Bill Text: NY S01632 | 2023-2024 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Discontinues the real property tax exemption for certain real property that is used for home games for certain professional sports teams in New York city beginning with the 2024 assessment roll.

Spectrum: Partisan Bill (Democrat 11-0)

Status: (Introduced) 2024-01-03 - REFERRED TO LOCAL GOVERNMENT [S01632 Detail]

Download: New_York-2023-S01632-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1632

                               2023-2024 Regular Sessions

                    IN SENATE

                                    January 13, 2023
                                       ___________

        Introduced  by  Sens.  KAVANAGH, HOYLMAN-SIGAL, JACKSON, SALAZAR -- read
          twice and ordered printed, and when printed to  be  committed  to  the
          Committee on Local Government

        AN  ACT  to  repeal section 429 of the real property tax law relating to
          real property used for professional major league sports

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Legislative  intent. The legislature hereby declares that
     2  any provision in a lease, agreement  or  any  other  written  instrument
     3  requiring  that any taxes or their equivalent, set forth in such instru-
     4  ment in the form of any charges of any kind whatsoever, imposed  by  any
     5  taxing  authority,  shall  be  made  the  obligation of any person, sole
     6  proprietorship, partnership, firm, corporation, limited liability compa-
     7  ny, association, franchise, team, or any other entity,  other  than  the
     8  owner or owners of such property, shall be deemed void as against public
     9  policy.
    10    § 2. Section 429 of the real property tax law is REPEALED.
    11    §  3.  This  act shall take effect on the ninetieth day after it shall
    12  have become a law.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01532-01-3