Bill Text: NY A01058 | 2021-2022 | General Assembly | Introduced

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Bill Title: Requires the comptroller to prepare and disseminate a report on exemptions from taxation.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-05 - referred to real property taxation [A01058 Detail]

Download: New_York-2021-A01058-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1058

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                     January 7, 2021
                                       ___________

        Introduced by M. of A. CAHILL -- read once and referred to the Committee
          on Real Property Taxation

        AN  ACT to amend the real property tax law, in relation to requiring the
          comptroller to prepare and disseminate a  report  on  exemptions  from
          taxation

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

     1    Section 1. Section 496 of the real property  tax  law  is  amended  by
     2  adding a new subdivision 3-a to read as follows:
     3    3-a. The comptroller shall, by January thirtieth of each year, prepare
     4  and disseminate a report:
     5    (a)  describing all bills enacted into law in the previous year creat-
     6  ing or altering exemptions from taxation of privately owned real proper-
     7  ty;
     8    (b) summarizing such bills' purpose; and
     9    (c) detailing to the extent possible such bills' estimated first  year
    10  and subsequent year fiscal impact on all classes of local governments.
    11    § 2. This act shall take effect immediately.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01429-01-1