S T A T E O F N E W Y O R K ________________________________________________________________________ 2686 2011-2012 Regular Sessions I N A S S E M B L Y January 20, 2011 ___________ Introduced by M. of A. PRETLOW -- read once and referred to the Commit- tee on Real Property Taxation AN ACT to amend the real property tax law, in relation to excluding environmental contamination from consideration as a factor for assess- ment THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Section 706 of the real property tax law is amended by 2 adding a new subdivision 3 to read as follows: 3 3. FOR THE PURPOSES OF ASSESSMENT, ENVIRONMENTAL CONTAMINATION SHALL 4 BE EXCLUDED FROM CONSIDERATION. 5 S 2. This act shall take effect immediately and shall apply to real 6 property with a taxable status date on or after such date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03044-01-1