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NY A10280
Bill
Status
5/16/2024
Primary Sponsor
Jaime Williams
Click for details
AI Summary
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Amends the real property tax law to allow counties, cities, towns, villages, and school districts to exempt child day care properties from taxation up to 50% of assessed valuation through local law or resolution.
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Local legislative bodies and school district governing boards may reduce the exemption percentage below 50% as they determine.
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Exemption terminates if the property ceases to be used for licensed child day care operations during the exemption term.
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Defines "child day care" using the same definition from section 390 of the social services law.
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Takes effect immediately upon enactment.
Legislative Description
Allows localities to grant an exemption from real property taxation for child day cares of up to 50% of the assessed value of such property.
Last Action
reported referred to ways and means
5/21/2024