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