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NY A01134
Bill
Status
1/7/2021
Primary Sponsor
Kevin Cahill
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AI Summary
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Amends Real Property Tax Law by adding Section 475 to allow tax exemptions for improvements at privately-owned airports that are open to the public for aircraft takeoff and landing.
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Exemptions require passage of a local law or resolution by a city or town governing body, subject to permissive referendum, with the exemption percentage specified in that resolution.
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Applies only to airports listed in the United States government flight information publication airport/facility directory as open to the public and that grant free landing area use to the public.
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Limits exemptions to landing area improvements including runway surfaces, taxiways, open air parking areas, air navigation or communications facilities, and public passenger terminal buildings.
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Excludes from exemption crop production land and other airport complex portions that generate income.
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 real property taxation
1/5/2022