New York S03115 allows cities and towns to exempt privately-owned, public use airports from real property taxes.

New York S03115 amends the real property tax law to allow cities and towns to pass a local law or resolution, subject to permissive referendum, to exempt privately-owned, public use airports from real property taxes. The percentage of the exemption is specified in the law or resolution. The exemption applies to improvements used for takeoff, landing, taxiing, and open air parking of aircraft, air navigation or communications facilities, and passenger terminals available to the public without charge.

New York S03115 allows cities and towns to exempt privately-owned, public use airports from real property taxes.

New York S03115 amends the real property tax law to allow cities and towns to pass a local law or resolution, subject to permissive referendum, to exempt privately-owned, public use airports from real property taxes. The percentage of the exemption is specified in the law or resolution. The exemption applies to improvements used for takeoff, landing, taxiing, and open air parking of aircraft, air navigation or communications facilities, and passenger terminals available to the public without charge.