Authorizes the urban development corporation to evaluate the geographical coverage of programs overseen by the corporation and to work with not-for-profit corporations to supplement the technical assistance needs for communities.
Encourages the preservation and viewing of historic properties by allowing an exemption from local real estate tax in cities of a million or more population, for improvements to historic real property and by requiring certain public access to such property; defines the term "historic real property" as a one, two or three family residence which is owner-occupied and designated by the appropriate agency as a historic landmark and such designation is maintained.
Enhances the fitness and safety requirements for certain licensed individuals; establishes the "New York state task force on the effects of aging on driving ability".
Provides that any charges assessed by a credit card company for late payment shall not exceed five percent of the unpaid balance of any bill, including any interest thereon, or twenty dollars, whichever amount is less.
Creates the New York state home ownership savings plan; creates a property tax exemption related thereto; creates exemptions for properties purchased in target areas with a New York state home ownership savings plan.
Creates an emergency in education tax surcharge to fund an omnibus education financing plan in New York city; provides for a maintenance of effort requirement.
Creates a disabled person retrofit tax credit; provides a tax credit that is equal to thirty percent of the cost of expenditures, up to $5,000 for making qualified improvements.