What's happening
This bill expands eligibility for the residential-commercial property tax exemption program to all municipalities, removing prior population restrictions.
Why it matters
Broader access to tax relief. By removing population-based limits, this change allows any municipality—regardless of size or county demographics—to opt into the residential-commercial exemption program, potentially increasing the number of communities that can offer property tax incentives.
Potential for increased revitalization efforts. Expanded eligibility may encourage more towns and cities to use tax exemptions as a tool to stimulate redevelopment and mixed-use projects, supporting local economic growth and neighborhood improvement.
Greater local flexibility and equity. Municipalities that were previously excluded due to population thresholds can now decide for themselves whether to implement this exemption, allowing more tailored responses to local housing and commercial needs.
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Who cares
Headline styles
Expand Tax Exemptions Statewide
Plain English, a few words. Used as the page title.
Sponsors
History
- Held for consideration in real property taxation
- 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.
Expand Tax Exemption Statewide
In Senate Committee · Local Government · Sponsor Robert Ortt
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
4977
2019-2020 Regular Sessions
IN ASSEMBLY
February 6, 2019
Introduced by M. of A. DiPIETRO, MOSLEY -- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to the residential-commercial exemption program
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Paragraph (g) of subdivision 1 of section 485-n of the real property tax law, as amended by chapter 394 of the laws of 2012, is amended to read as follows:
(g) "Municipality" means any town, city, village or other taxing entity [located in a county having a population of not less than sixty-five thousand three hundred ninety and not more than sixty-five thousand four hundred as determined by the federal decennial census for the year two thousand ten or in a county having a population of not less than ninety-eight thousand nine hundred and not more than ninety-nine thousand as determined by the federal decennial census for the year two thousand ten].
§ 2. This act shall take effect immediately, provided that the amendments to subdivision 1 of section 485-n of the real property tax law made by section one of this act shall not affect the repeal of such section and shall be deemed repealed therewith.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01435-01-9
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.