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NY A01288
Bill
Status
1/17/2023
Primary Sponsor
Jaime Williams
Click for details
AI Summary
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Removes requirement that municipalities adopt local laws, ordinances, or resolutions before nonprofit organizations can claim property tax exemptions under sections 420-a and 420-b of the Real Property Tax Law.
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Extends the filing deadline for exemption applications from 30 days after property transfer to the taxable status date applicable to the assessment roll three years after purchase.
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Allows nonprofit organizations to file exemption applications regardless of whether their municipality has formally authorized such exemptions through local adoption.
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Changes terminology from "tax roll" to "assessment roll" throughout the relevant provisions for consistency and clarification.
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Takes effect immediately upon enactment.
Legislative Description
Relates to property tax exemptions for nonprofit organizations; allows for nonprofit organizations to file an application for an exemption with the assessor no later than the taxable status date applicable to the following year's assessment roll where such nonprofit organization has purchased property after the taxable status date but prior to the levy of taxes.
Last Action
print number 1288a
2/28/2024