A 2002: Provides an optional tax exemption for property operating as a child day care that localities can opt into through local law.

  
  STATE OF NEW YORK ________________________________________________________________________ 2002 2025-2026 Regular Sessions  IN ASSEMBLY January 14, 2025 ___________ Introduced by M. of A. SLATER, BENDETT, BRABENEC, K. BROWN, MAHER, JENSEN, LEMONDES, ANGELINO, TAGUE, McDONOUGH, DeSTEFANO, GANDOLFO, WALSH, PALMESANO, BROOK-KRASNY, MILLER -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to providing a real property tax exemption for property operated as a child day care The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The real property tax law is amended by adding a new 2 section 439 to read as follows: 3 § 439. Exemption for child day cares. 1. Notwithstanding any other 4 provision of law, real property owned by a corporation or individual for 5 the purpose of operating a licensed child day care, as defined by 6 section three hundred ninety of the social services law, shall be exempt 7 from taxation to the extent of fifty per centum of the assessed valu- 8 ation thereof. 9 2. The local legislative body of a county, city, town, village, or the 10 governing board in the case of a school district, may: 11 (a) after a public hearing, adopt a local law to grant the exemption 12 authorized pursuant to this section; and 13 (b) adopt a local law to reduce the maximum exemption allowable. 14 3. If, during the term of an exemption granted pursuant to this 15 section, a child day care ceases to be used for eligible purposes, such 16 exemption shall cease. 17 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05035-01-5