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Assembly Bill A1283

2009-2010 Legislative Session

Provides a STAR exemption for real property owned by individuals on active military service

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Archive: Last Bill Status - In Assembly Committee

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2009-A1283 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง425, RPT L

2009-A1283 (ACTIVE) - Summary

Provides a STAR exemption for real property owned by individuals on active military service; applicable to individuals currently serving on active duty in the armed forces of the US in an area designated by the president as a combat zone or when deployed outside the US away from the individual's permanent duty station while participating in an operation designated as a contingency operation.

2009-A1283 (ACTIVE) - Bill Text download pdf

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

                                  1283

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced  by M. of A. REILLY, LATIMER, EDDINGTON -- Multi-Sponsored by
  -- M. of A. DESTITO, KOON, LUPARDO, STIRPE -- read once  and  referred
  to the Committee on Real Property Taxation

AN  ACT  to  amend the real property tax law, in relation to creating an
  active duty STAR exemption

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

  Section  1.  Paragraphs (a) and (b) of subdivision 2 of section 425 of
the real property tax law, paragraph (a) as amended by section 1 of part
E of chapter 83 of the laws of 2002, paragraph (b) as amended by section
1 of part D-1 of chapter 57 of the laws of 2007, are amended to read  as
follows:
  (a)  Overview.  There shall be [two] THREE variations of the exemption
authorized by this section: an exemption for property owned  by  persons
who satisfy the criteria set forth in subdivision three of this section,
which  shall  be known as the "basic" STAR exemption, [and] an exemption
for property owned by senior citizens who satisfy the criteria set forth
in both subdivisions three and four of  this  section,  which  shall  be
known  as  the  "enhanced"  STAR exemption AND AN EXEMPTION FOR PROPERTY
OWNED BY INDIVIDUALS ON ACTIVE MILITARY SERVICE, WHICH SHALL BE KNOWN AS
THE "ACTIVE DUTY" STAR EXEMPTION. The exempt amount for  each  assessing
unit  shall  be determined annually as set forth in this subdivision, by
multiplying the "base figure" by  the  locally-applicable  "sales  price
differential factor," if any, multiplying the product by the appropriate
"equalization  factor"  for  the  assessing  unit,  and,  if  necessary,
increasing the result to equal the applicable  "floor."  The  result  is
then rounded to the nearest multiple of ten dollars.
  (b) Base figure. Subject to the adjustments prescribed below, the base
figure for the exemption shall be as follows:
  (i)  For  the  nineteen hundred ninety-eight--ninety-nine school year,
the base figure shall be fifty  thousand  dollars  for  eligible  senior
citizens; no exemption shall be allowed for other persons.

              

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