Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 06, 2010 |
referred to veterans, homeland security and military affairs |
Apr 17, 2009 |
referred to veterans, homeland security and military affairs |
Senate Bill S4213
2009-2010 Legislative Session
Sponsored By
(D) 15th Senate District
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
Actions
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) - Sponsor Memo
BILL NUMBER: S4213 TITLE OF BILL : 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 PURPOSE OR GENERAL IDEA OF BILL : To provide an opportunity for municipalities to choose to offer increased property tax exemptions for veterans pursuant to section 458-b of the real property tax law and to also allow such veterans who reside in cooperative apartments to benefit from property tax exemptions when they are tenant stockholders of cooperative apartment corporations SUMMARY OF SPECIFIC PROVISIONS : Section one amends 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, by providing that the state board shall establish a special equalization rate if there has been a material change in the level of assessment since the establishment of the latest state equalization rate. Such special rate shall not exceed one hundred. Should the state equalization rate exceed one hundred, then it shall be one hundred for purposes of section 458-b. Section one further provides when and how the assessor is directed and authorized to recompute the Cold War
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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