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NY A07937
Bill
Status
6/2/2021
Primary Sponsor
Jodi Giglio
Click for details
AI Summary
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Allows towns to provide an exemption from real estate transfer tax for conveyances to food relief organizations through local law.
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Defines "food relief organization" as a religious organization or tax-exempt not-for-profit corporation that provides free food to persons experiencing food insecurity, including food pantries, food banks, and soup kitchens.
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Amends Section 1449-ee of the Tax Law by adding a new subdivision 6 establishing the exemption authority.
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Takes effect immediately upon enactment but will be repealed along with any repeal of Section 1449-ee.
Legislative Description
Exempts certain not-for-profit corporations from the real estate transfer tax if such conveyance is to a food relief organization for the purpose of providing food for free to persons experiencing food insecurity.
Last Action
referred to ways and means
1/5/2022