Loading chat...

NY A08320

Bill

Official Source

Status

Vetoed

11/21/2014

Primary Sponsor

William Magnarelli

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Extends farm dwelling real property tax exemption eligibility to properties held by limited liability companies, where exemption is granted if the property serves as primary residence of one or more owners
  • Aligns limited liability company treatment with existing exemption rules for S-corporations, C-corporations, and partnerships
  • Designates shareholder and partner status information as confidential and exempt from freedom of information law requests
  • Takes effect January 1, 2015

Legislative Description

Relates to real property tax exemptions for farm dwellings owned by a limited liability company.

Last Action

tabled

11/21/2014

Committee Referrals

Local Government5/6/2014
Ways and Means3/18/2014
Real Property Taxation12/18/2013

Full Bill Text

No bill text available