Bill Text: NY A00846 | 2023-2024 | General Assembly | Introduced
Bill Title: Repeals provisions granting real property tax exemption to certain entities.
Spectrum: Partisan Bill (Democrat 13-0)
Status: (Introduced) 2024-01-03 - referred to real property taxation [A00846 Detail]
Download: New_York-2023-A00846-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 846 2023-2024 Regular Sessions IN ASSEMBLY January 11, 2023 ___________ Introduced by M. of A. WEPRIN -- Multi-Sponsored by -- M. of A. BENEDET- TO, COLTON, MILLER -- read once and referred to the Committee on Real Property Taxation 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 Section 429 of the real property tax law is REPEALED. 11 § 3.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
