senate Bill S2376

2011-2012 Legislative Session

Provides school tax exemption relief (STAR) to small business with 20 or fewer employees

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


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

do you support this legislation?

You must fill out the form below in order to support or oppose this bill. X

You must login or fill out the fields below for the senator to have an accurate account of the support or opposition to this bill.

Your valid home address is used to determine which NY State Senator Represents you.
Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.
Use this box to enter a message to your senator.

Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to local government
Jan 19, 2011 referred to local government

Co-Sponsors

view additional co-sponsors

S2376 - Details

See Assembly Version of this Bill:
A6214
Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง425, RPT L
Versions Introduced in 2009-2010 Legislative Session:
S3055, A5348

S2376 - Summary

Provides school tax exemption relief (STAR) to small business with 20 or fewer employees.

S2376 - Sponsor Memo

S2376 - Bill Text download pdf

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

                                  2376

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 19, 2011
                               ___________

Introduced  by  Sens. SEWARD, BONACIC, DeFRANCISCO, FUSCHILLO, GRISANTI,
  LARKIN, MAZIARZ, O'MARA, RANZENHOFER -- read twice and ordered  print-
  ed, and when printed to be committed to the Committee on Local Govern-
  ment

AN  ACT to amend the real property tax law, in relation to extending the
  benefits of the STAR program to small businesses

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

  Section  1. Subdivision 3 of section 425 of the real property tax law,
as added by section 1 of part B of chapter 389  of  the  laws  of  1997,
paragraph  (a)  as amended by chapter 264 of the laws of 2000, paragraph
(b-1) as added by section 1 of part FF of chapter  57  of  the  laws  of
2010,  paragraph  (d)  as  added  by chapter 443 of the laws of 2003 and
paragraph (e) as added by section 2 of part W of chapter 57 of the  laws
of 2008, is amended to read as follows:
  3.   Eligibility  requirements.  (a)  Property  use.  To  qualify  for
exemption pursuant to this section, the property must be a one,  two  or
three family residence, a farm dwelling, A SMALL BUSINESS or residential
property  held  in  condominium or cooperative form of ownership. If the
property is not an eligible type of property, but a portion of the prop-
erty is partially used by the owner as a primary residence, that portion
which is so used shall be entitled to the  exemption  provided  by  this
section;  provided  that  in  no  event  shall  the exemption exceed the
assessed value attributable to that portion.
  (b) Primary residence. The property must serve as  the  primary  resi-
dence  of  one  or  more  of the owners thereof, UNLESS SUCH PROPERTY IS
OWNED BY A SMALL BUSINESS AS DEFINED IN PARAGRAPH (F) OF  THIS  SUBDIVI-
SION.
  (b-1)  Income.  For  final assessment rolls to be used for the levy of
taxes for the two thousand eleven-two thousand twelve  school  year  and
thereafter,  the  parcel's affiliated income may be no greater than five

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05745-01-1

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. 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.