Senate Bill S6967

Signed By Governor
2017-2018 Legislative Session

Relates to the effective date for the tax exempt status of the real property of a land bank

download bill text pdf

Sponsored By

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
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) - Summary

Relates to the effective date for the tax exempt status of the real property of a land bank.

2017-S6967 (ACTIVE) - Sponsor Memo

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.
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.