senate Bill S716

2013-2014 Legislative Session

Authorizes the reduction of assessed value of land subject to a conservation easement conveyed to not-for-profit conservation organization

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Sponsored By

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 08, 2014 referred to local government
Jan 09, 2013 referred to local government

Co-Sponsors

S716 - Details

See Assembly Version of this Bill:
A5717
Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Add §533-a, RPT L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S3310
2009-2010: S859

S716 - Summary

Authorizes the reduction of assessed value of land subject to a conservation easement conveyed to not-for-profit conservation organization.

S716 - Sponsor Memo

S716 - Bill Text download pdf

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

                                   716

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sens.  GRISANTI,  MARCELLINO  --  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 establishing a
  reduction in the assessed value of lands burdened by certain conserva-
  tion easements

  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 533-a to read as follows:
  S  533-A.  ASSESSMENT  OF  CONSERVATION  EASEMENTS CONVEYED TO CERTAIN
ORGANIZATIONS. NOTWITHSTANDING THE PROVISIONS OF  SECTION  FIVE  HUNDRED
THIRTY-THREE  OF  THIS TITLE, UPON CONVEYANCE OF A CONSERVATION EASEMENT
TO A NOT-FOR-PROFIT CONSERVATION ORGANIZATION, THE ASSESSED VALUE OF THE
INTEREST IN EACH SUBJECT PARCEL RETAINED BY THE GRANTOR OF SUCH EASEMENT
SHALL BE MODIFIED TO EFFECT THE CHANGE, IF ANY,  IN  THE  VALUE  OF  THE
LANDS SUBJECT TO SUCH CONSERVATION EASEMENT.
  S  2.  This  act shall take effect on the thirtieth day after it shall
have become a law and shall apply  to  the  conveyance  of  conservation
easements on or after such date.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04609-01-3

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