Relates to the clergy property tax exemption

Added authority for county and local governing boards to adopt local laws granting the clergy property tax exemption to cooperative apartment corporations.

Removed the previous restriction that prevented cooperatives in cities with populations under one million from qualifying for the exemption.

Required a public hearing before any local law, ordinance, or resolution can be adopted to grant the cooperative exemption.

Clarified that the tax reduction from the exemption applies solely to the specific tenant-stockholder who qualifies for it.

Added new language defining how the exemption interacts with other tax benefits, specifically allowing concurrent benefits under certain local laws.

Added a new subdivision requiring that real property owned by a cooperative apartment corporation located outside a city with a population of one million or more must receive local approval via a public hearing and local law or resolution to qualify for the clergy tax exemption.

Added a new subdivision specifying that for cooperatives, the portion of the assessment subject to exemption is determined by the ratio of shares held by eligible tenant-stockholders to the total outstanding shares.

Modified the clergy tax exemption section to include two new subdivisions (4 and 5) regarding cooperative apartment corporations, replacing the previous text that ended after subdivision 3.