NY S01735

Amends Real Property Tax Law section 444-a regarding tax exemptions for alterations or rehabilitation of historic properties

Removes requirements that alterations must be made specifically for historic preservation purposes and must meet guidelines in local preservation law

Maintains requirement that properties must be designated landmarks or contribute to a historic district under general municipal law

Requires any alterations under local preservation commission jurisdiction to be approved by that commission before work begins

Authorizes counties, cities, towns, villages, or school districts to reduce the exempt percentage, limit eligibility to certain types of alterations, or extend exemptions to rehabilitations outside preservation commission jurisdiction