Assembly Bill A1923

2019-2020 Legislative Session

Exempts from taxation real property owned by a non-profit organization organized for the purpose of promoting future economic development

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee

  • 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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2019-A1923 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §420-b, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3960
2011-2012: A2785
2013-2014: A2157
2015-2016: A2236
2017-2018: A2233

2019-A1923 (ACTIVE) - Summary

Creates a permissive class exemption from real property taxation on any real property owned by a non-profit organization organized for the purpose of promoting future economic development by means of the acquisition of real property for business, commercial or industrial development purposes.

2019-A1923 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1923
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 18, 2019
                                ___________
 
 Introduced  by  M.  of A. CROUCH, MORINELLO -- read once and referred to
   the Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation to the  exemption
   for non-profit organizations
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph (a) of subdivision 1 of section 420-b of the real
 property tax law, as added by chapter  919  of  the  laws  of  1981,  is
 amended to read as follows:
   (a)  Real  property  owned  by  a  corporation or association which is
 organized exclusively for bible, tract, benevolent,  missionary,  infir-
 mary,  public playground, scientific, literary, bar association, medical
 society, library, patriotic or historical purposes, for the  development
 of  good  sportsmanship  for  persons  under  the  age of eighteen years
 through the conduct of supervised athletic games,  FOR  THE  PURPOSE  OF
 PROMOTING  FUTURE  ECONOMIC  DEVELOPMENT  BY MEANS OF THE ACQUISITION OF
 REAL  PROPERTY  FOR  BUSINESS,  COMMERCIAL,  OR  INDUSTRIAL  DEVELOPMENT
 PURPOSES,  for  the enforcement of laws relating to children or animals,
 or for two or more such purposes, and used exclusively for carrying  out
 thereupon  one or more of such purposes either by the owning corporation
 or association, or by another such corporation or association as herein-
 after provided, shall be exempt from taxation; provided,  however,  that
 such property shall be taxable by any municipal corporation within which
 it  is  located  if  the  governing board of such municipal corporation,
 after public hearing, adopts a local law,  ordinance  or  resolution  so
 providing.  None of the following subdivisions of this section providing
 that certain properties shall be exempt under  circumstances  or  condi-
 tions  set  forth  in  such subdivisions shall exempt such property from
 taxation by a municipal corporation whose governing board has adopted  a
 local law, ordinance or resolution providing that such property shall be
 taxable pursuant to this subdivision.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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