Bill Text: NY S03413 | 2021-2022 | General Assembly | Introduced
Bill Title: Repeals provisions granting real property tax exemptions to certain entities including certain professional major league sports organizations.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2022-01-05 - REFERRED TO LOCAL GOVERNMENT [S03413 Detail]
Download: New_York-2021-S03413-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 3413 2021-2022 Regular Sessions IN SENATE January 29, 2021 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to repeal section 429 of the real property tax law relating to real property used for professional major league sports The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Legislative intent. The legislature hereby declares that 2 any provision in a lease, agreement or any other written instrument 3 requiring that any taxes or their equivalent, set forth in such instru- 4 ment in the form of any charges of any kind whatsoever, imposed by any 5 taxing authority, shall be made the obligation of any person, sole 6 proprietorship, partnership, firm, corporation, limited liability compa- 7 ny, association, franchise, team, or any other entity, other than the 8 owner or owners of such property, shall be deemed void as against public 9 policy. 10 § 2. Section 429 of the real property tax law is REPEALED. 11 § 3. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05270-01-1