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NY A00121
Bill
Status
1/5/2011
Primary Sponsor
Kevin Cahill
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AI Summary
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Adds new section 475 to the Real Property Tax Law allowing cities and towns to enact a local law or resolution to exempt improvements on landing areas of privately-owned airports from taxation
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Applies only to privately-owned airports that grant free public use of landing areas for aircraft takeoff and landing and are listed in the United States Government Flight Information Publication Airport/Facility Directory as open to the public
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Defines "landing area" to include runway surfaces, taxiing areas, open air parking for aircraft, air navigation or communications facilities, and passenger terminal buildings available to the public without charge
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Exemption is subject to permissive referendum and the extent of exemption must be specified in the local law or resolution
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Excludes from exemption any land areas used for crop production or other airport portions generating income
Legislative Description
Allows cities and towns to pass a local law or resolution, subject to permissive referendum, to allow a real property tax exemption for privately-owned, public use airports; the percentage of exemption would be specified in the law or resolution; the exemption would be limited to improvements to the airport used for takeoff, landing, taxiing and open air parking of aircraft, air navigation or communications facilities and passenger terminals available to the public without charge.
Last Action
referred to real property taxation
1/5/2011