Bill > A05778

This bill amends the tax law to allow towns to provide a real estate transfer tax exemption for conveyances (property transfers) to food relief organizations. A food relief organization is defined as a religious organization or a tax-exempt, not-for-profit corporation that provides free food to people experiencing food insecurity, such as food pantries, food banks, or soup kitchens. The bill gives towns the local authority to create a tax exemption for property transfers to these types of organizations, which aims to support charitable entities working to address hunger and food access in their communities. The exemption is optional for towns, meaning each local government can decide whether to implement this tax break. The bill would take effect immediately upon passage, with a technical provision ensuring that the amendment does not impact any future repeal of the referenced tax law section.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A5778