Bill

Bill > A04704


NY A04704

NY A04704
Grants a $100,000 real property tax exemption to conservation clubs and rod and gun clubs owning land acquired prior to January 1, 2025, having an assessed value of $500,000 or less.


summary

Introduced
02/04/2025
In Committee
02/04/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the real property tax law, in relation to granting a tax exemption to certain land owned by a conservation club or a rod and gun club

AI Summary

This bill provides a $100,000 real property tax exemption for conservation clubs and rod and gun clubs under specific conditions. To qualify, the club must own land that was acquired before January 1, 2025, and have an assessed property value of $500,000 or less. The tax exemption can only be granted if the club submits an application to the local assessor (in a county, city, town, or village) on an approved form by the taxable status date. Importantly, the exemption applies to clubs regardless of their membership size, meaning both small and large organizations can benefit from this tax relief. The bill aims to support conservation and sporting clubs by reducing their property tax burden, potentially helping these organizations maintain their land and continue their community activities. The tax exemption will take effect immediately and apply to properties with a taxable status date on or after the bill's enactment.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

referred to real property taxation (on 02/04/2025)

bill text


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