S T A T E O F N E W Y O R K
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11091
I N A S S E M B L Y
October 28, 2020
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Introduced by COMMITTEE ON RULES -- (at request of M. of A. Buttenschon)
-- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to requiring
special franchise owners to provide public utility reports to asses-
sors upon request
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The real property tax law is amended by adding a new
section 604-a to read as follows:
§ 604-A. SPECIAL FRANCHISE REPORTS TO LOCAL ASSESSORS. A SPECIAL FRAN-
CHISE OWNER SHALL, UPON THE REQUEST OF THE ASSESSOR OF THE LOCAL ASSESS-
ING JURISDICTION IN WHICH SUCH OWNER'S SPECIAL FRANCHISE PROPERTY IS
LOCATED, PROVIDE TO SUCH ASSESSOR A COPY OF ANY ANNUAL REPORTS AND
SUPPLEMENTAL REPORTS FILED BY SUCH OWNER WITH THE COMMISSIONER PURSUANT
TO SUBDIVISION TWO OF SECTION SIX HUNDRED FOUR OF THIS ARTICLE REGARDING
SUCH PROPERTY, EXCEPT FOR ANNUAL FINANCIAL REPORTS OR STATEMENTS, WITHIN
TEN BUSINESS DAYS OF SUCH REQUEST.
§ 2. This act shall take effect immediately and shall apply to annual
reports and supplemental reports filed with the commissioner of taxation
and finance on and after such effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD17328-01-0