NY S02116

Adds a new tax exemption for privately owned vacant property in cities with populations of one million or more that is temporarily used for public benefit purposes.

Exempts qualifying properties from taxation and ad valorem levies when used for public benefit a minimum of 20 hours per week from November through March and 25 hours per week from April through October.

Defines "public benefit" to include open spaces, community gardens, urban farms, and pop-up parks.

Prohibits properties from receiving the exemption if the owner or operator receives or is entitled to receive pecuniary profit from the property's use.

Takes effect immediately upon enactment.