Bill Text: NY A03826 | 2023-2024 | General Assembly | Introduced

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - referred to real property taxation [A03826 Detail]

Download: New_York-2023-A03826-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          3826

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 8, 2023
                                       ___________

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

        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
    24    (iv) A county, city, town or village by local law or  school  district
    25  by resolution may:

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03677-01-3
        A. 3826                             2

     1    A. reduce the percentage exempt from taxation;
     2    B. limit eligibility for exemption to certain alterations or rehabili-
     3  tations; or
     4    C. allow for the exemption to apply to rehabilitations and alterations
     5  which  are outside of the jurisdiction of the local preservation commis-
     6  sion so long as any alterations or rehabilitations subject to a  commis-
     7  sion's jurisdiction is approved by such commission.
     8    § 2. This act shall take effect immediately.