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Local law · Int 1015-2026

Abatement of taxation for alterations and improvements to certain multiple dwellings

New York City Council

Latest action Oct 26, 2026

Sponsor: Pierina Ana Sanchez (Council Member, District 14, Democratic)

Official titleShow

A Local Law to amend the administrative code of the city of New York, in relation to abatement of taxation for alterations and improvements to certain multiple dwellings

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

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From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Oct 27, 2026. About our data

Summary

This bill would extend the J-51 tax abatement for certain alterations or improvements to include projects completed on or after June 30, 2026 and before June 30, 2036. Condos and coops where the average assessed valuation is under $60,000 per dwelling unit (adjusted annually for inflation) would be eligible for the abatement. Rental buildings (i) where more than half the units are affordable, (ii) that are operated by limited-profit housing companies, or (iii) that receive substantial governmental assistance would also be eligible. The owner of an eligible building would be able to recover, over a period of 20 years, up to 100% of the reasonable cost of the work. HPD would establish and regularly update a certified reasonable cost schedule. This bill would provide for tenant protections, including the possibility of a revocation of benefits if an owner fails to comply. This bill would also require HPD to report on the implementation of the program.

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

Where it stands

Became law without the Mayor's signature.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Committee on Housing and Buildings

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Cosponsors

31

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

  • Democratic30
  • Republican1

This bill has cosponsors from more than one party.

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Show the full list (31 names)

Recorded votes

  • Vote: Approved by Committee

    Committee on Housing and BuildingsSep 24, 2026Result: passed

    (11) (0) (0) (0)

  • Vote: Approved by Council

    NYC CouncilSep 24, 2026Result: passed

    (46) (0) (0) (5)

Full history

  1. Oct 26, 2026

    Returned unsigned by the Mayor

    This Introduction was Returned Unsigned by Mayor

    NYC Council

  2. Oct 24, 2026

    Adopted

    This Introduction was City Charter Rule Adopted

    Administration

  3. Sep 24, 2026

    Committee vote

    A motion was made that this Introduction be Approved by Committee approved by Roll Call.

    Committee on Housing and Buildings

  4. Sep 24, 2026

    Passed a chamber

    A motion was made that this Introduction be Approved by Council approved by consent Roll Call.

    NYC Council

  5. Sep 24, 2026

    Amended

    This Introduction was Amended by Committee

    Committee on Housing and Buildings

Show full history (7 earlier events)
  1. Sep 24, 2026

    This Introduction Was Amendment Proposed by Comm

    This Introduction was Amendment Proposed by Comm

    Committee on Housing and Buildings

  2. Sep 24, 2026

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Housing and Buildings

  3. Sep 24, 2026

    Sent to the executive

    This Introduction was Sent to Mayor by Council

    NYC Council

  4. Sep 9, 2026

    Hearing held

    This Introduction was Hearing Held by Committee

    Committee on Housing and Buildings

  5. Sep 9, 2026

    Held over

    This Introduction was Laid Over by Committee

    Committee on Housing and Buildings

  6. Aug 13, 2026

    Introduced

    This Introduction was Introduced by Council

    NYC Council

  7. Aug 13, 2026

    Referred to committee

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

    NYC Council

Read the record