Senate Bill S4213

2009-2010 Legislative Session

Increases the real property tax exemption for Cold War veterans

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Veterans, Homeland Security And Military Affairs 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-S4213 (ACTIVE) - Details

Current Committee:
Senate Veterans, Homeland Security And Military Affairs
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง458-b, RPT L

2009-S4213 (ACTIVE) - Summary

Increases the real property tax exemption for Cold War veterans; each county, city, town or village may adopt local laws to provide for such exemptions; relates to cooperative apartments and property held in trust for the benefit of a veteran.

2009-S4213 (ACTIVE) - Sponsor Memo

2009-S4213 (ACTIVE) - Bill Text download pdf

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

                                  4213

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                             April 17, 2009
                               ___________

Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Veterans, Homeland Securi-
  ty and Military Affairs

AN ACT to amend the real property  tax law, in  relation  to  increasing
  the tax exemption for Cold War veterans and cooperative apartments and
  property held in trust for the benefit of a veteran

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

  Section 1. Paragraph (g) of subdivision 1 of section 458-b of the real
property tax law, as added by chapter  655  of  the  laws  of  2007,  is
amended to read as follows:
  (g) ["Latest state equalization rate" means the latest final equaliza-
tion  rate  established by the state board pursuant to article twelve of
this chapter.] "LATEST STATE EQUALIZATION RATE" MEANS THE  LATEST  FINAL
STATE  EQUALIZATION RATE OR SPECIAL EQUALIZATION RATE ESTABLISHED BY THE
STATE BOARD PURSUANT TO ARTICLE TWELVE OF THIS CHAPTER. THE STATE  BOARD
SHALL  ESTABLISH  A SPECIAL EQUALIZATION RATE IF IT FINDS THAT THERE HAS
BEEN A MATERIAL CHANGE IN THE LEVEL OF ASSESSMENT SINCE  THE  ESTABLISH-
MENT  OF  THE LATEST STATE EQUALIZATION RATE, BUT IN NO EVENT SHALL SUCH
SPECIAL EQUALIZATION RATE EXCEED ONE HUNDRED.  IN  THE  EVENT  THAT  THE
STATE EQUALIZATION RATE EXCEEDS ONE HUNDRED, THEN THE STATE EQUALIZATION
RATE  SHALL  BE  ONE  HUNDRED  FOR THE PURPOSES OF THIS SECTION. WHERE A
SPECIAL EQUALIZATION RATE IS ESTABLISHED FOR PURPOSES OF  THIS  SECTION,
THE ASSESSOR IS DIRECTED AND AUTHORIZED TO RECOMPUTE THE COLD WAR VETER-
ANS  EXEMPTION ON THE ASSESSMENT ROLL BY APPLYING SUCH SPECIAL EQUALIZA-
TION RATE INSTEAD OF THE LATEST STATE EQUALIZATION RATE APPLIED  IN  THE
PREVIOUS  YEAR AND TO MAKE THE APPROPRIATE CORRECTIONS ON THE ASSESSMENT
ROLL, NOTWITHSTANDING THE  FACT  THAT  SUCH  ASSESSOR  MAY  RECEIVE  THE
SPECIAL  EQUALIZATION RATE AFTER THE COMPLETION, VERIFICATION AND FILING
OF SUCH FINAL ASSESSMENT ROLL. IN THE EVENT THAT THE ASSESSOR  DOES  NOT
HAVE  CUSTODY  OF  THE ROLL WHEN SUCH RECOMPUTATION IS ACCOMPLISHED, THE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09901-02-9
              

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