Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to local government |
Mar 17, 2023 |
print number 1632a |
Mar 17, 2023 |
amend (t) and recommit to local government |
Jan 13, 2023 |
referred to local government |
Senate Bill S1632A
2023-2024 Legislative Session
Sponsored By
(D) 27th Senate District
Current 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
Bill Amendments
co-Sponsors
(D) 30th Senate District
(D, WF) 59th Senate District
(D) 26th Senate District
(D, WF) 47th Senate District
2023-S1632 - Details
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §429, add §429-a, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2017-2018:
S8128
2019-2020: S2897
2021-2022: S3122
2023-S1632 - Sponsor Memo
BILL NUMBER: S1632 SPONSOR: KAVANAGH TITLE OF BILL: An act to repeal section 429 of the real property tax law relating to real property used for professional major league sports PURPOSE OF BILL: This bill repeals Section 429 of the real property tax law, "real prop- erty used for professional major league sports," to require that the owners of Madison Square Garden pay real property taxes. Under the law written to encompass only the Garden-the exemption is contingent upon the continued use of the venue by both a professional major league hock- ey team and basketball team for all of their home games. At its inception in 1982, the exemption cost the state around $5 million annually. In 2014-the last year before the Garden's $1 billion renova- tion-the cost to the state was $17.3 million. Just two years later in 2016, the cost to the state was assessed to be $48.5 million.
2023-S1632 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1632 2023-2024 Regular Sessions I N S E N A T E January 13, 2023 ___________ Introduced by Sens. KAVANAGH, HOYLMAN-SIGAL, JACKSON, SALAZAR -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to repeal section 429 of the real property tax law relating to real property used for professional major league sports THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative intent. The legislature hereby declares that any provision in a lease, agreement or any other written instrument requiring that any taxes or their equivalent, set forth in such instru- ment in the form of any charges of any kind whatsoever, imposed by any taxing authority, shall be made the obligation of any person, sole proprietorship, partnership, firm, corporation, limited liability compa- ny, association, franchise, team, or any other entity, other than the owner or owners of such property, shall be deemed void as against public policy. § 2. Section 429 of the real property tax law is REPEALED. § 3. This act shall take effect on the ninetieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01532-01-3
co-Sponsors
(D, WF) 25th Senate District
(D) 30th Senate District
(D, WF) 59th Senate District
(D) 26th Senate District
2023-S1632A (ACTIVE) - Details
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §429, add §429-a, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2017-2018:
S8128
2019-2020: S2897
2021-2022: S3122
2023-S1632A (ACTIVE) - Sponsor Memo
BILL NUMBER: S1632A SPONSOR: KAVANAGH TITLE OF BILL: An act to amend the real property tax law, in relation to discontinuing the real property tax exemption for certain real property used for professional major league sports PURPOSE OF BILL: This bill amends Section 429 of the real property tax law, "real proper- ty used for professional major league sports," to require that the owners of Madison Square Garden pay real property taxes. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill states the Legislative intent behind the repeal. Section 2 of the bill amends Section 429 of the real property tax law to end the tax exemption after the 2023 assessment roll.
2023-S1632A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1632--A 2023-2024 Regular Sessions I N S E N A T E January 13, 2023 ___________ Introduced by Sens. KAVANAGH, CLEARE, GONZALEZ, GOUNARDES, HOYLMAN-SI- GAL, JACKSON, KRUEGER, RAMOS, RIVERA, SALAZAR -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- 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 discontinuing the real property tax exemption for certain real property used for professional major league sports THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative intent. The legislature hereby declares that any provision in a lease, agreement or any other written instrument requiring that any taxes or their equivalent, set forth in such instru- ment in the form of any charges of any kind whatsoever, imposed by any taxing authority, shall be made the obligation of any person, sole proprietorship, partnership, firm, corporation, limited liability compa- ny, association, franchise, team, or any other entity, other than the owner or owners of such property, shall be deemed void as against public policy. § 2. Section 429 of the real property tax law, as added by chapter 459 of the laws of 1982, is amended to read as follows: § 429. Real property used for professional major league sports. Real property within a city having a population of one million or more, used by both a professional major league hockey team which is a member of the National Hockey League and a professional major league basketball team which is a member of the National Basketball Association to play their home games shall be exempt from taxation to the extent said taxes are the obligation by lease or otherwise of the owners of franchises for such teams, provided that such owners enter into a written agreement with the chief executive officer of the municipality in which such prop- erty is located to play their home games within such municipality for a EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01532-04-3
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