New York S 7780: Grants retroactive eligibility to apply for enhanced Tier 3 status to former New York City police officer Mark Rivera

Bill Text

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S07780 Summary:

BILL NOS07780B

&nbsp

SAME ASSAME AS A08651-A

&nbsp

SPONSORHOYLMAN-SIGAL

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §125, Priv Hous Fin L

&nbsp

Relates to the extension of a tax exemption for a mutual redevelopment company in a city having a population of one million or more persons.

Go to top S07780 Actions:

BILL NOS07780B

&nbsp

05/06/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

05/14/2025AMEND AND RECOMMIT TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

05/14/2025PRINT NUMBER 7780A

05/19/2025REPORTED AND COMMITTED TO FINANCE

06/03/2025AMEND AND RECOMMIT TO FINANCE

06/03/2025PRINT NUMBER 7780B

06/10/2025COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/10/2025ORDERED TO THIRD READING CAL.1775

06/10/2025SUBSTITUTED BY A8651A

&nbspA08651 AMEND=A Simone

&nbsp05/22/2025referred to housing

&nbsp06/03/2025amend and recommit to housing

&nbsp06/03/2025print number 8651a

&nbsp06/05/2025reference changed to ways and means

&nbsp06/06/2025reported referred to rules

&nbsp06/09/2025reported 

&nbsp06/09/2025rules report cal.539

&nbsp06/09/2025ordered to third reading rules cal.539

&nbsp06/09/2025passed assembly

&nbsp06/09/2025delivered to senate

&nbsp06/09/2025REFERRED TO RULES

&nbsp06/10/2025SUBSTITUTED FOR S7780B

&nbsp06/10/20253RD READING CAL.1775

&nbsp06/10/2025PASSED SENATE

&nbsp06/10/2025RETURNED TO ASSEMBLY

&nbsp10/09/2025delivered to governor

&nbsp10/14/2025signed chap.430

Go to topS07780 Committee&nbspVotes:

Go to topS07780 Floor&nbspVotes:

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

Go to topS07780 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7780--B

 2025-2026 Regular Sessions

 IN SENATE

 May 6, 2025
 ___________

 Introduced by Sen. HOYLMAN-SIGAL -- read twice and ordered printed, and
 when printed to be committed to the Committee on Housing, Construction
 and Community Development -- committee discharged, bill amended,
 ordered reprinted as amended and recommitted to said committee --
 reported favorably from said committee and committed to the Committee
 on Finance -- committee discharged, bill amended, ordered reprinted as
 amended and recommitted to said committee

 AN ACT to amend the private housing finance law, in relation to the
 amount of taxes paid by a cooperative

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

 1 Section 1. Paragraph (a-4) of subdivision 1 of section 125 of the
 2 private housing finance law, as added by chapter 531 of the laws of
 3 2014, is amended to read as follows:
 4 (a-4) Any inconsistent provision of law notwithstanding, in a city
 5 having a population of one million or more, where a local legislative
 6 body has acted to extend the tax exemption of a mutual redevelopment
 7 company for the maximum period provided for in paragraph (a-2) of this
 8 subdivision, the local legislative body may grant an additional tax
 9 exemption for a period of up to fifty years, provided that the amount of
 10 taxes to be paid during any such period of tax exemption shall be not
 11 less than an amount equal to the [greater] lesser of (i) [ten] five per
 12 centum of the annual rent or carrying charges of the project minus util-
 13 ities for the residential portion of the project, or (ii) the taxes
 14 payable by such company for the residential portion of the project
 15 during the tax year commencing July first, two thousand and ending on
 16 June thirtieth, two thousand one. Such grant of an additional tax
 17 exemption period shall take effect upon the expiration of the maximum
 18 period provided for in paragraph (a-2) of this subdivision.
 19 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11932-06-5

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