Assembly Bill A9225

2015-2016 Legislative Session

Relates to extending the benefits of the STAR program to small businesses

download bill text pdf

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Archive: Last Bill Status - In Assembly 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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2015-A9225 (ACTIVE) - Details

See Senate Version of this Bill:
S6518
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §425, RPT L
Versions Introduced in Other Legislative Sessions:
2017-2018: A9734, S1116
2019-2020: S2460
2021-2022: S1944
2023-2024: S5110

2015-A9225 (ACTIVE) - Summary

Relates to extending the benefits of the STAR program to small businesses; defines small business as a business which employs one hundred persons or less.

2015-A9225 (ACTIVE) - Bill Text download pdf

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

                                  9225

                          I N  A S S E M B L Y

                            February 4, 2016
                               ___________

Introduced by M. of A. THIELE -- read once and referred to the Committee
  on Real Property Taxation

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 amended by chapter 564 of the laws of 2015, 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, 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
and  finance  pursuant  to  section one hundred seventy-one-u of 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

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

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