| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 16, 2025 |
referred to local government |
Senate Bill S2373
2025-2026 Legislative Session
Sponsored By
(D) 42nd Senate District
Current Bill Status - In Senate Committee Local Government Committee
Actions
co-Sponsors
(D) 26th Senate District
(D, WF) 28th Senate District
(D) 50th Senate District
2025-S2373 (ACTIVE) - Details
2025-S2373 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2373
SPONSOR: SKOUFIS
TITLE OF BILL:
An act to amend the real property tax law, in relation to the duration
of the exemption for property of mandatory class nonprofit organizations
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
PURPOSE:
To establish stricter standards for non-profit organizations that
purchase land and file an application for municipal real property
exemption. The purpose of this bill is to ensure that properties exempt
from real property taxes are being used in a manner that supports the
specific exemption granted.
SUMMARY OF PROVISIONS:
Section 1: Amends Real Property Law section 420-a (subdivision 3) to
2025-S2373 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
2373
2025-2026 Regular Sessions
I N S E N A T E
January 16, 2025
___________
Introduced by Sens. SKOUFIS, GOUNARDES, KRUEGER -- 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 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-FIVE 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.
LBD06382-01-5
S. 2373 2
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