New York A05308 prohibits tax exemptions for owners of vacant or unoccupied storefront properties.

New York A05308 amends the real property tax law to prohibit tax exemptions for owners of vacant or unoccupied storefront properties. A commercial storefront property is defined as a non-residential property on the ground floor or street level of a commercial building, primarily used for buying, selling, or providing goods or services. A property is considered vacant if it has minimal or no inanimate objects and unoccupied if it lacks the habitual presence of individuals engaged in business activities.

New York A05308 prohibits tax exemptions for owners of vacant or unoccupied storefront properties.

New York A05308 amends the real property tax law to prohibit tax exemptions for owners of vacant or unoccupied storefront properties. A commercial storefront property is defined as a non-residential property on the ground floor or street level of a commercial building, primarily used for buying, selling, or providing goods or services. A property is considered vacant if it has minimal or no inanimate objects and unoccupied if it lacks the habitual presence of individuals engaged in business activities.