Bill
Bill > A00846
summary
Introduced
01/11/2023
01/11/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 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 Real Property Tax Law, which grants a real property tax exemption to certain entities, such as professional major league sports teams. The bill also declares that any provision in a lease, agreement, or other written instrument that requires any person, entity, or party other than the property owner to pay taxes or charges imposed by a taxing authority is void as against public policy.
Committee Categories
Budget and Finance
Sponsors (13)
Michael Benedetto (D)*,
William Colton (D)*,
David Weprin (D)*,
Alex Bores (D),
Jessica González-Rojas (D),
Dana Levenberg (D),
Zohran Mamdani (D),
Steven Raga (D),
Linda Rosenthal (D),
Jo Anne Simon (D),
Tony Simone (D),
Phara Souffrant Forrest (D),
Phil Steck (D),
Last Action
referred to real property taxation (on 01/03/2024)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Sports and Gambling Regulation
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/A846 | 01/11/2023 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A00846&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A00846 | 01/11/2023 |
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