S T A T E O F N E W Y O R K
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10919
I N A S S E M B L Y
May 29, 2018
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Introduced by M. of A. CAHILL -- read once and referred to the Committee
on Real Property Taxation
AN ACT to amend the real property tax law, in relation to requiring the
comptroller to prepare and disseminate a report on exemptions from
taxation
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 496 of the real property tax law is amended by
adding a new subdivision 3-a to read as follows:
3-A. THE COMPTROLLER SHALL, BY JANUARY THIRTIETH OF EACH YEAR, PREPARE
AND DISSEMINATE A REPORT:
(A) DESCRIBING ALL BILLS ENACTED INTO LAW IN THE PREVIOUS YEAR CREAT-
ING OR ALTERING EXEMPTIONS FROM TAXATION OF PRIVATELY OWNED REAL PROPER-
TY;
(B) SUMMARIZING SUCH BILLS' PURPOSE; AND
(C) DETAILING TO THE EXTENT POSSIBLE SUCH BILLS' ESTIMATED FIRST YEAR
AND SUBSEQUENT YEAR FISCAL IMPACT ON ALL CLASSES OF LOCAL GOVERNMENTS.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD16073-01-8