Bill Text: NY S04840 | 2019-2020 | General Assembly | Introduced

New York Senate Bill 4840 (Prior Session Legislation)

Introduced

Bill Title: Relates to excluding the value of trees on privately owned forest land for the purposes of real property tax assessments.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO LOCAL GOVERNMENT [S04840 Detail]

Download: New_York-2019-S04840-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          4840
                               2019-2020 Regular Sessions
                    IN SENATE
                                     March 27, 2019
                                       ___________
        Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government
        AN ACT to amend the real property tax law, in relation to excluding  the
          value of trees for the purposes of assessment
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 305 of the real property  tax  law  is  amended  by
     2  adding a new subdivision 4 to read as follows:
     3    4.  For  purposes  of real property tax assessment, the value of trees
     4  shall be excluded for the purposes of assessment.
     5    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03734-01-9