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 |
Mar 19, 2018 |
referred to local governments delivered to assembly passed senate |
Mar 13, 2018 |
advanced to third reading |
Mar 12, 2018 |
2nd report cal. |
Mar 06, 2018 |
1st report cal.590 |
Jan 03, 2018 |
referred to corporations, authorities and commissions |
Dec 07, 2017 |
referred to rules |
Senate Bill S6967
Signed By Governor2017-2018 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status - 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
2017-S6967 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8881
- Law Section:
- Not-for-Profit Corporation Law
- Laws Affected:
- Amd §1608, N-PC L
2017-S6967 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6967 SPONSOR: VALESKY TITLE OF BILL: 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 PURPOSE: To ensure consistent treatment of tax exempt status of land bank proper- ty SUMMARY OF PROVISIONS: Section 1: Amends § 1608(a) of the Not-for-Profit Corporation Law to clarify that the tax exempt status of real property held by a land bank becomes effective up the transfer of title, notwithstanding the applica- ble taxable date.
2017-S6967 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6967 2017-2018 Regular Sessions I N S E N A T E December 7, 2017 ___________ Introduced by Sen. VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Rules 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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