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

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          4346
                               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
        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 the state of New York
    11  and  by  any  of  its  political subdivisions. Notwithstanding any other
    12  general, special or local law relating to fees of clerks, no clerk shall
    13  charge or collect a fee for filing, recording  or  indexing  any  paper,
    14  document,  map or proceeding filed, recorded or indexed for a land bank,
    15  or an officer thereof acting in an official capacity, nor for furnishing
    16  a transcript, certification or copy  of  any  paper,  document,  map  or
    17  proceeding to be used for land bank purposes.
    18    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09872-01-7