Loading chat...
NY A01685
Bill
Status
Introduced
1/17/2023
Primary Sponsor
Daniel O'Donnell
Click for details
AI Summary
- Prohibits owners of commercial storefront properties from receiving property tax exemptions under the Real Property Tax Law if the property has been vacant or unoccupied for at least two years
- Defines "commercial storefront property" as non-residential property used for buying, selling, or providing goods or services located on the ground floor or street level of a commercial building
- Defines "vacant" as minimal or no inanimate objects present on the property and "unoccupied" as a lack of habitual presence of individuals engaged in commercial activities
- 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
1/3/2024
Committee Referrals
Real Property Taxation1/17/2023
Full Bill Text
No bill text available