Assembly Bill A2233

2017-2018 Legislative Session

Exempts from taxation real property owned by a non-profit organization organized for the purpose of promoting future economic development

download bill text pdf

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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

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2017-A2233 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §420-b, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3960
2011-2012: A2785
2013-2014: A2157
2015-2016: A2236
2019-2020: A1923

2017-A2233 (ACTIVE) - Summary

Creates a permissive class exemption from real property taxation on any real property owned by a non-profit organization organized for the purpose of promoting future economic development by means of the acquisition of real property for business, commercial or industrial development purposes.

2017-A2233 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2233
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 17, 2017
                                ___________
 
 Introduced by M. of A. CROUCH -- read once and referred to the Committee
   on Real Property Taxation
 
 AN  ACT to amend the real property tax law, in relation to the exemption
   for non-profit organizations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph (a) of subdivision 1 of section 420-b of the real
 property  tax  law,  as  added  by  chapter  919 of the laws of 1981, is
 amended to read as follows:
   (a) Real property owned by  a  corporation  or  association  which  is
 organized  exclusively  for bible, tract, benevolent, missionary, infir-
 mary, public playground, scientific, literary, bar association,  medical
 society,  library, patriotic or historical purposes, for the development
 of good sportsmanship for  persons  under  the  age  of  eighteen  years
 through  the  conduct  of  supervised athletic games, FOR THE PURPOSE OF
 PROMOTING FUTURE ECONOMIC DEVELOPMENT BY MEANS  OF  THE  ACQUISITION  OF
 REAL  PROPERTY  FOR  BUSINESS,  COMMERCIAL,  OR  INDUSTRIAL  DEVELOPMENT
 PURPOSES, for the enforcement of laws relating to children  or  animals,
 or  for two or more such purposes, and used exclusively for carrying out
 thereupon one or more of such purposes either by the owning  corporation
 or association, or by another such corporation or association as herein-
 after  provided,  shall be exempt from taxation; provided, however, that
 such property shall be taxable by any municipal corporation within which
 it is located if the governing  board  of  such  municipal  corporation,
 after  public  hearing,  adopts  a local law, ordinance or resolution so
 providing. None of the following subdivisions of this section  providing
 that  certain  properties  shall be exempt under circumstances or condi-
 tions set forth in such subdivisions shall  exempt  such  property  from
 taxation  by a municipal corporation whose governing board has adopted a
 local law, ordinance or resolution providing that such property shall be
 taxable pursuant to this subdivision.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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