New York A 3072: Authorizes and directs the commissioner of mental health to commission a statewide evaluation regarding the extent of legal and illegal gambling by New York state residents

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A03072 Summary:

BILL NOA03072 

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SAME ASNo Same As

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SPONSORRosenthal

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COSPNSR

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MLTSPNSR

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Amd §421-a, RPT L

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Requires affordable housing units that are subject to the provisions of the Affordable New York Housing Program to be subject to rent stabilization at the end of the tax abatement and extended affordability period; provides that units subject to tax exemptions or abatements pursuant to other laws be subject to rent stabilization at the expiration of such tax exemptions or abatements.

Go to top A03072 Actions:

BILL NOA03072 

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01/23/2025referred to real property taxation

01/07/2026referred to real property taxation

Go to topA03072 Committee&nbspVotes:

Go to topA03072 Floor&nbspVotes:

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

Go to topA03072 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3072

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 23, 2025
 ___________

 Introduced by M. of A. ROSENTHAL -- read once and referred to the
 Committee on Real Property Taxation

 AN ACT to amend the real property tax law, in relation to requiring
 certain affordable housing units to be subject to rent stabilization

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

 1 Section 1. Paragraph (f) of subdivision 17 of section 421-a of the
 2 real property tax law is amended by adding a new subparagraph (ix) to
 3 read as follows:
 4 (ix) An affordable housing unit that is subject to a tax abatement and
 5 extended affordability period pursuant to the provisions of this section
 6 shall, upon the expiration of such tax abatement and extended afforda-
 7 bility period, be subject to rent stabilization. If such affordable
 8 housing unit receives benefits of tax exemption or tax abatement under
 9 the provisions of any other law, such unit shall not be subject to rent
 10 stabilization until such tax exemption or tax abatement expires.
 11 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06307-01-5

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