New York A10756 provides a real property tax exemption for licensed child day care facilities.

New York A10756 amends the real property tax law to grant a full exemption from real property taxes for facilities operated as licensed child day care. This exemption applies to properties owned by corporations or individuals. Local legislative bodies, including county, city, town, village, and school district governing boards, have the authority to adopt local laws to implement this exemption following a public hearing. Additionally, these bodies can reduce the maximum exemption allowable. The exemption ceases if the property is no longer used for child day care purposes.

New York A10756 provides a real property tax exemption for licensed child day care facilities.

New York A10756 amends the real property tax law to grant a full exemption from real property taxes for facilities operated as licensed child day care. This exemption applies to properties owned by corporations or individuals. Local legislative bodies, including county, city, town, village, and school district governing boards, have the authority to adopt local laws to implement this exemption following a public hearing. Additionally, these bodies can reduce the maximum exemption allowable. The exemption ceases if the property is no longer used for child day care purposes.