New York S 957: Legalizes, validates, ratifies and confirms the actions of the Panama central school district regardless of the failure of such district to timely file final building cost reports

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S00957 Summary:

BILL NOS00957 

&nbsp

SAME ASSAME AS A01520

&nbsp

SPONSORKAVANAGH

&nbsp

COSPNSRBRISPORT, CLEARE, GONZALEZ, GOUNARDES, HOYLMAN-SIGAL, JACKSON, KRUEGER, RAMOS, RIVERA, SALAZAR

&nbsp

MLTSPNSR

&nbsp

Amd §429, add §429-a, RPT L

&nbsp

Discontinues the real property tax exemption for certain real property that is used for home games for certain professional sports teams in New York city beginning with the 2026 assessment roll.

Go to top S00957 Actions:

BILL NOS00957 

&nbsp

01/08/2025REFERRED TO LOCAL GOVERNMENT

01/07/2026REFERRED TO LOCAL GOVERNMENT

Go to topS00957 Committee&nbspVotes:

Go to topS00957 Floor&nbspVotes:

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

Go to topS00957 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 957

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sens. KAVANAGH, BRISPORT, CLEARE, GONZALEZ, GOUNARDES,
 HOYLMAN-SIGAL, JACKSON, KRUEGER, RAMOS, RIVERA, SALAZAR -- 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 discontinuing
 the real property tax exemption for certain real property used for
 professional major league sports

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

 1 Section 1. Legislative intent. The legislature hereby declares that
 2 any provision in a lease, agreement or any other written instrument
 3 requiring that any taxes or their equivalent, set forth in such instru-
 4 ment in the form of any charges of any kind whatsoever, imposed by any
 5 taxing authority, shall be made the obligation of any person, sole
 6 proprietorship, partnership, firm, corporation, limited liability compa-
 7 ny, association, franchise, team, or any other entity, other than the
 8 owner or owners of such property, shall be deemed void as against public
 9 policy.
 10 § 2. Section 429 of the real property tax law, as added by chapter 459
 11 of the laws of 1982, is amended to read as follows:
 12 § 429. Real property used for professional major league sports. Real
 13 property within a city having a population of one million or more, used
 14 by both a professional major league hockey team which is a member of the
 15 National Hockey League and a professional major league basketball team
 16 which is a member of the National Basketball Association to play their
 17 home games shall be exempt from taxation to the extent said taxes are
 18 the obligation by lease or otherwise of the owners of franchises for
 19 such teams, provided that such owners enter into a written agreement
 20 with the chief executive officer of the municipality in which such prop-
 21 erty is located to play their home games within such municipality for a

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02342-01-5

 S. 957 2

 1 period of at least ten consecutive years; provided however, that in no
 2 case shall the exemption granted by this section apply to any assessment
 3 roll issued after the two thousand twenty-five assessment roll. The tax
 4 exemption provided herein shall be granted to real property being used,
 5 in whole or in part, for the aforesaid purposes on the date such agree-
 6 ment is executed and shall apply to taxes which become due and payable
 7 after the aforestated agreement is executed and shall continue with
 8 respect to such property as long as both of said teams play their home
 9 games therein and no longer. Such exemption shall not apply with respect
 10 to any improvement to such property made after the date such agreement
 11 is executed which improvement is not used for the provision of facili-
 12 ties or services related to sports, entertainment, expositions,
 13 conventions or trade shows. If one or both of said teams shall cease to
 14 play their home games in said property at any time, the tax exemption
 15 provided herein shall cease immediately and such property shall imme-
 16 diately be restored to the tax rolls and thereupon become subject to
 17 taxation and shall be taxed pro rata for the unexpired portion of the
 18 taxable year.
 19 § 3.