Wednesday, February 25, 2009

New Bills Introduced in NYS

NY Property Tax Exemption and Appropriation for Nonprofits
AB 2236 would amend the real property tax law to provide a property tax exemption to nonprofits, and allow owners of exempt property to apply for state financial aid in an amount equal to the sum of the property tax that the owner would have paid had the property not been exempt.

NY Required Posting on Charitable Solicitation Containers
AB 2678 would amend existing law regarding charitable contributions to require charities that solicit donations through unattended containers to post the percentage of the funds that will actually be used for the stated charitable purpose.

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