Senate Bill S7076

                                
 
BILL NUMBER: S7076

SPONSOR: PALUMBO
 
TITLE OF BILL:

An act to amend the tax law, in relation to exempting certain not-for-
profit corporations from the real estate transfer tax if such conveyance
is for the purpose of providing food for free to persons experiencing
food insecurity

 
PURPOSE:

Exempts certain not-for-profit corporations from the real estate trans-
fer tax if such conveyance is for the purpose of providing food for free
to persons experiencing food insecurity.

 
SUMMARY OF PROVISIONS:

Section 1. Section 1449-ee of the tax law is amended by adding a new
subdivision 6. For the purposes of this subdivision a "food relief
organization" shall mean a religious organization or any other tax
              

exempt corporation, incorporated pursuant to the not-for-profit corpo-
ration law, that provides food for free to persons experiencing food
insecurity, including but not limited to a food pantry, food bank or
soup kitchen

Section 2. Effective date.

 
JUSTIFICATION:

Tax-exempt non-profit human service organizations provide a safety net
and promote self-sufficiency for residents in need on the North Fork of
Long Island. These non-profit organizations on the East End fill a range
of basic needs with food pantries and mobile food pantries for those
home bound or with transportation barrier. Also, food rescue, farm to
friend programs, programs for providing meals to kids when school are
closed, sharing rooms for clothes and household items and emergency
assistance for urgent needs impacting health and safety.  They provide
many human services that the Towns do not provide.  Similar to the
exemption for tax-exempt non profit affordable housing organizations,
this legislation provides a limited amendment to article 310d, section
1449-ee allowing a full exemption from the Peconic Bay Transfer Tax
(Peconic Bay Region Community Preservation Fund) at the discretion of
the local East End Towns for a very limited group of tax-exempt non-pro-
fit human service organizations providing essential services for Town
residents.

 
LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS:

None to the State.

 
EFFECTIVE DATE:
This act shall take effect immediately; provided, however, that the
amendments to section 1449- ee of the tax law made by section one of
this act shall not affect the repeal of such section and shall be deemed
repealed therewith..