Relates to authorizing a reduction of taxes pursuant to shelter rent; provides that upon consent of the local legislative body in a city with a population of one million or more such taxes may be reduced to five per centum or less, including a full reduction of the annual shelter rent or carrying charges of a project.

Statutes affected:
A6654: 33 private housing finance law, 33(1) private housing finance law, 33(4) private housing finance law
A6654A: 33 private housing finance law, 33(1) private housing finance law, 33(4) private housing finance law, 125 private housing finance law, 125(1) private housing finance law
A6654B: 33 private housing finance law, 33(1) private housing finance law, 33(4) private housing finance law, 125 private housing finance law, 125(1) private housing finance law, 93 private housing finance law, 93(8) private housing finance law