S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4045--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 9, 2023
                                ___________
 
 Introduced  by  M.  of A. GUNTHER, COOK -- read once and referred to the
   Committee on Real Property  Taxation  --  committee  discharged,  bill
   amended,  ordered reprinted as amended and recommitted to said commit-
   tee
 
 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-THREE  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.
                                                            LBD03722-03-3
              

 A. 4045--A                          2
 
   17.  NOTWITHSTANDING  ANY  PROVISION  OF THIS SECTION TO THE CONTRARY,
 REAL PROPERTY USED FOR THE PURPOSE OF A  CHILDREN'S  OVERNIGHT  CAMP  OR
 SUMMER  DAY  CAMP, AS SUCH TERMS ARE DEFINED IN SECTION THIRTEEN HUNDRED
 NINETY-TWO OF THE PUBLIC HEALTH LAW, AND REAL PROPERTY OWNED BY  A  NOT-
 FOR-PROFIT  CONSERVATION  ORGANIZATION  AS DEFINED IN SUBDIVISION TWO OF
 SECTION 49-0303 OF THE ENVIRONMENTAL CONSERVATION LAW  SHALL  BE  EXEMPT
 FROM THE PROVISIONS OF THIS SECTION.
   §  2. This act shall take effect on the first of January next succeed-
 ing the date on which it shall have become a law.