Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to real property taxation |
Jan 05, 2011 |
referred to real property taxation |
Assembly Bill A801
2011-2012 Legislative Session
Sponsored By
GANTT
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
2011-A801 (ACTIVE) - Details
2011-A801 (ACTIVE) - Summary
Allows localities discretion in granting business investment exemptions on property tax by passing a resolution allowing the exemption for one or more of the following categories or classes: buying or selling of goods or services; the storing or developing of goods or services; the manufacturing or assembly of goods; or the processing of raw materials.
2011-A801 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 801 2011-2012 Regular Sessions I N A S S E M B L Y (PREFILED) January 5, 2011 ___________ Introduced by M. of A. GANTT -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to allowing localities discretion in granting business investment exemptions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 485-b of the real property tax law, as amended by chapter 488 of the laws of 1998, is amended to read as follows: 1. Real property constructed, altered, installed or improved subse- quent to the first day of July, nineteen hundred seventy-six for the purpose of commercial, business or industrial activity shall be exempt from taxation and special ad valorem levies, except for special ad valo- rem levies for fire district, fire protection district and fire alarm district purposes, to the extent hereinafter provided IF THE COUNTY, CITY, TOWN OR VILLAGE, BY LOCAL LAW, AND A SCHOOL DISTRICT, EXCEPT A CITY SCHOOL DISTRICT TO WHICH ARTICLE FIFTY-TWO OF THE EDUCATION LAW APPLIES, BY RESOLUTION, APPROVES SUCH EXEMPTION FOR ONE OR MORE OF THE FOLLOWING PURPOSES: (A) THE BUYING OR SELLING OF GOODS OR SERVICES; OR (B) THE STORING OR DEVELOPING OF GOODS OR SERVICES; OR (C) THE MANUFAC- TURE OR ASSEMBLY OF GOODS; OR (D) THE PROCESSING OF RAW MATERIALS. S 2. Subdivision 3 of section 485-b of the real property tax law, as amended by chapter 440 of the laws of 1993, is amended to read as follows: 3. [Such] UPON PASSAGE OF A LOCAL LAW OR RESOLUTION, AS REQUIRED BY SUBDIVISION ONE OF THIS SECTION, SUCH exemption shall be granted only upon application by the owner of such real property on a form prescribed by the state board. Such application shall be filed with the assessor of the city, town, village, or county having the power to assess property for taxation on or before the appropriate taxable status date of such EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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