senate Bill S3050

2013-2014 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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to local government
Jan 29, 2013 referred to local government

S3050 - Details

See Assembly Version of this Bill:
A2641
Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง425, RPT L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S2376, A6214
2009-2010: S3055, A5348

S3050 - Summary

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

S3050 - Sponsor Memo

S3050 - Bill Text download pdf

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

                                  3050

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 29, 2013
                               ___________

Introduced  by  Sen.  SEWARD -- 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 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,  para-
graph  (e)  as added by section 2 of part W of chapter 57 of the laws of
2008, and paragraph (f) as added by section 1 of part B of chapter 59 of
the laws of 2012, 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 (G) 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
hundred  thousand dollars, as determined by the commissioner of taxation

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06744-01-3

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