New York A 2375: Relates to the definition of special franchise property

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A02375 Summary:

BILL NOA02375 

&nbsp

SAME ASSAME AS S03175

&nbsp

SPONSORRa

&nbsp

COSPNSRMikulin, Durso, Brown E, McDonough, Giglio, Norber

&nbsp

MLTSPNSR

&nbsp

Amd §102, RPT L

&nbsp

Exempts water system property owned by a private water-works corporation located in counties with a population of one million or more that are special assessing units from being included as special franchise property.

Go to top A02375 Actions:

BILL NOA02375 

&nbsp

01/16/2025referred to real property taxation

01/07/2026referred to real property taxation

Go to topA02375 Committee&nbspVotes:

Go to topA02375 Floor&nbspVotes:

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

Go to topA02375 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2375

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 16, 2025
 ___________

 Introduced by M. of A. RA, MIKULIN, DURSO, E. BROWN, McDONOUGH -- read
 once and referred to the Committee on Real Property Taxation

 AN ACT to amend the real property tax law, in relation to the definition
 of special franchise property

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

 1 Section 1. Subdivision 17 of section 102 of the real property tax law,
 2 as amended by chapter 569 of the laws of 1996, is amended to read as
 3 follows:
 4 17. "Special franchise" means the franchise, right, authority or
 5 permission to construct, maintain or operate in, under, above, upon or
 6 through any public street, highway, water or other public place mains,
 7 pipes, tanks, conduits, wires or transformers, with their appurtenances,
 8 for conducting water, steam, light, power, electricity, gas or other
 9 substance. For purposes of assessment and taxation a special franchise
 10 shall include the value of the tangible property situated in, under,
 11 above, upon or through any public street, highway, water or other public
 12 place in connection therewith. The term special franchise shall not
 13 include central office equipment or station equipment (except public
 14 telephone terminal equipment) which first appears on assessment rolls
 15 prepared on the basis of taxable status dates occurring on or after
 16 October first, nineteen hundred ninety-five and which is owned by a
 17 telephone company as defined in paragraph (d) of subdivision twelve of
 18 this section, or owned by a telephone corporation as defined in subdivi-
 19 sion seventeen of section two of the public service law and certified by
 20 the public service commission under section ninety-nine of such law, nor
 21 shall it include property of a municipal corporation, public benefit
 22 corporation or special district, nor shall it include a crossing less
 23 than two hundred fifty feet in length of a public street, highway, water
 24 or other public place outside a city or village, unless such crossing be
 25 the continuation of an occupancy of another public street, highway,

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04780-01-5

 A. 2375 2

 1 water or other public place. The term "special franchise" shall also
 2 not include any water system property owned by a private water-works
 3 corporation, as such terms are defined in section two of the public
 4 service law, located in counties with a population of one million or
 5 more that are special assessing units.
 6 § 2. For purposes of this act, any tax relief realized by a private
 7 water-works corporation shall be used to reduce current water rates and
 8 offset future water rate increases.
 9 § 3. This act shall take effect immediately.

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