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Senate Bill S8520

2021-2022 Legislative Session

Authorizes exemptions for certain residential properties with conservation easement agreements located in certain counties

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Archive: Last Bill Status - In Senate Committee Local Government Committee

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2021-S8520 (ACTIVE) - Details

See Assembly Version of this Bill:
A9535
Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Add §467-l, RPT L

2021-S8520 (ACTIVE) - Summary

Authorizes exemptions for certain residential properties with conservation easement agreements located in certain counties; authorizes cities, towns, villages or school districts within certain counties to adopt a resolution to grant a partial exemption from taxation and special ad valorem levies.

2021-S8520 (ACTIVE) - Sponsor Memo

2021-S8520 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8520
 
                             I N  S E N A T E
 
                               March 8, 2022
                                ___________
 
 Introduced by Sen. OBERACKER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 AN  ACT  to  amend the real property tax law, in relation to authorizing
   exemptions from certain real property taxes  and  special  ad  valorem
   levies  for  certain residential properties with conservation easement
   agreements located in certain counties

   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 467-l to read as follows:
   § 467-L. EXEMPTION  FOR  CERTAIN  RESIDENTIAL  PROPERTIES  LOCATED  IN
 CERTAIN  COUNTIES.  1.  AFTER A PUBLIC HEARING, THE GOVERNING BOARD OF A
 COUNTY WITH A POPULATION GREATER THAN ONE  HUNDRED  THREE  THOUSAND  AND
 LESS  THAN  ONE  HUNDRED  EIGHT THOUSAND BASED UPON THE LATEST DECENNIAL
 CENSUS MAY ADOPT A LOCAL LAW TO GRANT A PARTIAL EXEMPTION FROM  TAXATION
 AND  SPECIAL  AD  VALOREM  LEVIES  AUTHORIZED  PURSUANT TO THIS SECTION.
 FOLLOWING SUCH ADOPTION, ANY CITY, TOWN OR VILLAGE WITHIN SUCH A  COUNTY
 MAY  ADOPT A LOCAL LAW AND A SCHOOL DISTRICT WITHIN SUCH A COUNTY, OTHER
 THAN A SCHOOL DISTRICT SUBJECT TO ARTICLE  FIFTY-TWO  OF  THE  EDUCATION
 LAW, MAY ADOPT A RESOLUTION TO ALSO GRANT A PARTIAL EXEMPTION FROM TAXA-
 TION  AND SPECIAL AD VALOREM LEVIES AUTHORIZED PURSUANT TO THIS SECTION,
 AND A SPECIAL AD VALOREM DISTRICT WITHIN  SUCH  A  COUNTY  MAY  ADOPT  A
 RESOLUTION  TO  ALSO  GRANT  A PARTIAL EXEMPTION FROM SPECIAL AD VALOREM
 LEVIES AUTHORIZED PURSUANT TO THIS SECTION.
   2. THE REAL PROPERTY TAX EXEMPTION AUTHORIZED BY  SUBDIVISION  ONE  OF
 THIS  SECTION  SHALL BE IN AN AMOUNT EQUAL TO FIFTY PERCENT OF THE LOCAL
 REAL PROPERTY TAXATION FOR A CONSERVATION  EASEMENT  FOR  REAL  PROPERTY
 WHOSE  INTERESTS  OR  RIGHTS  HAVE  BEEN ACQUIRED FOR THE PURPOSE OF THE
 PRESERVATION OF AN OPEN SPACE OR AN OPEN AREA AND THAT HAS ENTERED  INTO
 A  CONSERVATION EASEMENT AGREEMENT WITH A QUALIFIED LAND TRUST ORGANIZA-
 TION OR A LOCAL MUNICIPALITY.
   3. SUCH EXEMPTION SHALL BE GRANTED ONLY UPON APPLICATION BY THE  OWNER
 OR  OWNERS OF SUCH REAL PROPERTY ON A FORM PRESCRIBED BY THE COMMISSION-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14744-02-2

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