What's happening
This bill ensures that any changes to section 480-a tax exemptions for property apply only to new applications after the law takes effect.
Why it matters
Protects current property owners’ expectations. by ensuring that anyone who already receives the 480-a tax exemption will not be affected by future changes to the law, providing stability for long-term planning.
Limits retroactive policy impact,. meaning that any new rules or restrictions will only influence those who apply after the law is changed, not those already enrolled, which is important for fairness and trust in government programs.
Gives landowners and foresters clearer guidance. about when new requirements kick in, possibly encouraging continued participation in forest management and conservation under the assumption that current terms won’t suddenly change.
May influence political and stakeholder support. for future amendments, as existing participants are shielded, making it easier to enact reforms without backlash from those already benefitting from the program.
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Who cares
Headline styles
Limit 480-a Tax Changes
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Referred to real property taxation
- Referred to real property taxation
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Limit 480-a Tax Changes
In Senate Committee · Finance · Sponsor Patty Ritchie
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
471
2017-2018 Regular Sessions
IN ASSEMBLY
January 9, 2017
Introduced by M. of A. GUNTHER, RAIA -- read once and referred to the Committee on Real Property Taxation
AN ACT in relation to properties receiving a 480-a tax exemption
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Any amendments to section 480-a of the real property tax law initiated by the state's department of environmental conservation shall only apply to applications made on or after the effective date of this act.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03661-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.