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Int 0036-2004

Requiring quarterly reports of the termination date of the tax exemption for each city-supervised mitchell-lama development.

IntroductionFiledCommittee on Housing and Buildingsintroduced 2004-02-04

Filed — closed without being enacted.

Official record · Legistar

Agenda: 2004-02-04Passed: 2005-12-31
Committee on Housing and BuildingsDepartment of Housing Preservation and Development, Department of Buildings and rent regulation.

How it compares

30% of similar bills passed

15 passed · 35 died

This bill: 696 days in committee

Similar bills: median 393 days · 125 days when passed

Sponsors (24)

Joseph P. Addabbo, Jr.
Yvette D. Clarke
Margarita Lopez
Hiram Monserrate
Tracy L. Boyland
Eva S. Moskowitz

Lifecycle

IntroducedIntroduced by Council
2004-02-04 · City Council
ActionReferred to Comm by Council
2004-02-04 · City Council
ClosedFiled (End of Session)
2005-12-31 · City Council

Heard at (1)

City Council · 2004-02-04 · 1:30 PM · Council Chambers - City Hall
Full text
Be it enacted by the Council as follows: Section 1. Title 11 of the administrative code of the city of New York is hereby amended by adding a new section 11-268 to read as follows: §11-268. City-supervised mitchell-lama housing development tax-exempt reporting requirement. The commissioner shall prepare and submit to the mayor and the council a quarterly report containing the termination date of the tax exemption for each housing development owned by a limited-profit housing company organized under article II of the private housing finance law where such development is receiving any tax benefit from the city and is subject to the supervision of a city agency. Such report shall be submitted no later than the tenth day after the close of the quarterly reporting period. §2. This local law shall take effect thirty days upon its enactment into law.