Bill Text: NY S04346 | 2017-2018 | General Assembly | Amended

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Bill Title: Relates to exempting the real property of a land bank from certain sewer rent and user charges imposed by the state of New York and by any of its political subdivisions.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2017-06-21 - SUBSTITUTED BY A6474A [S04346 Detail]

Download: New_York-2017-S04346-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         4346--A
            Cal. No. 302
                               2017-2018 Regular Sessions
                    IN SENATE
                                    February 10, 2017
                                       ___________
        Introduced  by  Sen. VALESKY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Corporations,  Authorities
          and  Commissions -- reported favorably from said committee, ordered to
          first and second report, ordered  to  a  third  reading,  amended  and
          ordered reprinted, retaining its place in the order of third reading
        AN  ACT  to  amend  the  not-for-profit  corporation law, in relation to
          exempting the real property of a land bank from certain sewer rent and
          user charges imposed by the state of New York and by any of its  poli-
          tical subdivisions
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Paragraph (a) of section 1608 of the not-for-profit  corpo-
     2  ration law, as amended by chapter 441 of the laws of 2016, is amended to
     3  read as follows:
     4    (a) The real property of a land bank and its income and operations are
     5  exempt  from  all  taxation  by  the state of New York and by any of its
     6  political subdivisions. The real property of a land bank shall be exempt
     7  from: (i) all special ad  valorem  levies  and  special  assessments  as
     8  defined  in  section  one hundred two of the real property tax law; (ii)
     9  sewer rent imposed under article fourteen-F  of  the  general  municipal
    10  law;  and (iii) any and all user charges imposed by any municipal corpo-
    11  ration, special district or other political subdivisions of  the  state,
    12  provided, however, that real property of a land bank for which such land
    13  bank  receives  rent,  fees,  or  other charges for the use of such real
    14  property shall not be exempt from subparagraphs (ii) and (iii)  of  this
    15  paragraph.  Notwithstanding  any  other  general,  special  or local law
    16  relating to fees of clerks, no clerk shall charge or collect a  fee  for
    17  filing,  recording  or  indexing  any paper, document, map or proceeding
    18  filed, recorded or indexed for a land bank, or an officer thereof acting
    19  in an official capacity, nor for furnishing a transcript,  certification
    20  or  copy  of  any paper, document, map or proceeding to be used for land
    21  bank purposes.
    22    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09872-03-7