Assembly Bill A10538

2009-2010 Legislative Session

Establishes a Co-STAR tax program for senior citizens and farmers

download bill text pdf

Sponsored By

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

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2009-A10538 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Add §§425-b & 425-c, RPT L; add §177-a, amd §1310, Tax L; amd §11-1706, NYC Ad Cd; add §97-gggg, St Fin L
Versions Introduced in Other Legislative Sessions:
2011-2012: A2039
2013-2014: A6876

2009-A10538 (ACTIVE) - Summary

Establishes a Co-STAR tax program for senior citizens and farmers.

2009-A10538 (ACTIVE) - Sponsor Memo

2009-A10538 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  10538

                          I N  A S S E M B L Y

                              April 2, 2010
                               ___________

Introduced by M. of A. TEDISCO, CROUCH, BURLING, RAIA -- Multi-Sponsored
  by  --  M.  of A.   ALFANO, BACALLES, BARCLAY, BUTLER, CALHOUN, CONTE,
  FINCH, GIGLIO, KOLB, McDONOUGH, OAKS, O'MARA, QUINN, RABBITT, REILICH,
  SALADINO, SAYWARD, THIELE, TOWNSEND -- read once and referred  to  the
  Committee on Real Property Taxation

AN  ACT to amend the real property tax law, the tax law, the administra-
  tive code of the city of New  York  and  the  state  finance  law,  in
  relation to establishing a Co-STAR program for seniors and farmers

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The real property tax law is  amended  by  adding  two  new
sections 425-b and 425-c to read as follows:
  S 425-B. CO-STAR PROGRAM FOR SENIOR CITIZENS. 1. GENERALLY.  WHEN REAL
PROPERTY RECEIVES THE ENHANCED STAR EXEMPTION FROM SCHOOL DISTRICT TAXA-
TION  AUTHORIZED  BY SECTION FOUR HUNDRED TWENTY-FIVE OF THIS TITLE, THE
PROPERTY SHALL BE DESIGNATED AS ELIGIBLE FOR A CO-STAR ASSESSMENT ON THE
SAME ASSESSMENT ROLL IN THE MANNER PROVIDED BY  THIS  SECTION,  AND  THE
QUALIFIED  OWNER-APPLICANT  OR  OWNER-APPLICANTS  SHALL BE ENTITLED TO A
COUNTY TAX REBATE IN THE AMOUNT  AND  MANNER  PROVIDED  BY  SECTION  ONE
HUNDRED  SEVENTY-SEVEN-A OF THE TAX LAW. NO SEPARATE APPLICATION NEED BE
FILED FOR SUCH CO-STAR ASSESSMENT OR REBATE.
  2. CO-STAR ASSESSMENTS. (A) SUBJECT TO THE PROVISIONS OF PARAGRAPH (B)
OF THIS SUBDIVISION, THE CO-STAR ASSESSMENT  FOR  EACH  ELIGIBLE  PARCEL
SHALL  BE  EQUAL  TO  THE  EXEMPT  AMOUNT DETERMINED FOR PURPOSES OF THE
ENHANCED STAR EXEMPTION AUTHORIZED BY SECTION FOUR  HUNDRED  TWENTY-FIVE
OF THIS TITLE FOR THE ASSESSING UNIT IN WHICH THE PARCEL IS LOCATED.
  (B)  NOTWITHSTANDING  THE PROVISIONS OF PARAGRAPH (A) OF THIS SUBDIVI-
SION, IN NO EVENT SHALL THE CO-STAR ASSESSMENT OF A  PARCEL  EXCEED  THE
TAXABLE ASSESSED VALUE OF THAT PARCEL FOR COUNTY PURPOSES.
  3. ENTRY ON ASSESSMENT ROLL; EFFECT. EACH PARCEL WHICH IS ELIGIBLE FOR
A  CO-STAR ASSESSMENT SHALL BE DESIGNATED AS SUCH BY THE ASSESSOR ON THE
ASSESSMENT ROLL, PROVIDED, HOWEVER, THAT A CO-STAR ASSESSMENT SHALL  NOT
AFFECT  THE  TOTAL  OR  TAXABLE  ASSESSED  VALUE  OF  ANY PARCEL FOR ANY
PURPOSE, AND SHALL NOT BE CONSIDERED WHEN DETERMINING THE  TAX  RATE  OF

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

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