S 1735: Relates to exemptions granted for alterations or rehabilitation.
The bill aims to amend the Real Property Tax Law to grant exemptions for alterations or rehabilitation of historic properties. To qualify for the exemption, the property must be designated as a landmark or contribute to an historic district, and the alterations or rehabilitation must meet guidelines and review standards in the local preservation law. The property owners must obtain approval from the local preservation commission before starting the work. The bill also allows counties, cities, towns, or villages to reduce the percentage exempt from taxation, limit eligibility for the exemption to certain alterations or rehabilitations, or exempt rehabilitations and alterations outside of the local preservation commission's jurisdiction, as long as the commission-approved alterations or rehabilitations are included in the project.
| Jan. 07, 2026 | REFERRED TO LOCAL GOVERNMENT |
| Jan. 13, 2025 | REFERRED TO LOCAL GOVERNMENT |
STATE OF NEW YORK ________________________________________________________________________ 1735 2025-2026 Regular Sessions IN SENATE January 13, 2025 ___________ Introduced by Sen. FAHY -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to exemptions granted for alterations or rehabilitation The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (b) of subdivision 2 of section 444-a of the real 2 property tax law, as added by chapter 183 of the laws of 1997, is 3 amended to read as follows: 4 (b) No such exemption shall be granted for such alterations or reha- 5 bilitation unless: 6 (i) Such property has been designated as a landmark, or is a property 7 that contributes to the character of an historic district, created by a 8 local law passed pursuant to section ninety-six-a or one hundred nine- 9 teen-dd of the general municipal law; 10 (ii) [Alterations or rehabilitation must be made for means of historic11preservation;12(iii) Such alterations or rehabilitation of historic property meet13guidelines and review standards in the local preservation law;14(iv) Such alterations or rehabilitation of historic property are15approved by the local preservation commission prior to commencement of16work;17(v)] Alterations or rehabilitation are commenced subsequent to the 18 effective date of the local law or resolution adopted pursuant to this 19 section[.]; 20 (iii) Any alterations or rehabilitation of historic property under the 21 jurisdiction of the local preservation commission as part of this 22 project are approved by that commission prior to the commencement of 23 work; and 24 (iv) A county, city, town or village by local law or school district 25 by resolution may: EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04813-01-5S. 1735 2 1 A. reduce the percentage exempt from taxation; 2 B. limit eligibility for exemption to certain alterations or rehabili- 3 tations; or 4 C. allow for the exemption to apply to rehabilitations and alterations 5 which are outside of the jurisdiction of the local preservation commis- 6 sion so long as any alterations or rehabilitations subject to a commis- 7 sion's jurisdiction is approved by such commission. 8 § 2. This act shall take effect immediately.