senate Bill S799

2011-2012 Legislative Session

Requires grounds for increasing assessment

download bill text pdf

Sponsored By

Archive: Last Bill Status -


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to local government
Jan 05, 2011 referred to local government

Co-Sponsors

S799 - Details

See Assembly Version of this Bill:
A6218
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง596, RPT L
Versions Introduced in 2009-2010 Legislative Session:
S8362, A11544

S799 - Summary

Provides that the lease or conveyance of oil and gas rights shall not, without other evidence of value, such as actual land sale prices, constitute grounds for increasing assessments.

S799 - Sponsor Memo

S799 - Bill Text download pdf

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

                                   799

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sens.  YOUNG,  MAZIARZ,  RANZENHOFER  --  read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Local Government

AN  ACT  to amend the real property tax law, in relation to the lease or
  conveyance of oil and gas rights in lands and grounds  for  increasing
  assessments

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 2 of section 596 of the real property tax  law,
as  added  by  chapter  846  of  the laws of 1981, is amended to read as
follows:
  2. Prior to production, a lease or other conveyance  of  oil  and  gas
rights  in  land  which is otherwise entitled to an exemption from taxa-
tion, in whole or in part, shall not be considered  dispositive  by  the
assessor  in  determining  whether  that land is used exclusively for an
exempt purpose. A LEASE OR OTHER CONVEYANCE OF OIL AND GAS RIGHTS  SHALL
NOT,  WITHOUT  OTHER EVIDENCE OF VALUE, SUCH AS ACTUAL LAND SALE PRICES,
CONSTITUTE GROUNDS TO INCREASE AN ASSESSMENT.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02686-01-1

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