senate Bill S1430A

2013-2014 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 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 (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 27, 2014 print number 1430a
amend and recommit to local government
Jan 08, 2014 referred to local government
Jan 09, 2013 referred to local government

Co-Sponsors

S1430 - Details

Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1306-a, RPT L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S2338A
2009-2010: S2641

S1430 - Summary

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

S1430 - Sponsor Memo

S1430 - Bill Text download pdf

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

                                  1430

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sens.  RANZENHOFER, DeFRANCISCO, LARKIN, MAZIARZ -- 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 amended by section 6 of part N of chapter  58  of  the  laws  of
2011, is amended to read as follows:
  2.  Tax  savings. (a)(i) 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, provided  however,  that  beginning  with  the  two  thousand
eleven-two  thousand  twelve  school year, the tax savings applicable to
any "portion" (which as used herein shall mean that part of an assessing
unit located within a school district) shall not exceed the tax  savings
applicable  to  that  portion in the prior school year multiplied by one
hundred two percent, with the result rounded to the nearest dollar.  The
tax  savings  attributable to the basic and enhanced exemptions shall be
calculated separately. It shall be the responsibility of the commission-
er to calculate tax savings limitations for purposes  of  this  subdivi-
sion.
  (ii)  The  tax  savings  applicable  to a portion for the two thousand
ten-two thousand eleven school year shall be determined  by  multiplying
the exempt amount applicable to the portion for the two thousand ten-two
thousand  eleven  school  year by the tax rate applicable to the portion
for the two thousand ten-two thousand eleven school year, with  separate
calculations for the basic and enhanced exemptions.

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

Co-Sponsors

S1430A (ACTIVE) - Details

Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1306-a, RPT L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S2338A
2009-2010: S2641

S1430A (ACTIVE) - Summary

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

S1430A (ACTIVE) - Sponsor Memo

S1430A (ACTIVE) - Bill Text download pdf

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

                                 1430--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sens.  RANZENHOFER, DeFRANCISCO, LARKIN, MAZIARZ -- read
  twice and ordered printed, and when printed to  be  committed  to  the
  Committee on Local Government -- recommitted to the Committee on Local
  Government  in  accordance  with  Senate  Rule  6, sec. 8 -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

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  amended  by  section  6 of part N of chapter 58 of the laws of
2011, is amended to read as follows:
  2. Tax savings. (a)(i) 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,  provided  however,  that  beginning  with  the  two thousand
eleven-two thousand twelve school year, the tax  savings  applicable  to
any "portion" (which as used herein shall mean that part of an assessing
unit  located within a school district) shall not exceed the tax savings
applicable to that portion in the prior school year  multiplied  by  one
hundred  two percent, with the result rounded to the nearest dollar. The
tax savings attributable to the basic and enhanced exemptions  shall  be
calculated separately. It shall be the responsibility of the commission-
er  to  calculate  tax savings limitations for purposes of this subdivi-
sion.
  (ii) The tax savings applicable to a  portion  for  the  two  thousand
ten-two  thousand  eleven school year shall be determined by multiplying
the exempt amount applicable to the portion for the two thousand ten-two

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

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