NY A01291

Amends Real Property Tax Law Section 532 to impose taxation on state-owned lands beginning January 1, 2024, excluding improvements erected on the property.

Establishes a graduated tax rate schedule: 10% of full property taxes in 2024, increasing to 15% in 2025, 20% in 2026, 25% in 2027, and 30% in 2028 and thereafter.

Requires the state to pay the greater amount when payment-in-lieu-of-taxes (PILOT) agreements exist, ensuring taxes do not reduce other municipal corporation payments owed under existing law.

Applies to the state lands currently listed in Section 532, including forest preserve lands, park properties, game management areas, and other state-owned parcels across multiple New York counties.