Assembly Bill A8320

Vetoed By Governor
2013-2014 Legislative Session

Relates to real property tax exemptions for farm dwellings owned by a limited liability company

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Archive: Last Bill Status - Vetoed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Vetoed By Governor
  • Signed By Governor

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Bill Amendments

2013-A8320 - Details

See Senate Version of this Bill:
S6424
Law Section:
Real Property Tax Law
Laws Affected:
Amd §425, RPT L
Versions Introduced in 2015-2016 Legislative Session:
A1421, S3539

2013-A8320 - Summary

Relates to real property tax exemptions for farm dwellings owned by a limited liability company.

2013-A8320 - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  8320

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            December 18, 2013
                               ___________

Introduced  by  M.  of  A.  MAGNARELLI  -- read once and referred to the
  Committee on Real Property Taxation

AN ACT to amend the real property tax law, in relation to a real proper-
  ty tax exemption for farm  dwellings  owned  by  a  limited  liability
  company

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph (d) of subdivision 3 of section 425 of  the  real
property  tax  law,  as  added  by  chapter  443 of the laws of 2003, is
amended to read as follows:
  (d) Farm dwellings not owned by the resident. (i) If  legal  title  to
the farm dwelling is held by an S-corporation or by a C-corporation, the
exemption  shall  be granted if the property serves as the primary resi-
dence of a shareholder of such corporation.
  (ii) If the legal title to the farm dwelling is held by a partnership,
the exemption shall be granted if the property  serves  as  the  primary
residence of one or more of the partners.
  (iii)  IF  THE  LEGAL  TITLE TO THE FARM DWELLING IS HELD BY A LIMITED
LIABILITY COMPANY, THE EXEMPTION SHALL BE GRANTED IF THE PROPERTY SERVES
AS THE PRIMARY RESIDENCE OF ONE OR MORE OF THE OWNERS.
  (IV) Any information deemed  necessary  to  establish  shareholder  or
partner status for eligibility purposes shall be considered confidential
and exempt from the freedom of information law.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13198-01-3

co-Sponsors

multi-Sponsors

2013-A8320A - Details

See Senate Version of this Bill:
S6424
Law Section:
Real Property Tax Law
Laws Affected:
Amd §425, RPT L
Versions Introduced in 2015-2016 Legislative Session:
A1421, S3539

2013-A8320A - Summary

Relates to real property tax exemptions for farm dwellings owned by a limited liability company.

2013-A8320A - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 8320--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            December 18, 2013
                               ___________

Introduced  by  M.  of  A.  MAGNARELLI  -- read once and referred to the
  Committee on Real Property Taxation -- recommitted to the Committee on
  Real Property Taxation in accordance with Assembly Rule 3, sec.  2  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

AN ACT to amend the real property tax law, in relation to a real proper-
  ty tax exemption for farm  dwellings  owned  by  a  limited  liability
  company

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph (d) of subdivision 3 of section 425 of  the  real
property  tax  law,  as  added  by  chapter  443 of the laws of 2003, is
amended to read as follows:
  (d) Farm dwellings not owned by the resident. (i) If  legal  title  to
the farm dwelling is held by an S-corporation or by a C-corporation, the
exemption  shall  be granted if the property serves as the primary resi-
dence of a shareholder of such corporation.
  (ii) If the legal title to the farm dwelling is held by a partnership,
the exemption shall be granted if the property  serves  as  the  primary
residence of one or more of the partners.
  (iii)  IF  THE  LEGAL  TITLE TO THE FARM DWELLING IS HELD BY A LIMITED
LIABILITY COMPANY, THE EXEMPTION SHALL BE GRANTED IF THE PROPERTY SERVES
AS THE PRIMARY RESIDENCE OF ONE OR MORE OF THE OWNERS.
  (IV) Any information deemed  necessary  to  establish  shareholder  or
partner status for eligibility purposes shall be considered confidential
and exempt from the freedom of information law.
  S 2. This act shall take effect January 1, 2015.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13198-02-4

co-Sponsors

multi-Sponsors

2013-A8320B (ACTIVE) - Details

See Senate Version of this Bill:
S6424
Law Section:
Real Property Tax Law
Laws Affected:
Amd §425, RPT L
Versions Introduced in 2015-2016 Legislative Session:
A1421, S3539

2013-A8320B (ACTIVE) - Summary

Relates to real property tax exemptions for farm dwellings owned by a limited liability company.

2013-A8320B (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 8320--B

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            December 18, 2013
                               ___________

Introduced by M. of A. MAGNARELLI, McDONALD, LIFTON, ZEBROWSKI, GUNTHER,
  OTIS  --  Multi-Sponsored  by -- M. of A. ABBATE, COOK, CRESPO, GLICK,
  LUPARDO, MAGEE, MOSLEY, RIVERA, SIMANOWITZ, TITONE --  read  once  and
  referred  to the Committee on Real Property Taxation -- recommitted to
  the Committee on Real Property Taxation in  accordance  with  Assembly
  Rule  3,  sec.  2  --  committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee -- reported and
  referred to the Committee on Ways and Means --  committee  discharged,
  bill  amended,  ordered  reprinted  as amended and recommitted to said
  committee

AN ACT to amend the real property tax law, in relation to a real proper-
  ty tax exemption for farm  dwellings  owned  by  a  limited  liability
  company

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph (d) of subdivision 3 of section 425 of  the  real
property  tax  law,  as  added  by  chapter  443 of the laws of 2003, is
amended to read as follows:
  (d) Farm dwellings not owned by the resident. (i) If  legal  title  to
the farm dwelling is held by an S-corporation or by a C-corporation, the
exemption  shall  be granted if the property serves as the primary resi-
dence of a shareholder of such corporation.
  (ii) If the legal title to the farm dwelling is held by a partnership,
the exemption shall be granted if the property  serves  as  the  primary
residence of one or more of the partners.
  (iii)  IF  THE  LEGAL  TITLE TO THE FARM DWELLING IS HELD BY A LIMITED
LIABILITY COMPANY, THE EXEMPTION SHALL BE GRANTED IF THE PROPERTY SERVES
AS THE PRIMARY RESIDENCE OF ONE OR MORE OF THE OWNERS.
  (IV) Any information deemed necessary to establish  shareholder  [or],
partner  OR  OWNER  status  for eligibility purposes shall be considered
confidential and exempt from the freedom of information law.
  S 2. This act shall take effect January 1, 2015.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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