S01638 Summary:

BILL NOS01638
 
SAME ASNo Same As
 
SPONSORSKOUFIS
 
COSPNSRBIAGGI, GOUNARDES, KRUEGER, SAVINO
 
MLTSPNSR
 
Amd 420-a, RPT L
 
Sets a 7-year limit to the real property tax exemption for unimproved property of mandatory class nonprofit organizations.
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S01638 Actions:

BILL NOS01638
 
01/14/2021REFERRED TO LOCAL GOVERNMENT
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S01638 Committee Votes:

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S01638 Floor Votes:

There are no votes for this bill in this legislative session.
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S01638 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          1638
 
                               2021-2022 Regular Sessions
 
                    IN SENATE
 
                                    January 14, 2021
                                       ___________
 
        Introduced  by Sens. SKOUFIS, BIAGGI, GOUNARDES, KRUEGER, SAVINO -- 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:
 
     1    Section 1. Subdivision 3 of section 420-a of  the  real  property  tax
     2  law,  such  section as renumbered by chapter 919 of the laws of 1981, is
     3  amended and a new subdivision 17 is added to read as follows:
     4    3. Such real property from which no revenue is derived shall be exempt
     5  though not in actual use therefor by reason of the absence  of  suitable
     6  buildings or other physical improvements thereon if:
     7    (a)  the construction of such buildings or other physical improvements
     8  is in progress or is in good faith contemplated by such  corporation  or
     9  association  within seven years after such property has been acquired by
    10  such corporation or association; for the purposes  of  calculating  such
    11  seven years' period, with respect to property acquired before the effec-
    12  tive  date  of  the chapter of the laws of two thousand twenty-one which
    13  amended this subdivision, such seven years'  period  shall  commence  on
    14  such  effective  date, and with respect to property acquired on or after
    15  such effective date, such seven years' period shall commence on the date
    16  of acquisition; or
    17    (b) such real property is held by such corporation or association upon
    18  condition that the title thereto shall revert in case any  building  not
    19  intended  and  suitable  for  one or more such purposes shall be erected
    20  upon such premises or some part thereof.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02660-02-1

        S. 1638                             2
 
     1    17. Notwithstanding any provision of this  section  to  the  contrary,
     2  real  property  used  for  the purpose of a children's overnight camp or
     3  summer day camp, as such terms are defined in section  thirteen  hundred
     4  ninety-two  of  the public health law, and real property owned by a not-
     5  for-profit  conservation  organization  as defined in subdivision two of
     6  section 49-0303 of the environmental conservation law  shall  be  exempt
     7  from the provisions of this section.
     8    §  2. This act shall take effect on the first of January next succeed-
     9  ing the date on which it shall have become a law.
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