assembly Bill A278

2021-2022 Legislative Session

Sets a seven year limit to the real property tax exemption for unimproved property of mandatory class nonprofit organizations

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 06, 2021 referred to real property taxation

Co-Sponsors

A278 (ACTIVE) - Details

Law Section:
Real Property Tax Law
Laws Affected:
Amd §420-a, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: A981
2011-2012: A499
2013-2014: A1711
2015-2016: A855
2017-2018: A270
2019-2020: A3692

A278 (ACTIVE) - Summary

Sets a 7-year limit to the real property tax exemption for unimproved property of mandatory class nonprofit organizations.

A278 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    278
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced  by  M.  of A. GUNTHER, COOK -- read once and referred to the
   Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation to  the  duration
   of  the  exemption for property of mandatory class nonprofit organiza-
   tions by reason of the absence of suitable buildings  or  improvements
   thereon  if  construction  of  such  buildings  or  improvements is in
   progress or is in good faith contemplated
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  3  of section 420-a of the real property tax
 law, such section as renumbered by chapter 919 of the laws of  1981,  is
 amended and a new subdivision 17 is added to read as follows:
   3. Such real property from which no revenue is derived shall be exempt
 though  not  in actual use therefor by reason of the absence of suitable
 buildings or OTHER PHYSICAL improvements thereon if:
   (a) the construction of such buildings or OTHER PHYSICAL  improvements
 is  in  progress or is in good faith contemplated by such corporation or
 association WITHIN SEVEN YEARS AFTER SUCH PROPERTY HAS BEEN ACQUIRED  BY
 SUCH  CORPORATION  OR  ASSOCIATION; FOR THE PURPOSES OF CALCULATING SUCH
 SEVEN YEARS' PERIOD, WITH RESPECT TO PROPERTY ACQUIRED BEFORE THE EFFEC-
 TIVE DATE OF THE CHAPTER OF THE LAWS OF TWO  THOUSAND  TWENTY-ONE  WHICH
 AMENDED  THIS  SUBDIVISION,  SUCH  SEVEN YEARS' PERIOD SHALL COMMENCE ON
 SUCH EFFECTIVE DATE, AND WITH RESPECT TO PROPERTY ACQUIRED ON  OR  AFTER
 SUCH EFFECTIVE DATE, SUCH SEVEN YEARS' PERIOD SHALL COMMENCE ON THE DATE
 OF ACQUISITION; or
   (b) such real property is held by such corporation or association upon
 condition  that  the title thereto shall revert in case any building not
 intended and suitable for one or more such  purposes  shall  be  erected
 upon such premises or some part thereof.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.