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NY S09106
Bill
Status
11/23/2020
Primary Sponsor
Pamela Helming
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AI Summary
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Adds new section 475 to the real property tax law allowing cities and towns to exempt improvements on privately-owned airports from taxation through local law or resolution, subject to permissive referendum
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Applies only to airports that grant free public use of landing areas and are listed in the United States government flight information publication airport/facility directory as open to the public
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Exemption covers runway surfaces, taxiing areas, open air parking, air navigation or communications facilities, and passenger terminal buildings available for free public use
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Prohibits exemptions for land used for crop production or other airport complex areas that generate income
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Takes effect January 1 of the year following enactment
Legislative Description
Allows cities and towns to pass a local law or resolution, subject to permissive referendum, to allow a real property tax exemption for privately-owned, public use airports; the percentage of exemption would be specified in the law or resolution; the exemption would be limited to improvements to the airport used for takeoff, landing, taxiing and open air parking of aircraft, air navigation or communications facilities and passenger terminals available to the public without charge.
Last Action
REFERRED TO RULES
11/23/2020