NY A05308

Prohibits owners of commercial storefront properties from receiving real property tax exemptions if the property has been vacant or unoccupied for at least two years

Defines "commercial storefront property" as non-residential ground floor or street level property used primarily for buying, selling, or providing goods or services

Defines "vacant" as having minimal or no inanimate objects on the property, and "unoccupied" as lacking habitual presence of individuals engaged in commercial activities

Takes effect immediately and applies to assessment rolls prepared on or after the effective date