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NY A01992
Bill
Status
1/9/2013
Primary Sponsor
Clifford Crouch
Click for details
AI Summary
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Amends tax law section 1449-ee to include "public use" easements as exempt from the real estate transfer tax, alongside existing agricultural, conservation, scenic, and open space easements.
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Defines "public use" easements to include trailways and bicycle paths, with the definition not limited to these examples.
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Grants immunity from civil liability and legal action to grantors of public use easements for any acts or omissions related to the easement, notwithstanding other laws.
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Takes effect immediately and applies to all real property conveyances subject to a public use easement occurring on or after the effective date.
Legislative Description
Exempts public use easements from the real estate transfer tax and provides that the grantor of such easement shall be immune from civil liability and action with respect to any act or omission relating to such easement; defines "public use" for the purposes of this subparagraph.
Last Action
held for consideration in ways and means
6/17/2014