New York S 3813: Establishes daylight saving time as the year-round standard time of the state and the city of New York

Bill Text

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S03813 Summary:

BILL NOS03813 

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SAME ASSAME AS A07214

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SPONSORRIVERA

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COSPNSR

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MLTSPNSR

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Amd §§26-405 & 26-511, NYC Ad Cd; amd §4, Emerg Ten Prot Act of 1974; amd §4, Emerg Hous Rent Cont L

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Limits the amount of time to submit supporting documentation for major capital improvements; sets such time at one hundred and twenty days.

Go to top S03813 Actions:

BILL NOS03813 

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01/30/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

01/07/2026REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Go to topS03813 Committee&nbspVotes:

Go to topS03813 Floor&nbspVotes:

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

Go to topS03813 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3813

 2025-2026 Regular Sessions

 IN SENATE

 January 30, 2025
 ___________

 Introduced by Sen. RIVERA -- read twice and ordered printed, and when
 printed to be committed to the Committee on Housing, Construction and
 Community Development

 AN ACT to amend the administrative code of the city of New York, the
 emergency tenant protection act of nineteen seventy-four and the emer-
 gency housing rent control law, in relation to the amount of time to
 submit supporting documentation for major capital improvements

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

 1 Section 1. Paragraph 1 of subdivision g of section 26-405 of the
 2 administrative code of the city of New York is amended by adding a new
 3 subparagraph (g-1) to read as follows:
 4 (g-1) No increase for major capital improvements shall be granted to
 5 any landlord or property owner, unless an application including all
 6 necessary documentation are submitted within one hundred twenty days
 7 after the completion of the new installation or improvement or improve-
 8 ments; or
 9 § 2. Paragraph 6 of subdivision c of section 26-511 of the administra-
 10 tive code of the city of New York, as separately amended by section 12
 11 of part K of chapter 36 and section 28 of part Q of chapter 39 of the
 12 laws of 2019, is amended to read as follows:
 13 (6) provides criteria whereby the commissioner may act upon applica-
 14 tions by owners for increases in excess of the level of fair rent
 15 increase established under this law provided, however, that such crite-
 16 ria shall provide (a) as to hardship applications, for a finding that
 17 the level of fair rent increase is not sufficient to enable the owner to
 18 maintain approximately the same average annual net income (which shall
 19 be computed without regard to debt service, financing costs or manage-
 20 ment fees) for the three year period ending on or within six months of
 21 the date of an application pursuant to such criteria as compared with
 22 annual net income, which prevailed on the average over the period nine-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07253-01-5

 S. 3813 2

 1 teen hundred sixty-eight through nineteen hundred seventy, or for the
 2 first three years of operation if the building was completed since nine-
 3 teen hundred sixty-eight or for the first three fiscal years after a
 4 transfer of title to a new owner provided the new owner can establish to
 5 the satisfaction of the commissioner that [he or she] such owner
 6 acquired title to the building as a result of a bona fide sale of the
 7 entire building and that the new owner is unable to obtain requisite
 8 records for the fiscal years nineteen hundred sixty-eight through nine-
 9 teen hundred seventy despite diligent efforts to obtain same from prede-
 10 cessors in title and further provided that the new owner can provide
 11 financial data covering a minimum of six years under [his or her] their
 12 continuous and uninterrupted operation of the building to meet the three
 13 year to three year comparative test periods herein provided; and (b) as
 14 to completed building-wide major capital improvements, for a finding
 15 that such improvements are deemed depreciable under the Internal Revenue
 16 Code and that the cost is to be amortized over a twelve-year period for
 17 a building with thirty-five or fewer housing accom