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NY S06919
Bill
Status
4/11/2012
Primary Sponsor
Catharine Young
Click for details
AI Summary
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Allows counties, cities, towns, villages, and school districts to grant real property tax exemptions for primary residences purchased by physicians practicing in physician shortage areas as designated by the Commissioner of Health.
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Tax exemptions must not exceed 50 percent of assessed property value and cannot last longer than 5 years, with specific terms and conditions established by local law or school district resolution after public hearing.
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Requires municipalities and school districts to file copies of adopted exemption laws or resolutions with the state board and local assessor.
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Takes effect immediately and applies to tax years beginning on or after March 1 following enactment, or the first taxable status date after enactment for municipalities with non-standard tax status dates.
Legislative Description
Authorizes real property taxing jurisdictions to grant a partial tax exemption for property purchased by a physician in a physician shortage area, as determined by the commissioner of health, which will be such physician's primary residence and he or she will practice in such shortage area.
Last Action
COMMITTED TO RULES
6/21/2012