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.

New York A05778 amends the tax law to exempt certain not-for-profit corporations from the real estate transfer tax if the conveyance is to a food relief organization. These organizations provide food for free to persons experiencing food insecurity, including food pantries, food banks, or soup kitchens. The bill allows towns to provide this exemption by local law. The changes take effect immediately but will be repealed if the section they amend is repealed.

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.

New York A05778 amends the tax law to exempt certain not-for-profit corporations from the real estate transfer tax if the conveyance is to a food relief organization. These organizations provide food for free to persons experiencing food insecurity, including food pantries, food banks, or soup kitchens. The bill allows towns to provide this exemption by local law. The changes take effect immediately but will be repealed if the section they amend is repealed.