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Assessor's Manual, Volume 4, ExemptionAdministration

Exemption Administration Manual - Part 1
New York State Government

Section 4.02 - RSS L Section 313(h)

State of New York (State and Local
Police and Fire Retirement System)

Exemption Code(s): 12250 Year Originally Enacted: 1966*

Related Statutes: Pub Lands L §19-a

SUMMARY: Real property in certain areas that is owned by the New York State and Local Police and Fire Retirement System and is used for certain purposes is wholly exempt from taxation but is liable for special ad valorem levies and special assessments.

  1. ELIGIBILITY REQUIREMENTS:
    1. Ownership Requirements: Property must be owned by the New York State and Local Police and Fire Retirement System. Total funds expended for the below-listed projects may not exceed 10% of the system's assets.
       
    2. Property Location Requirements: See Property Use Requirements below.
       
    3. Property Use Requirements: Land and improvements must have been acquired or constructed for the following purposes in the following geographic areas:
      1. City of Albany only: Suitable office building(s) for transacting business of the retirement system.
      2. Cities of Albany, Binghamton, Buffalo, New York, Rochester, Syracuse, and Utica:
        1. Suitable office building(s) for lease or sale to the state.
        2. Power plants necessary for the operation of office buildings located at the Washington Avenue Campus Site.
        3. Suitable parking facilities and associated structures for state employees and persons having business with state departments or agencies.
        4. Suitable buildings or facilities, constructed on sites approved by the State University trustees, for sale or lease to the State University Construction Fund and subsequently used by (a) the State University, (b) state-operated institutions, (c) statutory or contract colleges under the State University, or (d) students, faculty, staff, and families of the aforementioned institutions or colleges.
        5. Portions of buildings not used for retirement system business transactions which are leased to any public agency.
           
    4. Certification by State or Local Government:     None required.
       
    5. Required Construction Start Date or Other Time Requirement: None.
       
  2. LOCAL OPTION: No.
     
  3. LIMITATION ON EXEMPTION:
      General
    Municipal
    Taxes
    School
    District
    Taxes
    Special
    Ad Valorem
    Tax
    Special
    Assessments
    1. Amount No
    limit
    No
    limit
    No
    exemption
    allowed
    No
    exemption
    allowed
    2. Duration No
    limit
    No
    limit
    No
    exemption
    allowed
    No
    exemption
    allowed
    3. Taxing Jurisdiction a. County or County
    Special Districts
    Ex NA Tax Tax
    b. City Ex NA NA Tax
    c. Town or Town
    Special District
    Ex NA Tax Tax
    d. Village Ex NA NA Tax
    e. School District NA Ex NA NA
      Ex-Exempt      Tax-Taxable      NA-Not Applicable

     
  4. PAYMENTS IN LIEU OF TAXES: See Section 4.02, RPTL Section 404(1).
     
  5. CALCULATION OF EXEMPTION:
    1. General Municipal and School District Taxes: 100% of assessed value.
    2. Special Ad Valorem Levies and Special Assessments: No exemption allowed.
       
  6. CODING OF EXEMPTION ON ASSESSMENT ROLL:
    Code Description of Alternative Codes Possible
    12250

    Assessment Roll Section(s): Exempt (ARLM Section 8).

    NOTE: This code should not be used to identify property that is exempt under any of the statutes listed under Similar Exemptions below. For coding of such property, see the Exemption Profile for the statute that applies.

  7. FILING REQUIREMENTS (Owner or Occupant of Property): None.
     
  8. REPORTING REQUIREMENTS (Assessor): None.
     
  9. SIMILAR EXEMPTIONS:
    Subject Statute
    Retirement systems RPTL §488 & Ins L §4607
    State and Local Employees'
    Retirement System, NY
    RPTL §404(2)
    Teachers' Retirement System, NYS RPTL §404(3)
    State of New York (generally) RPTL §404(1)

*1987 - Name changed from New York State Policemen's and Firemen's Retirement System to New York State and Local Police and Fire Retirement System.

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