Bill Text: NY A03483 | 2019-2020 | General Assembly | Introduced

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Bill Title: Authorizes municipalities to restrict the definitions of "commercial purpose or use" and "mixed-use property".

Spectrum: Partisan Bill (Democrat 11-0)

Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A03483 Detail]

Download: New_York-2019-A03483-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          3483
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 29, 2019
                                       ___________
        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  authorizing
          municipalities  to  restrict the definitions of "commercial purpose or
          use" and "mixed-use property"
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subdivision  2  of section 485-a of the real property tax
     2  law, as amended by chapter 632 of the laws of 2004, is amended  to  read
     3  as follows:
     4    2.  Any  municipality  may, by local law, provide for the exemption of
     5  real property from taxation  as  provided  in  this  section.  Upon  the
     6  adoption  of  such a local law, the county in which such municipality is
     7  located may, by local law, and any school district, all or part of which
     8  is located in such municipality, may, by resolution, exempt such proper-
     9  ty from its taxation in the same manner and to the same extent  as  such
    10  municipality has done. Further, such municipality may by local law spec-
    11  ify  a  more  restrictive  definition of "commercial purpose or use" and
    12  "mixed-use property" than is defined by paragraphs (d) and (e) of subdi-
    13  vision one of this section.
    14    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06087-01-9