Assembly Bill A9678B

Signed By Governor
2015-2016 Legislative Session

Provides for an exemption for certain real property in certain counties

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Archive: Last Bill Status - Signed by Governor


  • 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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Bill Amendments

2015-A9678 - Details

See Senate Version of this Bill:
S7257
Law Section:
Real Property Tax Law
Laws Affected:
Add §467-j, Tax L

2015-A9678 - Summary

Provides for an exemption for certain real property in certain counties.

2015-A9678 - Bill Text download pdf

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

                                  9678

                          I N  A S S E M B L Y

                             March 29, 2016
                               ___________

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

AN  ACT  to  amend the real property tax law, in relation to providing a
  real property tax exemption for certain  property  in  the  county  of
  Tompkins

  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 467-i to read as follows:
  S  467-I. EXEMPTION FOR CERTAIN PROPERTY IN THE COUNTY OF TOMPKINS. 1.
NOTWITHSTANDING ANY OTHER PROVISION OF LAW, THE COUNTY OF  TOMPKINS,  BY
LOCAL  LAW  AFTER  PUBLIC HEARING AND BY LOCAL OPTION OF THE LEGISLATURE
BOARD IN THE ASSESSING UNIT, IS AUTHORIZED TO GRANT A PARTIAL REAL PROP-
ERTY TAX EXEMPTION FOR PROPERTY WHICH IS LOCATED IN SUCH COUNTY  AND  IS
OWNED  BY  A NON-PROFIT ENTITY WHICH IS SUBJECT TO AN INITIAL REGULATORY
AGREEMENT ESTABLISHED IN SUCH COUNTY.
  2. THE REAL PROPERTY TAX EXEMPTION AUTHORIZED BY  SUBDIVISION  ONE  OF
THIS  SECTION  SHALL BE IN AN AMOUNT EQUAL TO THE DIFFERENCE BETWEEN THE
FULL RESALE VALUE OF SUCH REAL PROPERTY ABSENT ANY RESTRICTION  AND  THE
MAXIMUM  RESALE  VALUE  OF SUCH REAL PROPERTY ESTABLISHED BY SUCH GROUND
LEASE TO RESIDENTIAL PROPERTIES LOCATED ON LAND OWNED BY A  NOT-FOR-PRO-
FIT ENTITY AND SUBJECT TO REGULATORY RESTRICTIONS FROM FEDERAL, STATE OR
LOCAL  HOUSING  PROGRAMS THAT PROVIDE GRANTS OR LOANS TO ENHANCE HOUSING
AFFORDABILITY AND SUBJECT TO A GROUND LEASE OR  DEED  RESTRICTIONS  THAT
RESTRICT  THE  RESALE  PRICE  OF  SUCH REAL PROPERTY FOR AT LEAST THIRTY
YEARS.
  S 2. This act shall take effect immediately and shall apply to assess-
ment rolls prepared on the basis of taxable status dates occurring on or
after such date.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14572-02-6


              

2015-A9678A - Details

See Senate Version of this Bill:
S7257
Law Section:
Real Property Tax Law
Laws Affected:
Add §467-j, Tax L

2015-A9678A - Summary

Provides for an exemption for certain real property in certain counties.

2015-A9678A - Bill Text download pdf

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

                                 9678--A

                          I N  A S S E M B L Y

                             March 29, 2016
                               ___________

Introduced by M. of A. LIFTON -- read once and referred to the Committee
  on  Real  Property  Taxation  --  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  providing  a
  real  property  tax  exemption  for  certain property in the county of
  Tompkins

  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 467-j to read as follows:
  S 467-J. EXEMPTION FOR CERTAIN PROPERTY IN THE COUNTY OF TOMPKINS.  1.
NOTWITHSTANDING  ANY  OTHER PROVISION OF LAW, THE COUNTY OF TOMPKINS, BY
LOCAL LAW AFTER PUBLIC HEARING AND BY LOCAL OPTION  OF  THE  LEGISLATURE
BOARD IN THE ASSESSING UNIT, IS AUTHORIZED TO GRANT A PARTIAL REAL PROP-
ERTY  TAX  EXEMPTION FOR PROPERTY WHICH IS LOCATED IN SUCH COUNTY AND IS
OWNED BY A NON-PROFIT ENTITY WHICH IS SUBJECT TO AN  INITIAL  REGULATORY
AGREEMENT ESTABLISHED IN SUCH COUNTY.
  2.  THE  REAL  PROPERTY TAX EXEMPTION AUTHORIZED BY SUBDIVISION ONE OF
THIS SECTION SHALL BE IN AN AMOUNT EQUAL TO THE DIFFERENCE  BETWEEN  THE
FULL  RESALE  VALUE OF SUCH REAL PROPERTY ABSENT ANY RESTRICTION AND THE
MAXIMUM RESALE VALUE OF SUCH REAL PROPERTY ESTABLISHED  BY  SUCH  GROUND
LEASE  TO RESIDENTIAL PROPERTIES LOCATED ON LAND OWNED BY A NOT-FOR-PRO-
FIT ENTITY AND SUBJECT TO REGULATORY RESTRICTIONS FROM FEDERAL, STATE OR
LOCAL HOUSING PROGRAMS THAT PROVIDE GRANTS OR LOANS TO  ENHANCE  HOUSING
AFFORDABILITY  AND  SUBJECT  TO A GROUND LEASE OR DEED RESTRICTIONS THAT
RESTRICT THE RESALE PRICE OF SUCH REAL  PROPERTY  FOR  AT  LEAST  THIRTY
YEARS.
  S 2. This act shall take effect immediately and shall apply to assess-
ment rolls prepared on the basis of taxable status dates occurring on or
after such date.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14572-03-6


              

2015-A9678B (ACTIVE) - Details

See Senate Version of this Bill:
S7257
Law Section:
Real Property Tax Law
Laws Affected:
Add §467-j, Tax L

2015-A9678B (ACTIVE) - Summary

Provides for an exemption for certain real property in certain counties.

2015-A9678B (ACTIVE) - Bill Text download pdf

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

                                 9678--B

                          I N  A S S E M B L Y

                             March 29, 2016
                               ___________

Introduced by M. of A. LIFTON -- read once and referred to the Committee
  on  Real  Property  Taxation  --  committee  discharged, bill amended,
  ordered reprinted as amended and  recommitted  to  said  committee  --
  again  reported from said committee with amendments, ordered reprinted
  as amended and recommitted to said committee

AN ACT to amend the real property tax law, in relation  to  providing  a
  real property tax exemption for certain property in certain counties

  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 467-j to read as follows:
  S  467-J.    EXEMPTION  FOR  CERTAIN RESIDENTIAL PROPERTIES LOCATED IN
CERTAIN COUNTIES. 1. AFTER A PUBLIC HEARING, THE GOVERNING  BOARD  OF  A
COUNTY WITH A POPULATION GREATER THAN ONE HUNDRED THOUSAND AND LESS THAN
ONE  HUNDRED  FIVE  THOUSAND  BASED UPON THE LATEST DECENNIAL CENSUS MAY
ADOPT A LOCAL LAW TO GRANT A PARTIAL EXEMPTION FROM TAXATION AND SPECIAL
AD VALOREM LEVIES AUTHORIZED PURSUANT TO THIS  SECTION.  FOLLOWING  SUCH
ADOPTION,  ANY  CITY,  TOWN  OR VILLAGE WITHIN SUCH A COUNTY MAY ADOPT A
LOCAL LAW AND A SCHOOL DISTRICT WITHIN  SUCH  A  COUNTY,  OTHER  THAN  A
SCHOOL  DISTRICT  SUBJECT TO ARTICLE FIFTY-TWO OF THE EDUCATION LAW, MAY
ADOPT A RESOLUTION TO ALSO GRANT A PARTIAL EXEMPTION FROM  TAXATION  AND
SPECIAL AD VALOREM LEVIES AUTHORIZED PURSUANT TO THIS SECTION.
  2.  THE  REAL  PROPERTY TAX EXEMPTION AUTHORIZED BY SUBDIVISION ONE OF
THIS SECTION SHALL BE IN AN AMOUNT EQUAL TO THE LATEST  STATE  EQUALIZA-
TION  RATE MULTIPLIED BY THE DIFFERENCE BETWEEN THE FULL RESALE VALUE OF
SUCH REAL PROPERTY ABSENT ANY RESTRICTION AND THE MAXIMUM  RESALE  VALUE
OF  SUCH  REAL  PROPERTY ESTABLISHED BY SUCH GROUND LEASE TO RESIDENTIAL
PROPERTIES LOCATED ON LAND OWNED BY A NOT-FOR-PROFIT ENTITY AND  SUBJECT
TO REGULATORY RESTRICTIONS FROM FEDERAL, STATE OR LOCAL HOUSING PROGRAMS
THAT  PROVIDE  GRANTS  OR  LOANS  TO  ENHANCE  HOUSING AFFORDABILITY AND
SUBJECT TO A GROUND LEASE OR DEED RESTRICTIONS THAT RESTRICT THE  RESALE
PRICE OF SUCH REAL PROPERTY FOR AT LEAST THIRTY YEARS.
  3.  SUCH EXEMPTION SHALL BE GRANTED ONLY UPON APPLICATION BY THE OWNER
OR OWNERS OF SUCH REAL PROPERTY ON A FORM PRESCRIBED BY THE  COMMISSION-

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

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