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NY A00846
Bill
Status
Introduced
1/11/2023
Primary Sponsor
David Weprin
Click for details
AI Summary
- Repeals section 429 of the real property tax law, which relates to real property used for professional major league sports
- Declares void as against public policy any lease, agreement, or written instrument that requires taxes or tax equivalents to be paid by anyone other than the property owner
- Applies voiding provision to taxes or charges imposed by any taxing authority on property owned by individuals, partnerships, corporations, limited liability companies, teams, franchises, or other entities
- Takes effect 90 days after becoming law
Legislative Description
Repeals provisions granting real property tax exemption to certain entities.
Last Action
referred to real property taxation
1/3/2024
Committee Referrals
Real Property Taxation1/11/2023
Full Bill Text
No bill text available