Relates to a minority and women-owned business enterprise participation goal requirement in order to receive exemption of new multiple dwellings from local taxation

2025 Regular Session Introduced by Rodneyse Bichotte Hermelyn and 5 co-sponsors

Exemption from local property taxes for new multi-dwelling projects is conditioned on meeting MWBE participation goals.

REFERRED TO REAL PROPERTY TAXATION

Summary of Assembly Bill A 7106

Overview

Bill Number: A 7106

Title: Relates to a minority and women-owned business enterprise participation goal requirement in order to receive exemption of new multiple dwellings from local taxation

Status: Referred to Real Property Taxation committee

Introduced: March 20, 2025

Classification: Assembly bill (New York)

Purpose and Intent

The bill would condition eligibility for the local property tax exemption on new multiple dwellings on meeting a minority- and women-owned business enterprise (MWBE) participation goal. In other words, developers seeking the exemption would need to demonstrate MWBE participation in the project as defined by the bill.

Key Provisions (as described)

Conditional exemption: The exemption from local property taxes for newly constructed multi-dwelling buildings would be available only if the project meets a specified MWBE participation goal.

MWBE participation goal: The bill establishes or references a goal related to involvement of MWBEs in the development project. The exact numerical targets or measurement methodology would be specified in the bill text (not provided in the summary).

Geographic/application scope: Applies to new multiple dwellings within the scope of the local tax exemption program (specific locality scope would be defined in the bill and related statutes).

Affected Parties and Impacts

Developers/Owners of new multiple dwellings: Would need to assess and demonstrate MWBE participation to qualify for the tax exemption.

Minority- and women-owned businesses (MWBEs): Potentially increased contracting or subcontracting opportunities as part of qualifying projects.

Local taxing jurisdictions: The policy could influence the distribution of tax exemptions and the administration of MWBE compliance requirements.

Municipal compliance and oversight: Likely additional administrative processes to verify MWBE participation against the exemption criteria.

Procedural and Timeline Aspects

Committee stage: Referred to the Real Property Taxation committee, indicating that the bill will be reviewed and potentially amended by that committee.

Legislative actions logged: The bill shows at least two entries on 2025-03-20 for referral to the same committee, suggesting formal committee routing and possible subsequent steps (hearings, amendments, vote) after referral.

Related and Companion/Precedent Legislation

Related Bills (prior-session): A 9074, A 279, A 2168, A 5948, A 3958

Companion Bills (Senate): S 4298 (listed as companion)

Sponsorship: Primary sponsor — Rodneyse Bichotte Hermelyn; Co-sponsors — Alicia Hyndman, Maritza Davila, Rebecca Seawright, Latrice Walker, Vivian Cook

Notes

Specific MWBE targets, measurement methods, compliance timelines, and enforcement mechanisms would be detailed in the bill text. This summary reflects the stated aim to tie the tax-exemption eligibility to MWBE participation without providing numeric targets.

If you’d like, I can pull the bill text to extract exact MWBE targets, reporting requirements, and any transitional provisions.