A05308 Summary:
| BILL NO | A05308 |
| SAME AS | SAME AS S05549 |
| SPONSOR | Lasher |
| COSPNSR | Carroll R |
| MLTSPNSR | |
| Add §498, RPT L | |
| Relates to prohibiting exemptions for owners of vacant or unoccupied storefront properties. | |
A05308 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 5308 2025-2026 Regular Sessions IN ASSEMBLY February 13, 2025 ___________ Introduced by M. of A. LASHER -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to prohibiting exemptions for owners of vacant or unoccupied storefront properties The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The real property tax law is amended by adding a new 2 section 498 to read as follows: 3 § 498. Prohibition on eligibility of exemptions for owners of vacant 4 or unoccupied storefront properties. 1. Notwithstanding any other 5 provision of law, any owner of a commercial storefront property shall 6 not be eligible for an exemption under this chapter on such property if 7 the property has been vacant or unoccupied for at least two years. 8 2. For purposes of this section: 9 (a) "commercial storefront property" shall mean any non-residential 10 property that may be used primarily for the buying, selling or otherwise 11 providing of goods or services, which is located on the ground floor or 12 street level of a commercial building; 13 (b) "vacant" shall mean minimal or no inanimate objects on such prop- 14 erty; and 15 (c) "unoccupied" shall mean a lack of habitual presence of individuals 16 primarily engaged in buying, selling or otherwise providing goods or 17 services. 18 § 2. This act shall take effect immediately and shall apply to assess- 19 ment rolls prepared on the basis of taxable status dates occurring on or 20 after such date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD08493-01-5