Skip to main content

Agora
Sign in

Local law · Int 0063-2024

An exemption from the commercial rent tax

Official titleShow

A Local Law to amend the administrative code of the city of New York, in relation to an exemption from the commercial rent tax

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

Filed at end of sessionLatest action Dec 31, 2025

New York City Council

Sponsor

Keith Powers

Summary

Currently, billboards and advertising signs are considered taxable premises for purposes of the commercial rent tax and the rent paid to advertise on those spaces is subject to the tax. This bill would exempt the rents for premises within the Theater Subdistrict solely used for the purpose of advertisement.

Summary from NYC Council (Legistar). How we handle summaries

Introduced in conjunction with the Manhattan Borough President.

From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Sep 7, 2026. About our data

Follow

Following needs an Agora account. You will sign in first, then come back to this page.

Your position on this bill

Choose the position closest to yours. You'll sign in or create an account to save it.

Sign in or create an account to give your position

Where it stands

The session ended before it was voted on. It was not defeated; it simply ran out of time, which is what happens to most legislation. It would have to be reintroduced.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted
Filed at end of session

Committee

Committee on Finance

Cosponsors

Althea V. Stevens, Gale A. Brewer and 1 other

Cosponsors in the order the New York City Council lists them.

  • Democratic2

Party is shown for the 2 cosponsors who are on Agora.

Shown in neutral colors by design; Agora is non-partisan.

Names without a link are in the official record but not on Agora.

Full history

  1. Dec 31, 2025

    Filed

    This Introduction was Filed (End of Session)

    NYC Council

  2. Feb 8, 2024

    Introduced

    This Introduction was Introduced by Council

    NYC Council

  3. Feb 8, 2024

    Referred to committee

    This Introduction was Referred to Comm by Council to the Committee on Finance

    NYC Council