Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to ways and means |
Jan 29, 2009 |
referred to ways and means |
Assembly Bill A4033
2009-2010 Legislative Session
Sponsored By
THIELE
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-A4033 (ACTIVE) - Details
2009-A4033 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4033 2009-2010 Regular Sessions I N A S S E M B L Y January 29, 2009 ___________ Introduced by M. of A. THIELE -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to exempting certain conveyanc- es of real property for preservation purposes from the real estate transfer tax and capital gains tax THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 10 of subdivision (b) of section 1405 of the tax law, as amended by chapter 61 of the laws of 1989, is amended and a new paragraph 11 is added to read as follows: 10. Conveyances of an option or contract to purchase real property with the use or occupancy of such property where the consideration is less than two hundred thousand dollars and such property was used solely by the grantor as his personal residence and consists of a one, two or three-family house, an individual residential condominium unit or the sale of stock in a cooperative housing corporation in connection with the grant or transfer of a proprietary leasehold covering an individual residential cooperative unit[.]; 11. CONVEYANCES OF REAL PROPERTY TO A NOT-FOR-PROFIT CORPORATION HAVING TAX EXEMPT STATUS UNDER SECTION 501(C) (3) OF THE UNITED STATES INTERNAL REVENUE CODE WHICH IS MADE FOR PRESERVATION PURPOSES. FOR PURPOSES OF THIS PARAGRAPH, PRESERVATION SHALL INCLUDE PRESERVATION OF OPEN SPACE; ESTABLISHMENT OF PARKS, NATURE PRESERVES, OR RECREATION AREAS; PRESERVATION OF LAND WHICH IS PREDOMINANTLY VIABLE AGRICULTURAL LAND, AS DEFINED IN SUBDIVISION SEVEN OF SECTION THREE HUNDRED ONE OF THE AGRICULTURE AND MARKETS LAW, OR UNIQUE AND IRREPLACEABLE AGRICUL- TURAL LAND, AS DEFINED IN SUBDIVISION SIX OF SECTION THREE HUNDRED ONE OF THE AGRICULTURE AND MARKETS LAW; PRESERVATION OF LANDS OF EXCEPTIONAL SCENIC VALUE; PRESERVATION OF FRESH AND SALTWATER MARSHES OR OTHER WETLANDS; PRESERVATION OF AQUIFER RECHARGE AREAS; PRESERVATION OF UNDE- VELOPED BEACH-LANDS OR SHORELINE; ESTABLISHMENT OF WILDLIFE REFUGES FOR EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03895-01-9
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.