S T A T E O F N E W Y O R K
________________________________________________________________________
2641
2009-2010 Regular Sessions
I N S E N A T E
February 25, 2009
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Introduced by Sens. RANZENHOFER, ALESI, DeFRANCISCO, MAZIARZ, ROBACH,
VOLKER -- read twice and ordered printed, and when printed to be
committed to the Committee on Local Government
AN ACT to amend the real property tax law, in relation to school tax
relief program (STAR) savings calculation
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 2 of section 1306-a of the real property tax
law, as added by section 16 of part B of chapter 389 of the laws of
1997, is amended to read as follows:
2. Tax savings. (A) The tax savings for each parcel receiving the
exemption authorized by section four hundred twenty-five of this chapter
shall be computed by subtracting the amount actually levied against the
parcel from the amount that would have been levied if not for the
exemption.
(B) FOR PURPOSES OF THIS SUBDIVISION, TAX SAVINGS SHALL BE CALCULATED
TO INCLUDE ANY SALES TAX REVENUE SHARED BY A COUNTY WITH A SCHOOL
DISTRICT. SUCH SALES TAX REVENUE SHALL BE ADDED ON A PRO RATA BASIS
EQUAL TO THE PERCENTAGE THAT EACH PARCEL RECEIVING AN EXEMPTION IS TO
THE ENTIRE TAX LEVY, AS AN ADDITIONAL TAX LEVY, PRIOR TO CALCULATING THE
SAVINGS.
(C) A statement shall then be placed on the tax bill for the parcel in
substantially the following form: "Your tax savings this year resulting
from the New York state school tax relief (STAR) program is $_______."
S 2. This act shall take effect immediately and shall apply to real
property taxes levied for fiscal years commencing on and after January
1, 2010.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07403-01-9