senate Bill S2641

2009-2010 Legislative Session

Provides for the inclusion of sales tax revenue shared by a county with the school district in the STAR savings calculation

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Local Government Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 06, 2010 referred to local government
Feb 25, 2009 referred to local government

Co-Sponsors

S2641 - Details

See Assembly Version of this Bill:
A4844
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง1306-a, RPT L

S2641 - Summary

Provides for the inclusion of sales tax revenue shared by a county with the school district in the STAR savings calculation.

S2641 - Sponsor Memo

S2641 - Bill Text download pdf

                    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
                               ___________

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

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