that have not been reviewed may be
________________________________________________________________________
used. Provided further, the content review committee shall review any
________________________________________________________________________
new standardized test items and/or selected passages prior to their use
________________________________________________________________________
in such assessments. Such committee shall also ensure that any new test
________________________________________________________________________
items and/or selected passages are fair and appropriately measure the
________________________________________________________________________
learning standards approved by the board of regents applicable to such
________________________________________________________________________
subject and/or grade level.
Such committee shall also ensure that
________________________________________________________________________
adequate and appropriate time is given to students for the adminis________________________________________________________________________
tration of such assessments, provided however that subdivision forty-

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nine of this section must be complied with. The content review commit________________________________________________________________________
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________________________________________________________________________
content area and/or grade level of the items/passages being reviewed,
________________________________________________________________________
including teachers of students with disabilities and English language
_________
learners.
______________________________________________________________________
54. Notwithstanding any law, rule or regulation to the contrary, no
________________________________________________________________________
teacher, principal, or superintendent shall be required to sign a confi________________________________________________________________________
dentiality agreement with their respective school district, board of
________________________________________________________________________
cooperative educational services, or the department that prevents such
________________________________________________________________________
teacher, principal, or superintendent from discussing the contents of
________________________________________________________________________
any items on the English language arts and mathematics assessments in
________________________________________________________________________
grades three through eight after such items have been released by the
________________________________________________________________________
department pursuant to subdivision fifty-one-a of this section or after
________________________________________________________________________
such items have been publicly disclosed by the department or other
________________________________________________________________________
appropriate entity.
The commissioner shall amend and/or modify any
________________________________________________________________________
current confidentiality agreement inconsistent with this subdivision and
______________________________________________________________
shall promulgate regulations consistent with this subdivision.
§ 5. Notwithstanding any other provision of law, rule or regulation to
the contrary, any previously entered into contract by the education
department related to standardized test items and/or passages for use on
state assessments in grades three through eight shall be amended to
incorporate the provisions of section four of this act and any required
approval of such contract amendments by a state agency shall be expedited to ensure compliance with section four of this act.
§ 6. The commissioner of education shall conduct a comprehensive
review of the education standards administered by the state education
department and seek input from education stakeholders when conducting
such review. This review shall be completed on or before June 30, 2016,
provided however, such review may be extended upon a determination of
the commissioner if he or she feels more time is needed.
§ 7. This act shall take effect immediately; provided, however, that
nothing in this act shall prevent or impair the commissioner of education from complying with the provisions of section one of this act prior
to its effective date and provided further that the commissioner of
education shall have thirty days from such effective date to comply with
the provisions of section one of this act; and provided further that
section four of this act shall take effect December 1, 2015.
SUBPART D
Section 1. Section 34 of chapter 91 of the laws of 2002 amending the
education law and other laws relating to reorganization of the New York
city school construction authority, board of education and community
boards, as amended by chapter 345 of the laws of 2009, is amended to
read as follows:
§ 34. This act shall take effect July 1, 2002; provided, that sections
one through twenty, twenty-four, and twenty-six through thirty of this
act shall expire and be deemed repealed [June 30, 2015] _____________
June 30, 2016;
provided, further, that notwithstanding any provision of article 5 of
the general construction law, on [June 30, 2015] _____________
June 30, 2016 the
provisions of subdivisions 3, 5, and 8, paragraph b of subdivision 13,
subdivision 14, paragraphs b, d, and e of subdivision 15, and subdivisions 17 and 21 of section 2554 of the education law as repealed by
section three of this act, subdivision 1 of section 2590-b of the education law as repealed by section six of this act, paragraph (a) of subdivision 2 of section 2590-b of the education law as repealed by section

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seven of this act, section 2590-c of the education law as repealed by
section eight of this act, paragraph c of subdivision 2 of section
2590-d of the education law as repealed by section twenty-six of this
act, subdivision 1 of section 2590-e of the education law as repealed by
section twenty-seven of this act, subdivision 28 of section 2590-h of
the education law as repealed by section twenty-eight of this act,
subdivision 30 of section 2590-h of the education law as repealed by
section twenty-nine of this act, subdivision 30-a of section 2590-h of
the education law as repealed by section thirty of this act shall be
revived and be read as such provisions existed in law on the date immediately preceding the effective date of this act; provided, however,
that sections seven and eight of this act shall take effect on November
30, 2003; provided further that the amendments to subdivision 25 of
section 2554 of the education law made by section two of this act shall
be subject to the expiration and reversion of such subdivision pursuant
to section 12 of chapter 147 of the laws of 2001, as amended, when upon
such date the provisions of section four of this act shall take effect.
§ 2. Subdivision 12 of section 17 of chapter 345 of the laws of 2009
amending the education law and other laws relating to the New York city
board of education, chancellor, community councils, and community superintendents, is amended to read as follows:
12. any provision in sections one, two, three, four, five, six, seven,
eight, nine, ten and eleven of this act not otherwise set to expire
pursuant to section 34 of chapter 91 of the laws of 2002, as amended, or
section 17 of chapter 123 of the laws of 2003, as amended, shall expire
and be deemed repealed [June 30, 2015] _____________
June 30, 2016.
§ 3. This act shall take effect immediately.
SUBPART E
Section 1. Subdivision 2 of section 11 of the domestic relations law,
as amended by chapter 264 of the laws of 1996, is amended to read as
follows:
2. [A] ___________________________________
The current or a former governor, a mayor of a village, a county executive of a county, or a mayor, recorder, city magistrate, police
justice or police magistrate of a city, a former mayor or the city clerk
of a city of the first class of over one million inhabitants or any of
his or her deputies or not more than four regular clerks, designated by
him or her for such purpose as provided in section eleven-a of this
[chapter] _______
article, except that in cities which contain more than one
hundred thousand and less than one million inhabitants, a marriage shall
be solemnized by the mayor, or police justice, and by no other officer
of such city, except as provided in subdivisions one and three of this
section.
§ 2. This act shall take effect immediately.
§ 2. Severability clause. If any clause, sentence, paragraph, subdivision, section or part of this act shall be adjudged by any court of
competent jurisdiction to be invalid, such judgment shall not affect,
impair, or invalidate the remainder thereof, but shall be confined in
its operation to the clause, sentence, paragraph, subdivision, section
or part thereof directly involved in the controversy in which such judgment shall have been rendered. It is hereby declared to be the intent of
the legislature that this act would have been enacted even if such
invalid provisions had not been included herein.

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§ 3. This act shall take effect immediately provided, however, that
the applicable effective date of Subparts A through E of this act shall
be as specifically set forth in the last section of such Subparts.

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PART C

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Section 1. This act enacts into law major components of legislation in
relation to taxes. Each component is wholly contained within a Subpart
identified as Subparts A through H. The effective date for each particular provision contained within such Subpart is set forth in the last
section of such Subpart. Any provision in any section contained within a
Subpart, including the effective date of the Subpart, which makes a
reference to a section "of this act", when used in connection with that
particular component, shall be deemed to mean and refer to the corresponding section of the Subpart in which it is found. Section three of
this act sets forth the general effective date of this act.

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SUBPART A
Intentionally omitted.
SUBPART B
Section 1. Section 606 of the tax law is amended by adding a new
subsection (n-1) to read as follows:
______________________________________________________________________
(n-1) Property tax relief credit. (1) An individual taxpayer who meets
________________________________________________________________________
the eligibility standards in paragraph two of this subsection shall be
________________________________________________________________________
allowed a credit against the taxes imposed by this article in the amount
________________________________________________________________________
specified in paragraph three of this subsection for tax years two thou________________________________________________________________________
sand sixteen, two thousand seventeen, two thousand eighteen, and two
__________________
thousand nineteen.
______________________________________________________________________
(2) (a) To be eligible for the credit, the taxpayer (or taxpayers
________________________________________________________________________
filing joint returns) on the personal income tax return filed for the
________________________________________________________________________
taxable year two years prior, must have (i) been a resident, (ii) owned
________________________________________________________________________
and primarily resided in real property receiving the STAR exemption
________________________________________________________________________
authorized by section four hundred twenty-five of the real property tax
________________________________________________________________________
law, and (iii) had qualified gross income no greater than two hundred
________________________________________________________________________
seventy-five thousand dollars. Provided, however, that no credit shall
_________________________________________
be allowed if any of the following apply:
______________________________________________________________________
(i) Such property is located in an independent school district that is
________________________________________________________________________
subject to the provisions of section two thousand twenty-three-a of the
________________________________________________________________________
education law and that has adopted a budget in excess of the tax levy
________________________________________________________________________
limit prescribed by that section. To render its taxpayers eligible for
________________________________________________________________________
the credit authorized by this subsection, the school district must
________________________________________________________________________
certify its compliance with such tax levy limit in the manner prescribed
________________________________________________________________________
by subdivision two of section two thousand twenty-three-b of the educa_________
tion law.
______________________________________________________________________
(ii) Such property is located in a city with a dependent school
________________________________________________________________________
district that is subject to the provisions of section three-c of the
________________________________________________________________________
general municipal law and that has adopted a budget in excess of the tax
________________________________________________________________________
levy limit prescribed by that section. To render its taxpayers eligible
________________________________________________________________________
for the credit authorized by this subsection, the city must certify its
________________________________________________________________________
compliance with such tax levy limit in the manner prescribed by subdivi_________________________________________________________
sion two of section three-d of the general municipal law.
_______________________________________________________
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(3) Amount of credit. (a) For the two thousand sixteen taxable year
________________________________________________________________________
(i) for a taxpayer residing in real property located within the metro________________________________________________________________________
politan commuter transportation district (MCTD) and outside the city of
________________________________________________________________________
New York, the amount of the credit shall be $130; (ii) for a taxpayer
________________________________________________________________________
residing in real property located outside the MCTD, the amount of the
_____________________
credit shall be $185.
______________________________________________________________________
(b) For the two thousand seventeen, two thousand eighteen and two
________________________________________________________________________
thousand nineteen taxable years (i) For a taxpayer who owned and prima________________________________________________________________________
rily resided in real property receiving the basic STAR exemption, the
________________________________________________________________________
amount of the credit shall equal the STAR tax savings associated with
__________________________________________________________________
such basic STAR exemption, multiplied by the following percentage:
________________________________________________
(A) for the two thousand seventeen taxable year:
______________________
Qualified Gross Income
__________
Percentage
________________
Not over $75,000
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28%
__________________________________
Over $75,000 but not over $150,000
_____
20.5%
___________________________________
Over $150,000 but not over $200,000
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13%
___________________________________
Over $200,000 but not over $275,000
____
5.5%
_____________
Over $275,000
_________
No credit
_______________________________________________
(B) for the two thousand eighteen taxable year:
______________________
Qualified Gross Income
__________
Percentage
________________
Not over $75,000
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60%
__________________________________
Over $75,000 but not over $150,000
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42.5%
___________________________________
Over $150,000 but not over $200,000
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25%
___________________________________
Over $200,000 but not over $275,000
____
7.5%
_____________
Over $275,000
_________
No credit
_______________________________________________
(C) for the two thousand nineteen taxable year:
______________________
Qualified Gross Income
__________
Percentage
________________
Not over $75,000
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85%
__________________________________
Over $75,000 but not over $150,000
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60%
___________________________________
Over $150,000 but not over $200,000
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35%
___________________________________
Over $200,000 but not over $275,000
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10%
_____________
Over $275,000
_________
No credit
______________________________________________________________________
(c) For a taxpayer who owned and primarily resided in real property
________________________________________________________________________
receiving the enhanced STAR exemption, the amount of the credit shall
________________________________________________________________________
equal the STAR tax savings associated with such enhanced STAR exemption,
_______________________________________
multiplied by the following percentage:
____________
Taxable Year
__________
Percentage
______________________
two thousand seventeen
___
12%
_____________________
two thousand eighteen
___
26%
_____________________
two thousand nineteen
___
34%
______________________________________________________________________
(d) In no case may the amount of the credit allowed under this
________________________________________________________________________
subsection exceed the school district taxes due with respect to the
_______________________________
residence for that school year.
____________________________________
(4) For purposes of this subsection:
______________________________________________________________________
(a) "Qualified gross income" means the adjusted gross income of the
________________________________________________________________________
qualified taxpayer for the taxable year as reported for federal income
________________________________________________________________________
tax purposes, or which would be reported as adjusted gross income if a
________________________________________________________________________
federal income tax return were required to be filed. In computing quali________________________________________________________________________
fied gross income, the net amount of loss reported on Federal Schedule
________________________________________________________________________
C, D, E, or F shall not exceed three thousand dollars per schedule. In
________________________________________________________________________
addition, the net amount of any other separate category of loss shall
________________________________________________________________________
not exceed three thousand dollars. The aggregate amount of all losses
________________________________________________________________________
included in computing qualified gross income shall not exceed fifteen
_________________
thousand dollars.
______________________________________________________________________
(b) "STAR tax savings" means the tax savings attributable to the basic
________________________________________________________________________
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a school district, as determined by the commissioner pursuant to subdi________________________________________________________________________
vision two of section thirteen hundred six-a of the real property tax
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______________________________________________________________________
(c) "Metropolitan commuter transportation district" or "MCTD" means
________________________________________________________________________
the metropolitan commuter transportation district as defined in section
_______________________________________________________
twelve hundred sixty-two of the public authorities law.
______________________________________________________________________
(5) If the amount of the credit allowed under this subsection shall
________________________________________________________________________
exceed the taxpayer's tax for the taxable year, the excess shall be
________________________________________________________________________
treated as an overpayment of tax to be credited or refunded in accord________________________________________________________________________
ance with the provisions of section six hundred eighty-six of this arti________________________________________________________________________
cle, provided, however, that no interest shall be paid thereon. For each
________________________________________________________________________
year this credit is allowed, on or before October fifteenth of such
________________________________________________________________________
year, or as soon thereafter as is practicable, the commissioner shall
________________________________________________________________________
determine the taxpayer's eligibility for this credit utilizing the
________________________________________________________________________
information available to the commissioner on the taxpayer's personal
________________________________________________________________________
income tax return filed for the taxable year two years prior to the
________________________________________________________________________
taxable year in which the credit is allowed. For those taxpayers whom
________________________________________________________________________
the commissioner has determined eligible for this credit, the commis________________________________________________________________________
sioner shall advance a payment in the amount specified in paragraph
________________________________________________________________________
three of this subsection, which payment shall be issued, to the greatest
________________________________________________________________________
extent practicable, by October thirty-first of each year the credit is
________________________________________________________________________
allowed.
A taxpayer who has failed to receive an advance payment that
________________________________________________________________________
he or she believes was due to him or her, or who has received an advance
________________________________________________________________________
payment that he or she believes is less than the amount that was due to
________________________________________________________________________
him or her, may request payment of the claimed deficiency in a manner
_______________________________
prescribed by the commissioner.
______________________________________________________________________
(6) A taxpayer shall not be eligible for the credit allowed under this
________________________________________________________________________
subsection if the school district taxes levied upon the residence during
________________________________________________________________________
the taxable year remain unpaid sixty days after the last date on which
________________________________________________________________________
they could have been paid without interest, or in the case of a school
________________________________________________________________________
district where such taxes are payable in installments, if such taxes
________________________________________________________________________
remain unpaid sixty days after the last date on which the final install________________________________________________________________________
ment could have been paid without interest. If the taxes remain unpaid
________________________________________________________________________
on such sixtieth day, the amount of credit claimed by the taxpayer under
________________________________________________________________________
this subsection or the amount of advance payment of credit received by
________________________________________________________________________
the taxpayer pursuant to paragraph five of this subsection shall be
________________________________________________________________________
added back as tax on the income tax return for the taxable year in which
_________________________
such sixtieth day occurs.
______________________________________________________________________
(7) Only one credit per residence shall be allowed per taxable year
________________________________________________________________________
under this subsection. When two or more members of a residence are able
________________________________________________________________________
to meet the qualifications for a qualified taxpayer, the credit shall be
________________________________________________________________________
equally divided between or among such individuals. In the case of spous________________________________________________________________________
es who file a joint federal return but who are required to determine
________________________________________________________________________
their New York taxes separately, the credit allowed pursuant to this
________________________________________________________________________
subsection may be applied against the tax of either or divided between
_______________________
them as they may elect.
§ 2. Section 3 of part K of chapter 59 of the laws of 2014, amending
the tax law relating to providing an enhanced real property tax circuit
breaker, is amended to read as follows:
§ 3. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2014 and shall expire and be
deemed repealed January 1, [2016] ____
2020.
§ 3. This act shall take effect immediately.
SUBPART C

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Section 1. Paragraph c of subdivision 2 of section 2023-a of the
education law, as added by section 2 of part A of chapter 97 of the laws
of 2011, is amended to read as follows:
c. "Capital local expenditures" means the taxes associated with budgeted expenditures resulting from the financing, refinancing, acquisition, design, construction, reconstruction, rehabilitation, improvement,
furnishing and equipping of, or otherwise providing for school district
capital facilities or school district capital equipment, including debt
service and lease expenditures, and transportation capital debt service,
subject to the approval of the qualified voters where required by law.
________________________________________________________________________
The commissioner of taxation and finance shall, as appropriate, promul________________________________________________________________________
gate rules and regulations which may provide for adjustment of capital
________________________________________________________________________
local expenditures to reflect a school district's share of additional
________________________________________________________________________
budgeted capital expenditures made by a board of cooperative educational
_________
services.
§ 2. Subparagraph (i) of paragraph (b) of subdivision 3 of section 3-c
of the general municipal law, as added by section 1 of part A of chapter
97 of the laws of 2011, is amended to read as follows:
(i) The commissioner of taxation and finance shall calculate a quantity change factor for each local government for the coming fiscal year
based upon the physical or quantity change, as defined by section twelve
hundred twenty of the real property tax law, reported to the commissioner of taxation and finance by the assessor or assessors pursuant to
section five hundred seventy-five of the real property tax law. The
quantity change factor shall show the percentage by which the full value
of the taxable real property in the local government has changed due to
physical or quantity change between the second final assessment roll or
rolls preceding the final assessment roll or rolls upon which taxes are
to be levied, and the final assessment roll or rolls immediately preceding the final assessment roll or rolls upon which taxes are to be
levied. _______________________________________________________________
The commissioner of taxation and finance shall, as appropriate,
________________________________________________________________________
promulgate rules and regulations regarding the calculation of the quan________________________________________________________________________
tity change factor which may adjust the calculation based on the devel__________________________
opment on tax exempt land.
§ 3. Paragraph b of subdivision 2-a of section 2023-a of the education
law, as added by section 2 of part A of chapter 97 of the laws of 2011,
is amended to read as follows:
b. The commissioner of taxation and finance shall calculate a quantity
change factor for the coming school year for each school district based
upon the physical or quantity change, as defined by section twelve
hundred twenty of the real property tax law, reported to the commissioner of taxation and finance by the assessor or assessors pursuant to
section five hundred seventy-five of the real property tax law. The
quantity change factor shall show the percentage by which the full value
of the taxable real property in the school district has changed due to
physical or quantity change between the second final assessment roll or
rolls preceding the final assessment roll or rolls upon which taxes are
to be levied, and the final assessment roll or rolls immediately preceding the final assessment roll or rolls upon which taxes are to be
levied. _______________________________________________________________
The commissioner of taxation and finance shall, as appropriate,
________________________________________________________________________
promulgate rules and regulations regarding the calculation of the quan________________________________________________________________________
tity change factor which may adjust the calculation based on the devel__________________________
opment on tax exempt land.
§ 4. Severability clause. If an amendment made by section two or
section three of this act or their application to any person, legal
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diction, the remainder of this act or the application of such amendment
to other persons, legal entities or circumstances shall not be affected.
§ 5. This act shall take effect immediately; provided, however, that
sections one and three of this act shall first apply to school district
budgets and the budget adoption process for the 2016-17 school year;
provided, further, that section two of this act shall first apply to the
levy of taxes by local governments for the fiscal year that begins in
2016; provided, further, that the amendments to paragraph c of subdivision 2 and paragraph b of subdivision 2-a of section 2023-a of the
education law made by sections one and three of this act shall not
affect the repeal of such section and shall be deemed repealed therewith; provided, further, that the amendments to subparagraph (i) of
paragraph (b) of subdivision 3 of section 3-c of the general municipal
law made by section two of this act shall not affect the repeal of such
section and shall be deemed repealed therewith.
SUBPART D
Section 1. Clause 2 of subparagraph (i) of the opening paragraph of
section 1210 of the tax law, as amended by chapter 136 of the laws of
2013, is amended to read as follows:
(2) the county of Nassau is hereby further authorized and empowered to
adopt and amend local laws, ordinances or resolutions imposing such
taxes at a rate which is three-quarters percent additional to the three
percent rate authorized above in this paragraph for such county for the
period beginning January first, nineteen hundred eighty-six and ending
November thirtieth, two thousand [fifteen] _________
seventeen, subject to the
limitation set forth in section twelve hundred sixty-two-e of this article, and also at a rate which is one-half percent additional to the
three percent rate authorized above in this paragraph, and which is also
additional to the three-quarters percent rate also authorized above in
this clause for such county, for the period beginning September first,
nineteen hundred ninety-one and ending November thirtieth, two thousand
[fifteen] _________
seventeen;
§ 2. Section 1262-e of the tax law, as amended by chapter 136 of the
laws of 2013, is amended to read as follows:
§ 1262-e. Establishment of local government assistance programs in
Nassau county. 1. Towns and cities. Notwithstanding any other provision
of law to the contrary, for the calendar year beginning on January
first, nineteen hundred ninety-eight and continuing through the calendar
year beginning on January first, two thousand [fifteen] _________
seventeen, the
county of Nassau shall enact and establish a local government assistance
program for the towns and cities within such county to assist such towns
and cities to minimize real property taxes; defray the cost and expense
of the treatment, collection, management, disposal, and transportation
of municipal solid waste, and to comply with the provisions of chapter
two hundred ninety-nine of the laws of nineteen hundred eighty-three;
and defray the cost of maintaining conservation and environmental
control programs. Such special assistance program for the towns and
cities within such county and the funding for such program shall equal
one-third of the revenues received by such county from the imposition of
the three-quarters percent sales and use tax during calendar years two
thousand one, two thousand two, two thousand three, two thousand four,
two thousand five, two thousand six, two thousand seven, two thousand
eight, two thousand nine, two thousand ten, two thousand eleven, two
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thousand fifteen,
__________________________________________________
two thousand sixteen, and two thousand seventeen additional to the regular three percent rate authorized for such county in
section twelve hundred ten of this article. The monies for such special
local assistance shall be paid and distributed to the towns and cities
on a per capita basis using the population figures in the latest decennial federal census.
Provided further, that notwithstanding any other
law to the contrary, the establishment of such special assistance
program shall preclude any city or town within such county from preempting or claiming under any other section of this chapter the revenues
derived from the additional tax authorized by section twelve hundred ten
of this article. Provided further, that any such town or towns may, by
resolution of the town board, apportion all or a part of monies received
in such special assistance program to an improvement district or special
district account within such town or towns in order to accomplish the
purposes of this special assistance program.
2. Villages. Notwithstanding any other provision of law to the contrary, for the calendar year beginning on January first, nineteen hundred
ninety-eight and continuing through the calendar year beginning on January first, two thousand [fifteen] _________
seventeen, the county of Nassau, by
local law, is hereby empowered to enact and establish a local government
assistance program for the villages within such county to assist such
villages to minimize real property taxes; defray the cost and expense of
the treatment, collection, management, disposal, and transportation of
municipal solid waste; and defray the cost of maintaining conservation
and environmental control programs. The funding of such local assistance
program for the villages within such county may be provided by Nassau
county during any calendar year in which such village local assistance
program is in effect and shall not exceed one-sixth of the revenues
received from the imposition of the three-quarters percent sales and use
tax that are remaining after the towns and cities have received their
funding pursuant to the provisions of subdivision one of this section.
The funding for such village local assistance program shall be paid and
distributed to the villages on a per capita basis using the population
figures in the latest decennial federal census. Provided further, that
the establishment of such village local assistance program shall
preclude any village within such county from preempting or claiming
under any other section of this chapter the revenues derived from the
additional tax authorized by section twelve hundred ten of this article.
§ 3. This act shall take effect immediately.
SUBPART E
Section 1. Section 1202 of the tax law is amended by adding a new
subdivision (g) to read as follows:
______________________________________________________________________
(g) The county of Suffolk, in imposing taxes of the type authorized
________________________________________________________________________
under subdivision (e) of section twelve hundred one of this subpart, may
________________________________________________________________________
impose taxes on the use of passenger motor vehicles of a type commonly
________________________________________________________________________
used for non-commercial purposes owned by residents of the county at a
________________________________________________________________________
rate per annum for each such vehicle of not in excess of fifteen dollars
________________________________________________________________________
if such vehicle weighs thirty-five hundred pounds or less and not in
________________________________________________________________________
excess of thirty dollars per annum if such vehicle weighs more than
________________________________________________________________________
thirty-five hundred pounds; and taxes on the use of trucks, buses and
________________________________________________________________________
other such commercial motor vehicles used principally in connection with
________________________________________________________________________
a business carried on within the county, except when owned and used in
________________________________________________________________________
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________________________________________________________________________
at a rate per annum for each such vehicle of not in excess of thirty
________
dollars.
§ 2. Subparagraph (ii) of paragraph (d) of subdivision 6 of section
401 of the vehicle and traffic law, as amended by chapter 34 of the laws
of 2004, is amended to read as follows:
(ii) In addition to the other fees provided for in this section, the
commissioner shall, upon the application for the registration of a motor
vehicle or the renewal thereof, collect the tax of the type authorized
under subdivision (e) of section twelve hundred one of the tax law, if a
county, pursuant to subdivision (c), (e) [or],
_ (f) _______
or (g) of section
twelve hundred two of such law, enacts a local law, ordinance or resolution providing for the collection of such tax by the commissioner and
enters into the required agreement relating thereto.
§ 3. This act shall take effect immediately.
SUBPART F
Section 1. Notwithstanding any other provision of law, and in addition
to the powers currently authorized to be exercised by the state of New
York municipal bond bank agency, the state of New York municipal bond
bank agency may provide, for purposes of municipal relief to the city of
Yonkers to support public schools in the city, a sum not to exceed
$25,000,000 for the city fiscal year ending June 30, 2016, to the city
of Yonkers. Notwithstanding any other provision of law, and subject to
the approval of the New York state director of the budget, the state of
New York mortgage agency shall transfer to the state of New York municipal bond bank agency for distribution as municipal relief to the city of
Yonkers, a total sum not to exceed $25,000,000, such transfer to be made
from (i) the special account of the mortgage insurance fund created
pursuant to section 2429-b of the public authorities law, in an amount
not to exceed the actual excess balance in the special account of the
mortgage insurance fund, as determined and certified by the state of New
York mortgage agency for the fiscal year 2015-2016 in accordance with
section 2429-b of the public authorities law, if any, and/or (ii)
provided that the reserves in the project pool insurance account of the
mortgage insurance fund created pursuant to section 2429-b of the public
authorities law are sufficient to attain and maintain the credit rating
(as determined by the agency) required to accomplish the purposes of
such account, the project pool insurance account of the mortgage insurance fund created pursuant to section 2429-b of the public authorities
law, such transfer to be made as soon as practicable after July 1, 2015
but no later than June 30, 2016 provided, however, that no such transfer
is to be made unless and until the city of Yonkers submits a comprehensive financial plan that provides for continuity of current educational
services and provided further that such plan is subject to the approval
of the director of the budget. Notwithstanding any provision of law to
the contrary, payments made to the city of Yonkers pursuant to this act
shall not be considered when determining the "city amount" required
pursuant to subparagraph (ii) of paragraph (a) of subdivision 5-b of
section 2576 of the education law.
SUBPART G
Section 1. The sum of six million dollars ($6,000,000) is hereby
appropriated out of any moneys in the state treasury in the general fund
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ated, and made available for services and expenses of the city of
Rochester which may include support for the Rochester/Monroe anti poverty initiative. Such moneys shall be payable on the audit and warrant of
the comptroller on vouchers certified or approved by the director of the
budget.
§ 2. This act shall take effect immediately.

7

SUBPART H

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Section 1. Contingent upon available funding, and not to exceed
$19,000,000, moneys from the urban development corporation shall be
available for a municipal corporation or school district, as determined
by the urban development corporation, where (i) a fossil fuel electric
generating facility located within such municipal corporation or school
district has permanently ceased operations, and (ii) the closing of such
facility has caused a reduction in the tax collections and receipts from
payments in lieu of taxes of at least 20%, or any judicial determination
concerning a fossil fuel electric generating facility, has caused a
reduction in the tax collections and receipts from payments in lieu of
taxes of at least 20%; provided, however, that the urban development
corporation shall not provide assistance to a municipal corporation or
school district for more than five years, and shall not award in the
first year more than eighty percent of the loss of revenues from property tax and payments in lieu of taxes due to the closure of such facility. The total amount awarded from this program shall not exceed
$19,000,000.
§ 2. Notwithstanding any provision of law to the contrary, as deemed
feasible and advisable by its trustees, the New York state energy
research and development authority is authorized and directed to (i)
make a contribution to the Urban Development Corporation, or as otherwise directed in writing by the director of the budget, in an amount not
to exceed $19,000,000 for the state fiscal year commencing April 1,
2016.
§ 3. Notwithstanding any provision of law to the contrary, as deemed
feasible and advisable by its trustees, the power authority of the state
of New York is authorized and directed to make a contribution to the
state treasury to the credit of the general fund, or as otherwise
directed in writing by the director of the budget, in an amount of up to
$6,000,000 for the state fiscal year commencing April 1, 2015. Such
contribution shall be in addition to other contributions otherwise
enacted in law.
§ 4. This act shall take effect immediately and shall expire and be
deemed repealed by July 1, 2025.
§ 2. Severability clause. If any clause, sentence, paragraph, subdivision, section or part of this act shall be adjudged by any court of
competent jurisdiction to be invalid, such judgment shall not affect,
impair, or invalidate the remainder thereof, but shall be confined in
its operation to the clause, sentence, paragraph, subdivision, section
or part thereof directly involved in the controversy in which such judgment shall have been rendered. It is hereby declared to be the intent of
the legislature that this act would have been enacted even if such
invalid provisions had not been included herein.
§ 3. This act shall take effect immediately provided, however, that
the applicable effective date of Subparts A through H of this act shall
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§ 2. Severability clause. If any clause, sentence, paragraph, subdivision, section or part of this act shall be adjudged by any court of
competent jurisdiction to be invalid, such judgment shall not affect,
impair, or invalidate the remainder thereof, but shall be confined in
its operation to the clause, sentence, paragraph, subdivision, section
or part thereof directly involved in the controversy in which such judgment shall have been rendered. It is hereby declared to be the intent of
the legislature that this act would have been enacted even if such
invalid provisions had not been included herein.
§ 3. This act shall take effect immediately provided, however, that
the applicable effective date of Parts A through C of this act shall be
as specifically set forth in the last section of such Parts.

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