New York A 1496: Requires day care providers to escrow security deposits exceeding the value of two weeks of provided services

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 
A01496 Summary:

BILL NOA01496 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORRosenthal

&nbsp

COSPNSRRaga

&nbsp

MLTSPNSR

&nbsp

Amd §11-243, NYC Ad Cd

&nbsp

Relates to waivers of rent adjustments attributable to major capital improvements.

Go to top A01496 Actions:

BILL NOA01496 

&nbsp

01/10/2025referred to housing

01/07/2026referred to housing

Go to topA01496 Committee&nbspVotes:

Go to topA01496 Floor&nbspVotes:

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

Go to topA01496 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1496

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 10, 2025
 ___________

 Introduced by M. of A. ROSENTHAL, RAGA -- read once and referred to the
 Committee on Housing

 AN ACT to amend the administrative code of the city of New York, in
 relation to waivers of rent adjustments

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

 1 Section 1. Subdivision dd of section 11-243 of the administrative code
 2 of the city of New York, as added by local law number 41 of the city of
 3 New York for the year 1988, is amended to read as follows:
 4 dd. [Partial waiver] Waiver of rent adjustments attributable to major
 5 capital improvements. (1) The provisions of this subdivision apply to
 6 and are additional requirements for claiming or receiving any tax abate-
 7 ment under this section, except as provided in paragraphs three and four
 8 of this subdivision.
 9 (2) The owner of the property shall file with the department of hous-
 10 ing preservation and development, on the date any application for bene-
 11 fits is made, a declaration stating that in consideration of any tax
 12 abatement benefits which may be received pursuant to such application
 13 for alterations or improvements constituting a major capital improve-
 14 ment, such owner agrees to waive the collection of a [portion of the
 15 total annual amount of any] rent adjustment attributable to such major
 16 capital improvement which may be granted by the New York state division
 17 of housing and community renewal pursuant to the rent stabilization code
 18 equal to [one-half of] the total annual amount of the tax abatement
 19 benefits which the property receives pursuant to such application with
 20 respect to such alterations or improvements. Such waiver shall commence
 21 on the date of the first collection of such rent adjustment, provided
 22 that, in the event that such tax abatement benefits were received prior
 23 to such first collection, the amount waived shall be increased to
 24 account for such tax abatement benefits so received. Following the
 25 expiration of a tax abatement for alterations or improvements constitut-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04628-01-5

 A. 1496 2

 1 ing a major capital improvement for which a rent adjustment has been
 2 granted by such division, the owner may collect the full amount of annu-
 3 al rent permitted pursuant to such rent adjustment. A copy of such
 4 declaration shall be filed simultaneously with the New York state divi-
 5 sion of housing and community renewal. Such declaration shall be binding
 6 upon such owner, and [his or her] such owner's successors and assigns.
 7 (3) The provisions of this subdivision shall not apply to substantial
 8 rehabilitation of buildings vacant when alterations or improvements are
 9 commenced or to buildings rehabilitated with the substantial assistance
 10 of city, state or federal subsidies.
 11 (4) The provisions of this subdivision shall apply only to alterations
 12 and improvements commenced after its effective date.
 13 § 2. This act shall take effect immediately.

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps