New York A 1655: Provides a partial tax abatement to owners of property who lease units at less than the fair market rental value

Bill Text

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A01655 Summary:

BILL NOA01655 

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SAME ASSAME AS S06801

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SPONSORRosenthal (MS)

&nbsp

COSPNSRSeawright, Stirpe, Carroll R, Colton, Epstein, Taylor, Simon, Benedetto, Glick, Dinowitz,
 Magnarelli, Walker, Davila, Gallagher, Gonzalez-Rojas, Zinerman, Bichotte Hermelyn

&nbsp

MLTSPNSRCook

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Amd §26, Mult Dwell L

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Relates to the definition of floor area and what is excluded in the measurement of floor area.

Go to top A01655 Actions:

BILL NOA01655 

&nbsp

01/10/2025referred to housing

01/07/2026referred to housing

Go to topA01655 Committee&nbspVotes:

Go to topA01655 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA01655 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1655

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 10, 2025
 ___________

 Introduced by M. of A. ROSENTHAL, SEAWRIGHT, STIRPE, R. CARROLL, COLTON,
 EPSTEIN, TAYLOR, SIMON, BENEDETTO, GLICK, DINOWITZ, MAGNARELLI, WALK-
 ER, DAVILA, GALLAGHER, GONZALEZ-ROJAS, ZINERMAN, BICHOTTE HERMELYN --
 Multi-Sponsored by -- M. of A. COOK -- read once and referred to the
 Committee on Housing

 AN ACT to amend the multiple dwelling law, in relation to the definition
 of floor area

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The opening paragraph and paragraph b of subdivision 2 of
 2 section 26 of the multiple dwelling law, the opening paragraph and para-
 3 graph b as amended by chapter 748 of the laws of 1961 and subparagraph 1
 4 of paragraph b as amended by chapter 857 of the laws of 1985, are
 5 amended to read as follows:
 6 For the purpose of this section certain words are defined herein but,
 7 except where specified, such definitions shall not be held to modify or
 8 affect legal interpretations of such terms or words as used in any local
 9 law, ordinance, rule or regulation and shall apply in addition to and
 10 not in substitution for the provisions of section four of this chapter.
 11 b. "Floor area": the sum of the gross horizontal areas of all of the
 12 several floors of a dwelling or dwellings and accessory structures on a
 13 lot measured from the exterior faces of exterior walls or from the
 14 center line of party walls, (i) except that notwithstanding any other
 15 provision of law, general, special, or local, any such areas with floor
 16 to structural ceiling height greater than twelve feet and less than or
 17 equal to twenty-four feet shall be counted twice, any such areas with
 18 floor to structural ceiling height greater than twenty-four feet and
 19 less than or equal to thirty-six feet shall be counted three times, any
 20 such areas with floor to structural ceiling height greater than thirty-
 21 six feet and less than or equal to forty-eight feet shall be counted
 22 four times, and any area with floor to structural ceiling height in

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04414-01-5

 A. 1655 2

 1 excess of forty-eight feet shall be counted five times. However, when
 2 such areas are on the ground floor of any dwelling or dwellings, their
 3 height up to and including twenty feet from floor to structural ceiling
 4 shall be counted only once.
 5 (ii) Notwithstanding any other provision of law, general, special, or
 6 local, space used for mechanical equipment will be counted as "floor
 7 area" to the extent that it exceeds five percent of the gross horizontal
 8 areas of all of the several floors of a dwelling or dwellings.
 9 (iii) Notwithstanding any other provision of law, general, special, or
 10 local, "floor area" will include any open areas located under the dwell-
 11 ing or dwellings when viewed directly from above. Such areas will be
 12 measured from the exterior faces of vertical extensions of the exterior
 13 walls of the building that inscribe the open space so covered by the
 14 dwelling or dwellings. Such open areas covered by buildings with floor
 15 to structural ceiling height in excess of twelve feet shall be counted
 16 twice, open areas covered by buildings with floor to structural ceiling
 17 height in excess of twenty-four feet shall be counted three times, open
 18 areas covered by b