senate Bill S3993A

2013-2014 Legislative Session

Sets a 7 year limit to the real property tax exemption for unimproved property of mandatory class nonprofit organizations

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Archive: Last Bill Status - In Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 29, 2014 print number 3993a
amend and recommit to local government
Jan 08, 2014 referred to local government
Mar 04, 2013 referred to local government

Bill Amendments

Original
A (Active)
Original
A (Active)

S3993 - Details

See Assembly Version of this Bill:
A1711A
Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Amd §420-a, RPT L
Versions Introduced in Previous Legislative Sessions:
2011-2012: A499
2009-2010: A981

S3993 - Summary

Sets a 7-year limit to the real property tax exemption for unimproved property of mandatory class nonprofit organizations.

S3993 - Sponsor Memo

S3993 - Bill Text download pdf

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

                                  3993

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              March 4, 2013
                               ___________

Introduced  by  Sen.  LARKIN -- 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  duration
  of  the  exemption for property of mandatory class nonprofit organiza-
  tions by reason of the absence of suitable buildings  or  improvements
  thereon  if  construction  of  such  buildings  or  improvements is in
  progress or is in good faith contemplated

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

  Section  1.  Subdivision  3  of section 420-a of the real property tax
law, such section as renumbered by chapter 919 of the laws of  1981,  is
amended to read as follows:
  3. Such real property from which no revenue is derived shall be exempt
though  not  in actual use therefor by reason of the absence of suitable
buildings or OTHER PHYSICAL improvements thereon if:
  (a) the construction of such buildings or OTHER PHYSICAL  improvements
is  in  progress or is in good faith contemplated by such corporation or
association WITHIN SEVEN YEARS AFTER SUCH PROPERTY HAS BEEN ACQUIRED  BY
SUCH  CORPORATION  OR  ASSOCIATION; FOR THE PURPOSES OF CALCULATING SUCH
SEVEN YEARS' PERIOD, WITH RESPECT TO PROPERTY ACQUIRED BEFORE THE EFFEC-
TIVE DATE OF THE CHAPTER OF THE LAWS  OF  TWO  THOUSAND  THIRTEEN  WHICH
AMENDED  THIS  SUBDIVISION,  SUCH  SEVEN YEARS' PERIOD SHALL COMMENCE ON
SUCH EFFECTIVE DATE, AND WITH RESPECT TO PROPERTY ACQUIRED ON  OR  AFTER
SUCH EFFECTIVE DATE, SUCH SEVEN YEARS' PERIOD SHALL COMMENCE ON THE DATE
OF ACQUISITION; or
  (b) such real property is held by such corporation or association upon
condition  that  the title thereto shall revert in case any building not
intended and suitable for one or more such  purposes  shall  be  erected
upon such premises or some part thereof.
  S  2. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02408-01-3

Co-Sponsors

S3993A (ACTIVE) - Details

See Assembly Version of this Bill:
A1711A
Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Amd §420-a, RPT L
Versions Introduced in Previous Legislative Sessions:
2011-2012: A499
2009-2010: A981

S3993A (ACTIVE) - Summary

Sets a 7-year limit to the real property tax exemption for unimproved property of mandatory class nonprofit organizations.

S3993A (ACTIVE) - Sponsor Memo

S3993A (ACTIVE) - Bill Text download pdf

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

                                 3993--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              March 4, 2013
                               ___________

Introduced  by  Sen.  LARKIN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government -- recom-
  mitted to the Committee on Local Government in accordance with  Senate
  Rule  6,  sec.  8  --  committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the real property tax law, in relation to  the  duration
  of  the  exemption for property of mandatory class nonprofit organiza-
  tions by reason of the absence of suitable buildings  or  improvements
  thereon  if  construction  of  such  buildings  or  improvements is in
  progress or is in good faith contemplated

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

  Section  1.  Subdivision  3  of section 420-a of the real property tax
law, such section as renumbered by chapter 919 of the laws of  1981,  is
amended to read as follows:
  3. Such real property from which no revenue is derived shall be exempt
though  not  in actual use therefor by reason of the absence of suitable
buildings or OTHER PHYSICAL improvements thereon if:
  (a) the construction of such buildings or OTHER PHYSICAL  improvements
is  in  progress or is in good faith contemplated by such corporation or
association WITHIN SEVEN YEARS AFTER SUCH PROPERTY HAS BEEN ACQUIRED  BY
SUCH  CORPORATION  OR  ASSOCIATION; FOR THE PURPOSES OF CALCULATING SUCH
SEVEN YEARS' PERIOD, WITH RESPECT TO PROPERTY ACQUIRED BEFORE THE EFFEC-
TIVE DATE OF THE CHAPTER OF THE LAWS  OF  TWO  THOUSAND  FOURTEEN  WHICH
AMENDED  THIS  SUBDIVISION,  SUCH  SEVEN YEARS' PERIOD SHALL COMMENCE ON
SUCH EFFECTIVE DATE, AND WITH RESPECT TO PROPERTY ACQUIRED ON  OR  AFTER
SUCH EFFECTIVE DATE, SUCH SEVEN YEARS' PERIOD SHALL COMMENCE ON THE DATE
OF ACQUISITION; or
  (b) such real property is held by such corporation or association upon
condition  that  the title thereto shall revert in case any building not

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02408-02-4

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