Bill Text: NY A03692 | 2019-2020 | General Assembly | Amended

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Bill Title: Sets a 7-year limit to the real property tax exemption for unimproved property of mandatory class nonprofit organizations.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Introduced - Dead) 2020-01-08 - referred to real property taxation [A03692 Detail]

Download: New_York-2019-A03692-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         3692--B

                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                    January 30, 2019
                                       ___________

        Introduced  by  M. of A. GUNTHER, COOK -- Multi-Sponsored by -- M. of A.
          STEC -- read once and referred to the Committee on Real Property Taxa-
          tion -- committee  discharged,  bill  amended,  ordered  reprinted  as
          amended  and recommitted to said committee -- again reported from said
          committee with amendments, ordered reprinted as amended and  recommit-
          ted to said committee

        AN  ACT  to amend the real property tax law, in relation to the duration
          of the exemption for property of mandatory class  nonprofit  organiza-
          tions  by  reason of the absence of suitable buildings or improvements
          thereon if construction  of  such  buildings  or  improvements  is  in
          progress or is in good faith contemplated

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subdivision 3 of section 420-a of  the  real  property  tax
     2  law,  such  section as renumbered by chapter 919 of the laws of 1981, is
     3  amended and a new subdivision 17 is added to read as follows:
     4    3. Such real property from which no revenue is derived shall be exempt
     5  though not in actual use therefor by reason of the absence  of  suitable
     6  buildings or other physical improvements thereon if:
     7    (a)  the construction of such buildings or other physical improvements
     8  is in progress or is in good faith contemplated by such  corporation  or
     9  association  within seven years after such property has been acquired by
    10  such corporation or association; for the purposes  of  calculating  such
    11  seven years' period, with respect to property acquired before the effec-
    12  tive  date  of  the  chapter  of the laws of two thousand nineteen which
    13  amended this subdivision, such seven years'  period  shall  commence  on
    14  such  effective  date, and with respect to property acquired on or after
    15  such effective date, such seven years' period shall commence on the date
    16  of acquisition; or
    17    (b) such real property is held by such corporation or association upon
    18  condition that the title thereto shall revert in case any  building  not

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00310-04-9
        A. 3692--B                          2

     1  intended  and  suitable  for  one or more such purposes shall be erected
     2  upon such premises or some part thereof.
     3    17.  Notwithstanding  any  provision  of this section to the contrary,
     4  real property used for the purpose of a  children's  overnight  camp  or
     5  summer  day  camp, as such terms are defined in section thirteen hundred
     6  ninety-two of the public health law, shall be exempt from the provisions
     7  of this section.
     8    § 2. This act shall take effect on the first of January next  succeed-
     9  ing the date on which it shall have become a law.