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Int 0624-2015

Requiring owners of residential property with six to ten units to submit income and expense statements.

IntroductionFiledCommittee on Financeintroduced 2015-01-22

Filed — closed without being enacted.

Official record · Legistar

Agenda: 2015-01-22Passed: 2017-12-31
Committee on FinanceExecutive Budget review and Budget modification, Banking Commission, Comptroller's Office, Department of Finance, Independent Budget Office, Office of Administrative Tax Appeal, and fiscal policy and revenue from any source.

How it compares

48% of similar bills passed

24 passed · 26 died

This bill: 1073 days in committee

Similar bills: median 173 days · 29 days when passed

Sponsors (4)

Lifecycle

IntroducedIntroduced by Council
2015-01-22 · City Council
ActionReferred to Comm by Council
2015-01-22 · City Council
ClosedFiled (End of Session)
2017-12-31 · City Council

Heard at (1)

City Council · 2015-01-22 · 1:30 PM · Council Chambers - City Hall
Full text
Be it enacted by the Council as follows: Section 1. Subparagraph ii of paragraph 5 of subdivision d of section 11-208.1 of the administrative code of the city of New York is amended to read as follows: (ii) residential property containing [ten] five or fewer dwelling units; �2. Subdivision e of section 11-208.1 of the administrative code of the city of New York is amended to read as follows: e. As used in this section, the term "income-producing property" means property owned for the purpose of securing an income from the property itself, but shall not include property with an assessed value of forty thousand dollars or less, or residential property containing [ten] five or fewer dwelling units or property classified in class one or two as defined in article eighteen of the real property tax law containing six of fewer dwelling units and one retail store. �3. This local law shall take effect ninety days after its enactment into law. LS 2016 JW 7/29/14 - 2 -