Bill > S01735

This bill amends the real property tax law to modify exemptions for alterations or rehabilitations of historic properties. The changes clarify and expand the conditions under which local governments can grant tax exemptions for historic property improvements. Specifically, the bill requires that the property be designated as a landmark or contribute to a historic district, and ensures that any alterations within a local preservation commission's jurisdiction are approved by that commission before work begins. The bill also gives counties, cities, towns, villages, and school districts more flexibility in implementing these exemptions, allowing them to: reduce the percentage of tax exemption, limit eligibility for certain types of alterations, and potentially apply exemptions to rehabilitations outside of a preservation commission's direct jurisdiction, as long as any work within the commission's jurisdiction is pre-approved. These modifications aim to provide local governments with more nuanced tools for preserving and incentivizing improvements to historic properties while maintaining oversight of significant historical sites.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S1735