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
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (14)
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

Votes

view votes

Mar 6, 2018 - Corporations, Authorities and Commissions committee Vote

S6967
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Corporations, Authorities and Commissions committee vote details

Corporations, Authorities and Commissions Committee Vote: Mar 6, 2018

S6967 (ACTIVE) - Details

See Assembly Version of this Bill:
A8881
Law Section:
Not-for-Profit Corporation Law
Laws Affected:
Amd §1608, N-PC L

S6967 (ACTIVE) - Summary

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

S6967 (ACTIVE) - Sponsor Memo

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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