In relation to the grant of partial exemptions from real property taxation to certain senior citizens residing in cooperative apartments
NYC L.L. 1996/040
in effectL.L. 1996/040
Enactment date: 5/14/1996
Int. No. 762
By the Speaker (Council Member Vallone); Council Members Harrison, Albanese, Cruz, DeMarco, DiBrienza, Eisland, Fields, Henry, Koslowitz, Lasher, McCaffrey, Pinkett, Povman, Powell IV, Rosado, Ruiz, Weiner, White, Williams, Abel, Ognibene, Stabile, Berman, Duane, Michels, Miller; Sabini, Eldridge, Fisher, Leffler, Marshall, Robles, Watkins, Wooten, Eristoff, Rivera, Linares, McCabe and Clarke
A Local Law to amend the administrative code of the city of New York, in relation to the grant of partial exemptions from real property taxation to certain senior citizens residing in cooperative apartments
Be it enacted by the Council as follows:
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[Consolidated provisions are not included in this Appendix A]
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§ 2. Section seven of local law number 1 for the year 1996, relating to certain benefits for senior citizens, is amended to read as follows:
§ 7. This local law shall take effect immediately; provided, however, that the amendment of section 11-245.3 of the administrative code of the city of New York by section five of this local law shall take effect on January 1, 1996 and shall apply to assessment rolls prepared on the basis of taxable status dates occurring on or after January I, 1996; [and, provided, further, that the amendment of section 11-245.3 of such code by section six of this local law shall take effect on any effective date hereinafter authorized by the state legislature;] and, provided, further, that the amendment of subparagraph (ii) of paragraph (2) of subdivision m of section 26-405 of such code by section one of this local law, the amendment of paragraph (5) of subdivision m of section 26-405 of such code by section two of this local law, the amendment of subparagraph (ii) of paragraph (2) of subdivision b of section 26-509 of such code by section three of this local law, and the amendment of subdivision d of section 26-601 of such code by section four of this local law shall each be retroactive to and shall be deemed to have been in full force and effect on and after August 2, 1995. Notwithstanding any other provisions of the administrative code of the city of New York, any person who on or after August 2, 1995 through the date of enactment of this local law would have been eligible for a rent increase exemption order pursuant to such code but for the fact that his or her income exceeded the income limitation of sixteen thousand, five hundred dollars in effect before the enactment of this local law, and who as a result of the enactment of this local law increasing the maximum income limitation to twenty thousand dollars is eligible for such order on or after August 2, 1995 through the date of enactment of this local law may file an application for such order within ninety days of the enactment of this local law. Any such rent increase exemption order issued to such applicant shall be effective as of that date on or after August 2, 1995 through the date of enactment of this local law upon which such person would have been eligible for such rent increase exemption order but for the fact that his or her income exceeded the income limitation of sixteen thousand, five hundred dollars in effect before the enactment of this local law.
§ 3. This local law shall take effect immediately, provided, however, that subdivision 10 of section 11-245.3 of the administrative code of the city of New York,.as amended by section one of this local law, shall apply to assessment rolls prepared on the basis of taxable status dates occurring on or after January 1, 1996 and provided, further, however, that notwithstanding any other provision of law, applications for exemption under section 11-245.3 of the administrative code of the city of New York, which applications relate to the assessment roll of the city for the fiscal year beginning July 1, 1996, shall be considered timely filed if they are filed on or before April 1, 1996.
Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-216303Fetched: 10/25/2026