senate Bill S1942
(R) 1st Senate District
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
Provides that where a person who meets the requirements for an enhanced exemption for property owned by senior citizens purchases real property after the levy of taxes, such person may file an application for exemption to the assessor within thirty days of the transfer of title to such person for such exemption.
TITLE OF BILL:
to amend the real property tax law, in relation to eligibility for the
enhanced school tax relief exemption for senior citizens for properties
purchased after the levy of taxes
PURPOSE OR GENERAL IDEA OF BILL:
This bill provides that where a
senior citizen purchases real property after the taxable status date,
such person shall be eligible for the enhanced STAR exemption.
SUMMARY OF SPECIFIC PROVISIONS:
§ 1- Amends subdivision 6 of § 425 of
the Real Property Tax Law by adding a new paragraph (g).
§ 2- Effective date.
Current law does not allow the retention of the STAR
exemption for those over 65 who move subsequent to the taxable status
Real property tax law 467 subdivision (9) presently
allows a senior citizen who moves after a municipal taxable status
date to retain their eligibility for the regular senior citizens
property tax exemption. This bill will correct a technical oversight
that occurred when the STAR program was enacted by making a similar
opportunity to transfer an existing exemption available to STAR
applicants who are over 65.
This bill will allow a senior citizen to move after a municipal
taxable status date and still be eligible for the enhanced senior
citizen exemption for that year. The property owner must file an
application for exemption within 30 days after receiving title to the
property. The assessor, no later than 30 days after receiving such
application. shall notify both the applicant and the Board of
Assessment review by first class mail of the exempt amount which is
then subject to the assessment review process. This process will
ensure that senior citizens do not lose an exemption for which they
are otherwise qualified.
1999-00: S 3246
None. There will be no new costs because the
exemption has already been allotted for in state funds and is merely
This act shall take effect immediately and shall apply
to real property transferred to qualified senior citizens after
taxable status dates occurring on or after such date.
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