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New York Environmental Conservation Law Section 9-0503 - Certificate Of Purchase; Exemption From Taxation.Legal Research Home > New York Lawyer > Environmental Conservation > New York Environmental Conservation Law Section 9-0503 - Certificate Of Purchase; Exemption From Taxation.
§ 9-0503. Certificate of purchase; exemption from taxation.
Immediately upon acquiring by gift, purchase or appropriation lands
for a reforestation area the commissioner shall transmit to the state
agency authorized by law to approve assessments of state lands and to
the Department of Audit and Control, respectively, a certificate which
shall set forth, with respect to each parcel of such lands so acquired,
a description thereof, the area in acres, from whom acquired, whether
acquired by gift, purchase or appropriation, the price paid for such
parcel in the case of a purchase (except as hereinafter provided), the
date of the recording of the deed, if acquired by deed, the effective
date of the devise, if acquired by devise, and the assessed valuation of
such parcels as shown by the assessment rolls of the town in which such
parcel is located two years prior to the gift, if acquired by gift and
separately assessed. If such a purchase shall include more than one
parcel of such lands and it is impossible for the commissioner to
determine the price paid for such parcel included in such purchase, he
shall specify in such certificate the price paid for the entire tract
purchased. Such lands shall be exempt from taxation only as provided in
the Real Property Tax Law.
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Last modified: August 24, 2006 |