Relates to exempting the real property of a land bank from certain sewer rent and user charges imposed by the state of New York and by any of its political subdivisions.
STATE OF NEW YORK
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4346--A
Cal. No. 302
2017-2018 Regular Sessions
IN SENATE
February 10, 2017
___________
Introduced by Sen. VALESKY -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions -- reported favorably from said committee, ordered to
first and second report, ordered to a third reading, amended and
ordered reprinted, retaining its place in the order of third reading
AN ACT to amend the not-for-profit corporation law, in relation to
exempting the real property of a land bank from certain sewer rent and
user charges imposed by the state of New York and by any of its poli-
tical subdivisions
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph (a) of section 1608 of the not-for-profit corpo-
2 ration law, as amended by chapter 441 of the laws of 2016, is amended to
3 read as follows:
4 (a) The real property of a land bank and its income and operations are
5 exempt from all taxation by the state of New York and by any of its
6 political subdivisions. The real property of a land bank shall be exempt
7 from: (i) all special ad valorem levies and special assessments as
8 defined in section one hundred two of the real property tax law; (ii)
9 sewer rent imposed under article fourteen-F of the general municipal
10 law; and (iii) any and all user charges imposed by any municipal corpo-
11 ration, special district or other political subdivisions of the state,
12 provided, however, that real property of a land bank for which such land
13 bank receives rent, fees, or other charges for the use of such real
14 property shall not be exempt from subparagraphs (ii) and (iii) of this
15 paragraph. Notwithstanding any other general, special or local law
16 relating to fees of clerks, no clerk shall charge or collect a fee for
17 filing, recording or indexing any paper, document, map or proceeding
18 filed, recorded or indexed for a land bank, or an officer thereof acting
19 in an official capacity, nor for furnishing a transcript, certification
20 or copy of any paper, document, map or proceeding to be used for land
21 bank purposes.
22 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09872-03-7
