New York S02653 requires the state to pay taxes on the assessed value of properties of closed state prisons until they are reopened, used by another.
New York S02653 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 conveyed to a non-governmental entity. If the land is conveyed to a not-for-profit non-governmental entity, that entity must enter into a payment in lieu of taxes with the respective local municipality. This act takes effect on the first of April next succeeding the date it becomes law.
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