S T A T E O F N E W Y O R K ________________________________________________________________________ 10323 I N A S S E M B L Y May 22, 2012 ___________ Introduced by M. of A. CAHILL -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to providing a tax exemption for specific real property used to provide housing for aged persons in the city of Kingston THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Subdivision 1 of section 422 of the real property tax law 2 is amended by adding a new paragraph (d) to read as follows: 3 (D) REAL PROPERTY OWNED BY A NOT-FOR-PROFIT CORPORATION ORGANIZED 4 PURSUANT TO THE NOT-FOR-PROFIT CORPORATION LAW AND THE PROVISIONS OF 5 ARTICLE TWO OF THE PRIVATE HOUSING FINANCE LAW, USED EXCLUSIVELY TO 6 PROVIDE HOUSING FOR AGED PERSONS OF LOW, MODERATE OR MIDDLE INCOME WHO 7 AS DEFINED BY THE NEW YORK STATE HOUSING FINANCE AGENCY REQUIRE ASSIST- 8 ANCE WITH AT LEAST ONE INSTRUMENTAL ACTIVITY OF DAILY LIVING AND SOME 9 SUPPORTIVE SERVICES, INCLUDING BUT NOT LIMITED TO CONGREGATE MEALS; 10 ACCESS TO MEDICAL ASSISTANCE; SECURITY; HOUSEKEEPING AND OTHER INCI- 11 DENTALS AT 80 WASHINGTON AVENUE, CITY OF KINGSTON, OTHERWISE KNOWN AS 12 SECTION 56.107, BLOCK 4, LOT 12 WILL BE ENTITLED TO AN EXEMPTION SUBSE- 13 QUENT TO TAXABLE STATUS FOR THE TWO THOUSAND TEN, TWO THOUSAND ELEVEN, 14 TWO THOUSAND TWELVE, TWO THOUSAND THIRTEEN, TWO THOUSAND FOURTEEN, TWO 15 THOUSAND FIFTEEN, TWO THOUSAND SIXTEEN, TWO THOUSAND SEVENTEEN, TWO 16 THOUSAND EIGHTEEN, TWO THOUSAND NINETEEN, TWO THOUSAND TWENTY, TWO THOU- 17 SAND TWENTY-ONE, AND TWO THOUSAND TWENTY-TWO ASSESSMENT YEARS. 18 S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15940-01-2