|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jun 06, 2012||referred to real property taxation|
delivered to assembly
|Jun 05, 2012||ordered to third reading cal.1113|
|May 18, 2012||referred to rules|
senate Bill S7447
Archive: Last Bill Status - Passed Senate
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S7447 - Details
- See Assembly Version of this Bill:
- Current Committee:
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §1306-b, RPT L; add §178, amd §606, Tax L
S7447 - Summary
Reinstates the Middle Class STAR rebate for the 2013-2014 school year and thereafter; sets out amounts per year; commissioner of taxation is authorized to develop procedures for the implementation of such program.
S7447 - Sponsor Memo
BILL NUMBER:S7447 TITLE OF BILL: An act to amend the real property tax law and the tax law, in relation to reinstating the "Middle Class STAR" rebate program SUMMARY OF PROVISIONS: This bill would reinstate the "Middle Class STAR" rebate program. Section 1 adds a new Real Property Tax Law Section 1306-b, entitled "Middle Class STAR" rebate program. This section provides that if a parcel is entitled to the enhanced STAR exemption pursuant to RPTL section 425 for the 2012-2013 school year and thereafter, a local real property tax rebate shall be provided to the owner or owners of such parcel. In addition, this section provides that if a parcel is E1titled to the basic STAR exemption pursuant to RPTL section 425 for the 2013-2014; school year and thereafter, a local real property tax rebate shall be provided to the owner or owners of such parcel. The section sets fort1 ·the process by which such rebate shall be determined. The "Middle Class STAR" rebate program provides rebate checks to
S7447 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7447 I N S E N A T E May 18, 2012 ___________ Introduced by Sens. LAVALLE, RANZENHOFER, SKELOS, BALL, RITCHIE, ZELDIN -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the real property tax law and the tax law, in relation to reinstating the "Middle Class STAR" rebate program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 1306-b to read as follows: S 1306-B. "MIDDLE CLASS STAR" REBATE PROGRAM. 1. TAX REBATES. (A) FOR THE TWO THOUSAND TWELVE--TWO THOUSAND THIRTEEN SCHOOL YEAR AND EACH YEAR THEREAFTER IF A PARCEL IS ENTITLED TO THE ENHANCED STAR EXEMPTION AUTHORIZED BY SECTION FOUR HUNDRED TWENTY-FIVE OF THIS CHAPTER, A LOCAL PROPERTY TAX REBATE SHALL BE PROVIDED TO THE OWNER OR OWNERS OF SUCH PARCEL AS SHOWN ON THE FINAL ASSESSMENT ROLL FOR SUCH YEAR, IN AN AMOUNT COMPUTED AS PRESCRIBED BY THIS SECTION AND SECTION ONE HUNDRED SEVENTY- EIGHT OF THE TAX LAW. (B) FOR THE TWO THOUSAND THIRTEEN--TWO THOUSAND FOURTEEN SCHOOL YEAR AND EACH YEAR THEREAFTER IF A PARCEL IS ENTITLED TO THE BASIC STAR EXEMPTION AUTHORIZED BY SECTION FOUR HUNDRED TWENTY-FIVE OF THIS CHAP- TER, A LOCAL PROPERTY TAX REBATE SHALL BE PROVIDED TO THE OWNER OR OWNERS OF SUCH PARCEL AS SHOWN ON THE FINAL ASSESSMENT ROLL FOR SUCH YEAR, IN AN AMOUNT COMPUTED AS PRESCRIBED BY THIS SECTION AND SECTION ONE HUNDRED SEVENTY-EIGHT OF THE TAX LAW. (C) IT SHALL BE THE RESPONSIBILITY OF THE STATE DEPARTMENT OF TAXATION AND FINANCE TO ISSUE SUCH TAX REBATES TO SUCH OWNERS IN THE MANNER PROVIDED BY SECTION ONE HUNDRED SEVENTY-EIGHT OF THE TAX LAW. NOTHING CONTAINED HEREIN SHALL BE CONSTRUED AS PERMITTING PARTIAL OR INSTALLMENT PAYMENTS OF TAXES IN A JURISDICTION WHICH HAS NOT AUTHORIZED THE SAME PURSUANT TO LAW. 2. PROCEDURE. (A) ON OR BEFORE AUGUST FIFTEENTH, TWO THOUSAND TWELVE AND EACH YEAR THEREAFTER, THE COMMISSIONER OF TAXATION AND FINANCE, OR HIS OR HER DESIGNEE, SHALL CREATE A REPORT CONCERNING THOSE PARCELS WHICH HAVE BEEN GRANTED AN EXCEPTION AUTHORIZED BY SECTION FOUR HUNDRED EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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