Senate Bill S2899

Signed By Governor
2017-2018 Legislative Session

Relates to property tax credits for farmers

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

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2017-S2899 (ACTIVE) - Details

See Assembly Version of this Bill:
A4650
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in 2015-2016 Legislative Session:
S7170, A9892

2017-S2899 (ACTIVE) - Summary

Relates to property tax credits for farmers; adds property owned in trust to which a taxpayer is a beneficiary to qualified agricultural property.

2017-S2899 (ACTIVE) - Sponsor Memo

2017-S2899 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2899
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 18, 2017
                                ___________
 
 Introduced  by  Sen. RITCHIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Investigations and Govern-
   ment Operations
 
 AN ACT to amend the tax law, in relation to  property  tax  credits  for
   farmers
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph 3 of subsection (n) of section  606  of  the  tax
 law,  as  amended by chapter 728 of the laws of 2005, is amended to read
 as follows:
   (3) School district property taxes. For purposes of  this  subsection,
 the  term  "school  district  property  taxes" means all property taxes,
 special ad valorem levies and special assessments, exclusive  of  penal-
 ties  and interest, levied for school district purposes on the qualified
 agricultural property (A) owned by the taxpayer [or], (B) owned  by  the
 father,  mother,  grandfather,  grandmother,  brother  or  sister of the
 taxpayer  and  a  written  agreement  expressing  intent  to  eventually
 purchase  the land has been entered into, OR (C) OWNED BY TRUST TO WHICH
 THE TAXPAYER IS A BENEFICIARY.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08277-01-7



              

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