Bill Text: NY A03097 | 2021-2022 | General Assembly | Introduced

Bill Title: Relates to exemptions granted for alterations or rehabilitation.

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Introduced) 2021-01-22 - referred to real property taxation [A03097 Detail]

Download: New_York-2021-A03097-Introduced.html

                STATE OF NEW YORK


                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    January 22, 2021

        Introduced  by  M. of A. FAHY, COLTON, SIMON, WALLACE, LUPARDO, McMAHON,
          STECK -- read once and referred to  the  Committee  on  Real  Property

        AN  ACT  to  amend  the real property tax law, in relation to exemptions
          granted for alterations or rehabilitation

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

     1    Section 1. Paragraph (b) of subdivision 2 of section 444-a of the real
     2  property  tax  law,  as  added  by  chapter  183 of the laws of 1997, is
     3  amended to read as follows:
     4    (b) No such exemption shall be granted for such alterations  or  reha-
     5  bilitation unless:
     6    (i)  Such property has been designated as a landmark, or is a property
     7  that contributes to the character of an historic district, created by  a
     8  local  law  passed pursuant to section ninety-six-a or one hundred nine-
     9  teen-dd of the general municipal law;
    10    (ii) [Alterations or rehabilitation must be made for means of historic
    11  preservation;
    12    (iii) Such alterations or rehabilitation  of  historic  property  meet
    13  guidelines and review standards in the local preservation law;
    14    (iv)  Such  alterations  or  rehabilitation  of  historic property are
    15  approved by the local preservation commission prior to  commencement  of
    16  work;
    17    (v)]  Alterations  or  rehabilitation  are commenced subsequent to the
    18  effective date of the local law or resolution adopted pursuant  to  this
    19  section[.];
    20    (iii) Any alterations or rehabilitation of historic property under the
    21  jurisdiction  of  the  local  preservation  commission  as  part of this
    22  project are approved by that commission prior  to  the  commencement  of
    23  work; and

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

        A. 3097                             2

     1    (iv)  A  county, city, town or village by local law or school district
     2  by resolution may:
     3    A. reduce the percentage exempt from taxation;
     4    B. limit eligibility for exemption to certain alterations or rehabili-
     5  tations; or
     6    C. allow for the exemption to apply to rehabilitations and alterations
     7  which  are outside of the jurisdiction of the local preservation commis-
     8  sion so long as any alterations or rehabilitations subject to a  commis-
     9  sion's jurisdiction is approved by such commission.
    10    § 2. This act shall take effect immediately.