New York A03252 requires the state to pay taxes on the assessed value of closed state prison properties until they are reopened, used by another.

New York A03252 amends the real property tax law to require the state to pay taxes on the assessed value of properties of closed state prisons. This requirement continues until the prison is reopened, used by another state agency, or the land is conveyed to a non-governmental entity. If the property is sold to a not-for-profit non-governmental entity, that entity must enter into a payment in lieu of taxes with the local municipality. This act takes effect on April 1 following its enactment.

New York A03252 requires the state to pay taxes on the assessed value of closed state prison properties until they are reopened, used by another.

New York A03252 amends the real property tax law to require the state to pay taxes on the assessed value of properties of closed state prisons. This requirement continues until the prison is reopened, used by another state agency, or the land is conveyed to a non-governmental entity. If the property is sold to a not-for-profit non-governmental entity, that entity must enter into a payment in lieu of taxes with the local municipality. This act takes effect on April 1 following its enactment.