Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to real property taxation |
May 01, 2009 |
referred to real property taxation |
Assembly Bill A8040
2009-2010 Legislative Session
Sponsored By
SCHIMMINGER
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
Mark J.F. Schroeder
Dennis H. Gabryszak
David Koon
Sandy Galef
2009-A8040 (ACTIVE) - Details
- See Senate Version of this Bill:
- S3100
- Current Committee:
- Assembly Real Property Taxation
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §425, RPT L
2009-A8040 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8040 2009-2010 Regular Sessions I N A S S E M B L Y May 1, 2009 ___________ Introduced by M. of A. SCHIMMINGER, SCHROEDER, GABRYSZAK, KOON, GALEF, PAULIN, BRADLEY -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to a sales tax factor applicable to STAR exemptions 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 425 of the real property tax law, as amended by section 1 of part E of chapter 83 of the laws of 2002, is amended to read as follows: (a) Overview. There shall be two variations of the exemption author- ized 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. 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, ADDING ON THE APPLICABLE SALES TAX FACTOR, IF ANY, and, if necessary, increasing the result to equal the applicable "floor." The result is then rounded to the nearest multiple of ten dollars. S 2. Subdivision 2 of section 425 of the real property tax law is amended by adding a new paragraph (d-1) to read as follows: (D-1) SALES TAX ADJUSTMENT. FOR ANY COUNTY IN WHICH THE SCHOOL DISTRICT RECEIVES A PORTION OF THE REVENUE GENERATED FROM SALES TAX WITHIN THE COUNTY, A "SALES TAX FACTOR" SHALL BE ADDED TO THE AMOUNT DETERMINED IN PARAGRAPH (D) OF THIS SUBDIVISION. THE APPLICABLE SALES TAX FACTOR FOR EACH COUNTY SHALL BE DETERMINED BY TAKING THE TOTAL SALES EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10145-01-9
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.