Bill Text: NY A03967 | 2009-2010 | General Assembly | Introduced

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Bill Title: An act to amend the tax law, in relation to exempting certain easements from the real estate transfer tax

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2010-07-01 - held for consideration in ways and means [A03967 Detail]

Download: New_York-2009-A03967-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         3967
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 29, 2009
                                      ___________
       Introduced by M. of A. CROUCH -- Multi-Sponsored by -- M. of A. FINCH --
         read once and referred to the Committee on Ways and Means
       AN  ACT to amend the tax law, in relation to exempting certain easements
         from the real estate transfer tax
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subparagraph 1 of paragraph (j) of subdivision 2 of section
    2  1449-ee  of the tax law, as added by chapter 114 of the laws of 1998, is
    3  amended to read as follows:
    4    (1) agricultural, conservation, scenic, PUBLIC USE or  an  open  space
    5  easement;  FOR  THE  PURPOSES  OF  THIS  SUBPARAGRAPH "PUBLIC USE" SHALL
    6  INCLUDE, BUT NOT BE LIMITED TO, TRAILWAYS  AND  BICYCLE  PATHS  AND  THE
    7  GRANTOR   OF   SUCH  PUBLIC  USE  EASEMENT  SHALL,  NOTWITHSTANDING  THE
    8  PROVISIONS OF ANY OTHER LAW  TO  THE  CONTRARY,  BE  IMMUNE  FROM  CIVIL
    9  LIABILITY  AND  ACTION  WITH  RESPECT TO ANY ACT OR OMISSION RELATING TO
   10  SUCH EASEMENT,
   11    S 2. This act shall take effect immediately and  shall  apply  to  all
   12  conveyances  of real property subject to a public use easement occurring
   13  on and after such  date;  provided,  however,  that  the  amendments  to
   14  subparagraph  1  of paragraph (j) of subdivision 2 of section 1449-ee of
   15  the tax law made by section one of this act shall not affect the  repeal
   16  of such section and shall be deemed to be repealed therewith.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD06909-01-9