Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 28, 2018 |
signed chap.483 |
Dec 18, 2018 |
delivered to governor |
Jun 14, 2018 |
returned to senate passed assembly ordered to third reading rules cal.172 substituted for a8881 |
Jun 14, 2018 |
substituted by s6967 |
Jun 13, 2018 |
ordered to third reading rules cal.172 rules report cal.172 reported |
Jun 11, 2018 |
reported referred to rules |
Jun 07, 2018 |
reported referred to ways and means |
Jan 03, 2018 |
referred to local governments |
Dec 22, 2017 |
referred to local governments |
Assembly Bill A8881
Signed By Governor2017-2018 Legislative Session
Sponsored By
MAGNARELLI
Archive: Last Bill Status Via S6967 - 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
Actions
Votes
co-Sponsors
John T. McDonald III
Angelo Santabarbara
Donna Lupardo
2017-A8881 (ACTIVE) - Details
- See Senate Version of this Bill:
- S6967
- Law Section:
- Not-for-Profit Corporation Law
- Laws Affected:
- Amd §1608, N-PC L
2017-A8881 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8881 2017-2018 Regular Sessions I N A S S E M B L Y December 22, 2017 ___________ Introduced by M. of A. MAGNARELLI -- read once and referred to the Committee on Local Governments AN ACT to amend the not-for-profit corporation law, in relation to the effective date for the tax exempt status of the real property of a land bank THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of section 1608 of the not-for-profit corpo- ration law, as amended by chapter 349 of the laws of 2017, is amended to read as follows: (a) The real property of a land bank and its income and operations are exempt from all taxation by the state of New York and by any of its political subdivisions. The real property of a land bank shall be exempt from: (i) all special ad valorem levies and special assessments as defined in section one hundred two of the real property tax law; (ii) sewer rent imposed under article fourteen-F of the general municipal law; and (iii) any and all user charges imposed by any municipal corpo- ration, special district or other political subdivisions of the state, provided, however, that real property of a land bank for which such land bank receives rent, fees, or other charges for the use of such real property shall not be exempt from subparagraphs (ii) and (iii) of this paragraph. SUCH EXEMPT STATUS SHALL BE EFFECTIVE UPON THE DATE OF TRANS- FER OF TITLE TO A LAND BANK, NOTWITHSTANDING THE APPLICABLE TAXABLE STATUS DATE. Notwithstanding any other general, special or local law relating to fees of clerks, no clerk shall charge or collect a fee for filing, recording or indexing any paper, document, map or proceeding filed, recorded or indexed for a land bank, or an officer thereof acting in an official capacity, nor for furnishing a transcript, certification or copy of any paper, document, map or proceeding to be used for land bank purposes. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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