S 389: Exempts certain not-for-profit corporations from the real estate transfer tax if such conveyance is to a food relief organization for the purpose of providing food for free to persons experiencing food insecurity.

  
  STATE OF NEW YORK ________________________________________________________________________ 389 2025-2026 Regular Sessions  IN SENATE (Prefiled) January 8, 2025 ___________ Introduced by Sen. PALUMBO -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to exempting certain not-for- profit corporations from the real estate transfer tax if such convey- ance is for the purpose of providing food for free to persons experi- encing food insecurity The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 1449-ee of the tax law is amended by adding a new 2 subdivision 6 to read as follows: 3 6. In addition to any other exemption provided by this section, a town 4 may, by local law, provide an exemption for conveyances to any food 5 relief organization. For the purposes of this subdivision, a "food 6 relief organization" shall mean a religious organization or any other 7 tax exempt corporation, incorporated pursuant to the not-for-profit 8 corporation law, that provides food for free to persons experiencing 9 food insecurity, including but not limited to a food pantry, food bank, 10 or soup kitchen. 11 § 2. This act shall take effect immediately; provided, however, that 12 the amendments to section 1449-ee of the tax law made by section one of 13 this act shall not affect the repeal of such section and shall be deemed 14 repealed therewith. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01608-01-5