Subjects possessory interests of private individuals or corporations using federal or state-owned real property for business to taxation.

This bill amends the real property tax law to subject the possessory interest of private individuals or corporations using real property owned by the United States or the state of New York, excluding public authorities, to taxation for business purposes. It excludes properties where the use is for a concession available to the general public, such as parks. The bill requires local governments to adopt a local law, ordinance, or resolution to tax these possessory interests.

Subjects possessory interests of private individuals or corporations using federal or state-owned real property for business to taxation.

This bill amends the real property tax law to subject the possessory interest of private individuals or corporations using real property owned by the United States or the state of New York, excluding public authorities, to taxation for business purposes. It excludes properties where the use is for a concession available to the general public, such as parks. The bill requires local governments to adopt a local law, ordinance, or resolution to tax these possessory interests.