A6218-2011 Actions

• Apr 18, 2012: held for consideration in real property taxation
• Jan 4, 2012: referred to real property taxation
• Mar 9, 2011: referred to real property taxation

A6218-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         6218
 2011-2012 Regular Sessions
 I N  ASSEMBLY
 March 9, 2011
 
 Introduced  by M. of A. GOODELL -- read once and referred to the Commit
 tee on Real Property Taxation
 

AN ACT to amend the real property tax law, in relation to the  lease  or
 conveyance  of  oil and gas rights in lands and grounds for increasing
 assessments
 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM
 BLY, DO ENACT AS FOLLOWS:

 

Section  1. Subdivision 2 of section 596 of the real property tax law,
 as added by chapter 846 of the laws of  1981,  is  amended  to  read  as
 follows:

 2.  Prior  to  production,  a lease or other conveyance of oil and gas
 rights in land which is otherwise entitled to an  exemption  from  taxa
 tion,  in  whole  or in part, shall not be considered dispositive by the
 assessor in determining whether that land is  used  exclusively  for  an
 exempt  purpose. A LEASE OR OTHER CONVEYANCE OF OIL AND GAS RIGHTS SHALL
 NOT, WITHOUT OTHER EVIDENCE OF VALUE, SUCH AS ACTUAL LAND  SALE  PRICES,
 CONSTITUTE GROUNDS TO INCREASE AN ASSESSMENT.
 

S 2. This act shall take effect immediately.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02686-01-1

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