NY S04672

Adds strict definitions and usage requirements for non-profit property tax exemptions in New York, including a requirement that exempt organizations prove by "clear and convincing evidence" that each acre is actively used for exempt purposes at least 120 days per year (90 days for personal improvement properties).

Restricts "used exclusively" language to prohibit tax exemptions for properties with commercial activities, including sale of products made on the land, timber sales, commercial leases, or commercial improvements, with non-compliant portions subject to taxation.

Defines specific exempt purposes including religious, educational, charitable, hospital, medical, recreational, and moral/mental improvement activities with detailed limitations; excludes activities like meditation and open space maintenance from religious purposes; prohibits religious exemptions for properties with income-producing ventures unless goods/services are sold exclusively to members of the same religion.

Establishes "land trust" exemption category requiring contracts ensuring land cannot be sold or encumbered without purchasing replacement property of equal value within one year, with liability for back taxes if replacement purchase fails.

Creates new state aid payment program (Section 420-d) providing up to 100 percent reimbursement to taxing districts for lost tax revenue on exempt properties owned by youth-oriented educational organizations, with payments subject to legislative appropriations.