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S3404Senate2013-2014 Session

Extends real property exemption for veterans organizations to include property occupied by any person although not also entitled to exemption

Sponsor Joseph P. Addabbo Jr.SD-15+2 co-sponsorsAffects Local Government
Status
In Senate Committee
Local Government
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Local Government

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Sponsors

Primary sponsor
Joseph P. Addabbo Jr.

Senator · Senate District 15

History

  1. Print number 3404a
  2. Amend and recommit to local government
  3. Referred to local government
  4. Referred to local government

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S3404A

Title of bill

An act to amend the real property tax law, in relation to extending real property exemption for veterans' organizations to include property so owned which is occupied by any person although not also entitled to exemption

Purpose

Extends real property tax exemption for veterans organizations to include property occupied by any person although not entitled to exemption.

SUMMARY OF PROVISIONS:!

Section 1: Declares legislative intent and findings.

Section 2: Subdivision 1 of section 452 of the real property tax law is amended to state that net income, of real property owned by organizations of persons pursuant to the provisions of section two of the benevolent orders law shall be entitled to an exemption if so eligible as provided by this section.

Section 3: States the effective date.

Justification

Presently, most veterans' organizations support their charitable, educational, and veteran's programs by renting space in their buildings. However, if the renter/tenant is not an exempt entity, the rental portion is taxable. This taxation has a devastating effect on the posts' maintenance and programs.

This law would seek to clarify that such income is now exempt from taxation, as was originally intended.

Legislative history

2013: S.3404 - Referred to Local Government

Fiscal implications

None.

Effective date

This act shall take effect immediately, with provisions.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.