[Adopted 6-27-2018 by L.L. No. 6-2018]
The Village of New Paltz, having previously established a Charitable
Gifts Reserve Fund to receive unrestricted charitable monetary contributions
pursuant to General Municipal Law § 6-u, intends to permit
donors to the Charitable Gifts Reserve Fund to receive a credit for
Village taxes levied against their real property.
This article is adopted pursuant to Real Property Tax Law § 980-a,
which authorizes municipal corporations to adopt a real property tax
credit if it has established a Charitable Gifts Reserve Fund.
A.
Having previously established a Charitable Gifts Reserve Fund, the
Board of Trustees of the Village of New Paltz, County of Ulster, hereby
establishes a Charitable Gifts Reserve Fund tax credit for the Village
of New Paltz.
B.
Any owner of real property located within the Village who makes an
unrestricted charitable monetary contribution to the Village's Charitable
Gifts Reserve Fund shall be issued a written acknowledgement of such
contribution and may claim a credit against their Village real property
tax equal to 95% of the Charitable Gifts Reserve Fund donation.
If a court determines that any clause, sentence, paragraph,
subdivision, or part of this article or the application thereof to
any person, firm or corporation, or circumstance is invalid or unconstitutional,
the court's order or judgment shall not affect, impair, or invalidate
the remainder of this article, but shall be confined in its operation
to the clause, sentence, paragraph, subdivision, or part of this article
or in its application to the person, individual, firm or corporation,
or circumstance, directly involved in the controversy in which such
judgment or order shall be rendered.
