senate Bill S4600

Signed By Governor
2013-2014 Legislative Session

Relates to partial tax abatements for certain residential real property

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A6658 - Signed by Governor


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

do you support this bill?

Actions

view actions (10)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 03, 2013 signed chap.97
Jun 24, 2013 delivered to governor
May 23, 2013 returned to assembly
passed senate
3rd reading cal.395
substituted for s4600
May 23, 2013 substituted by a6658
Apr 22, 2013 ordered to third reading cal.395
committee discharged and committed to rules
Apr 12, 2013 referred to local government

Votes

view votes

S4600 - Bill Details

See Assembly Version of this Bill:
A6658
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง467-a, RPT L

S4600 - Bill Texts

view summary

Relates to partial tax abatements for certain residential real property.

view sponsor memo
BILL NUMBER:S4600

TITLE OF BILL: An act to amend the real property tax law, in relation
to partial tax abatements for certain property

SUMMARY OF PROVISIONS:

Section one of the bill amends subdivision 2 of section 467-a of the
Real Property Tax Law to provide that a tax abatement may be granted
to a dwelling unit in a property held in a cooperative or condominium
form of ownership where the unit in question is held in trust solely
for the benefit of a person or persons who would otherwise be eligible
to receive a tax abatement, were such person or persons the legal
owner of the unit.

Section two of the bill amends paragraph (f) of subdivision 2 of
section 467-a of the Real Property Tax Law to provide that a property
will not be prohibited from receiving an abatement pursuant to section
467-a if the property, or certain dwelling units therein, are
receiving benefits pursuant to sections 425 (School Tax Relief
exemption (STAR)) or 459-c (persons with disabilities and limited
incomes exemption) of the Real Property Tax Law.

REASONS FOR SUPPORT: Currently, a dwelling unit will lose its
eligibility for a tax abatement pursuant to section 467-a if the owner
transfers the property into a trust. This bill would make it clear
that the abatements provided in section 467-a of the Real Property Tax
Law extend to a property held in trust solely for the benefit of a
person who would otherwise meet the eligibility requirements set forth
in section 467-a, were such person the legal owner of the unit.

This bill would also make it clear that receipt of benefits under Real
Property Tax Law sections 425 or 459-c would not make one ineligible
for benefits under the co-op/condo real property tax abatement
program.

Accordingly, the Mayor urges the earliest possible favorable
consideration of this proposal by the Legislature.

view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

    S. 4600                                                  A. 6658

                       2013-2014 Regular Sessions

                      S E N A T E - A S S E M B L Y

                             April 12, 2013
                               ___________

IN  SENATE -- Introduced by Sen. GOLDEN -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Local Govern-
  ment

IN ASSEMBLY -- Introduced  by  M.  of  A.  WRIGHT,  SILVER,  BRAUNSTEIN,
  O'DONNELL -- read once and referred to the Committee on Ways and Means

AN  ACT  to  amend the real property tax law, in relation to partial tax
  abatements for certain property

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

  Section 1. Subdivision 2 of section 467-a of the real property tax law
is amended by adding a new paragraph (b-1) to read as follows:
  (B-1)  NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, THE
PROVISIONS OF THIS SECTION SHALL APPLY TO  ANY  DWELLING  UNIT  HELD  IN
TRUST  SOLELY FOR THE BENEFIT OF A PERSON OR PERSONS WHO WOULD OTHERWISE
BE ELIGIBLE FOR AN ABATEMENT, PURSUANT TO THIS SECTION, WERE SUCH PERSON
OR PERSONS THE OWNER OR OWNERS OF SUCH DWELLING UNIT.
  S 2. Paragraph (f) of subdivision 2 of section 467-a of the real prop-
erty tax law, as separately amended by chapters 461 and 473 of the  laws
of 2008, is amended to read as follows:
  (f)  For  purposes of this subdivision, a property shall be deemed not
to be receiving complete or partial real property tax exemption  or  tax
abatement  if  the  property  is, or certain dwelling units therein are,
receiving benefits pursuant to section four hundred, four  hundred  two,
four  hundred  four,  four hundred six, four hundred eight, four hundred
ten, four hundred ten-a, four hundred  twelve,  four  hundred  twelve-a,
four hundred sixteen, four hundred eighteen, four hundred twenty-a, four
hundred  twenty-b,  FOUR  HUNDRED  TWENTY-FIVE, four hundred thirty-six,
four hundred  fifty-eight,  four  hundred  fifty-eight-a,  FOUR  HUNDRED
FIFTY-NINE-C,  four  hundred  sixty-two,  four hundred sixty-seven, four
hundred  sixty-seven-b,  [or]  four  hundred  ninety-nine-bbb,  or  four

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10305-01-3

S. 4600                             2                            A. 6658

hundred  ninety-nine-bbbb of this article, or if the property is receiv-
ing a tax abatement but not a tax exemption  pursuant  to  section  four
hundred eighty-nine of this article.
  S  3.  This  act  shall take effect immediately and shall be deemed to
have been in full force and effect on and after June 1, 2012.

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.