NY State Senate Bill 2015-S2017

Archive: Last Bill Status - In Senate Committee Aging Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 06, 2016	referred to aging
Jan 21, 2015	referred to aging

co-Sponsors

2015-S2017 (ACTIVE) - Details

Current Committee:: Senate Aging
Law Section:: Real Property Tax Law
Laws Affected:: Amd §425, RPT L
Versions Introduced in 2017-2018 Legislative Session:: S1168

2015-S2017 (ACTIVE) - Summary

Amends the school tax relief (STAR) exemption base figure to be on a sliding scale determined by affiliated income; amends the maximum amount for the parcel's affiliated income from five hundred thousand dollars to three hundred thousand dollars.

2015-S2017 (ACTIVE) - Sponsor Memo

                                BILL NUMBER:S2017

TITLE OF BILL:

An act to amend the real property tax law, in relation to the school
tax relief (STAR) exemption

PURPOSE:

To lower the income limitation in order to qualify for the school tax
relief (STAR) program and implement a progressive base exemption
amount based on income.

SUMMARY OF PROVISIONS:

Section 1. Amends clause (B) of subparagraph (vi) of paragraph (b) of
subdivision 2 of section 425 of the real property tax law to provide
an increasing STAR base exemption based on income. The existing
$30,000 base exemption is retained for those with incomes of more than
$200,000 but less than $300,000. The base exemption would increase to
$40,000 for those whose incomes are more than $100,000 but less than
$200,000, and would increase further to $50,000 for those whose
incomes are less than $100,000.

Section 2. Amends paragraph (b-1) of subdivision 3 of section 425 of
the real property tax law to reduce the income limitation to qualify

for the STAR program from $500,000 to $300,000.

Section 3. Effective date.

JUSTIFICATION:

New York state has some of the highest property taxes in the nation,
and more and more middle class New Yorkers are struggling to afford to
stay in their homes. The STAR program provides New Yorkers with
important relief from those property taxes but, other than the
imposition in 2010 of an income limit to qualify for the program, the
program has remained essentially the same since its inception. Over
the years, however, the value of the STAR benefit has been diminished
by ever rising property tax rates, and the time has come for a
reevaluation of the program. By reducing the income limit to qualify
for the program and providing an increasing base exemption amount
based on income, the state can better target the relief provided by
the STAR program to those New Yorkers who are most in need.

LEGISLATIVE HISTORY:

New bill.

FISCAL IMPLICATIONS:

To be determined.

EFFECTIVE DATE:

This act shall take effect immediately.

2015-S2017 (ACTIVE) - Bill Text download pdf

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

                                  2017

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 21, 2015
                               ___________

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 the school tax
  relief (STAR) exemption

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

  Section  1. Clause (B) of subparagraph (vi) of paragraph (b) of subdi-
vision 2 of section 425 of the  real  property  tax  law,  as  added  by
section  1  of part D-1 of chapter 57 of the laws of 2007, is amended to
read as follows:
  (B) The base figure for the basic  STAR  exemption  shall  be  [thirty
thousand dollars.] IN ACCORDANCE WITH THE FOLLOWING SCHEDULE:

AFFILIATED INCOME, PURSUANT
TO PARAGRAPH (B-1) OF
SUBDIVISION 3 OF THIS SECTION                     BASE FIGURE

MORE THAN $200,000 BUT
  LESS THAN $300,000                              $30,000
MORE THAN $100,000 BUT
  LESS THAN $200,000                              $40,000
LESS THAN $100,000                                $50,000

  S 2. Paragraph (b-1) of subdivision 3 of section 425 of the real prop-
erty tax law, as added by section 1 of part FF of chapter 57 of the laws
of 2010, is amended to read as follows:
  (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]
THREE  hundred  thousand  dollars,  as determined by the commissioner of
taxation and finance pursuant to section one  hundred  seventy-one-u  of

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03509-01-5

S. 2017                             2

the  tax law, in order to be eligible for the basic exemption authorized
by this section. As used herein, the term "affiliated income" shall mean
the combined income of all of the  owners  of  the  parcel  who  resided
primarily  thereon  on  the  applicable  taxable status date, and of any
owners' spouses residing primarily  thereon.  For  exemptions  on  final
assessment  rolls  to be used for the levy of taxes for the two thousand
eleven-two thousand twelve  school  year,  affiliated  income  shall  be
determined  based  upon  the  parties'  incomes  for the income tax year
ending in two thousand nine. In each subsequent school year, the  appli-
cable  income  tax year shall be advanced by one year. The term "income"
as used herein shall have the same meaning as  in  subdivision  four  of
this section.
  S 3. This act shall take effect immediately.

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Senate Bill S2017

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Archive: Last Bill Status - In Senate Committee Aging Committee

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co-Sponsors

2015-S2017 (ACTIVE) - Details

2015-S2017 (ACTIVE) - Summary

2015-S2017 (ACTIVE) - Sponsor Memo

2015-S2017 (ACTIVE) - Bill Text download pdf

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Sponsored By

David Carlucci

Archive: Last Bill Status - In Senate Committee Aging Committee

Actions

co-Sponsors

George Latimer

2015-S2017 (ACTIVE) - Details

2015-S2017 (ACTIVE) - Summary

2015-S2017 (ACTIVE) - Sponsor Memo

2015-S2017 (ACTIVE) - Bill Text download pdf

Comments