Bill Text: NY A02785 | 2011-2012 | General Assembly | Introduced

---

Bill Title: Creates a permissive class exemption from real property taxation on any real property owned by a non-profit organization organized for the purpose of promoting future economic development by means of the acquisition of real property for business, commercial or industrial development purposes.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-01-04 - referred to real property taxation [A02785 Detail]

Download: New_York-2011-A02785-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2785
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 20, 2011
                                      ___________
       Introduced by M. of A. CROUCH -- read once and referred to the Committee
         on Real Property Taxation
       AN  ACT to amend the real property tax law, in relation to the exemption
         for non-profit organizations
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph (a) of subdivision 1 of section 420-b of the real
    2  property  tax  law,  as  added  by  chapter  919 of the laws of 1981, is
    3  amended to read as follows:
    4    (a) Real property owned by  a  corporation  or  association  which  is
    5  organized  exclusively  for bible, tract, benevolent, missionary, infir-
    6  mary, public playground, scientific, literary, bar association,  medical
    7  society,  library, patriotic or historical purposes, for the development
    8  of good sportsmanship for  persons  under  the  age  of  eighteen  years
    9  through  the  conduct  of  supervised athletic games, FOR THE PURPOSE OF
   10  PROMOTING FUTURE ECONOMIC DEVELOPMENT BY MEANS  OF  THE  ACQUISITION  OF
   11  REAL  PROPERTY  FOR  BUSINESS,  COMMERCIAL,  OR  INDUSTRIAL  DEVELOPMENT
   12  PURPOSES, for the enforcement of laws relating to children  or  animals,
   13  or  for two or more such purposes, and used exclusively for carrying out
   14  thereupon one or more of such purposes either by the owning  corporation
   15  or association, or by another such corporation or association as herein-
   16  after  provided,  shall be exempt from taxation; provided, however, that
   17  such property shall be taxable by any municipal corporation within which
   18  it is located if the governing  board  of  such  municipal  corporation,
   19  after  public  hearing,  adopts  a local law, ordinance or resolution so
   20  providing. None of the following subdivisions of this section  providing
   21  that  certain  properties  shall be exempt under circumstances or condi-
   22  tions set forth in such subdivisions shall  exempt  such  property  from
   23  taxation  by a municipal corporation whose governing board has adopted a
   24  local law, ordinance or resolution providing that such property shall be
   25  taxable pursuant to this subdivision.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04557-01-1
       A. 2785                             2
    1    S 2. This act shall take effect on the first of January next  succeed-
    2  ing  the  date  on  which  it shall have become a law and shall apply to
    3  assessment rolls prepared on the basis of taxable status dates occurring
    4  on or after such date.