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NY A11295
Bill
Status
7/25/2018
Primary Sponsor
Christine Pellegrino
Click for details
AI Summary
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Amends Real Property Tax Law Section 485-d to expand real property tax exemption eligibility from cities with populations of one million or more to include counties with populations of one million or more.
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Allows counties meeting the population threshold to grant whole or partial tax exemptions for property owned by water-works corporations subject to Public Service Law provisions and used exclusively for water sale, furnishing, and distribution.
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Requires local legislative body adoption of a local law as a condition for implementing the tax exemption in the respective city or county.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes counties with a population of one million or more to implement real property tax exemptions for property owned by water-works corporations; authorizes whole and partial exemptions provided the legislative bodies of such counties adopt a local law so providing.
Last Action
referred to real property taxation
7/25/2018