Bill Text: NY A04045 | 2023-2024 | General Assembly | Amended

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Bill Title: Sets a 7-year limit to the real property tax exemption for unimproved property of mandatory class nonprofit organizations.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2024-01-03 - referred to real property taxation [A04045 Detail]

Download: New_York-2023-A04045-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         4045--A

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 9, 2023
                                       ___________

        Introduced  by  M.  of A. GUNTHER, COOK -- read once and referred to the
          Committee on Real Property  Taxation  --  committee  discharged,  bill
          amended,  ordered reprinted as amended and recommitted to said commit-
          tee

        AN ACT to amend the real property tax law, in relation to  the  duration
          of  the  exemption for property of mandatory class nonprofit organiza-
          tions by reason of the absence of suitable buildings  or  improvements
          thereon  if  construction  of  such  buildings  or  improvements is in
          progress or is in good faith contemplated

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

     1    Section  1.  Subdivision  3  of section 420-a of the real property tax
     2  law, such section as renumbered by chapter 919 of the laws of  1981,  is
     3  amended and a new subdivision 17 is added to read as follows:
     4    3. Such real property from which no revenue is derived shall be exempt
     5  though  not  in actual use therefor by reason of the absence of suitable
     6  buildings or other physical improvements thereon if:
     7    (a) the construction of such buildings or other physical  improvements
     8  is  in  progress or is in good faith contemplated by such corporation or
     9  association within seven years after such property has been acquired  by
    10  such  corporation  or  association; for the purposes of calculating such
    11  seven years' period, with respect to property acquired before the effec-
    12  tive date of the chapter of the laws of two thousand twenty-three  which
    13  amended  this  subdivision,  such  seven years' period shall commence on
    14  such effective date, and with respect to property acquired on  or  after
    15  such effective date, such seven years' period shall commence on the date
    16  of acquisition; or
    17    (b) such real property is held by such corporation or association upon
    18  condition  that  the title thereto shall revert in case any building not
    19  intended and suitable for one or more such  purposes  shall  be  erected
    20  upon such premises or some part thereof.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03722-03-3
        A. 4045--A                          2

     1    17.  Notwithstanding  any  provision  of this section to the contrary,
     2  real property used for the purpose of a  children's  overnight  camp  or
     3  summer  day  camp, as such terms are defined in section thirteen hundred
     4  ninety-two of the public health law, and real property owned by  a  not-
     5  for-profit  conservation  organization  as defined in subdivision two of
     6  section 49-0303 of the environmental conservation law  shall  be  exempt
     7  from the provisions of this section.
     8    §  2. This act shall take effect on the first of January next succeed-
     9  ing the date on which it shall have become a law.