Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 08, 2016 |
print number 326a |
Feb 08, 2016 |
amend and recommit to local government |
Jan 06, 2016 |
referred to local government returned to senate died in assembly |
Jun 08, 2015 |
referred to real property taxation delivered to assembly passed senate |
May 11, 2015 |
advanced to third reading |
May 06, 2015 |
2nd report cal. |
May 05, 2015 |
1st report cal.555 |
Feb 10, 2015 |
reported and committed to finance |
Jan 07, 2015 |
referred to local government |
Senate Bill S326A
2015-2016 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Local Government 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
Actions
Votes
Bill Amendments
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
(R, C, IP, RFM) Senate District
2015-S326 - Details
2015-S326 - Sponsor Memo
BILL NUMBER: S326 TITLE OF BILL : An act to amend the real property tax law, in relation to school tax relief (STAR) exemptions PURPOSE : To provide that financial institutions who take possession of residential properties notify the local assessor within thirty days in order that STAR exemption on the property may be terminated and provide for a civil penalty for failure to make timely notification. SUMMARY OF PROVISIONS : Section 1. Adds a new subdivision 15 to section 425 of the Real Property Tax Law to provide that whenever a financial institution takes possession of real property that would qualify for the STAR exemption, that the institution, within thirty days of taking possession, must notify the local assessor or other person having custody of the assessment roll. The exemption shall be immediately discontinued. Failure to make such notification shall be subject to a $5,000 civil fine. JUSTIFICATION : When residential properties are abandoned by the individuals who
2015-S326 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 326 A. 155 2015-2016 Regular Sessions S E N A T E - A S S E M B L Y (PREFILED) January 7, 2015 ___________ IN SENATE -- Introduced by Sens. LAVALLE, RITCHIE, SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government IN ASSEMBLY -- 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 school tax relief (STAR) exemptions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 425 of the real property tax law is amended by adding a new subdivision 15 to read as follows: 15. FINANCIAL INSTITUTION. (A) WHENEVER A FINANCIAL INSTITUTION, AS DEFINED BY PARAGRAPH (E) OF SUBDIVISION TWO OF SECTION 5-1501 OF THE GENERAL OBLIGATIONS LAW, TAKES POSSESSION OF REAL PROPERTY WHICH QUALI- FIES FOR AN EXEMPTION PURSUANT TO THIS SECTION, SUCH FINANCIAL INSTITU- TION SHALL NOTIFY THE ASSESSOR OR OTHER PERSON HAVING CUSTODY OF THE ASSESSMENT ROLL IN THE LOCALITY IN WHICH SUCH REAL PROPERTY IS LOCATED WITHIN THIRTY DAYS OF TAKING SUCH POSSESSION, UPON WHICH SUCH EXEMPTION SHALL BE IMMEDIATELY DISCONTINUED. (B) ANY FINANCIAL INSTITUTION THAT VIOLATES ANY PROVISION OF PARAGRAPH (A) OF THIS SUBDIVISION SHALL BE LIABLE FOR A CIVIL PENALTY NOT TO EXCEED FIVE THOUSAND DOLLARS. S 2. This act shall take effect on the thirtieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02399-01-5
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
(R, C, IP, RFM) Senate District
2015-S326A (ACTIVE) - Details
2015-S326A (ACTIVE) - Sponsor Memo
BILL NUMBER: S326A TITLE OF BILL : An act to amend the real property tax law, in relation to school tax relief (STAR) exemptions PURPOSE : To provide that financial institutions who take possession of residential properties notify the local assessor within thirty days in order that STAR exemption on the property may be terminated and provide for a civil penalty for failure to make timely notification. SUMMARY OF PROVISIONS : Section 1. Adds a new subdivision 16 to section 425 of the Real Property Tax Law to provide that whenever a financial institution takes possession of real property that would qualify for the STAR exemption, that the institution, within thirty days of taking possession, must notify the local assessor or other person having custody of the assessment roll. The exemption shall be immediately discontinued. Failure to make such notification shall be subject to a $5,000 civil fine. JUSTIFICATION : When residential properties are abandoned by the individuals who
2015-S326A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 326--A A. 155--A 2015-2016 Regular Sessions S E N A T E - A S S E M B L Y (PREFILED) January 7, 2015 ___________ IN SENATE -- Introduced by Sens. LAVALLE, MARCHIONE, RITCHIE, SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- recommitted to the Committee on Local Government in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred to the Committee on Real Property Taxation -- recommitted to the Committee on Real Property Taxation in accordance with Assembly Rule 3, sec. 2 -- 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 school tax relief (STAR) exemptions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 425 of the real property tax law is amended by adding a new subdivision 16 to read as follows: 16. FINANCIAL INSTITUTION. (A) WHENEVER A FINANCIAL INSTITUTION, AS DEFINED BY PARAGRAPH (E) OF SUBDIVISION TWO OF SECTION 5-1501 OF THE GENERAL OBLIGATIONS LAW, TAKES POSSESSION OF REAL PROPERTY WHICH QUALI- FIES FOR AN EXEMPTION PURSUANT TO THIS SECTION, SUCH FINANCIAL INSTITU- TION SHALL NOTIFY THE ASSESSOR OR OTHER PERSON HAVING CUSTODY OF THE ASSESSMENT ROLL IN THE LOCALITY IN WHICH SUCH REAL PROPERTY IS LOCATED WITHIN THIRTY DAYS OF TAKING SUCH POSSESSION, UPON WHICH SUCH EXEMPTION SHALL BE IMMEDIATELY DISCONTINUED. (B) ANY FINANCIAL INSTITUTION THAT VIOLATES ANY PROVISION OF PARAGRAPH (A) OF THIS SUBDIVISION SHALL BE LIABLE FOR A CIVIL PENALTY NOT TO EXCEED FIVE THOUSAND DOLLARS. S 2. This act shall take effect on the thirtieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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