Senate Bill S1632A

2023-2024 Legislative Session

Discontinues certain real property tax exemptions for real property used for major league sports teams

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Sponsored By

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

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Bill Amendments

co-Sponsors

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 - Summary

Discontinues the real property tax exemption for certain real property that is used for home games for certain professional sports teams in New York city beginning with the 2024 assessment roll.

2023-S1632 - Sponsor Memo

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

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) - Summary

Discontinues the real property tax exemption for certain real property that is used for home games for certain professional sports teams in New York city beginning with the 2024 assessment roll.

2023-S1632A (ACTIVE) - Sponsor Memo

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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