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History
- Referred to local government
- Referred to local government
Companion bill
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Provides for a limitation or remission of taxes on historic places
In Assembly Committee · Ways And Means · Sponsor Fred Thiele
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S3011
Title of bill
An act to amend the town law and the general municipal law, in relation to the limitation or remission of taxes on historic places
Purpose
Provides for a limitation or remission of taxes on historic places.
Summary of provisions
Amends subdivision 17-a of Section 64 of the town law and Section 96-a of the general municipal law to allow any property owner whose property is within an historic district or designated an historic landmark to apply for a limitation or remission of the taxes assessed on said property to compensate said property owners for added costs, if any, of maintaining property in accordance with the requirements for historic districts or landmarks. Each municipality may establish a maximum amount or percentage for such limitation or remission and may provide that such limitation or remission shall only apply to properties designated as historic landmarks.
Justification
The character of a community is closely associated with its past through its many significant historic, architectural and cultural resources, all constituting part of its heritage. The protection, enhancement and perpetuation of these resources are necessary to promote its economic, cultural, educational and general welfare. There is a need to provide incentives to encourage the designation and protection of historic structures.
Providing incentives for property owners, financial and otherwise, has proven to be an effective way to encourage local landmark and historic district designation, i.e. the protection of the community's historic character, sense of place, and distinctive identity. One of the most common requests by owners is a reduction in taxes. Examples of tax breaks for historically designated properties elsewhere in America, such as Austin, Texas and Hillsborough, Florida. Tax discounts, along with other programs, can help owners offset maintenance costs often associated with the stewardship of an historic structure. Providing the owners of such structures would only marginally affect the tax revenue of the community while providing a boost to its constituency's pride and connection to place.
Legislative history
2013: New Legislation
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.