senate Bill S2196

2013-2014 Legislative Session

Relates to calculations of enhanced STAR upon sale of a parcel of real property with such exemption

download bill text pdf

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Archive: Last Bill Status -


  • 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
Apr 30, 2014 reported and committed to finance
Jan 08, 2014 referred to aging
May 21, 2013 reported and committed to finance
Jan 14, 2013 referred to aging

Votes

view votes

Apr 30, 2014 - Aging committee Vote

S2196
9
0
committee
9
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Aging committee vote details

Aging Committee Vote: Apr 30, 2014

aye wr (1)

May 21, 2013 - Aging committee Vote

S2196
9
0
committee
9
Aye
0
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Aging committee vote details

Aging Committee Vote: May 21, 2013

aye wr (2)

S2196 - Details

Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง425, RPT L
Versions Introduced in 2011-2012 Legislative Session:
S6245

S2196 - Summary

Relates to calculations of enhanced STAR upon sale of a parcel of real property with such exemption.

S2196 - Sponsor Memo

S2196 - Bill Text download pdf

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

                                  2196

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 14, 2013
                               ___________

Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
  printed to be committed to the Committee on Aging

AN ACT to amend the real property tax law, in relation to certain calcu-
  lations for enhanced STAR

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

  Section  1.    Subdivision 9-b of section 425 of the real property tax
law is amended by adding a new paragraph (e) to read as follows:
  (E) NOTWITHSTANDING THE FOREGOING PROVISIONS OF THIS  SUBDIVISION,  AT
THE  TIME  OF  SALE  OF A PARCEL OF REAL PROPERTY WITH THE ENHANCED STAR
EXEMPTION, IF A PURCHASER IS NOT ENTITLED TO SUCH EXEMPTION,  THEN  SUCH
PURCHASER  SHALL  MAKE  THE  MUNICIPALITY WHOLE BY PAYING THE DIFFERENCE
BETWEEN THE SELLER'S TAX LIABILITY AND THAT DUE FROM THE PURCHASER BASED
ON SUCH PURCHASER'S TAX LIABILITY. THE PURCHASER SHALL PAY THE PRO-RATED
PORTION OF THE NON-ENHANCED STAR EXEMPTION TAX LIABILITY.
  S 2. This act shall take effect immediately; provided,  however,  that
effective immediately, the addition, amendment and/or repeal of any rule
or regulation necessary for the implementation of this act on its effec-
tive  date  is  authorized  and  directed to be made and completed on or
before such effective date.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05325-01-3

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