Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 19, 2014 |
referred to real property taxation |
Assembly Bill A8838
2013-2014 Legislative Session
Sponsored By
PAULIN
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
Michael G. Miller
Sean Ryan
William Colton
Vivian Cook
multi-Sponsors
Peter Abbate
William A. Barclay
Karim Camara
John Ceretto
2013-A8838 (ACTIVE) - Details
- Current Committee:
- Assembly Real Property Taxation
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §458-b, RPT L
2013-A8838 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8838 I N A S S E M B L Y February 19, 2014 ___________ Introduced by M. of A. PAULIN, MILLER, RYAN, COLTON, COOK, GOTTFRIED, MARKEY, RIVERA, ROBINSON, TITONE, WEPRIN, CROUCH, McDONOUGH, GARBARI- NO, GRAF, PALUMBO, RAIA, STEC, TEDISCO -- Multi-Sponsored by -- M. of A. ABBATE, BARCLAY, CAMARA, CERETTO, CURRAN, DenDEKKER, HAWLEY, KEARNS, LUPARDO, MOSLEY, OAKS, PALMESANO, PERRY, SALADINO, THIELE -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to authorizing certain tax exemptions from school district real property for Cold War veterans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 2 of section 458-b of the real property tax law, as amended by chapter 235 of the laws of 2009, is amended to read as follows: (a) Each county, city, town [or], village OR SCHOOL DISTRICT may adopt a local law to provide that qualifying residential real property shall be exempt from taxation to the extent of either: (i) ten percent of the assessed value of such property; provided however, that such exemption shall not exceed eight thousand dollars or the product of eight thousand dollars multiplied by the latest state equalization rate of the assess- ing unit, or, in the case of a special assessing unit, the latest class ratio, whichever is less or; (ii) fifteen percent of the assessed value of such property; provided however, that such exemption shall not exceed twelve thousand dollars or the product of twelve thousand dollars multi- plied by the latest state equalization rate for the assessing unit, or, in the case of a special assessing unit, the latest class ratio, which- ever is less. S 2. Subparagraphs (i) and (iii) of paragraph (b) of subdivision 2 of section 458-b of the real property tax law, as amended by chapter 235 of the laws of 2009, are amended to read as follows: (i) The exemption from taxation provided by this subdivision shall be applicable to county, city, town, [and], village AND SCHOOL DISTRICT taxation[, but shall not be applicable to taxes levied for school purposes]. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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