Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 21, 2015 |
approval memo.22 signed chap.564 |
Dec 09, 2015 |
delivered to governor |
Jun 09, 2015 |
returned to assembly passed senate substituted for s3539 |
Jun 01, 2015 |
referred to local government delivered to senate passed assembly |
May 29, 2015 |
advanced to third reading cal.461 |
May 27, 2015 |
reported |
Apr 28, 2015 |
reported referred to ways and means |
Jan 12, 2015 |
referred to real property taxation |
Assembly Bill A1421
Signed By Governor2015-2016 Legislative Session
Sponsored By
MAGNARELLI
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
Barbara Lifton
Kenneth Zebrowski
Aileen Gunther
Steven Otis
multi-Sponsors
Peter Abbate
Michael Blake
Vivian Cook
Marcos Crespo
2015-A1421 (ACTIVE) - Details
2015-A1421 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1421 2015-2016 Regular Sessions I N A S S E M B L Y January 12, 2015 ___________ Introduced by M. of A. MAGNARELLI, LIFTON, ZEBROWSKI, GUNTHER, OTIS -- Multi-Sponsored by -- M. of A. ABBATE, COOK, CRESPO, GLICK, LUPARDO, MAGEE, MOSLEY, RIVERA, SIMANOWITZ, TITONE -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to a real proper- ty tax exemption for farm dwellings owned by a limited liability company THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (d) of subdivision 3 of section 425 of the real property tax law, as added by chapter 443 of the laws of 2003, is amended to read as follows: (d) Farm dwellings not owned by the resident. (i) If legal title to the farm dwelling is held by an S-corporation or by a C-corporation, the exemption shall be granted if the property serves as the primary resi- dence of a shareholder of such corporation. (ii) If the legal title to the farm dwelling is held by a partnership, the exemption shall be granted if the property serves as the primary residence of one or more of the partners. (iii) IF THE LEGAL TITLE TO THE FARM DWELLING IS HELD BY A LIMITED LIABILITY COMPANY, THE EXEMPTION SHALL BE GRANTED IF THE PROPERTY SERVES AS THE PRIMARY RESIDENCE OF ONE OR MORE OF THE OWNERS. (IV) Any information deemed necessary to establish shareholder [or], partner OR OWNER status for eligibility purposes shall be considered confidential and exempt from the freedom of information law. S 2. This act shall take effect January 1, 2016. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03487-01-5
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