New York S 1131: Relates to metropolitan commuter transportation district registration fee exemptions for farm vehicles

Bill Text

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 Speaker Carl E. Heastie

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S01131 Summary:

BILL NOS01131B

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SAME ASSAME AS A03339-B

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SPONSORMAY

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COSPNSR

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MLTSPNSR

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Authorizes municipalities to develop and implement a plan for local land value taxation based on classes of land; allows real estate to be classified as land or land exclusive of buildings and buildings on land.

Go to top S01131 Actions:

BILL NOS01131B

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01/08/2025REFERRED TO LOCAL GOVERNMENT

03/28/2025AMEND AND RECOMMIT TO LOCAL GOVERNMENT

03/28/2025PRINT NUMBER 1131A

01/07/2026REFERRED TO LOCAL GOVERNMENT

01/27/2026AMEND (T) AND RECOMMIT TO LOCAL GOVERNMENT

01/27/2026PRINT NUMBER 1131B

Go to topS01131 Committee&nbspVotes:

Go to topS01131 Floor&nbspVotes:

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

Go to topS01131 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1131--B

 2025-2026 Regular Sessions

 IN SENATE

 January 8, 2025
 ___________

 Introduced by Sen. MAY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Local Government --
 committee discharged, bill amended, ordered reprinted as amended and
 recommitted to said committee -- recommitted to the Committee on Local
 Government in accordance with Senate Rule 6, sec. 8 -- committee
 discharged, bill amended, ordered reprinted as amended and recommitted
 to said committee

 AN ACT authorizing municipalities to develop and implement a plan for
 local land value taxation

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

 1 Section 1. 1. A city, village, or town, provided that the governing
 2 body of such city, village, or town, after a public hearing, adopts a
 3 local law, ordinance or resolution providing therefor, or in the case of
 4 a city with a population of one million or more, the local legislative
 5 body, after public hearings, adopts a resolution or enacts a local law
 6 providing therefor may develop and implement a plan for land value taxa-
 7 tion that (a) classifies real estate included in such municipality's
 8 assessment roll as (i) land or land exclusive of buildings, or (ii)
 9 buildings on land; and (b) establishes a different local property tax
 10 rate for each such class, provided the higher local property tax rate
 11 shall apply to land or land exclusive of buildings.
 12 2. A local law adopted pursuant to subdivision one of this section may
 13 apply land value taxation to all taxable property or only within one or
 14 more existing property tax classes, homestead or non-homestead classes,
 15 or other categories of property authorized under state law, and may
 16 establish separate uniform rates for land and improvements within each
 17 such class or category.
 18 3. Any land value taxation plan adopted pursuant to this act shall be
 19 implemented in a manner that maintains revenue neutrality for each
 20 municipal corporation on whose behalf taxes are levied, such that the

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03468-09-6

 S. 1131--B 2

 1 total levy for each levying body remains unchanged as otherwise deter-
 2 mined under applicable law.
 3 4. A local law adopted pursuant to subdivision one of this section may
 4 designate a specific neighborhood or area within such city, village, or
 5 town that has adopted such local law that would be subject to such a
 6 plan for land value taxation. All exemptions shall be calculated in the
 7 same manner and amount as under a non-land-value taxation plan, and the
 8 resulting exempt value may be applied first to improvements and, if any
 9 amount remains, then to land.
 10 § 2. This act shall take effect immediately.

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