Committee on State and Federal Legislation
TL;DR
The Committee on State and Federal Legislation held a hearing to examine state proposals regarding good cause eviction protections and the 421-a tax exemption program for real estate development. The committee considered a resolution calling on the New York State Legislature not to renew section 421-a of the Real Property Tax Law, which currently provides tax breaks to certain residential development projects.
Key Decisions
- Oversight hearing on good cause eviction proposals and 421-a tax exemption reform Hearing held
- Resolution opposing renewal of section 421-a tax exemption Under consideration
Agenda
- T2022-0443 Oversight – Examining State Proposals for Good Cause Eviction and Reforming the 421-a Tax Exemption Program.Oversight
- Res 0064-2022 Resolution calling on the New York State Legislature to not renew section 421-a of the Real Property Tax Law.Resolution
- Jointly with the Committee on Housing and Buildings