New York S 5549: Prohibits exemptions for owners of vacant or unoccupied storefront properties

Bill Text

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S05549 Summary:

BILL NOS05549 

&nbsp

SAME ASSAME AS A05308

&nbsp

SPONSORCLEARE

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §498, RPT L

&nbsp

Relates to prohibiting exemptions for owners of vacant or unoccupied storefront properties.

Go to top S05549 Actions:

BILL NOS05549 

&nbsp

02/24/2025REFERRED TO LOCAL GOVERNMENT

01/07/2026REFERRED TO LOCAL GOVERNMENT

Go to topS05549 Committee&nbspVotes:

Go to topS05549 Floor&nbspVotes:

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

Go to topS05549 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5549

 2025-2026 Regular Sessions

 IN SENATE

 February 24, 2025
 ___________

 Introduced by Sen. CLEARE -- 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 prohibiting
 exemptions for owners of vacant or unoccupied storefront properties

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

 1 Section 1. The real property tax law is amended by adding a new
 2 section 498 to read as follows:
 3 § 498. Prohibition on eligibility of exemptions for owners of vacant
 4 or unoccupied storefront properties. 1. Notwithstanding any other
 5 provision of law, any owner of a commercial storefront property shall
 6 not be eligible for an exemption under this chapter on such property if
 7 the property has been vacant or unoccupied for at least two years.
 8 2. For purposes of this section:
 9 (a) "commercial storefront property" shall mean any non-residential
 10 property that may be used primarily for the buying, selling or otherwise
 11 providing of goods or services, which is located on the ground floor or
 12 street level of a commercial building;
 13 (b) "vacant" shall mean minimal or no inanimate objects on such prop-
 14 erty; and
 15 (c) "unoccupied" shall mean a lack of habitual presence of individuals
 16 primarily engaged in buying, selling or otherwise providing goods or
 17 services.
 18 § 2. This act shall take effect immediately and shall apply to assess-
 19 ment rolls prepared on the basis of taxable status dates occurring on or
 20 after such date.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08493-01-5

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