Exempts certain not-for-profit corporations from the real estate transfer tax if such conveyance is to a food relief organization for the purpose of providing food for free to persons experiencing food insecurity.
STATE OF NEW YORK
________________________________________________________________________
389
2025-2026 Regular Sessions
IN SENATE(Prefiled)
January 8, 2025
___________
Introduced by Sen. PALUMBO -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to amend the tax law, in relation to exempting certain not-for-
profit corporations from the real estate transfer tax if such convey-
ance is for the purpose of providing food for free to persons experi-
encing food insecurity
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 1449-ee of the tax law is amended by adding a new
2 subdivision 6 to read as follows:
3 6. In addition to any other exemption provided by this section, a town
4 may, by local law, provide an exemption for conveyances to any food
5 relief organization. For the purposes of this subdivision, a "food
6 relief organization" shall mean a religious organization or any other
7 tax exempt corporation, incorporated pursuant to the not-for-profit
8 corporation law, that provides food for free to persons experiencing
9 food insecurity, including but not limited to a food pantry, food bank,
10 or soup kitchen.
11 § 2. This act shall take effect immediately; provided, however, that
12 the amendments to section 1449-ee of the tax law made by section one of
13 this act shall not affect the repeal of such section and shall be deemed
14 repealed therewith.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01608-01-5
