Removes tax exemption for not-for-profit corporations convicted of criminal facilitation by their officers, members, or employees.

This bill amends the tax law and the real property tax law to remove the tax-exempt status of not-for-profit corporations if any officer, member, or employee is convicted of criminal facilitation. The change applies to organizations that were previously exempt from taxes. The bill also specifies that real property owned by such corporations will lose its tax exemption under the same conditions. The act takes effect immediately upon enactment.

Removes tax exemption for not-for-profit corporations convicted of criminal facilitation by their officers, members, or employees.

This bill amends the tax law and the real property tax law to remove the tax-exempt status of not-for-profit corporations if any officer, member, or employee is convicted of criminal facilitation. The change applies to organizations that were previously exempt from taxes. The bill also specifies that real property owned by such corporations will lose its tax exemption under the same conditions. The act takes effect immediately upon enactment.