Assembly Bill A7174A

2015-2016 Legislative Session

Relates to open space, parks, or historic preservation purposes to any not-for-profit tax exempt corporation operated for conservation, environmental, or historic preservation purposes

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

Bill Amendments

2015-A7174 - Details

See Senate Version of this Bill:
S7043
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §1402-a, Tax L

2015-A7174 - Summary

Exempts the conveyance of real property for open space, parks, or historic preservation purposes to any not-for-profit tax exempt corporation operated for conservation, environmental, or historic preservation purposes from the additional tax on real estate transfers of residential real property where the consideration is one million dollars or more.

2015-A7174 - Bill Text download pdf

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

                                  7174

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             April 27, 2015
                               ___________

Introduced by M. of A. THIELE -- read once and referred to the Committee
  on Ways and Means

AN  ACT to amend the tax law, in relation to exempting the conveyance of
  real property for open space, parks, or historic preservation purposes
  to any not-for-profit tax exempt corporation  operated  for  conserva-
  tion,  environmental, or historic preservation purposes from the addi-
  tional tax on real estate transfers of residential real property where
  the consideration is one million dollars or more

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

  Section  1.  Section  1402-a of the tax law is amended by adding a new
subdivision (d) to read as follows:
  (D) NOTWITHSTANDING ANY PROVISION OF LAW TO THE  CONTRARY,  THE  ADDI-
TIONAL  TAX IMPOSED BY THIS SECTION SHALL NOT APPLY TO THE CONVEYANCE OF
REAL PROPERTY FOR OPEN SPACE, PARKS, OR HISTORIC  PRESERVATION  PURPOSES
TO  ANY NOT-FOR-PROFIT TAX EXEMPT CORPORATION OPERATED FOR CONSERVATION,
ENVIRONMENTAL OR HISTORIC PRESERVATION PURPOSES.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10569-01-5


              

2015-A7174A (ACTIVE) - Details

See Senate Version of this Bill:
S7043
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §1402-a, Tax L

2015-A7174A (ACTIVE) - Summary

Exempts the conveyance of real property for open space, parks, or historic preservation purposes to any not-for-profit tax exempt corporation operated for conservation, environmental, or historic preservation purposes from the additional tax on real estate transfers of residential real property where the consideration is one million dollars or more.

2015-A7174A (ACTIVE) - Bill Text download pdf

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

                                 7174--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             April 27, 2015
                               ___________

Introduced by M. of A. THIELE -- read once and referred to the Committee
  on Ways and Means -- recommitted to the Committee on Ways and Means in
  accordance  with Assembly Rule 3, sec. 2 -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

AN  ACT to amend the tax law, in relation to exempting the conveyance of
  real property for open space, parks, or historic preservation purposes
  to any not-for-profit tax exempt corporation  operated  for  conserva-
  tion,  environmental, or historic preservation purposes from the state
  real estate transfer tax and the additional tax on real estate  trans-
  fers  of  residential  real  property  where  the consideration is one
  million dollars or more

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

  Section  1.  Section  1402-a of the tax law is amended by adding a new
subdivision (d) to read as follows:
  (D) NOTWITHSTANDING ANY PROVISION OF LAW  TO  THE  CONTRARY,  THE  TAX
IMPOSED  PURSUANT TO SECTION ONE THOUSAND FOUR HUNDRED TWO OF THIS ARTI-
CLE AND THE ADDITIONAL TAX IMPOSED BY THIS SECTION SHALL  NOT  APPLY  TO
THE CONVEYANCE OF REAL PROPERTY FOR OPEN SPACE, PARKS, OR HISTORIC PRES-
ERVATION  PURPOSES TO ANY NOT-FOR-PROFIT TAX EXEMPT CORPORATION OPERATED
FOR CONSERVATION, ENVIRONMENTAL OR HISTORIC PRESERVATION PURPOSES.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10569-02-6


              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.