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NY A10276
Bill
Status
6/18/2012
Primary Sponsor
Charles Lavine
Click for details
AI Summary
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Amends Real Property Tax Law Section 452 to allow municipalities to extend property tax exemptions for veterans' organizations to portions used by other entities not normally eligible for exemption
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Requires the governing body of a municipality to adopt a local law, ordinance, or resolution after a public hearing in order to grant such exemptions to non-exempt users
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Applies only to portions of property actually and exclusively used by persons or entities whose own property would not qualify for exemption
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Takes effect January 2 following the date the bill becomes law and applies to assessment rolls prepared on or after that effective date
Legislative Description
Authorizes municipalities to extend the real property exemption for property owned by veterans' organizations to portions of the property which are used by entities which are not entitled to the exemption.
Last Action
REFERRED TO RULES
6/18/2012