New York S 6804: Relates to imposing a commercial vacancy tax

Bill Text

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S06804 Summary:

BILL NOS06804 

&nbsp

SAME ASSAME AS A00669

&nbsp

SPONSORJACKSON

&nbsp

COSPNSRRIVERA, SALAZAR

&nbsp

MLTSPNSR

&nbsp

Add Art 30-C §§1350 - 1354, Tax L

&nbsp

Imposes a commercial vacancy tax on vacant or abandoned commercial storefronts located in a city with a population of one million or more of one percent of the assessed value of the property.

Go to top S06804 Actions:

BILL NOS06804 

&nbsp

03/24/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

01/07/2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Go to topS06804 Committee&nbspVotes:

Go to topS06804 Floor&nbspVotes:

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

Go to topS06804 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6804

 2025-2026 Regular Sessions

 IN SENATE

 March 24, 2025
 ___________

 Introduced by Sens. JACKSON, SALAZAR -- read twice and ordered printed,
 and when printed to be committed to the Committee on Investigations
 and Government Operations

 AN ACT to amend the tax law, in relation to the imposition of a commer-
 cial vacancy tax

 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 article 30-C to read
 2 as follows:

 3 ARTICLE 30-C
 4 COMMERCIAL VACANCY TAX
 5 Section 1350. Definitions.
 6 1351. Imposition of tax.
 7 1352. Returns and payment of tax.
 8 1353. Deposit and disposition of revenue.
 9 1354. General powers of the commissioner.
 10 § 1350. Definitions. For purposes of this article the following terms
 11 shall have the following meanings:
 12 1. "Commercial storefront" means area within a building that may be
 13 individually leased or rented for the purpose of carrying on or exercis-
 14 ing any trade, business, profession, vocation or commercial activity.
 15 2. (a) "Vacant or abandoned" means a commercial storefront which
 16 either (i) is unoccupied and unsecured; or (ii) is unoccupied and
 17 secured by boarding or other similar means; or (iii) is unoccupied and
 18 unsafe as defined in the building code of the municipality where such
 19 commercial storefront is located; or (iv) is unoccupied and has multiple
 20 code violations of the building code of the municipality where such
 21 commercial storefront is located; or (v) has been unoccupied for over
 22 six months.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02154-01-5

 S. 6804 2

 1 (b) Notwithstanding paragraph (a) of this subdivision, vacant or aban-
 2 doned shall not include a commercial storefront where (i) there is a
 3 valid building permit for repair, rehabilitation, or construction of
 4 such commercial storefront and the owner completes the repair, rehabili-
 5 tation, or construction within one year from the date the initial permit
 6 was issued, unless the owner establishes that additional time is neces-
 7 sary to complete the repair, rehabilitation, or construction of the
 8 commercial storefront in a manner promulgated by the commissioner; or
 9 (ii) the owner or leaseholder has filed an application for, and is
 10 actively seeking to obtain, authorization, permits or a license required
 11 by state or local law permitting the lawful use and occupancy of the
 12 commercial storefront; or
 13 (iii) such commercial storefront complies with all provisions of state
 14 and local law, is ready for occupancy, and the owner provides evidence
 15 satisfactory to the department that the commercial storefront is active-
 16 ly being offered for sale, lease, or rent. Satisfactory evidence shall
 17 include, but is not limited to, evidence that the owner has hired a real
 18 estate agent or other rental agent who advertises and promotes the
 19 commercial storefront for rent, lease or sale, or proof that such
 20 commercial storefront is offered for sale on the multiple listing
 21 service or any other comparable real estate listing service.
 22 § 1351. Imposition of tax. Notwithstanding any other provision of this
 23 chapter, or of any other law, for taxable years beginning on and after
 24 January first, two thousand twenty-six, an annual tax is hereby imposed
 25 on every taxpayer who is the owner of a vacant or