New York S 1735: Relates to exemptions granted for alterations or rehabilitation

Bill Text

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S01735 Summary:

BILL NOS01735 

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SAME ASNo Same As

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SPONSORFAHY

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COSPNSR

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MLTSPNSR

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Amd §444-a, RPT L

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Relates to exemptions granted for alterations or rehabilitation.

Go to top S01735 Actions:

BILL NOS01735 

&nbsp

01/13/2025REFERRED TO LOCAL GOVERNMENT

01/07/2026REFERRED TO LOCAL GOVERNMENT

Go to topS01735 Committee&nbspVotes:

Go to topS01735 Floor&nbspVotes:

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

Go to topS01735 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1735

 2025-2026 Regular Sessions

 IN SENATE

 January 13, 2025
 ___________

 Introduced by Sen. FAHY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Local Government

 AN ACT to amend the real property tax law, in relation to exemptions
 granted for alterations or rehabilitation

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

 1 Section 1. Paragraph (b) of subdivision 2 of section 444-a of the real
 2 property tax law, as added by chapter 183 of the laws of 1997, is
 3 amended to read as follows:
 4 (b) No such exemption shall be granted for such alterations or reha-
 5 bilitation unless:
 6 (i) Such property has been designated as a landmark, or is a property
 7 that contributes to the character of an historic district, created by a
 8 local law passed pursuant to section ninety-six-a or one hundred nine-
 9 teen-dd of the general municipal law;
 10 (ii) [Alterations or rehabilitation must be made for means of historic
 11 preservation;
 12 (iii) Such alterations or rehabilitation of historic property meet
 13 guidelines and review standards in the local preservation law;
 14 (iv) Such alterations or rehabilitation of historic property are
 15 approved by the local preservation commission prior to commencement of
 16 work;
 17 (v)] Alterations or rehabilitation are commenced subsequent to the
 18 effective date of the local law or resolution adopted pursuant to this
 19 section[.];
 20 (iii) Any alterations or rehabilitation of historic property under the
 21 jurisdiction of the local preservation commission as part of this
 22 project are approved by that commission prior to the commencement of
 23 work; and
 24 (iv) A county, city, town or village by local law or school district
 25 by resolution may:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04813-01-5

 S. 1735 2

 1 A. reduce the percentage exempt from taxation;
 2 B. limit eligibility for exemption to certain alterations or rehabili-
 3 tations; or
 4 C. allow for the exemption to apply to rehabilitations and alterations
 5 which are outside of the jurisdiction of the local preservation commis-
 6 sion so long as any alterations or rehabilitations subject to a commis-
 7 sion's jurisdiction is approved by such commission.
 8 § 2. This act shall take effect immediately.

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