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Int 0482-2004

Reporting requirements for housing tax benefit programs.

IntroductionFiledCommittee on Housing and Buildingsintroduced 2004-10-13

Filed — closed without being enacted.

Official record · Legistar

Agenda: 2004-10-13Passed: 2005-12-31
Committee on Housing and BuildingsDepartment of Housing Preservation and Development, Department of Buildings and rent regulation.

How it compares

32% of similar bills passed

16 passed · 34 died

This bill: 443 days in committee

Similar bills: median 389 days · 241 days when passed

Sponsors (18)

Yvette D. Clarke
Hiram Monserrate
Philip Reed

Lifecycle

IntroducedIntroduced by Council
2004-10-13 · City Council
ActionReferred to Comm by Council
2004-10-13 · City Council
ClosedFiled (End of Session)
2005-12-31 · City Council

Heard at (1)

City Council · 2004-10-13 · 1:30 PM · Council Chambers - City Hall
Full text
Be it enacted by the Council as follows: Section 1. Subdivision cc of section 11-243 of the administrative code of the city of New York is hereby amended to read as follows: cc. The commissioner of [the department of] housing preservation and development and the commissioner of finance shall prepare an annual report which shall be submitted to the [Mayor] mayor and the council on or before the first day of July next succeeding the year to which the report pertains, and a report for fiscal years two thousand two and two thousand three which shall be submitted to the mayor and the council on or before December thirty first, two thousand four, regarding the exemptions and abatements granted pursuant to this section and shall include, but not be limited to, the following information: (i) the amount of real property tax that would have been paid [in the aggregate by the owners] for each parcel of real property granted an exemption or abatement if the property were fully taxable and the amount of tax actually paid [in the aggregate by such owners], (ii) the geographic distribution of exemptions and abatements granted pursuant to this section, [and] (iii) a distribution by type of eligible categories as delineated in paragraphs one through nine of subdivision b of this section, (iv) the street address and block and lot designation of each parcel of real property for which an exemption or abatement was granted pursuant to this section and (v) the average sales and/or rental price, whichever is applicable, of all dwelling units situated on each parcel of real property for which an exemption or abatement was granted pursuant to this section. §2. Section 11-245 of the administrative code of the city of New York is hereby amended by adding a new subdivision g to read as follows: g. The commissioner of housing preservation and development and the commissioner of finance shall prepare an annual report which shall be submitted to the mayor and the council on or before the first day of July next succeeding the year to which the report pertains, and a report for fiscal years two thousand two and two thousand three which shall be submitted to the mayor and the council on or before December thirty first, two thousand four, regarding the exemptions and abatements granted pursuant to this section and shall include, but not be limited to, the following information: (i) the amount of real property tax that would have been paid for each parcel of real property granted an exemption or abatement if the property were fully taxable and the amount of tax actually paid in the aggregate by such owners, (ii) the geographic distribution of exemptions and abatements granted pursuant to this section, (iii) the street address and block and lot designation of each parcel of real property for which an exemption or abatement was granted pursuant to this section and (iv) the average sales and/or rental price, whichever is applicable, of all dwelling units situated on each parcel of real property for which an exemption or abatement was granted pursuant to this section. §3. This local law shall take effect immediately upon its enactment into law.