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