New York A 3284: Establishes a tax on certain vacant residential properties in the city of New York

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A03284 Summary:

BILL NOA03284 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORBores

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §1201-f, Tax L

&nbsp

Establishes a tax on certain vacant residential properties in the city of New York; provides exemptions for certain vacant properties.

Go to top A03284 Actions:

BILL NOA03284 

&nbsp

01/27/2025referred to ways and means

01/07/2026referred to ways and means

Go to topA03284 Committee&nbspVotes:

Go to topA03284 Floor&nbspVotes:

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

Go to topA03284 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3284

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 27, 2025
 ___________

 Introduced by M. of A. BORES -- read once and referred to the Committee
 on Ways and Means

 AN ACT to amend the tax law, in relation to enabling any city having a
 population of one million or more to impose and collect taxes on
 vacant residential property

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

 1 Section 1. The tax law is amended by adding a new section 1201-f to
 2 read as follows:
 3 § 1201-f. Vacancy tax. (a) Notwithstanding any other provision of law
 4 to the contrary, any city having a population of one million or more is
 5 hereby authorized and empowered to adopt and amend local laws imposing
 6 in any such city a tax such as the legislature has or would have the
 7 power and authority to impose on any residential property which has been
 8 vacant for a period of not less than one hundred eighty days or which is
 9 not the primary residence of any individual. The tax on such vacant
 10 residential property shall be one and one-half percent of the assessed
 11 property value for the first two years of such vacancy and three percent
 12 of the assessed property value after two years of such vacancy.
 13 (b) Vacancies shall be automatically presumed except where a tax
 14 filing corresponds to an address or, for tax non-filers, upon submission
 15 of an exemption request to the department of revenue of such city.
 16 Exemptions shall require the submission of other, non-tax filing,
 17 documentation of residency at the address for the duration required
 18 including bills, bank statements, pay stubs, a notarized lease, a letter
 19 from the landlord, or an insurance policy.
 20 (c) The following properties shall be exempt from the vacancy tax
 21 established pursuant to subdivision (a) of this section:
 22 (i) properties built within the previous year;
 23 (ii) properties where a registered owner died in the previous year;

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04193-01-5

 A. 3284 2

 1 (iii) properties undergoing renovation, provided that the permit for
 2 such renovations has been filed with the city for the year the property
 3 is vacant; and
 4 (iv) properties where the previous occupants have been moved to a
 5 hospital or long term or supportive care facility and where there is an
 6 expectation that such occupants may be able to return to such property.
 7 (d) Any such local law may provide for exclusions or exemptions from
 8 such tax other than those specified in this section.
 9 (e) Such tax may be imposed, administered, collected and enforced by
 10 the commissioner of finance of such city by such means and in such
 11 manner as other taxes that are now imposed, administered, collected and
 12 enforced by such commissioner in accordance with the charter or adminis-
 13 trative code of any such city or as otherwise may be provided by any
 14 such local law.
 15 (f) In the case of a willfully false or fraudulent return with intent
 16 to evade the tax, an additional fee of two percent of the market value
 17 of the property.
 18 (g) Revenues resulting from the imposition of tax authorized by this
 19 section shall be paid into the treasury of any such city and shall be
 20 credited to and deposited in the general fund of any such city for the
 21 purpose of the creation of a tax credit for properties within such city
 22 that do not pay a vacancy tax. The amount of such credit shall be deter-
 23 mined by the department of taxation within such city and shall be based
 24 upon the