S T A T E O F N E W Y O R K
________________________________________________________________________
4923
2021-2022 Regular Sessions
I N A S S E M B L Y
February 9, 2021
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Introduced by M. of A. MONTESANO, J. M. GIGLIO, McDONOUGH, RA, LAVINE --
Multi-Sponsored by -- M. of A. BLANKENBUSH -- read once and referred
to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to privately
owned water-works corporations
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 485-d of the real property tax law, as added by
chapter 726 of the laws of 1985, is amended to read as follows:
§ 485-d. Water-works corporations. 1. Real property situated in a city
with a population of one million or more owned by a water-works corpo-
ration subject to the provisions of the public service law and used
exclusively for the sale, furnishing and distribution of water for
domestic, commercial and public purposes, shall be wholly or partially
exempt from taxation provided that the local legislative body of such
city within which such property is situated adopts a local law so
providing.
2. REAL PROPERTY OWNED BY A PRIVATE WATER-WORKS CORPORATION SUBJECT TO
THE PROVISIONS OF THE PUBLIC SERVICE LAW AND USED EXCLUSIVELY FOR THE
SALE, FURNISHING AND DISTRIBUTION OF WATER FOR DOMESTIC, COMMERCIAL AND
PUBLIC PURPOSES, SHALL BE WHOLLY OR PARTIALLY EXEMPT FROM TAXATION
PROVIDED THAT THE LOCAL LEGISLATIVE BODY OF SUCH CITY, COUNTY, TOWN,
VILLAGE OR SCHOOL DISTRICT WITHIN WHICH SUCH PROPERTY IS SITUATED ADOPTS
A LOCAL LAW SO PROVIDING.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08494-01-1