Bill Text: NY A11295 | 2017-2018 | General Assembly | Introduced
Bill Title: Authorizes counties with a population of one million or more to implement real property tax exemptions for property owned by water-works corporations; authorizes whole and partial exemptions provided the legislative bodies of such counties adopt a local law so providing.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2018-07-25 - referred to real property taxation [A11295 Detail]
Download: New_York-2017-A11295-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 11295 IN ASSEMBLY July 25, 2018 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Pellegrino) -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to authorizing counties with a population of one million or more to implement real property tax exemptions for property owned by 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. Real property situated in a city or 4 county with a population of one million or more owned by a water-works 5 corporation 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 or county within which such property is situated adopts a local law 10 so providing. 11 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD16399-01-8
