Loading chat...
NY A04412
Bill
Status
Introduced
2/4/2021
Primary Sponsor
Daniel O'Donnell
Click for details
AI Summary
- Creates new Section 497 of the Real Property Tax Law prohibiting commercial storefront property owners from receiving tax exemptions if the property has been vacant or unoccupied for at least two years
- Defines "commercial storefront property" as non-residential ground floor or street-level property used primarily for buying, selling, or providing goods or services
- Defines "vacant" as minimal or no inanimate objects on the property and "unoccupied" as lacking habitual presence of individuals engaged in commercial activity
- Takes effect immediately and applies to assessment rolls prepared on the basis of taxable status dates occurring on or after the effective date
Legislative Description
Relates to prohibiting exemptions for owners of vacant or unoccupied storefront properties.
Last Action
referred to real property taxation
1/5/2022
Committee Referrals
Real Property Taxation2/4/2021
Full Bill Text
No bill text available