NY A03330

Establishes a real property tax exemption task force within the New York Department of Taxation and Finance to study and report on real property tax exemptions.

Task force must study types and classifications of exempt properties, number of partial and full exemptions granted, exemption processes, federally required exemptions, and exemptions granted by industrial development agencies.

Task force consists of seven members: the tax commissioner (or designee), comptroller (or designee), attorney general (or designee), and one appointee each from the senate temporary president, senate minority leader, assembly speaker, and assembly minority leader.

Task force members serve without compensation but receive reimbursement for necessary and actual expenses; the Department of Taxation and Finance provides facilities, assistance, and data.

Task force must deliver findings and recommendations to the legislature within one year and the act expires two years after effective date or upon report delivery, whichever occurs first.