A00198
Type: B Origin: Assembly New York Comments: 0

Imposes A Commercial Vacancy Tax On Vacant Or Abandoned Commercial Storefronts Located In A City With A Population Of One Million Or More Of One Percent Of The Assessed Value Of The Property.

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The bill proposes a commercial vacancy tax on empty or abandoned commercial storefronts in cities with over one million residents. The tax would be set at one percent of the property's assessed value. This measure aims to incentivize property owners to occupy and utilize vacant commercial spaces, potentially addressing issues related to urban blight and promoting economic activity in these areas.

Bill Activity

  • 2023-01-04: referred to cities

  • 2024-01-03: referred to cities

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