New York A07943 amends the real property tax law to provide a tax exemption for properties owned by single-member limited liability companies if the.
New York A07943 amends the real property tax law by adding a new exemption for properties owned by single-member limited liability companies. If the legal title to a dwelling is held by such a company and the property serves as the primary residence of the company member, the property will be exempt from real property taxes. This change takes effect immediately upon enactment.
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