Bill Text: NY A04111 | 2019-2020 | General Assembly | Introduced

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Bill Title: Provides that real property owned by private water-works corporations shall be wholly or partially exempt from taxation.

Spectrum: Moderate Partisan Bill (Republican 5-1)

Status: (Introduced - Dead) 2020-07-16 - held for consideration in real property taxation [A04111 Detail]

Download: New_York-2019-A04111-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          4111
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 1, 2019
                                       ___________
        Introduced  by  M.  of  A.  MONTESANO,  RA, McDONOUGH, GIGLIO, LAVINE --
          Multi-Sponsored by -- M. of A. BLANKENBUSH -- read once  and  referred
          to the Committee on Real Property Taxation
        AN  ACT  to  amend  the  real property tax law, in relation to privately
          owned water-works corporations
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Section  485-d  of the real property tax law, as added by
     2  chapter 726 of the laws of 1985, is amended to read as follows:
     3    § 485-d. Water-works corporations. 1. Real property situated in a city
     4  with a population of one million or more owned by a  water-works  corpo-
     5  ration  subject  to  the  provisions  of the public service law and used
     6  exclusively for the sale,  furnishing  and  distribution  of  water  for
     7  domestic,  commercial  and public purposes, shall be wholly or partially
     8  exempt from taxation provided that the local legislative  body  of  such
     9  city  within  which  such  property  is  situated  adopts a local law so
    10  providing.
    11    2. Real property owned by a private water-works corporation subject to
    12  the provisions of the public service law and used  exclusively  for  the
    13  sale,  furnishing and distribution of water for domestic, commercial and
    14  public purposes, shall be  wholly  or  partially  exempt  from  taxation
    15  provided  that  the  local  legislative body of such city, county, town,
    16  village or school district within which such property is situated adopts
    17  a local law so providing.
    18    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08303-01-9