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NY S02269
Bill
Status
1/19/2023
Primary Sponsor
Pamela Helming
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AI Summary
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Adds new section 475 to Real Property Tax Law allowing municipalities to exempt improvements at privately-owned, publicly-accessible airports from taxation through local law or resolution subject to permissive referendum.
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Exemption applies only to airports that grant free public use of landing areas and are listed in the United States government flight information publication airport/facility directory.
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Defines "landing area" to include runway surfaces, taxiways, open air parking areas, air navigation or communications facilities, and public passenger terminal buildings.
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Excludes land areas used for crop production or other airport complex portions generating income from the exemption.
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Takes effect January 1st following enactment into law.
Legislative Description
Allows cities and towns to pass a local law or resolution, subject to permissive referendum, to allow a real property tax exemption for privately-owned, public use airports; provides the percentage of exemption would be specified in the law or resolution; provides the exemption would be limited to improvements to the airport used for takeoff, landing, taxiing and open air parking of aircraft, air navigation or communications facilities and passenger terminals available to the public without charge.
Last Action
REFERRED TO LOCAL GOVERNMENT
1/3/2024