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Bill > S02897
NY S02897
NY S02897Repeals provisions of law granting real property tax exemption to certain entities.
summary
Introduced
01/30/2019
01/30/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
AN ACT to repeal section 429 of the real property tax law relating to real property used for professional major league sports The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill repeals Section 429 of the New York Real Property Tax Law, which previously granted a property tax exemption to certain entities, such as professional major league sports teams. The bill aims to void any provisions in leases, agreements, or other written instruments that require entities other than the property owners to pay taxes or equivalent charges imposed by any taxing authority, as this is deemed against public policy.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
REFERRED TO LOCAL GOVERNMENT (on 01/08/2020)
Official Document
bill text
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2019/S2897 | 09/15/2020 |
| State Bill Page | https://assembly.state.ny.us/leg/?default_fld=&bn=S02897&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y | 01/31/2019 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S02897&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02897 | 01/31/2019 |
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