Bill Text: NY A05717 | 2013-2014 | General Assembly | Introduced
Bill Title: Authorizes the reduction of assessed value of land subject to a conservation easement conveyed to not-for-profit conservation organization.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2014-05-28 - held for consideration in real property taxation [A05717 Detail]
Download: New_York-2013-A05717-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
5717
2013-2014 Regular Sessions
I N A S S E M B L Y
March 6, 2013
___________
Introduced by M. of A. DIPIETRO -- read once and referred to the Commit-
tee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to establishing a
reduction in the assessed value of lands burdened by certain conserva-
tion easements
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. The real property tax law is amended by adding a new
2 section 533-a to read as follows:
3 S 533-A. ASSESSMENT OF CONSERVATION EASEMENTS CONVEYED TO CERTAIN
4 ORGANIZATIONS. NOTWITHSTANDING THE PROVISIONS OF SECTION FIVE HUNDRED
5 THIRTY-THREE OF THIS TITLE, UPON CONVEYANCE OF A CONSERVATION EASEMENT
6 TO A NOT-FOR-PROFIT CONSERVATION ORGANIZATION, THE ASSESSED VALUE OF THE
7 INTEREST IN EACH SUBJECT PARCEL RETAINED BY THE GRANTOR OF SUCH EASEMENT
8 SHALL BE MODIFIED TO EFFECT THE CHANGE, IF ANY, IN THE VALUE OF THE
9 LANDS SUBJECT TO SUCH CONSERVATION EASEMENT.
10 S 2. This act shall take effect on the thirtieth day after it shall
11 have become a law and shall apply to the conveyance of conservation
12 easements on or after such date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04609-01-3
