S T A T E O F N E W Y O R K
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11295
I N A S S E M B L Y
July 25, 2018
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Introduced by COMMITTEE ON RULES -- (at request of M. of A. Pellegrino)
-- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to authorizing
counties with a population of one million or more to implement real
property tax exemptions for property owned by water-works corporations
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 485-d of the real property tax law, as added by
chapter 726 of the laws of 1985, is amended to read as follows:
§ 485-d. Water-works corporations. Real property situated in a city OR
COUNTY with a population of one million or more owned by a water-works
corporation subject to the provisions of the public service law and used
exclusively for the sale, furnishing and distribution of water for
domestic, commercial and public purposes, shall be wholly or partially
exempt from taxation provided that the local legislative body of such
city OR COUNTY within which such property is situated adopts a local law
so providing.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD16399-01-8