Assembly Bill A1253

2013-2014 Legislative Session

Establishes a green development home tax exemption

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Archive: Last Bill Status - Stricken


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-A1253 (ACTIVE) - Details

Law Section:
Real Property Tax Law
Laws Affected:
Add ยง431, RPT L
Versions Introduced in 2011-2012 Legislative Session:
A10739

2013-A1253 (ACTIVE) - Summary

Establishes a green development home tax exemption authorizing a 35% exemption from local real property taxation for homes that are part of green developments as LEED certified or certified by the national association of home builders.

2013-A1253 (ACTIVE) - Bill Text download pdf

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

                                  1253

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced by M. of A. CAHILL -- read once and referred to the Committee
  on Real Property Taxation

AN ACT to amend the real property tax law, in relation to establishing a
  green development home tax exemption

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

  Section 1. The real property tax  law  is  amended  by  adding  a  new
section 431 to read as follows:
  S  431. GREEN DEVELOPMENT HOME TAX EXEMPTION. 1. THE LOCAL LEGISLATIVE
BODY OF ANY CITY, TOWN OR VILLAGE IS HEREBY AUTHORIZED AND EMPOWERED  TO
ADOPT  AND  AMEND  A  LOCAL  LAW TO PROVIDE THAT ANY REAL PROPERTY WHICH
SATISFIES THE REQUIREMENTS OF SUBDIVISION TWO OF THIS SECTION  SHALL  BE
GRANTED  A  REDUCED  REAL  PROPERTY TAX RATE AS SET FORTH IN SUBDIVISION
THREE OF THIS SECTION.
  2. SUCH LOCAL LAW SHALL PROVIDE THAT FOR REAL PROPERTY TO QUALIFY  FOR
THE  EXEMPTION SET FORTH IN SUBDIVISION THREE OF THIS SECTION, SUCH REAL
PROPERTY SHALL BE A ONE, TWO OR THREE FAMILY RESIDENCE  AND  PART  OF  A
DEVELOPMENT THAT:
  (A) IS EITHER (I) A GREEN DEVELOPMENT OR (II) LEED-ND CERTIFIED; AND
  (B)  CONTAINS  HOMES,  SEVENTY-FIVE  PERCENT  OF  WHICH  ARE CERTIFIED
SILVER.
  3. SUCH LOCAL LAW SHALL PROVIDE THAT REAL PROPERTY THAT SATISFIES  THE
CRITERIA SET FORTH IN SUBDIVISION TWO OF THIS SECTION SHALL BE PARTIALLY
EXEMPT  FROM  LOCAL  REAL  PROPERTY  TAXATION FOR A PERIOD NOT TO EXCEED
TWENTY YEARS IN THE AGGREGATE AFTER THE TAXABLE STATUS DATE  IMMEDIATELY
FOLLOWING   THE   SATISFACTION   THEREOF,  AS  FOLLOWS:  EXEMPTION  FROM
THIRTY-FIVE PERCENT OF SUCH TAXATION.
  4. (A) UPON SUCCESSFUL LEED CERTIFICATION  OR  NAHB  CERTIFICATION,  A
DEVELOPER  SHALL NOTIFY THE TAX ASSESSOR OF ANY ASSESSING UNIT THAT SUCH
DEVELOPMENT SATISFIES THE REQUIREMENTS SET FORTH IN SUBDIVISION  TWO  OF

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

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