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State Land Use Enacted Legislation
| Bill # | State | Year | Party | Topic |
|---|---|---|---|---|
AB 8091 |
NY | 2020 | D | Commercial land, Tax Incentives |
Provided by Furman
Summary
- Establishes a requirement for owners receiving tax exemptions from municipalities for conversions of non-residential property to mixed use, to submit an annual certification to the assessor of the municipality or county.
- Outlines minimum information to be included in the certification, including types of residential use and types of commercial use, and total square footage of each use.
- Outlines situations when the benefits of tax exemptions will be revoked from owners, including if the assessor finds false information in the annual certification, and provides that the municipality can impose a financial penalty on the owner.
Provided by lawmakers
Bill Title
Relates to the residential-commercial urban exemption program; requires the owner to submit an annual certification to the assessor attesting that the property complies with the requirements of this section.