§ 474 — Dental societies

New York § 474

• Jurisdiction: New York
• Law RPT: Real Property Tax
• Title 2: Private Property
• Art. 4: Exemptions

Text

§ 474. Dental societies. Real property from which no income is\nderived situated within a city having a population of one hundred\nseventy-five thousand or more according to the latest federal census and\nowned by a dental society of any judicial district, which judicial\ndistrict is wholly or partly within such city shall be exempt from\ntaxation, provided such property is used exclusively for the purposes of\nsuch a dental society, and further provided that such exemption of real\nproperty for any society in the first, second, tenth or eleventh\njudicial districts shall not exceed one hundred thousand dollars, and in\nany other judicial district affected thereby shall not exceed fifty\nthousand dollars; and provided further that such property shall be\ntaxable by any municipal corporation within which it is located if the\ngoverning board of such municipal corporation, after public hearing,\nadopts a local law, ordinance or resolution so providing. Any such\nlocal law, ordinance or resolution may be amended or repealed. The\nprovisions of subdivision six of section four hundred twenty-b of this\narticle shall apply to any such real property. As used in this section\ndental society shall mean exclusively any dental society which was\nincorporated under the provisions of chapter one hundred fifty-two of\nthe laws of eighteen hundred sixty-eight and was continued by the\neducation law, and by chapters two hundred ninety-four of the laws of\nnineteen hundred six, six hundred seventeen of the laws of nineteen\nhundred forty-four, and six hundred ninety-two of the laws of nineteen\nhundred sixty-two.\n