Senate Bill S3233A

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

                                 3233--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 3, 2015
                               ___________

Introduced  by  Sen.  ORTT  --  read twice and ordered printed, and when
  printed to be committed to the Committee on Veterans, Homeland Securi-
  ty and Military Affairs -- committee discharged, bill amended, ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the real property tax law, in relation to  the  computa-
  tion of real property tax liability of veterans receiving an exemption

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

  Section 1.  Paragraph (a) of subdivision 5 of section 458 of the  real
property  tax  law, as amended by chapter 625 of the laws of 1995 and as
further amended by subdivision (b) of section 1 of Part W of chapter  56
of the laws of 2010, is amended to read as follows:
  (a)   Notwithstanding  the  limitation  on  the  amount  of  exemption
prescribed in subdivision one or two of this section, upon adoption of a
local law by the governing board of a county, city, town or village that
levies taxes or for which taxes are levied on an assessment roll, if the
total assessed value of the real property for which such  exemption  has
been  granted  increases  or decreases as the result of a revaluation or
update of assessments, and a material change in level of assessment,  as
provided  in  title  two of article twelve of this chapter, is certified
for the assessment roll pursuant to the rules of the  commissioner,  the
[assessor  shall]  GOVERNING BOARD OF SUCH COUNTY, CITY, TOWN OR VILLAGE
MAY, BY LOCAL LAW, DIRECT THE  ASSESSOR  TO  increase  or  decrease  the
amount  of such exemption by multiplying the amount of such exemption by
the change in level of assessment factor; OR  SUCH  GOVERNING  BODY  MAY
PROVIDE  THAT  THERE  SHALL BE NO CHANGE TO THE AMOUNT OF SUCH EXEMPTION
AND SHALL DIRECT THE ASSESSOR TO RECOMPUTE THE EXEMPTION TO MAINTAIN THE
AMOUNT OF REAL PROPERTY TAX LIABILITY FOR SUCH PARCEL ESTABLISHED BY THE
ASSESSMENT ROLL PREPARED ON THE BASIS OF THE TAXABLE STATUS DATE  OCCUR-
RING  IMMEDIATELY  PRIOR TO SUCH REVALUATION, REASSESSMENT OR UPDATE. If
the assessor receives the certification after the completion,  verifica-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01631-02-5
              

S. 3233--A                          2

tion and filing of the final assessment roll, the assessor shall certify
the  amount of exemption as recomputed pursuant to this paragraph to the
local officers having custody and control of the roll,  and  such  local
officers  are  hereby  directed  and  authorized to enter the recomputed
exemption certified by the assessor on the roll.
  S 2. This act shall take effect immediately.