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

                                  3874

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 26, 2013
                               ___________

Introduced  by  Sen.  BALL  --  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, the tax law, the  administra-
  tive  code  of  the  city  of  New  York and the state finance law, in
  relation to establishing a Co-STAR program for seniors and farmers

  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 two new
sections 425-b and 425-c to read as follows:
  S 425-B. CO-STAR PROGRAM FOR SENIOR CITIZENS. 1. GENERALLY.  WHEN REAL
PROPERTY RECEIVES THE ENHANCED STAR EXEMPTION FROM SCHOOL DISTRICT TAXA-
TION AUTHORIZED BY SECTION FOUR HUNDRED TWENTY-FIVE OF THIS  TITLE,  THE
PROPERTY SHALL BE DESIGNATED AS ELIGIBLE FOR A CO-STAR ASSESSMENT ON THE
SAME  ASSESSMENT  ROLL  IN  THE MANNER PROVIDED BY THIS SECTION, AND THE
QUALIFIED OWNER-APPLICANT OR OWNER-APPLICANTS SHALL  BE  ENTITLED  TO  A
COUNTY  TAX  REBATE  IN  THE  AMOUNT  AND MANNER PROVIDED BY SECTION ONE
HUNDRED SEVENTY-SEVEN-A OF THE TAX LAW. NO SEPARATE APPLICATION NEED  BE
FILED FOR SUCH CO-STAR ASSESSMENT OR REBATE.
  2. CO-STAR ASSESSMENTS. (A) SUBJECT TO THE PROVISIONS OF PARAGRAPH (B)
OF  THIS  SUBDIVISION,  THE  CO-STAR ASSESSMENT FOR EACH ELIGIBLE PARCEL
SHALL BE EQUAL TO THE EXEMPT  AMOUNT  DETERMINED  FOR  PURPOSES  OF  THE
ENHANCED  STAR  EXEMPTION AUTHORIZED BY SECTION FOUR HUNDRED TWENTY-FIVE
OF THIS TITLE FOR THE ASSESSING UNIT IN WHICH THE PARCEL IS LOCATED.
  (B) NOTWITHSTANDING THE PROVISIONS OF PARAGRAPH (A) OF  THIS  SUBDIVI-
SION,  IN  NO  EVENT SHALL THE CO-STAR ASSESSMENT OF A PARCEL EXCEED THE
TAXABLE ASSESSED VALUE OF THAT PARCEL FOR COUNTY PURPOSES.
  3. ENTRY ON ASSESSMENT ROLL; EFFECT. EACH PARCEL WHICH IS ELIGIBLE FOR
A CO-STAR ASSESSMENT SHALL BE DESIGNATED AS SUCH BY THE ASSESSOR ON  THE
ASSESSMENT  ROLL, PROVIDED, HOWEVER, THAT A CO-STAR ASSESSMENT SHALL NOT
AFFECT THE TOTAL OR  TAXABLE  ASSESSED  VALUE  OF  ANY  PARCEL  FOR  ANY
PURPOSE,  AND  SHALL  NOT BE CONSIDERED WHEN DETERMINING THE TAX RATE OF

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07274-01-3
              

S. 3874                             2

ANY COUNTY OR FOR ANY PURPOSE OTHER THAN DETERMINING THE REBATE TO WHICH
THE OWNER-APPLICANT OR OWNER-APPLICANTS ARE ENTITLED UNDER  SECTION  ONE
HUNDRED SEVENTY-SEVEN-A OF THE TAX LAW.
  4.  PAYMENT  OF  CO-STAR  REBATES.  THE  COMMISSIONER  OF TAXATION AND
FINANCE SHALL PAY CO-STAR REBATES IN THE MANNER PROVIDED BY SECTION  ONE
HUNDRED SEVENTY-SEVEN-A OF THE TAX LAW.
  5.  FAILURE  TO  PAY  COUNTY TAXES. IF THE COUNTY TAXES ON AN ELIGIBLE
PARCEL ARE NOT PAID IN FULL DURING THE APPLICABLE  COUNTY  FISCAL  YEAR,
THE  OWNER-APPLICANT  OR OWNER-APPLICANTS SHALL BE SUBJECT TO THE CONSE-
QUENCES  SPECIFIED  IN  SUBDIVISION  FIVE   OF   SECTION   ONE   HUNDRED
SEVENTY-SEVEN-A  OF  THE TAX LAW, IN ADDITION TO SUCH OTHER CONSEQUENCES
AS MAY BE PROVIDED BY LAW.
  6. EXCEPTIONS. (A) COOPERATIVE APARTMENT UNITS AND MOBILE HOMES.  WHEN
AN  ENHANCED  STAR  EXEMPTION  IS  GRANTED  PURSUANT TO PARAGRAPH (K) OF
SUBDIVISION TWO OF SECTION FOUR HUNDRED TWENTY-FIVE  OF  THIS  TITLE  IN
RELATION  TO  A COOPERATIVE APARTMENT UNIT, OR PURSUANT TO PARAGRAPH (L)
OF SUCH SUBDIVISION IN RELATION TO A MOBILE  HOME  WHICH  IS  SEPARATELY
OWNED  FROM  BUT ASSESSED WITH THE LAND ON WHICH IT IS LOCATED, AND SUCH
COOPERATIVE APARTMENT UNIT OR MOBILE HOME IS ALSO ELIGIBLE FOR A CO-STAR
ASSESSMENT PURSUANT TO THIS SECTION, THE CO-STAR REBATE  SHALL  BE  PAID
DIRECTLY  TO  THE QUALIFIED OWNER-APPLICANT OR OWNER-APPLICANTS NOTWITH-
STANDING THE FACT THAT THE STAR EXEMPTION APPLIES TO THE PARCEL  ITSELF.
THE  ASSESSOR  SHALL  PREPARE  A  LIST  OR  DATA  FILE  IDENTIFYING SUCH
OWNER-APPLICANT OR OWNER-APPLICANTS, THEIR MAILING  ADDRESSES,  AND  THE
TAXABLE ASSESSED VALUE FOR COUNTY PURPOSES ATTRIBUTABLE TO THEIR RESPEC-
TIVE  COOPERATIVE  APARTMENT UNITS OR MOBILE HOMES, AND SHALL SUBMIT THE
SAME TO THE COMMISSIONER WITHIN THIRTY DAYS AFTER THE COMPLETION OF  THE
FINAL  ASSESSMENT ROLL. SUCH LIST OR DATA FILE SHALL BE PREPARED IN SUCH
FORM AND MANNER AS MAY BE PRESCRIBED BY THE COMMISSIONER IN CONSULTATION
WITH THE DEPARTMENT OF TAXATION AND FINANCE.
  (B) COUNTIES IN CERTAIN CITIES. IN THE CASE OF A COUNTY LOCATED WHOLLY
WITHIN A CITY WITH A POPULATION OF ONE MILLION OR MORE INHABITANTS,  THE
CO-STAR  ASSESSMENT  ASSOCIATED WITH EACH ELIGIBLE PARCEL SHALL BE EQUAL
TO FIFTY PERCENT OF THE EXEMPT AMOUNT DETERMINED  FOR  PURPOSES  OF  THE
ENHANCED  STAR  EXEMPTION AUTHORIZED BY SECTION FOUR HUNDRED TWENTY-FIVE
OF THIS TITLE FOR SUCH CITY AFTER THE ADJUSTMENT REQUIRED  BY  PARAGRAPH
(J) OF SUBDIVISION TWO OF SUCH SECTION.
  7. CORRECTION OF AN INCORRECT ENTRY.  AN INCORRECT ENTRY ON AN ASSESS-
MENT  ROLL  OF  A  CO-STAR  ASSESSMENT  MAY  BE  CORRECTED IN THE MANNER
PROVIDED BY LAW FOR THE CORRECTION OF AN INCORRECT  ENTRY  OF  THE  STAR
EXEMPTION  AUTHORIZED BY SECTION FOUR HUNDRED TWENTY-FIVE OF THIS TITLE.
A DENIAL OF A CO-STAR ASSESSMENT SHALL BE SUBJECT TO ADMINISTRATIVE  AND
JUDICIAL  REVIEW IN THE MANNER PROVIDED BY LAW FOR THE REVIEW OF ASSESS-
MENTS.
  8. INCONSISTENT LAWS SUPERSEDED. THE PROVISIONS OF THIS SECTION  SHALL
APPLY  TO  ALL  ASSESSING  UNITS,  EXCLUDING VILLAGE ASSESSING UNITS AND
CITIES WITHIN A COUNTY ASSESSING UNIT, AND  TO  ALL  COUNTIES,  NOTWITH-
STANDING ANY PROVISION OF LAW TO THE CONTRARY.
  S 425-C. CO-STAR PROGRAM FOR FARMERS. 1. GENERALLY. WHEN REAL PROPERTY
IS  THE  PRIMARY  RESIDENCE  OF  AN  ELIGIBLE  FARMER AS DEFINED IN THIS
SECTION AND THE REQUIREMENTS OF THIS SECTION  ARE  OTHERWISE  SATISFIED,
THE PROPERTY SHALL BE DESIGNATED AS ELIGIBLE FOR A CO-STAR ASSESSMENT IN
THE  MANNER  PROVIDED BY THIS SECTION, AND THE QUALIFIED OWNER-APPLICANT
OR OWNER-APPLICANTS SHALL BE ENTITLED TO A  COUNTY  TAX  REBATE  IN  THE
AMOUNT AND MANNER PROVIDED BY SECTION ONE HUNDRED SEVENTY-SEVEN-A OF THE
TAX LAW.

S. 3874                             3

  2. CO-STAR ASSESSMENTS. (A) SUBJECT TO THE PROVISIONS OF PARAGRAPH (B)
OF  THIS  SUBDIVISION,  THE  CO-STAR ASSESSMENT FOR EACH ELIGIBLE PARCEL
SHALL BE EQUAL TO THE EXEMPT AMOUNT DETERMINED FOR PURPOSES OF THE BASIC
STAR EXEMPTION AUTHORIZED BY SECTION FOUR HUNDRED  TWENTY-FIVE  OF  THIS
TITLE FOR THE ASSESSING UNIT IN WHICH THE PARCEL IS LOCATED.
  (B)  NOTWITHSTANDING  THE PROVISIONS OF PARAGRAPH (A) OF THIS SUBDIVI-
SION, IN NO EVENT SHALL THE CO-STAR ASSESSMENT OF A  PARCEL  EXCEED  THE
TAXABLE ASSESSED VALUE OF THAT PARCEL FOR COUNTY PURPOSES.
  3.  ELIGIBILITY  REQUIREMENTS.  TO  BE  DESIGNATED  AS  ELIGIBLE FOR A
CO-STAR ASSESSMENT PURSUANT  TO  THIS  SECTION,  THE  PROPERTY  MUST  BE
RECEIVING  THE  BASIC  STAR EXEMPTION AUTHORIZED BY SECTION FOUR HUNDRED
TWENTY-FIVE OF THIS TITLE ON THE SAME ASSESSMENT ROLL, AND MUST BE OWNED
BY, AND SERVE AS THE PRIMARY RESIDENCE OF, AN ELIGIBLE FARMER AS DEFINED
IN THIS SECTION.   PROVIDED, HOWEVER, THAT A  PARCEL  WHICH  RECEIVES  A
CO-STAR  ASSESSMENT  PURSUANT  TO  SECTION FOUR HUNDRED TWENTY-FIVE-A OF
THIS TITLE MAY NOT ALSO RECEIVE A CO-STAR ASSESSMENT  PURSUANT  TO  THIS
SECTION ON THE SAME ASSESSMENT ROLL.
  4.  ELIGIBLE  FARMERS.  FOR  PURPOSES  OF THIS SECTION, A PERSON IS AN
ELIGIBLE FARMER IF HE OR SHE SATISFIES ONE  OR  MORE  OF  THE  FOLLOWING
CONDITIONS:
  (A) HE OR SHE IS ELIGIBLE FOR AND HAS CLAIMED THE AGRICULTURAL PROPER-
TY TAX CREDIT AUTHORIZED BY SUBSECTION (N) OF SECTION SIX HUNDRED SIX OF
THE TAX LAW, COMMONLY KNOWN AS THE FARMERS' SCHOOL TAX CREDIT, ON HIS OR
HER  STATE PERSONAL INCOME TAX RETURN FOR THE INCOME TAX YEAR IDENTIFIED
IN SUBPARAGRAPH (I) OF PARAGRAPH (B) OF SUBDIVISION FOUR OF SECTION FOUR
HUNDRED TWENTY-FIVE OF THIS TITLE, PROVIDED THAT NOTHING CONTAINED HERE-
IN SHALL BE CONSTRUED TO AUTHORIZE OR REQUIRE THE ASSESSOR TO VERIFY  AN
APPLICANT'S ELIGIBILITY FOR SUCH CREDIT; OR
  (B)  HE  OR SHE OWNS A SUBSTANTIAL INTEREST IN LAND WHICH RECEIVES, OR
WHICH IS ELIGIBLE TO RECEIVE, AN  AGRICULTURAL  ASSESSMENT  PURSUANT  TO
SECTION  THREE  HUNDRED FIVE OR THREE HUNDRED SIX OF THE AGRICULTURE AND
MARKETS LAW ON THE CURRENT  ASSESSMENT  ROLL.  SUCH  LAND  NEED  NOT  BE
LOCATED  IN  THE  SAME  ASSESSING  UNIT AS THE ELIGIBLE FARMER'S PRIMARY
RESIDENCE. FOR PURPOSES OF THIS SECTION, A  PERSON  OWNS  A  SUBSTANTIAL
INTEREST IN SUCH LAND IF HE OR SHE, OR HIS OR HER SPOUSE:
  (I)  INDIVIDUALLY  OWNS,  OR  OWNS  JOINTLY WITH HIS OR HER SPOUSE, AT
LEAST A TWENTY-FIVE PERCENT INTEREST IN SUCH LAND;
  (II) IS A PARTNER, WITH AT LEAST A TWENTY-FIVE PERCENT INTEREST, IN  A
PARTNERSHIP WHICH OWNS SUCH LAND; OR
  (III)  OWNS AT LEAST TWENTY-FIVE PERCENT OF THE STOCK OF A CORPORATION
WHICH OWNS SUCH LAND.
  5. APPLICATION PROCEDURE. (A) GENERALLY. AN ELIGIBLE FARMER MUST  FILE
AN  APPLICATION  FOR A CO-STAR ASSESSMENT WITH THE ASSESSOR EACH YEAR ON
OR BEFORE THE APPROPRIATE TAXABLE STATUS  DATE.  EACH  SUCH  APPLICATION
SHALL BE MADE ONLY ON A FORM PRESCRIBED OR APPROVED BY THE COMMISSIONER;
PROVIDED, THAT EFFECTIVE WITH THE TWO THOUSAND THIRTEEN ASSESSMENT ROLL,
THE  APPLICATION  FORM FOR THE AGRICULTURAL ASSESSMENT SHALL BE DESIGNED
SO THAT IT MAY ALSO SERVE AS AN APPLICATION  FOR  A  CO-STAR  ASSESSMENT
PURSUANT TO THIS SECTION, WHERE APPROPRIATE.
  (B)  APPROVAL  OR  DENIAL OF APPLICATION. IF THE ASSESSOR IS SATISFIED
THAT A PARCEL IS ENTITLED TO  A  CO-STAR  ASSESSMENT  PURSUANT  TO  THIS
SECTION, HE OR SHE SHALL APPROVE THE APPLICATION. IF THE ASSESSOR DETER-
MINES  THAT  A PARCEL IS NOT ENTITLED TO A CO-STAR ASSESSMENT, HE OR SHE
SHALL, NOT LATER THAN TEN DAYS PRIOR TO THE DATE FOR HEARING  COMPLAINTS
IN  RELATION TO ASSESSMENTS, MAIL TO THE APPLICANT A NOTICE OF DENIAL OF
THAT APPLICATION FOR THE CO-STAR ASSESSMENT FOR THAT YEAR; EXCEPT  IN  A

S. 3874                             4

CITY  WITH  A POPULATION OF ONE MILLION OR MORE INHABITANTS, SUCH NOTICE
SHALL BE MAILED NOT LATER THAN THIRTY DAYS PRIOR TO THE FINAL  DATE  FOR
FILING  AN  ASSESSMENT APPEAL.   THE NOTICE OF DENIAL SHALL SPECIFY EACH
REASON  FOR  SUCH  DENIAL  AND SHALL BE SENT ON A FORM PRESCRIBED BY THE
COMMISSIONER.  FAILURE TO MAIL ANY SUCH NOTICE OF DENIAL OR THE  FAILURE
OF  ANY  PERSON  TO  RECEIVE  SUCH  NOTICE  SHALL  NOT PREVENT THE LEVY,
COLLECTION AND ENFORCEMENT OF  THE  TAXES  ON  PROPERTY  OWNED  BY  SUCH
PERSON.
  (C)  CONFIDENTIALITY.  ANY INFORMATION OR DOCUMENTATION SUBMITTED WITH
THE APPLICATION TO VERIFY THAT THE APPLICANT HAS  CLAIMED  THE  AGRICUL-
TURAL  PROPERTY  TAX  CREDIT AUTHORIZED BY SUBSECTION (N) OF SECTION SIX
HUNDRED SIX OF THE TAX LAW, COMMONLY KNOWN AS THE  FARMERS'  SCHOOL  TAX
CREDIT,  SHALL  BE  DEEMED CONFIDENTIAL, AND THE ASSESSOR, ANY MUNICIPAL
OFFICER OR MUNICIPAL EMPLOYEES ARE PROHIBITED FROM DISCLOSING  ANY  SUCH
INFORMATION,  EXCEPT  FOR ANY DISCLOSURE NECESSARY IN THE PERFORMANCE OF
THEIR OFFICIAL DUTIES. ANY UNAUTHORIZED DISCLOSURE OF  SUCH  INFORMATION
SHALL  BE  DEEMED  A  VIOLATION  OF  SECTION EIGHT HUNDRED FIVE-A OF THE
GENERAL MUNICIPAL LAW.
  6. ENTRY ON ASSESSMENT ROLL; EFFECT. EACH PARCEL WHICH IS ELIGIBLE FOR
A CO-STAR ASSESSMENT SHALL BE IDENTIFIED AS SUCH BY THE ASSESSOR ON  THE
ASSESSMENT  ROLL, PROVIDED, HOWEVER, THAT A CO-STAR ASSESSMENT SHALL NOT
AFFECT THE TOTAL OR  TAXABLE  ASSESSED  VALUE  OF  ANY  PARCEL  FOR  ANY
PURPOSE,  AND  SHALL  NOT BE CONSIDERED WHEN DETERMINING THE TAX RATE OF
ANY COUNTY OR FOR ANY PURPOSE OTHER THAN DETERMINING THE REBATE TO WHICH
THE OWNER-APPLICANT OR OWNER-APPLICANTS ARE ENTITLED UNDER  SECTION  ONE
HUNDRED SEVENTY-SEVEN-A OF THE TAX LAW.
  7.  PAYMENT  OF  CO-STAR  REBATES.  THE  COMMISSIONER  OF TAXATION AND
FINANCE SHALL PAY CO-STAR REBATES IN THE MANNER PROVIDED BY SECTION  ONE
HUNDRED SEVENTY-SEVEN-A OF THE TAX LAW.
  8.  FAILURE  TO  PAY  COUNTY TAXES. IF THE COUNTY TAXES ON AN ELIGIBLE
PARCEL ARE NOT PAID IN FULL DURING THE APPLICABLE  COUNTY  FISCAL  YEAR,
THE  OWNER-APPLICANT  OR OWNER-APPLICANTS SHALL BE SUBJECT TO THE CONSE-
QUENCES  SPECIFIED  IN  SUBDIVISION  FIVE   OF   SECTION   ONE   HUNDRED
SEVENTY-SEVEN-A  OF  THE TAX LAW, IN ADDITION TO SUCH OTHER CONSEQUENCES
AS MAY BE PROVIDED BY LAW.
  9. EXCEPTIONS. (A) COOPERATIVE APARTMENT UNITS AND MOBILE HOMES.  WHEN
A STAR EXEMPTION IS GRANTED PURSUANT TO PARAGRAPH (K) OF SUBDIVISION TWO
OF SECTION FOUR HUNDRED TWENTY-FIVE OF THIS TITLE IN RELATION TO A COOP-
ERATIVE APARTMENT UNIT, OR PURSUANT TO PARAGRAPH (L) OF SUCH SUBDIVISION
IN RELATION TO A MOBILE HOME WHICH IS SEPARATELY OWNED FROM BUT ASSESSED
WITH  THE  LAND  ON  WHICH IT IS LOCATED, AND SUCH COOPERATIVE APARTMENT
UNIT OR MOBILE HOME IS ALSO ELIGIBLE FOR A CO-STAR  ASSESSMENT  PURSUANT
TO THIS SECTION, THE CO-STAR REBATE SHALL BE PAID DIRECTLY TO THE QUALI-
FIED  OWNER-APPLICANT  OR OWNER-APPLICANTS NOTWITHSTANDING THE FACT THAT
THE STAR EXEMPTION APPLIES TO THE  PARCEL  ITSELF.  THE  ASSESSOR  SHALL
PREPARE  A  LIST  OR  DATA  FILE  IDENTIFYING  SUCH  OWNER-APPLICANT  OR
OWNER-APPLICANTS, THEIR MAILING  ADDRESSES,  AND  THE  TAXABLE  ASSESSED
VALUE  FOR  COUNTY PURPOSES ATTRIBUTABLE TO THEIR RESPECTIVE COOPERATIVE
APARTMENT UNITS OR MOBILE HOMES,  AND  SHALL  SUBMIT  THE  SAME  TO  THE
COMMISSIONER  WITHIN  THIRTY  DAYS  AFTER  THE  COMPLETION  OF THE FINAL
ASSESSMENT ROLL. SUCH LIST OR DATA FILE SHALL BE PREPARED IN  SUCH  FORM
AND MANNER AS MAY BE PRESCRIBED BY THE COMMISSIONER IN CONSULTATION WITH
THE DEPARTMENT OF TAXATION AND FINANCE.
  (B) COUNTIES IN CERTAIN CITIES. IN THE CASE OF A COUNTY LOCATED WHOLLY
WITHIN  A CITY WITH A POPULATION OF ONE MILLION OR MORE INHABITANTS, THE
CO-STAR ASSESSMENT ASSOCIATED WITH EACH ELIGIBLE PARCEL SHALL  BE  EQUAL

S. 3874                             5

TO  FIFTY  PERCENT  OF  THE EXEMPT AMOUNT DETERMINED FOR PURPOSES OF THE
BASIC STAR EXEMPTION AUTHORIZED BY SECTION FOUR HUNDRED  TWENTY-FIVE  OF
THIS  TITLE FOR SUCH CITY AFTER THE ADJUSTMENT REQUIRED BY PARAGRAPH (J)
OF SUBDIVISION TWO OF SUCH SECTION.
  10.  CORRECTION  OF  AN  INCORRECT  ENTRY.    AN INCORRECT ENTRY ON AN
ASSESSMENT ROLL OF A CO-STAR ASSESSMENT MAY BE CORRECTED IN  THE  MANNER
PROVIDED  BY  LAW  FOR  THE CORRECTION OF AN INCORRECT ENTRY OF THE STAR
EXEMPTION AUTHORIZED BY SECTION FOUR HUNDRED TWENTY-FIVE OF THIS  TITLE.
A  DENIAL OF A CO-STAR ASSESSMENT SHALL BE SUBJECT TO ADMINISTRATIVE AND
JUDICIAL REVIEW IN THE MANNER PROVIDED BY LAW FOR THE REVIEW OF  ASSESS-
MENTS.
  11. INCONSISTENT LAWS SUPERSEDED. THE PROVISIONS OF THIS SECTION SHALL
APPLY  TO  ALL  ASSESSING  UNITS,  EXCLUDING VILLAGE ASSESSING UNITS AND
CITIES WITHIN A COUNTY ASSESSING UNIT, AND  TO  ALL  COUNTIES,  NOTWITH-
STANDING ANY PROVISION OF LAW TO THE CONTRARY.
  S  2.  The tax law is amended by adding a new section 177-a to read as
follows:
  S 177-A. CO-STAR TAX REBATES. 1. PAYMENT OF REBATES. THE  COMMISSIONER
SHALL PAY CO-STAR TAX REBATES, AS PROVIDED IN SECTION FOUR HUNDRED TWEN-
TY-FIVE-B  AND  SECTION  FOUR HUNDRED TWENTY-FIVE-C OF THE REAL PROPERTY
TAX LAW, TO AUTHORIZED PAYEES AS DEFINED IN THIS SECTION.  THE AMOUNT OF
EACH SUCH REBATE SHALL EQUAL THE CO-STAR ASSESSMENT ASSOCIATED WITH  THE
PARCEL  IN  QUESTION  MULTIPLIED BY THE APPLICABLE COUNTY TAX RATE. SUCH
PAYMENTS SHALL BE MADE AS PROMPTLY AS POSSIBLE FOLLOWING RECEIPT OF  THE
PAYEE  IDENTIFICATION  AND  OTHER INFORMATION SPECIFIED IN THIS SECTION,
SUBJECT TO APPROPRIATION BY  THE  STATE  LEGISLATURE.  THE  COMMISSIONER
SHALL  DESIGN, DEVELOP AND IMPLEMENT A PROCESS TO REVIEW THE QUALITY AND
INTEGRITY OF THE CO-STAR INFORMATION IN HIS OR HER POSSESSION.
  2. AUTHORIZED PAYEES; MAILING ADDRESSES. (A) FOR EACH ELIGIBLE PROPER-
TY, THE CO-STAR REBATE SHALL BE PAID TO THE QUALIFIED OWNER-APPLICANT OR
OWNER-APPLICANTS, OR HIS, HER OR THEIR PAYMENT DESIGNEE OR DESIGNEES, IF
ANY. IN THE CASE OF CO-STAR ASSESSMENTS GRANTED PURSUANT TO SECTION FOUR
HUNDRED TWENTY-FIVE-B OF  THE  REAL  PROPERTY  TAX  LAW,  THE  QUALIFIED
OWNER-APPLICANT OR OWNER-APPLICANTS SHALL BE THE SENIOR CITIZEN OR CITI-
ZENS WHO APPLIED FOR, AND WERE FOUND TO SATISFY THE REQUIREMENTS OF, THE
ENHANCED  STAR  EXEMPTION AUTHORIZED BY SECTION FOUR HUNDRED TWENTY-FIVE
OF THE REAL PROPERTY TAX LAW.  IN THE CASE OF CO-STAR ASSESSMENTS GRANT-
ED PURSUANT TO SECTION FOUR HUNDRED TWENTY-FIVE-C OF THE  REAL  PROPERTY
TAX  LAW, THE QUALIFIED OWNER-APPLICANT OR OWNER-APPLICANTS SHALL BE THE
ELIGIBLE FARMER OR FARMERS WHO APPLIED FOR, AND WERE  FOUND  TO  SATISFY
THE  REQUIREMENTS  OF, THE CO-STAR ASSESSMENT AUTHORIZED BY SECTION FOUR
HUNDRED TWENTY-FIVE-C OF THE REAL PROPERTY TAX LAW.
  (B) THE CO-STAR REBATE SHALL BE MAILED TO THE MAILING ADDRESS PROVIDED
EITHER ON THE APPLICATION FORM FOR THE ENHANCED STAR EXEMPTION SUBMITTED
PURSUANT TO SECTION FOUR HUNDRED TWENTY-FIVE OF THE  REAL  PROPERTY  TAX
LAW,  OR  ON  THE CO-STAR APPLICATION FORM SUBMITTED PURSUANT TO SECTION
FOUR HUNDRED TWENTY-FIVE-C OF THE REAL PROPERTY TAX LAW, AS THE CASE MAY
BE, OR AS OTHERWISE RELIABLY OBTAINED BY THE DEPARTMENT.
  3. REPORTING OF DATA TO DEPARTMENT. (A) WHEN DEVELOPING OR MAINTAINING
ITS DATA BASE FOR PURPOSES OF ADMINISTERING ITS  RESPONSIBILITIES  UNDER
THIS  SECTION, THE DEPARTMENT SHALL UTILIZE TO THE MAXIMUM EXTENT POSSI-
BLE DATA EXTRACTED FROM THE ASSESSMENT ROLL DATA FILES SUBMITTED TO  THE
COMMISSIONER PURSUANT TO ARTICLE FIFTEEN-C OF THE REAL PROPERTY TAX LAW.
ON  OR BEFORE NOVEMBER FIRST OF EACH YEAR, THE COMMISSIONER SHALL ASCER-
TAIN FROM SUCH DATA FILES, THE IDENTIFICATION  NUMBERS  OF  THE  PARCELS
DESIGNATED THEREON AS ELIGIBLE FOR CO-STAR ASSESSMENTS, THE NAMES OF THE

S. 3874                             6

OWNERS  OF  EACH  SUCH PARCEL AS APPEARING THEREON, THE TAXABLE ASSESSED
VALUE FOR COUNTY PURPOSES OF EACH SUCH PARCEL AS APPEARING THEREON,  AND
THE ASSESSING UNIT IN WHICH EACH SUCH PARCEL IS LOCATED.
  (B)  FOR  PURPOSES  OF  ADMINISTERING  ITS RESPONSIBILITIES UNDER THIS
SECTION IN RELATION TO COOPERATIVE APARTMENT UNITS AND MOBILE HOMES, THE
DEPARTMENT SHALL ALSO UTILIZE DATA EXTRACTED FROM  THE  LISTS  AND  DATA
FILES  SUBMITTED  TO THE COMMISSIONER BY ASSESSORS PURSUANT TO PARAGRAPH
(A) OF SUBDIVISION SIX OF SECTION FOUR HUNDRED TWENTY-FIVE-B OF THE REAL
PROPERTY TAX LAW AND PARAGRAPH (A) OF SUBDIVISION NINE OF  SECTION  FOUR
HUNDRED TWENTY-FIVE-C OF THE REAL PROPERTY TAX LAW.  ON OR BEFORE NOVEM-
BER FIRST OF EACH YEAR, THE COMMISSIONER SHALL ASCERTAIN FROM SUCH LISTS
AND DATA FILES, THE NAMES AND ADDRESSES OF THE OWNER-APPLICANTS AS SHOWN
THEREON,  THEIR MAILING ADDRESSES AS SHOWN THEREON, THE TAXABLE ASSESSED
VALUE FOR COUNTY PURPOSES ATTRIBUTABLE TO THEIR  RESPECTIVE  COOPERATIVE
APARTMENT  UNITS  OR  MOBILE HOMES, AND THE ASSESSING UNIT IN WHICH EACH
SUCH COOPERATIVE APARTMENT UNIT OR MOBILE HOME IS LOCATED.
  (C) THE COUNTY TREASURER OF EACH COUNTY SHALL CERTIFY TO  THE  COMMIS-
SIONER,  NO  LATER  THAN  THE THIRTY-FIRST DAY OF JANUARY OF EACH COUNTY
FISCAL YEAR, THE COUNTY TAX RATES APPLICABLE TO EACH CITY AND TOWN WITH-
IN THE COUNTY FOR THAT FISCAL YEAR. IN THE  CASE  OF  A  COUNTY  LOCATED
WHOLLY  WITHIN  A CITY WITH A POPULATION OF ONE MILLION OR MORE INHABIT-
ANTS, THE COMMISSIONER OF FINANCE OF SUCH CITY SHALL MAKE  SUCH  CERTIF-
ICATION;  PROVIDED THAT THE TAX RATE TO BE PROVIDED THEREUNDER, AND USED
TO COMPUTE CO-STAR REBATES PURSUANT TO THIS SECTION, SHALL BE A  COMPOS-
ITE OF THE TAX RATES FOR BOTH CITY AND SCHOOL DISTRICT PURPOSES.
  (D)  IN ADDITION TO RECEIVING DATA PURSUANT TO PARAGRAPHS (A), (B) AND
(C) OF THIS SUBDIVISION, THE DEPARTMENT MAY ENTER INTO  AGREEMENTS  WITH
LOCAL  ASSESSORS,  WITH  COUNTY  TREASURERS, OR WITH SOME OR ALL OF SUCH
PARTIES, FOR THE REPORTING TO THE DEPARTMENT OF SUCH OTHER DATA  AS  MAY
BE  REQUIRED  FOR  ITS ADMINISTRATION OF THE CO-STAR TAX REBATE PROGRAM.
NOTHING CONTAINED IN THIS SECTION SHALL BE  CONSTRUED  TO  PRECLUDE  THE
DEPARTMENT FROM COLLECTING DIRECTLY FROM PUTATIVE PAYEES SUCH DATA AS IT
SHALL DEEM APPROPRIATE.
  (E)  INFORMATION PROVIDED TO OR PREPARED BY THE DEPARTMENT PURSUANT TO
THIS SECTION SHALL NOT BE USED FOR ANY PURPOSE OTHER THAN ADMINISTRATION
OF THE CO-STAR PROGRAM, AND SUCH INFORMATION SHALL  NOT  BE  REDISCLOSED
OTHER  THAN  FOR THE PURPOSE OF ADMINISTERING SUCH PROGRAM NOR SHALL THE
PROVISIONS OF ARTICLE SIX OF THE PUBLIC OFFICERS LAW APPLY TO  ANY  SUCH
INFORMATION.
  4.  LIMITATIONS.  PAYMENT OF A REBATE UPON THE INFORMATION PROVIDED TO
IT, OR DENIAL OF OR FAILURE TO PAY A REBATE BASED ON  SUCH  INFORMATION,
SHALL  RELIEVE THE COMMISSIONER AND THE DEPARTMENT FROM ALL LIABILITY TO
ANY OWNER OF THE PROPERTY, OR THE ESTATE,  TRUST,  ASSIGNS,  SUCCESSORS,
HEIRS  OR  REPRESENTATIVES  OF ANY SUCH OWNER, OR ANY OTHER PERSON, WITH
RESPECT TO SUCH PAYMENT,  AND  SUCH  PERSONS  SHALL  HAVE  NO  RIGHT  TO
COMMENCE  A  COURT  ACTION  OR PROCEEDING OR TO ANY OTHER LEGAL RECOURSE
AGAINST THE STATE, THE COMMISSIONER, THE DEPARTMENT, OR ANY  OFFICER  OR
EMPLOYEE  OF STATE OR LOCAL GOVERNMENT INVOLVED IN THE ADMINISTRATION OF
THIS PROGRAM, TO RECOVER SUCH PAYMENT.
  5. FAILURE TO PAY COUNTY TAXES. (A) AFTER THE CONCLUSION OF EACH COUN-
TY FISCAL YEAR, THE COUNTY TREASURER OF EACH COUNTY SHALL SUBMIT TO  THE
COMMISSIONER  A  LIST  IDENTIFYING ALL PARCELS WITH RESPECT TO WHICH THE
COUNTY TAXES FOR THAT FISCAL YEAR REMAINED UNPAID AS OF THE END OF  THAT
FISCAL YEAR. IN THE CASE OF A COUNTY LOCATED WHOLLY WITHIN A CITY WITH A
POPULATION  OF  ONE  MILLION  OR  MORE  INHABITANTS,  SUCH LIST SHALL BE
SUBMITTED BY THE COMMISSIONER OF FINANCE OF SUCH CITY AND SHALL IDENTIFY

S. 3874                             7

ALL PARCELS WITH RESPECT TO WHICH THE CITY TAXES FOR  THAT  FISCAL  YEAR
REMAINED  UNPAID  AS  OF THE END OF THAT FISCAL YEAR. SUCH LIST SHALL BE
SUBMITTED TO THE COMMISSIONER WHEN SUBMITTING THE  REPORT  DESCRIBED  IN
PARAGRAPH (C) OF SUBDIVISION THREE OF THIS SECTION.
  (B)  UPON  RECEIVING  SUCH A LIST, THE COMMISSIONER SHALL WITHHOLD ANY
FUTURE CO-STAR REBATE PAYMENTS TO THE OWNER-APPLICANTS  IN  RELATION  TO
ANY  PARCELS ON THE LIST UNTIL RECEIVING CONFIRMATION THAT ALL OUTSTAND-
ING COUNTY TAXES ON THE PARCEL IN QUESTION HAVE BEEN PAID  IN  FULL.  IT
SHALL  BE  THE  RESPONSIBILITY  OF  THE  OWNER-APPLICANT  TO OBTAIN SUCH
CONFIRMATION IN WRITING FROM THE COUNTY TREASURER, AND  TO  PROVIDE  THE
SAME TO THE DEPARTMENT IN SUCH MANNER AS THE COMMISSIONER MAY PRESCRIBE.
AFTER  RECEIVING  SUCH  CONFIRMATION, ANY WITHHELD REBATES FOR WHICH THE
OWNER-APPLICANT IS ELIGIBLE AND HAS TIMELY APPLIED SHALL BE RELEASED AND
FUTURE REBATE PAYMENTS MAY BE MADE, SUBJECT TO CONTINUED ELIGIBILITY AND
CONTINUOUS PAYMENT OF FUTURE COUNTY TAXES.  NO INTEREST SHALL BE PAID OR
PAYABLE ON ANY WITHHELD REBATES THAT ARE SO RELEASED.  THE  COMMISSIONER
MAY  SCHEDULE  THE  PROCESSING  OF  REQUESTS FOR THE RELEASE OF WITHHELD
REBATES SO AS TO ALLOW PAYMENTS TO BE COLLECTIVELY AUTHORIZED  FOR  THIS
PURPOSE NO MORE FREQUENTLY THAN TWICE PER CALENDAR YEAR.
  (C)  IF  SUCH  CONFIRMATION IS NOT RECEIVED WITHIN A TIME PERIOD TO BE
DETERMINED BY THE COMMISSIONER, THE COMMISSIONER MAY REVOKE THE  CO-STAR
REBATE  FOR  THE  COUNTY FISCAL YEAR IDENTIFIED IN PARAGRAPH (A) OF THIS
SUBDIVISION AND RECAPTURE THE APPLICABLE AMOUNT IN THE MANNER PRESCRIBED
BY SUBDIVISION SEVEN OF THIS SECTION.
  6. ERRONEOUS REBATES; REPLACEMENT CHECKS. THE COMMISSIONER MAY, IN HIS
OR HER DISCRETION, SEEK TO RECOVER ANY ERRONEOUS REBATE BY NOTIFYING THE
PAYEE OF THE AMOUNT THEREOF. IF SUCH ERRONEOUS REBATE  IS  NOT  RETURNED
WITHIN  THIRTY DAYS, THE COMMISSIONER IS AUTHORIZED TO TREAT THE ERRONE-
OUS REBATE AS  AN  ERRONEOUS  REFUND  OF  INCOME  TAX  PURSUANT  TO  THE
PROVISIONS  OF  PARAGRAPH  FIVE OF SUBSECTION (C) OF SECTION SIX HUNDRED
EIGHTY-THREE OF THIS CHAPTER AND SUCH AMOUNTS, WHEN COLLECTED, SHALL  BE
DEPOSITED  AS  PROVIDED IN SUBDIVISION ONE OF SECTION ONE HUNDRED SEVEN-
TY-ONE-A OF THIS ARTICLE, AS IF SUCH AMOUNTS WERE TAXES COLLECTED  UNDER
AN  ARTICLE  OF  THIS CHAPTER REFERRED TO IN SUCH SUBDIVISION. WHERE THE
COMMISSIONER FINDS THAT AN ORIGINAL REBATE CHECK  HAS  BEEN  MISDIRECTED
FOR  REASONS  BEYOND  THE CONTROL OF THE AUTHORIZED PAYEE, HE OR SHE MAY
ISSUE A NEW REBATE CHECK TO THE AUTHORIZED PAYEE.
  7. REGULATIONS. THE COMMISSIONER SHALL  BE  AUTHORIZED  TO  MAKE  SUCH
RULES  AND REGULATIONS AS MAY BE DEEMED NECESSARY FOR THE PERFORMANCE OF
HIS OR HER DUTIES UNDER THIS SECTION, INCLUDING BUT NOT LIMITED TO RULES
AND REGULATIONS RELATING TO STANDARDS AND PROCEDURES FOR FURNISHING DATA
TO THE DEPARTMENT.
  S 3. Processing of Co-STAR assessments  for  senior  citizens  on  the
assessment  roll. (a) Notwithstanding the provisions of section 425-b of
the real property tax law, as added by section one of this act,  parcels
which  are  eligible  for  Co-STAR  assessments pursuant to such section
shall not be designated as such on the 2012  assessment  roll.  In  lieu
thereof, upon receipt of the 2012 assessment roll data file submitted to
it  pursuant  to  section 1590 of the real property tax law, the commis-
sioner of taxation and finance shall identify the parcels thereon  which
are receiving the enhanced STAR exemption pursuant to section 425 of the
real  property  tax  law, shall ascertain the taxable assessed value for
county purposes of each such parcel, and shall forward such  information
to  the  department  of  taxation and finance, together with the maximum
allowable Co-STAR assessments for each assessing unit.

S. 3874                             8

  (b) Notwithstanding the provisions of section 177-a of the tax law, as
added by section two of this act, for purposes  of  issuing  rebates  of
county  taxes  for the county fiscal year beginning in 2013, the depart-
ment of taxation and finance may presume that the qualified owner-appli-
cant  or  owner-applicants  were  the property owner or owners as of the
applicable taxable status date, as shown on  the  assessment  roll  data
file  filed  with  the  commissioner of taxation and finance pursuant to
article 15-C of the real property tax law, and may further presume  that
the appropriate mailing addresses are the owners' addresses shown there-
on.
  (c)  When property which is eligible for a Co-STAR assessment pursuant
to this section constitutes a cooperative apartment  unit  or  a  mobile
home  which is subject to the provisions of paragraph (a) of subdivision
6 of section 425-b of the real property tax law, as added by section one
of this act, the assessor shall not be required to file the list or data
file required by such paragraph until  the  one  hundred  twentieth  day
after  the  effective date of this act, notwithstanding any provision in
such subdivision to the contrary.
  S 3-a. Processing of Co-STAR assessments for farmers assessment  roll.
(a)  Application  period for 2013.  Notwithstanding any provision of law
to the contrary, eligible farmers may submit  applications  for  Co-STAR
assessments  pursuant  to section 425-c of the real property tax law, as
added by section one of this act, on the 2013 assessment roll until  the
ninetieth  day  after  the  effective date of this act. Each assessor is
hereby authorized and directed to review and grant such applications  as
appropriate no later than the one hundred twentieth day after the effec-
tive date of this act. Provided, however, that in lieu of making entries
directly on the 2013 assessment roll, the assessor shall prepare a sepa-
rate list or data file identifying the eligible parcels in such form and
manner as may be prescribed by the commissioner of taxation and finance.
No  later than the one hundred twentieth day after the effective date of
this act, the assessor shall forward such  list  or  data  file  to  the
department  of taxation and finance, together with the maximum allowable
Co-STAR assessment for each assessing unit.
  (b) Notice and review of denial for  2013.    If  an  assessor  should
determine  that a Co-STAR application submitted pursuant to this section
should be denied, he or she shall so notify the applicant  by  certified
mail,  return receipt requested, no later than the one hundred twentieth
day after the effective date of this act.  No later than 10  days  after
the  mailing  of such notice, the applicant may file a written complaint
with the assessor. The provisions of section 553 of  the  real  property
tax  law  shall  apply to the extent practicable to the review of such a
complaint.
  (c) For 2014 notwithstanding the provisions of section  177-a  of  the
tax  law,  as  added by section two of this act, for purposes of issuing
rebates of county taxes for the county fiscal year  beginning  in  2014,
the  department  of  taxation and finance may presume that the qualified
owner-applicant or owner-applicants were the property owner or owners as
of the applicable taxable status date, as shown on the  assessment  roll
data  file  filed with the commissioner of taxation and finance pursuant
to article 15-C of the real property tax law, or on  the  list  or  data
file  forwarded to such commissioner pursuant to subdivision (a) of this
section, and may further presume that the appropriate mailing  addresses
are the owners' addresses shown thereon.
  (d)  When property which is eligible for a Co-STAR assessment pursuant
to this section constitutes a cooperative apartment  unit  or  a  mobile

S. 3874                             9

home  which is subject to the provisions of paragraph (a) of subdivision
9 of section 425-c of the real property tax law, as added by section one
of this act, the assessor shall not be required to file the list or data
file  required  by  such  paragraph  until the one hundred twentieth day
after the effective date of this act, notwithstanding any  provision  in
such subdivision to the contrary.
  S  4. Subsection (e) of section 1310 of the tax law, as added by chap-
ter 481 of the laws of 1997, is relettered  subsection  (g)  and  a  new
subsection (h) is added to read as follows:
  (H)  CITY  CO-STAR  CREDIT.  (1) FOR TAXABLE YEARS BEGINNING AFTER TWO
THOUSAND THIRTEEN, A CITY CO-STAR CREDIT SHALL BE ALLOWED FOR  TAXPAYERS
WHO  HAVE  ATTAINED  THE AGE OF SIXTY-FIVE ON OR BEFORE THE CLOSE OF THE
TAXABLE YEAR. THE CREDIT SHALL BE ALLOWED AGAINST THE  TAXES  AUTHORIZED
BY THIS ARTICLE REDUCED BY THE CREDITS PERMITTED BY THIS ARTICLE. IF THE
CREDIT  EXCEEDS THE TAX AS SO REDUCED, THE TAXPAYER MAY RECEIVE, AND THE
COMPTROLLER, SUBJECT TO A CERTIFICATE OF THE COMMISSIONER, SHALL PAY  AS
AN  OVERPAYMENT,  WITHOUT  INTEREST,  THE  AMOUNT  OF  SUCH  EXCESS. FOR
PURPOSES OF THIS SUBSECTION, NO CREDIT SHALL BE GRANTED TO AN INDIVIDUAL
WITH RESPECT TO WHOM A DEDUCTION UNDER SUBSECTION  (C)  OF  SECTION  ONE
HUNDRED  FIFTY-ONE  OF THE INTERNAL REVENUE CODE IS ALLOWABLE TO ANOTHER
TAXPAYER FOR THE TAXABLE YEAR.
  (2) THE CREDIT SHALL BE DETERMINED UNDER THIS PARAGRAPH.
  (A) MARRIED INDIVIDUALS FILING JOINT RETURNS AND SURVIVING SPOUSES. IN
THE CASE OF A HUSBAND AND WIFE WHO MAKE A SINGLE RETURN JOINTLY AND OF A
SURVIVING SPOUSE:
  FOR TAXABLE YEARS TWO THOUSAND THIRTEEN AND AFTER THE CREDIT SHALL  BE
ONE HUNDRED TWENTY DOLLARS.
  (B)  ALL  OTHERS.  IN THE CASE OF AN UNMARRIED INDIVIDUAL, A HEAD OF A
HOUSEHOLD OR A MARRIED INDIVIDUAL FILING A SEPARATE RETURN:
  FOR TAXABLE YEARS TWO THOUSAND THIRTEEN AND AFTER THE CREDIT SHALL  BE
SIXTY DOLLARS.
  S  5. Subdivision (c) of section 11-1706 of the administrative code of
the city of New York, as added by chapter 481 of the laws  of  1997,  is
relettered subdivision (f) and a new subdivision (g) is added to read as
follows:
  (G)  CITY  CO-STAR  CREDIT.  (1) FOR TAXABLE YEARS BEGINNING AFTER TWO
THOUSAND THIRTEEN, A CITY CO-STAR CREDIT SHALL BE ALLOWED FOR  TAXPAYERS
WHO  HAVE  ATTAINED  THE AGE OF SIXTY-FIVE ON OR BEFORE THE CLOSE OF THE
TAXABLE YEAR. THE CREDIT SHALL BE ALLOWED AGAINST THE TAXES  IMPOSED  BY
THIS  CHAPTER  REDUCED  BY THE CREDITS PERMITTED BY THIS CHAPTER. IF THE
CREDIT EXCEEDS THE TAX AS SO REDUCED, THE TAXPAYER MAY RECEIVE, AND  THE
STATE COMPTROLLER, SUBJECT TO A CERTIFICATE OF THE STATE COMMISSIONER OF
TAXATION AND FINANCE, SHALL PAY AS AN OVERPAYMENT, WITHOUT INTEREST, THE
AMOUNT OF SUCH EXCESS. FOR PURPOSES OF THIS SUBDIVISION, NO CREDIT SHALL
BE  GRANTED  TO  AN  INDIVIDUAL  WITH  RESPECT TO WHOM A DEDUCTION UNDER
SUBSECTION (C) OF SECTION ONE HUNDRED FIFTY-ONE OF THE INTERNAL  REVENUE
CODE IS ALLOWABLE TO ANOTHER TAXPAYER FOR THE TAXABLE YEAR.
  (2) THE CREDIT SHALL BE DETERMINED UNDER THIS PARAGRAPH.
  (A) MARRIED INDIVIDUALS FILING JOINT RETURNS AND SURVIVING SPOUSES. IN
THE CASE OF A HUSBAND AND WIFE WHO MAKE A SINGLE RETURN JOINTLY AND OF A
SURVIVING SPOUSE:
  FOR  TAXABLE YEARS TWO THOUSAND THIRTEEN AND AFTER THE CREDIT SHALL BE
ONE HUNDRED TWENTY DOLLARS.
  (B) ALL OTHERS. IN THE CASE OF AN UNMARRIED INDIVIDUAL, A  HEAD  OF  A
HOUSEHOLD OR A MARRIED INDIVIDUAL FILING A SEPARATE RETURN:

S. 3874                            10

  FOR  TAXABLE YEARS TWO THOUSAND THIRTEEN AND AFTER THE CREDIT SHALL BE
SIXTY DOLLARS.
  S  6.  The  state finance law is amended by adding a new section 85 to
read as follows:
  S 85. CO-STAR FUND. 1. THERE IS HEREBY ESTABLISHED IN THE SOLE CUSTODY
OF THE COMMISSIONER OF TAXATION AND FINANCE A SPECIAL FUND TO  BE  KNOWN
AS THE CO-STAR FUND.
  2. SUCH FUND SHALL CONSIST OF ALL MONIES CREDITED OR TRANSFERRED THER-
ETO  FROM THE GENERAL FUND OR FROM ANY OTHER FUND OR SOURCES PURSUANT TO
LAW.
  3. THE MONIES OF THE FUND SHALL BE AVAILABLE FOR  PAYMENT  OF  CO-STAR
REBATES  AUTHORIZED  BY  SECTION  ONE HUNDRED SEVENTY-SEVEN-A OF THE TAX
LAW, AND NOTWITHSTANDING ANY OTHER PROVISION OF LAW, SHALL BE  PAID  OUT
ON  CHECKS  ISSUED AND SIGNED SOLELY BY THE COMMISSIONER OF TAXATION AND
FINANCE.
  S 7. This act shall take effect immediately, provided, however:
  (a) Section one of this act shall apply to assessment rolls  filed  in
2014 and thereafter; and
  (b)  Section two of this act shall apply to county fiscal years begin-
ning in 2015 and thereafter.