senate Bill S7362

2009-2010 Legislative Session

Provides that real property tax exemption for professional basketball and hockey franchises in a city of one million or more shall be subject to local law

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Sponsored By

Archive: Last Bill Status - Stricken

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Apr 07, 2010 recommit, enacting clause stricken
Mar 31, 2010 referred to cities

S7362 (ACTIVE) - Details

Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง429, RPT L

S7362 (ACTIVE) - Summary

Provides that the real property tax exemption for professional basketball and hockey franchises in a city of one million or more shall be subject to enactment of a local law by the legislative body of such city.

S7362 (ACTIVE) - Sponsor Memo

S7362 (ACTIVE) - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K


                            I N  S E N A T E

                             March 31, 2010

Introduced  by  Sen. PERALTA -- read twice and ordered printed, and when
  printed to be committed to the Committee on Cities

AN ACT to amend the real property tax law, in  relation  to  authorizing
  the  local  legislative  body  of  a  city  having a population of one
  million or more the authority to grant an exemption for real  property
  used for professional major league sports


  Section 1. Section 429 of the real property tax law, as added by chap-
ter 459 of the laws of 1982, is amended to read as follows:
  S 429. Real property used for professional major league  sports.  Real
property  within a city having a population of one million or more, used
by both a professional major league hockey team which is a member of the
National Hockey League and a professional major league  basketball  team
which  is  a member of the National Basketball Association to play their
home games [shall] MAY be exempt from taxation to the extent said  taxes
are the obligation by lease or otherwise of the owners of franchises for
LOCAL LAW PROVIDING FOR SUCH EXEMPTION AND that such owners enter into a
written agreement with the chief executive officer of  the  municipality
in  which  such property is located to play their home games within such
municipality for a period of at least ten  consecutive  years.  The  tax
exemption  provided herein shall be granted to real property being used,
in whole or in part, for the aforesaid purposes on the date such  agree-
ment  is  executed and shall apply to taxes which become due and payable
after the aforestated agreement is  executed  and  shall  continue  with
respect  to  such property as long as both of said teams play their home
games therein and no longer. Such exemption shall not apply with respect
to any improvement to such property made after the date  such  agreement
is  executed  which improvement is not used for the provision of facili-
ties  or  services  related  to  sports,   entertainment,   expositions,
conventions  or trade shows. If one or both of said teams shall cease to
play their home games in said property at any time,  the  tax  exemption
provided  herein  shall  cease immediately and such property shall imme-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.


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