NY A01032

Requires local officials preparing annual budgets to prepare exemption reports organized according to a commissioner-provided template and categories, rather than a prescribed form.

Exemption reports must specify groups of persons or institutions benefited by exemptions, link to related budget categories, and indicate whether local choice exists in granting each exemption.

Reports must show assessed value exempt from taxation by category, the percentage each category comprises of the total assessment roll, net revenue forgone by exemption category, and the effect on average single-family residential property tax obligations if exemptions were removed.

Exemption categories with less than one percent impact on the final assessment roll may be aggregated as a single entry, and no individual exemption recipients shall be named.

Reports must be separately posted on public bulletin boards and websites maintained by the budgeting authority and released with tentative or preliminary budgets and final budgets.