S T A T E O F N E W Y O R K
________________________________________________________________________
1243
2009-2010 Regular Sessions
I N S E N A T E
January 28, 2009
___________
Introduced by Sens. THOMPSON, ONORATO -- read twice and ordered printed,
and when printed to be committed to the Committee on Energy and Tele-
communications
AN ACT to amend the tax law, in relation to allowing certain tax
exemptions within the central Buffalo housing district
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision (a) of section 1115 of the tax law is amended
by adding a new paragraph 15-a to read as follows:
(15-A) ANY REAL PROPERTY OR PROPERTY SOLD TO A CONTRACTOR, SUBCONTRAC-
TOR OR REPAIRPERSON FOR USE IN (I) ERECTING A STRUCTURE OR BUILDING
WITHIN THE CENTRAL BUFFALO HOUSING DISTRICT, AS DESCRIBED IN SUBDIVISION
SEVEN OF SECTION FOUR HUNDRED TWENTY-ONE-P OF THE REAL PROPERTY TAX LAW,
AS ADDED BY A CHAPTER OF THE LAWS OF TWO THOUSAND NINE, ENTITLED "AN ACT
TO AMEND THE REAL PROPERTY TAX LAW, IN RELATION TO CREATING THE CENTRAL
BUFFALO HOUSING DISTRICT AND ALLOWING CERTAIN TAX EXEMPTIONS AND ABATE-
MENTS WITHIN SUCH DISTRICT", IN WHICH SUCH CONTRACTOR, SUBCONTRACTOR OR
REPAIRPERSON SHALL OCCUPY OR (II) ADDING TO, ALTERING OR IMPROVING
EXISTING REAL PROPERTY OR PROPERTY, WITHIN THE CENTRAL BUFFALO HOUSING
DISTRICT, AS THE TERM REAL PROPERTY AND PROPERTY ARE DEFINED IN THE REAL
PROPERTY TAX LAW, IN WHICH SUCH CONTRACTOR, SUBCONTRACTOR OR REPAIRPER-
SON SHALL OCCUPY; PROVIDED, HOWEVER, NO EXEMPTION SHALL EXIST UNDER THIS
PARAGRAPH UNLESS SUCH ERECTION, ADDITION, ALTERATION OR IMPROVEMENT TO
SUCH REAL PROPERTY OR PROPERTY CONSTITUTES A SIGNIFICANT IMPROVEMENT TO
SUCH REAL PROPERTY OR PROPERTY.
S 2. This act shall take effect on the same date as a chapter of the
laws of 2009 entitled "AN ACT to amend the real property tax law, in
relation to creating the central Buffalo housing district and allowing
certain tax exemptions and abatements within such district" takes
effect, and shall apply to tax years and taxable status dates beginning
on or after January 1, 2010; provided, however, that effective imme-
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05224-02-9
S. 1243 2
diately, the addition, amendment and/or repeal of any rules or regu-
lations necessary for the implementation of this act on its effective
date is authorized and directed to be made and completed on or before
such effective date.