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Bill > S03122


NY S03122

NY S03122
Repeals provisions granting real property tax exemption to certain entities.


summary

Introduced
01/27/2021
In Committee
01/05/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 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

AI Summary

This bill repeals section 429 of the New York Real Property Tax Law, which provided a tax exemption for real property used for professional major league sports. The bill also declares that any provision in a lease, agreement, or other written instrument that requires any person or entity other than the property owner to pay taxes or equivalent charges imposed by a taxing authority is void as against public policy.

Committee Categories

Government Affairs

Sponsors (4)

Last Action

REFERRED TO LOCAL GOVERNMENT (on 01/05/2022)

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