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Sponsors
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History
- Print number 3813a
- Amend and recommit to local government
- Referred to local government
- Referred to local government
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S3813A
Title of bill
An act to amend the real property tax law, in relation to establishing a new residential property exemption for certain counties
Purpose
Establishes a new residential property tax exemption for certain counties, including St. Lawrence County.
Summary of provisions
Bill section 1 would amend the real property tax by adding a new section(485-q) of the Real Property Tax Law, to authorize certain counties with a population of not less than one hundred ten thousand and not more than one hundred fifteen thousand, based upon the 2010 federal census, to exempt the construction of qualified new residential structures or total rehabilitation of qualified vacant residential structures determined to be unoccupied hazards initiated on or after the first day of July, two thousand fourteen from a real property tax.
Justification
St. Lawrence County has a shrinking tax base, while maintaining a relatively high property tax rate. In securing an addition to the NYS Real Property Tax Law, counties would be allowed to provide tax exemption incentives to stimulate the construction of new residential housing.
Legislative history
2013 - S. 3813 - Local Government Committee/A. 5467 - Real Property Taxation Committee.
Fiscal implications
None to the state.
Effective date
Immediate.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.