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NY A09774
Bill
Status
4/9/2024
Primary Sponsor
Fred Thiele
Click for details
AI Summary
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Amends Real Property Tax Law Section 464 to add ambulance companies as eligible lessees for property tax exemptions previously limited to firefighter organizations, cities, towns, villages, fire districts, and school districts.
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Exempts real property leased to an ambulance company when the property is exclusively used and occupied by that ambulance company for ambulance purposes.
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Requires rent under ambulance company leases not exceed the amount of carrying, maintenance, and depreciation charges to qualify for exemption.
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Maintains existing $20,000 annual exemption cap for incorporated associations of volunteer firefighters and extends exemption protections to ambulance company leases under both subdivision 1 and subdivision 2 provisions.
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Takes effect immediately and applies to tax years commencing on or after the effective date.
Legislative Description
Provides an exemption from real property taxes for real property owned by an incorporated association of present or former volunteer firefighters, an incorporated volunteer fire company or fire department which is leased to an ambulance company exclusively used and occupied by such ambulance company for ambulance purposes.
Last Action
referred to real property taxation
4/9/2024