Senate Bill S9413

2021-2022 Legislative Session

Relates to the taxation of property owned by a cooperative corporation

download bill text pdf

Sponsored By

Archive: Last Bill Status - Passed Senate & Assembly

  • 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

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2021-S9413 (ACTIVE) - Details

See Assembly Version of this Bill:
A10488
Law Section:
Real Property Tax Law
Laws Affected:
Amd §581, RPT L; amd §339-y, RP L

2021-S9413 (ACTIVE) - Summary

Relates to the taxation of property owned by a cooperative corporation in the Town of Greenburgh, Westchester County.

2021-S9413 (ACTIVE) - Sponsor Memo

2021-S9413 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9413
 
                             I N  S E N A T E
 
                               May 25, 2022
                                ___________
 
 Introduced  by  Sen.  STEWART-COUSINS -- 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 and the real property law,  in
   relation  to  the  taxation  of property owned by a cooperative corpo-
   ration
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision 1 of section 581 of the real property tax law
 is amended by adding a new paragraph (d) to read as follows:
   (D) THE PROVISIONS OF PARAGRAPH (A)  OF  THIS  SUBDIVISION  SHALL  NOT
 APPLY  TO  REAL PROPERTY OWNED OR LEASED BY A COOPERATIVE CORPORATION OR
 ON A CONDOMINIUM BASIS IN THE TOWN OF GREENBURGH, IN WESTCHESTER COUNTY,
 WHICH HAS ADOPTED, PRIOR TO THE TAXABLE STATUS DATE  OF  THE  ASSESSMENT
 ROLL UPON WHICH ITS TAXES WILL BE LEVIED, A LOCAL LAW PROVIDING THAT THE
 PROVISIONS  OF PARAGRAPH (A) OF THIS SUBDIVISION SHALL NOT APPLY TO SUCH
 REAL PROPERTY WITHIN SUCH TOWN; PROVIDED,  HOWEVER,  THE  PROVISIONS  OF
 THIS  PARAGRAPH  SHALL  NOT  APPLY TO REAL PROPERTY OWNED OR LEASED BY A
 COOPERATIVE CORPORATION OR ON A CONDOMINIUM BASIS THAT HAD  BEEN  PREVI-
 OUSLY  SUBJECT  TO  THE  PROVISIONS OF PARAGRAPH (A) OF THIS SUBDIVISION
 PRIOR TO JANUARY FIRST, TWO  THOUSAND  TWENTY-THREE;  PROVIDED  FURTHER,
 HOWEVER,  THE PROVISIONS OF THIS PARAGRAPH SHALL NOT APPLY TO REAL PROP-
 ERTY OWNED OR LEASED BY A COOPERATIVE CORPORATION OR  ON  A  CONDOMINIUM
 BASIS  THAT IS PARTICIPATING IN AN AFFORDABLE HOUSING TAX CREDIT PROGRAM
 OR HAS A REGULATORY AGREEMENT WITH A FEDERAL,  STATE,  OR  LOCAL  AGENCY
 RELATED TO AFFORDABLE HOUSING REQUIREMENTS.
   §  2.  Subdivision  1  of  section  339-y  of the real property law is
 amended by adding a new paragraph (g) to read as follows:
   (G) THE PROVISIONS OF PARAGRAPH (B)  OF  THIS  SUBDIVISION  SHALL  NOT
 APPLY  TO  REAL PROPERTY OWNED OR LEASED BY A COOPERATIVE CORPORATION OR
 ON A CONDOMINIUM BASIS IN THE TOWN OF GREENBURGH, IN WESTCHESTER COUNTY,
 WHICH HAS ADOPTED, PRIOR TO THE TAXABLE STATUS DATE  OF  THE  ASSESSMENT
 ROLL UPON WHICH ITS TAXES WILL BE LEVIED, A LOCAL LAW PROVIDING THAT THE
 PROVISIONS  OF PARAGRAPH (B) OF THIS SUBDIVISION SHALL NOT APPLY TO SUCH
 REAL PROPERTY WITHIN SUCH TOWN; PROVIDED,  HOWEVER,  THE  PROVISIONS  OF
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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