 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          2899
 
                               2017-2018 Regular Sessions
 
                    IN SENATE
 
                                    January 18, 2017
                                       ___________
 
        Introduced  by  Sen. RITCHIE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations
 
        AN ACT to amend the tax law, in relation to  property  tax  credits  for
          farmers
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Paragraph 3 of subsection (n) of section  606  of  the  tax
     2  law,  as  amended by chapter 728 of the laws of 2005, is amended to read
     3  as follows:
     4    (3) School district property taxes. For purposes of  this  subsection,
     5  the  term  "school  district  property  taxes" means all property taxes,
     6  special ad valorem levies and special assessments, exclusive  of  penal-
     7  ties  and interest, levied for school district purposes on the qualified
     8  agricultural property (A) owned by the taxpayer [or], (B) owned  by  the
     9  father,  mother,  grandfather,  grandmother,  brother  or  sister of the
    10  taxpayer  and  a  written  agreement  expressing  intent  to  eventually
    11  purchase  the land has been entered into, or (C) owned by trust to which
    12  the taxpayer is a beneficiary.
    13    § 2. This act shall take effect immediately.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08277-01-7
Relates to property tax credits for farmers

What's Happening

Why It Matters
