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NY A03967
Bill
Status
1/29/2009
Primary Sponsor
Clifford Crouch
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AI Summary
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Expands the real estate transfer tax exemption to include public use easements in addition to existing agricultural, conservation, scenic, and open space easements
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Defines "public use easement" to include trailways and bicycle paths, with the list not limited to these examples
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Grants immunity from civil liability to grantors of public use easements for any acts or omissions relating to the easement, regardless of other applicable laws
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Takes effect immediately and applies to all conveyances of real property subject to a public use easement occurring on or after the effective date
Legislative Description
An act to amend the tax law, in relation to exempting certain easements from the real estate transfer tax
Last Action
held for consideration in ways and means
7/1/2010