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Local law · Int 0064-2024

A temporary exemption from the payment of the commercial rent tax for certain businesses

Official titleShow

A Local Law in relation to a temporary exemption from the payment of the commercial rent tax for certain businesses

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

This bill would exempt all tenants who used their taxable premises primarily as a retail store providing goods or services, or as a food service establishment providing food or beverages for individual portion service directly to consumers, including restaurants, nightclubs and bars, from the Commercial Rent Tax for the tax period from June 1, 2022 to May 31, 2025.

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

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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, Erik D. Bottcher 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