Assembly Actions -
Senate Actions - UPPERCASE
|Jan 03, 2018||
referred to local government
|Jan 20, 2017||
referred to local government
Senate Bill S3298
2017-2018 Legislative Session
Archive: Last Bill Status - In Senate Committee Local Government Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2017-S3298 (ACTIVE) - Details
2017-S3298 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3298 TITLE OF BILL : An act to amend the real property tax law, in relation to the duration of the exemption for property of mandatory class nonprofit organizations by reason of the absence of suitable buildings or improvements thereon if construction of such buildings or improvements is in progress or is in good faith contemplated PURPOSE : To establish stricter standards for non-profit organizations that purchase land and file an application for municipal real property exemption. The purpose of this bill is to ensure that properties exempt from real property taxes are being used in a manner that supports the specific exemption granted. SUMMARY OF PROVISIONS : Section 1: Amends Real Property Law section 420-a (3) to permit a non-profit organizations that purchase real property that is on the tax rolls to obtain a real property exemption if such organization within 7 years after such property is acquired constructs buildings or other capital improvements or is in good faith contemplating such construction to further its charitable purposes. EXISTING LAW :
2017-S3298 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3298 2017-2018 Regular Sessions I N S E N A T E January 20, 2017 ___________ Introduced by Sens. LARKIN, LATIMER -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to the duration of the exemption for property of mandatory class nonprofit organiza- tions by reason of the absence of suitable buildings or improvements thereon if construction of such buildings or improvements is in progress or is in good faith contemplated THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 3 of section 420-a of the real property tax law, such section as renumbered by chapter 919 of the laws of 1981, is amended to read as follows: 3. Such real property from which no revenue is derived shall be exempt though not in actual use therefor by reason of the absence of suitable buildings or OTHER PHYSICAL improvements thereon if: (a) the construction of such buildings or OTHER PHYSICAL improvements is in progress or is in good faith contemplated by such corporation or association WITHIN SEVEN YEARS AFTER SUCH PROPERTY HAS BEEN ACQUIRED BY SUCH CORPORATION OR ASSOCIATION; FOR THE PURPOSES OF CALCULATING SUCH SEVEN YEARS' PERIOD, WITH RESPECT TO PROPERTY ACQUIRED BEFORE THE EFFEC- TIVE DATE OF THE CHAPTER OF THE LAWS OF TWO THOUSAND SEVENTEEN WHICH AMENDED THIS SUBDIVISION, SUCH SEVEN YEARS' PERIOD SHALL COMMENCE ON SUCH EFFECTIVE DATE, AND WITH RESPECT TO PROPERTY ACQUIRED ON OR AFTER SUCH EFFECTIVE DATE, SUCH SEVEN YEARS' PERIOD SHALL COMMENCE ON THE DATE OF ACQUISITION; or (b) such real property is held by such corporation or association upon condition that the title thereto shall revert in case any building not intended and suitable for one or more such purposes shall be erected upon such premises or some part thereof. § 2. This act shall take effect on the first of January next succeed- ing the date on which it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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