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NY A05680
Bill
Status
2/19/2025
Primary Sponsor
Christopher Eachus
Click for details
AI Summary
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Allows taxation of private lessees and contractors using federal or state-owned real property for business purposes, treating their possessory interest as taxable property
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Exempts concessions available to the general public located in or adjacent to airports, parks, markets, fairgrounds, roads, piers, marinas, railroads, buslines, or subways
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Requires local governing bodies to adopt a local law, ordinance, or resolution after public hearing before taxing these possessory interests
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Provides a four-year phase-in for existing possessory interests, reducing the exemption from 80% in year one to 20% in year four before full taxation
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Exempts businesses with fewer than 25 employees and possessory interests on military land where the school district receives federal Impact Aid funds
Legislative Description
Subjects to taxation the possessory interest of a private individual or corporation which uses real property owned by the United States or the state, except for real property owned by public authorities, for business purposes; excludes private property where the use is for a concession available to the general public located on property, such as parks, available for the use of the general public.
Last Action
referred to real property taxation
1/7/2026