New York S05603 amends real property tax law to authorize state assistance for municipalities with exempt privately owned forest lands, expand.
New York S05603 amends the real property tax law to authorize state assistance for municipalities containing exempt privately owned forest lands. It expands the categories of lands eligible for certain property tax exemptions as forest lands. The bill also authorizes tax exemptions for certain conservation easement tracts. Additionally, it provides for violations of certain provisions relating to filing for tax exemptions of forest lands, including penalties for non-compliance.
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