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NY A10057

Bill

Official Source

Status

Passed

11/5/2018

Primary Sponsor

William Magee

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Extends the deadline for agricultural and horticultural structures to qualify for real property tax exemption from January 1, 2019 to January 1, 2029
  • Applies to structures and buildings essential to agricultural or horticultural operations that are constructed or reconstructed after January 1, 1969
  • Exempts qualifying structures from taxation on the increase in value due to construction or reconstruction for a period of ten years
  • Takes effect immediately upon enactment

Legislative Description

Extends the real property tax exemption for structures and buildings essential to agricultural and horticultural use to buildings built prior to January 1, 2029.

Last Action

signed chap.326

11/5/2018

Committee Referrals

Local Government5/9/2018
Ways and Means3/20/2018
Real Property Taxation3/13/2018

Full Bill Text

No bill text available