Bill Text: NY S01243 | 2009-2010 | General Assembly | Introduced
Bill Title: Allows certain tax exemptions within the central Buffalo housing district; allows any property sold to an owner-occupant contractor, subcontractor or repairperson for use in erecting a building or improving existing property within the central Buffalo housing district to be exempt from sales tax.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2010-01-06 - REFERRED TO ENERGY AND TELECOMMUNICATIONS [S01243 Detail]
Download: New_York-2009-S01243-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 1243 2009-2010 Regular Sessions I N S E N A T E January 28, 2009 ___________ Introduced by Sens. THOMPSON, ONORATO -- read twice and ordered printed, and when printed to be committed to the Committee on Energy and Tele- communications AN ACT to amend the tax law, in relation to allowing certain tax exemptions within the central Buffalo housing district THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Subdivision (a) of section 1115 of the tax law is amended 2 by adding a new paragraph 15-a to read as follows: 3 (15-A) ANY REAL PROPERTY OR PROPERTY SOLD TO A CONTRACTOR, SUBCONTRAC- 4 TOR OR REPAIRPERSON FOR USE IN (I) ERECTING A STRUCTURE OR BUILDING 5 WITHIN THE CENTRAL BUFFALO HOUSING DISTRICT, AS DESCRIBED IN SUBDIVISION 6 SEVEN OF SECTION FOUR HUNDRED TWENTY-ONE-P OF THE REAL PROPERTY TAX LAW, 7 AS ADDED BY A CHAPTER OF THE LAWS OF TWO THOUSAND NINE, ENTITLED "AN ACT 8 TO AMEND THE REAL PROPERTY TAX LAW, IN RELATION TO CREATING THE CENTRAL 9 BUFFALO HOUSING DISTRICT AND ALLOWING CERTAIN TAX EXEMPTIONS AND ABATE- 10 MENTS WITHIN SUCH DISTRICT", IN WHICH SUCH CONTRACTOR, SUBCONTRACTOR OR 11 REPAIRPERSON SHALL OCCUPY OR (II) ADDING TO, ALTERING OR IMPROVING 12 EXISTING REAL PROPERTY OR PROPERTY, WITHIN THE CENTRAL BUFFALO HOUSING 13 DISTRICT, AS THE TERM REAL PROPERTY AND PROPERTY ARE DEFINED IN THE REAL 14 PROPERTY TAX LAW, IN WHICH SUCH CONTRACTOR, SUBCONTRACTOR OR REPAIRPER- 15 SON SHALL OCCUPY; PROVIDED, HOWEVER, NO EXEMPTION SHALL EXIST UNDER THIS 16 PARAGRAPH UNLESS SUCH ERECTION, ADDITION, ALTERATION OR IMPROVEMENT TO 17 SUCH REAL PROPERTY OR PROPERTY CONSTITUTES A SIGNIFICANT IMPROVEMENT TO 18 SUCH REAL PROPERTY OR PROPERTY. 19 S 2. This act shall take effect on the same date as a chapter of the 20 laws of 2009 entitled "AN ACT to amend the real property tax law, in 21 relation to creating the central Buffalo housing district and allowing 22 certain tax exemptions and abatements within such district" takes 23 effect, and shall apply to tax years and taxable status dates beginning 24 on or after January 1, 2010; provided, however, that effective imme- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05224-02-9 S. 1243 2 1 diately, the addition, amendment and/or repeal of any rules or regu- 2 lations necessary for the implementation of this act on its effective 3 date is authorized and directed to be made and completed on or before 4 such effective date.