Bill Text: NY A10057 | 2017-2018 | General Assembly | Introduced

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Bill Title: Extends the real property tax exemption for structures and buildings essential to agricultural and horticultural use to buildings built prior to January 1, 2029.

Spectrum: Slight Partisan Bill (Republican 2-1)

Status: (Passed) 2018-11-05 - signed chap.326 [A10057 Detail]

Download: New_York-2017-A10057-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          10057
                   IN ASSEMBLY
                                     March 13, 2018
                                       ___________
        Introduced  by M. of A. MAGEE -- read once and referred to the Committee
          on Real Property Taxation
        AN ACT to amend the real property tax law, in relation to the real prop-
          erty tax exemption for structures and buildings essential to  agricul-
          tural and horticultural use
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision 1 of section 483 of the real property tax  law,
     2  as  amended  by  chapter  544 of the laws of 2008, is amended to read as
     3  follows:
     4    1. Structures and  buildings  essential  to  the  operation  of  lands
     5  actively  devoted to agricultural or horticultural use and actually used
     6  and occupied to carry out such operation which are constructed or recon-
     7  structed subsequent to January first, nineteen  hundred  sixty-nine  and
     8  prior to January first, [two thousand nineteen] two thousand twenty-nine
     9  shall  be  exempt  from  taxation to the extent of any increase in value
    10  thereof by reason of such construction or reconstruction for a period of
    11  ten years.
    12    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15095-01-8