Bill Text: NY A04923 | 2021-2022 | General Assembly | Introduced

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Bill Title: Provides that real property owned by private water-works corporations shall be wholly or partially exempt from taxation.

Spectrum: Moderate Partisan Bill (Republican 5-1)

Status: (Introduced - Dead) 2022-01-05 - referred to real property taxation [A04923 Detail]

Download: New_York-2021-A04923-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4923

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    February 9, 2021
                                       ___________

        Introduced by M. of A. MONTESANO, J. M. GIGLIO, McDONOUGH, RA, LAVINE --
          Multi-Sponsored  by  -- M. of A. BLANKENBUSH -- read once and referred
          to the Committee on Real Property Taxation

        AN ACT to amend the real property tax  law,  in  relation  to  privately
          owned water-works corporations

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

     1    Section 1. Section 485-d of the real property tax  law,  as  added  by
     2  chapter 726 of the laws of 1985, is amended to read as follows:
     3    § 485-d. Water-works corporations. 1. Real property situated in a city
     4  with  a  population of one million or more owned by a water-works corpo-
     5  ration subject to the provisions of the  public  service  law  and  used
     6  exclusively  for  the  sale,  furnishing  and  distribution of water for
     7  domestic, commercial and public purposes, shall be wholly  or  partially
     8  exempt  from  taxation  provided that the local legislative body of such
     9  city within which such property  is  situated  adopts  a  local  law  so
    10  providing.
    11    2. Real property owned by a private water-works corporation subject to
    12  the  provisions  of  the public service law and used exclusively for the
    13  sale, furnishing and distribution of water for domestic, commercial  and
    14  public  purposes,  shall  be  wholly  or  partially exempt from taxation
    15  provided that the local legislative body of  such  city,  county,  town,
    16  village or school district within which such property is situated adopts
    17  a local law so providing.
    18    § 2. This act shall take effect immediately.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08494-01-1