Amends the real property tax exemption for surviving spouses of volunteer firefighters or volunteer ambulance workers killed in the line of duty to permit continuation of such exemption for volunteer members with service between two and five years.
Provides a tax exemption on real property owned by active auxiliary police officers in local law enforcement agencies in certain counties having a population of more than three hundred thirty-eight thousand and less than three hundred forty thousand, determined in accordance with the latest federal decennial census.
This bill changes how New York property taxes are calculated for solar and wind energy systems. It requires tax assessors to use a new discounted cash flow method that accounts for regional costs and includes specific expenses like community benefit payments, decommissioning costs, and subscriber management fees. Federal tax credits and renewable energy credits (like clean energy certificates) are no longer counted as income when valuing these systems. The law directly affects property owners with solar/wind systems, local assessors, and communities receiving benefit payments. It aims to create fairer tax assessments by reflecting actual system costs and revenue streams.
Authorizes New Hour for Women and Children LI, Inc. to receive a real property tax exemption for the 2022-2023, 2023-2024 and 2024-2025 assessment rolls.
This bill authorizes the town of Montgomery to impose a 5% tax on hotel and motel room rentals for temporary stays (excluding permanent residents staying 90+ days and exempt entities like government bodies or qualifying nonprofits). Hotels would collect the tax from guests and remit it to Montgomery, with revenues deposited into the town’s general fund for any lawful use. The tax expires automatically two years after enactment, as specified in Section 2 of the bill. It directly affects short-term visitors and hotel operators within Montgomery.
Authorizes the town of Chester to establish community preservation funds; establishes a real estate transfer tax with revenues therefrom to be deposited in said community preservation fund.
Provides for a partial exemption from taxation of certain residential real property transferred by a governmental entity, nonprofit housing organization, land bank or community land trust to low-income households; sets forth conditions for the discontinuance of such exemption.
This bill expands the residential redevelopment inhibited property exemption to all cities, towns, and villages in the state, removing a current restriction that limited it to one specific city. It allows any municipality to adopt local laws designating properties as "redevelopment inhibited" if they are neglected, abandoned, or have conditions (like long vacancy or zoning violations) preventing private redevelopment. Property owners in designated areas can then receive an exemption from taxes on the increased value of their property after redevelopment, provided they own a one- to four-unit residence, maintain owner-occupancy, and file annual residency affidavits. The exemption covers only the incremental tax increase from redevelopment, not the base property value, and requires compliance with building and zoning codes.
This bill extends tax exemptions for mutual redevelopment companies in cities with over one million residents. It allows local governments to grant an additional 50-year tax exemption period after the initial maximum period ends, provided the company pays at least 5% of annual rent (minus utilities) for residential units or the taxes paid in 2001 - whichever is lower. The exemption applies specifically to residential portions of redevelopment projects. This change directly affects mutual redevelopment companies operating in large cities like New York City, altering their long-term tax obligations.
Establishes the mechanical insulation energy savings program to provide grants for qualified mechanical insulation expenditures to school districts, public hospitals, public housing buildings, and political subdivisions that have completed a qualified audit.
