New York A 3812: Amends the public library construction grant program in relation to the effectivness thereof

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A03812 Summary:

BILL NOA03812 

&nbsp

SAME ASSAME AS S05460

&nbsp

SPONSORWilliams

&nbsp

COSPNSRMcDonough, Novakhov

&nbsp

MLTSPNSR

&nbsp

Amd §581, RPT L; amd §339-y, RP L

&nbsp

Relates to the taxation of property owned by a cooperative corporation.

Go to top A03812 Actions:

BILL NOA03812 

&nbsp

01/30/2025referred to real property taxation

01/07/2026referred to real property taxation

Go to topA03812 Committee&nbspVotes:

Go to topA03812 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA03812 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3812

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 30, 2025
 ___________

 Introduced by M. of A. WILLIAMS -- read once and referred to the Commit-
 tee on Real Property Taxation

 AN ACT to amend the real property tax law and the real property law, in
 relation to the taxation of property owned by a cooperative corpo-
 ration

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision 1 of section 581 of the real property tax law
 2 is amended by adding a new paragraph (e) to read as follows:
 3 (e) The provisions of paragraph (a) of this subdivision shall not
 4 apply to real property owned or leased by a cooperative corporation or
 5 on a condominium basis in a municipal corporation, other than a special
 6 assessing unit, which has adopted, prior to the taxable status date of
 7 the assessment roll upon which its taxes will be levied, a local law or,
 8 for a school district, a resolution providing that the provisions of
 9 paragraph (a) of this subdivision shall not apply to such real property
 10 within that municipal corporation; provided, however, the provisions of
 11 this paragraph shall not apply to real property owned or leased by a
 12 cooperative corporation or on a condominium basis that had been previ-
 13 ously subject to the provisions of paragraph (a) of this subdivision
 14 prior to January first, two thousand twenty-seven; provided further,
 15 however, the provisions of this paragraph shall not apply to real prop-
 16 erty owned or leased by a cooperative corporation or on a condominium
 17 basis that is participating in an affordable housing tax credit program
 18 or has a regulatory agreement with a federal, state, or local agency
 19 related to affordable housing requirements.
 20 § 2. Subdivision 1 of section 339-y of the real property law is
 21 amended by adding a new paragraph (h) to read as follows:
 22 (h) The provisions of paragraph (b) of this subdivision shall not
 23 apply to real property owned or leased by a cooperative corporation or
 24 on a condominium basis in a municipal corporation other than a special

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06366-01-5

 A. 3812 2

 1 assessing unit, which has adopted, prior to the taxable status date of
 2 the assessment roll upon which its taxes will be levied, a local law or,
 3 for a school district, a resolution providing that the provisions of
 4 paragraph (b) of this subdivision shall not apply to such real property
 5 within that municipal corporation; provided, however, the provisions of
 6 this paragraph shall not apply to real property owned or leased by a
 7 cooperative corporation or on a condominium basis that had been previ-
 8 ously subject to the provisions of paragraph (b) of this subdivision
 9 prior to January first, two thousand twenty-seven; provided further,
 10 however, the provisions of this paragraph shall not apply to real prop-
 11 erty owned or leased by a cooperative corporation or on a condominium
 12 basis that is participating in an affordable housing tax credit program
 13 or has a regulatory agreement with a federal, state, or local agency
 14 related to affordable housing requirements.
 15 § 3. This act shall take effect immediately and shall apply to assess-
 16 ment rolls prepared on the basis of taxable status dates occurring on or
 17 after January 1, 2027.

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