Permits municipal entities to waive property and other taxes levied against the property of a municipal electric company.

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A5452-2011 Actions

• Aug 3, 2011: signed chap.275
• Jul 22, 2011: delivered to governor
• Jun 6, 2011: RETURNED TO ASSEMBLY
• Jun 6, 2011: PASSED SENATE
• Jun 6, 2011: 3RD READING CAL.876
• Jun 6, 2011: SUBSTITUTED FOR S5163A
• May 17, 2011: REFERRED TO LOCAL GOVERNMENT
• May 17, 2011: delivered to senate
• May 17, 2011: passed assembly
• May 12, 2011: advanced to third reading cal.326
• May 10, 2011: reported
• Apr 5, 2011: reported referred to ways and means
• Feb 18, 2011: referred to real property taxation

A5452-2011 Votes

A5452-2011 Text

                      S T A T E   O F   N E W   Y O R K
  ________________________________________________________________________

                                    5452

                         2011-2012 Regular Sessions

                            I N  ASSEMBLY

                              February 18, 2011
                                 ___________

  Introduced  by M. of A. RUSSELL -- read once and referred to the Commit-
    tee on Real Property Taxation

  AN ACT to amend the real property tax law,  in  relation  to  permitting
    municipal  entities  to  waive property and other taxes levied against
    the property of a municipal electric company

    THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
  BLY, DO ENACT AS FOLLOWS:


    Section  1.  Section  406  of  the real property tax law is amended by
  adding a new subdivision 8 to read as follows:

    8. REAL PROPERTY OWNED BY  A  MUNICIPAL  CORPORATION  NOT  WITHIN  ITS
  CORPORATE  LIMITS  WHILE  USED FOR A MUNICIPAL ELECTRICAL GENERATION AND
  DISTRIBUTION SYSTEM, INCLUDING NECESSARY CONNECTIONS AND  APPURTENANCES,
  SHALL BE WHOLLY OR PARTIALLY EXEMPT FROM TAXATION AND WHOLLY OR PARTIAL-
  LY EXEMPT FROM SPECIAL AD VALOREM LEVIES AND SPECIAL ASSESSMENTS, BY ANY
  MUNICIPAL  CORPORATION  IN  WHICH  LOCATED, PROVIDED THE GOVERNING BOARD
  THEREOF SHALL SO AGREE IN WRITING.
    S 2. This act shall take effect on the thirtieth day  after  it  shall
  have become a law.





   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD09338-01-1