Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 30, 2014 |
reported and committed to finance |
Jan 08, 2014 |
referred to aging |
May 21, 2013 |
reported and committed to finance |
Jan 14, 2013 |
referred to aging |
Senate Bill S2196
2013-2014 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Finance 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
Votes
2013-S2196 (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §425, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S6245
2015-2016: S1746
2017-2018: S699
2019-2020: S3531
2013-S2196 (ACTIVE) - Sponsor Memo
BILL NUMBER:S2196 TITLE OF BILL: An act to amend the real property tax law, in relation to certain calculations for enhanced STAR PURPOSE: This bill will require home owners, who do not qualify for an enhanced STAR exemption, and buy property from an qualified enhanced STAR individual to pay back, pro-rata, the exemption they are not quali- fied for. SUMMARY OF PROVISIONS: Section 1. Provides that if a parcel of real property with the enhanced STAR exemption is sold to a purchaser who is not entitled to such exemption, the purchaser must pay the pro-rated portion of the exemption that is due back to the municipality. JUSTIFICATION: The municipalities provide qualified seniors with an Enhanced STAR exemption from real property taxes, however, when a non- qualified purchaser buys the parcel of land from the qualified senior they are reaping benefit they are not qualified for. In order to make the municipality whole this benefit should be returned to the munici- pality at a pro-rata rate. This is already being done for the basic STAR exemption. LEGISLATIVE HISTORY: 2011-2012: S.6245 - Referred to Aging
2013-S2196 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2196 2013-2014 Regular Sessions I N S E N A T E January 14, 2013 ___________ Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when printed to be committed to the Committee on Aging AN ACT to amend the real property tax law, in relation to certain calcu- lations for enhanced STAR THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 9-b of section 425 of the real property tax law is amended by adding a new paragraph (e) to read as follows: (E) NOTWITHSTANDING THE FOREGOING PROVISIONS OF THIS SUBDIVISION, AT THE TIME OF SALE OF A PARCEL OF REAL PROPERTY WITH THE ENHANCED STAR EXEMPTION, IF A PURCHASER IS NOT ENTITLED TO SUCH EXEMPTION, THEN SUCH PURCHASER SHALL MAKE THE MUNICIPALITY WHOLE BY PAYING THE DIFFERENCE BETWEEN THE SELLER'S TAX LIABILITY AND THAT DUE FROM THE PURCHASER BASED ON SUCH PURCHASER'S TAX LIABILITY. THE PURCHASER SHALL PAY THE PRO-RATED PORTION OF THE NON-ENHANCED STAR EXEMPTION TAX LIABILITY. S 2. This act shall take effect immediately; provided, however, that effective immediately, the addition, amendment and/or repeal of any rule or regulation necessary for the implementation of this act on its effec- tive date is authorized and directed to be made and completed on or before such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05325-01-3
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.