Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 08, 2022 |
referred to local government |
Senate Bill S8520
2021-2022 Legislative Session
Sponsored By
(R, C) 51st Senate District
Archive: Last Bill Status - In Senate Committee Local Government 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
2021-S8520 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9535
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §467-l, RPT L
2021-S8520 (ACTIVE) - Summary
Authorizes exemptions for certain residential properties with conservation easement agreements located in certain counties; authorizes cities, towns, villages or school districts within certain counties to adopt a resolution to grant a partial exemption from taxation and special ad valorem levies.
2021-S8520 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8520 SPONSOR: OBERACKER TITLE OF BILL: An act to amend the real property tax law, in relation to authorizing exemptions from certain real property taxes and special ad valorem levies for certain residential properties with conservation easement agreements located in certain counties PURPOSE: This bill amends the real property tax law to allow for, following a public hearing, the granting of a partial exemption from taxation and special ad valorem levies for the preservation of an open space or an open area that has entered into a conservation easement agreement with a qualified land trust organization or a local municipality. SUMMARY OF PROVISIONS: Section 1: allows for the governing board of a certain county to, following a public hearing, adopt a local law to grant a partial
2021-S8520 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8520 I N S E N A T E March 8, 2022 ___________ Introduced by Sen. OBERACKER -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to authorizing exemptions from certain real property taxes and special ad valorem levies for certain residential properties with conservation easement agreements located in certain counties THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 467-l to read as follows: § 467-L. EXEMPTION FOR CERTAIN RESIDENTIAL PROPERTIES LOCATED IN CERTAIN COUNTIES. 1. AFTER A PUBLIC HEARING, THE GOVERNING BOARD OF A COUNTY WITH A POPULATION GREATER THAN ONE HUNDRED THREE THOUSAND AND LESS THAN ONE HUNDRED EIGHT THOUSAND BASED UPON THE LATEST DECENNIAL CENSUS MAY ADOPT A LOCAL LAW TO GRANT A PARTIAL EXEMPTION FROM TAXATION AND SPECIAL AD VALOREM LEVIES AUTHORIZED PURSUANT TO THIS SECTION. FOLLOWING SUCH ADOPTION, ANY CITY, TOWN OR VILLAGE WITHIN SUCH A COUNTY MAY ADOPT A LOCAL LAW AND A SCHOOL DISTRICT WITHIN SUCH A COUNTY, OTHER THAN A SCHOOL DISTRICT SUBJECT TO ARTICLE FIFTY-TWO OF THE EDUCATION LAW, MAY ADOPT A RESOLUTION TO ALSO GRANT A PARTIAL EXEMPTION FROM TAXA- TION AND SPECIAL AD VALOREM LEVIES AUTHORIZED PURSUANT TO THIS SECTION, AND A SPECIAL AD VALOREM DISTRICT WITHIN SUCH A COUNTY MAY ADOPT A RESOLUTION TO ALSO GRANT A PARTIAL EXEMPTION FROM SPECIAL AD VALOREM LEVIES AUTHORIZED PURSUANT TO THIS SECTION. 2. THE REAL PROPERTY TAX EXEMPTION AUTHORIZED BY SUBDIVISION ONE OF THIS SECTION SHALL BE IN AN AMOUNT EQUAL TO FIFTY PERCENT OF THE LOCAL REAL PROPERTY TAXATION FOR A CONSERVATION EASEMENT FOR REAL PROPERTY WHOSE INTERESTS OR RIGHTS HAVE BEEN ACQUIRED FOR THE PURPOSE OF THE PRESERVATION OF AN OPEN SPACE OR AN OPEN AREA AND THAT HAS ENTERED INTO A CONSERVATION EASEMENT AGREEMENT WITH A QUALIFIED LAND TRUST ORGANIZA- TION OR A LOCAL MUNICIPALITY. 3. SUCH EXEMPTION SHALL BE GRANTED ONLY UPON APPLICATION BY THE OWNER OR OWNERS OF SUCH REAL PROPERTY ON A FORM PRESCRIBED BY THE COMMISSION- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14744-02-2
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