S T A T E O F N E W Y O R K
________________________________________________________________________
9892
I N A S S E M B L Y
April 22, 2016
___________
Introduced by M. of A. MAGEE -- read once and referred to the Committee
on Ways and Means
AN ACT to amend the tax law, in relation to property tax credits for
farmers
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph 3 of subsection (n) of section 606 of the tax
law, as amended by chapter 728 of the laws of 2005, is amended to read
as follows:
(3) School district property taxes. For purposes of this subsection,
the term "school district property taxes" means all property taxes,
special ad valorem levies and special assessments, exclusive of penal-
ties and interest, levied for school district purposes on the qualified
agricultural property (A) owned by the taxpayer [or], (B) owned by the
father, mother, grandfather, grandmother, brother or sister of the
taxpayer and a written agreement expressing intent to eventually
purchase the land has been entered into, OR (C) OWNED BY TRUST TO WHICH
THE TAXPAYER IS A BENEFICIARY.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14882-02-6