senate Bill S2450

2015-2016 Legislative Session

Concerns primary residences owned by limited liability companies that are occupied by veterans

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Veterans, Homeland Security And Military Affairs Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

do you support this legislation?

You must fill out the form below in order to support or oppose this bill. X

You must login or fill out the fields below for the senator to have an accurate account of the support or opposition to this bill.

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.
Use this box to enter a message to your senator.

Actions

view actions (10)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 06, 2016 referred to veterans, homeland security and military affairs
returned to senate
died in assembly
Jun 11, 2015 referred to veterans' affairs
delivered to assembly
passed senate
Mar 02, 2015 advanced to third reading
Feb 26, 2015 2nd report cal.
Feb 25, 2015 1st report cal.118
Jan 23, 2015 referred to veterans, homeland security and military affairs

Votes

view votes

Feb 25, 2015 - Veterans, Homeland Security and Military Affairs committee Vote

S2450
7
0
committee
7
Aye
0
Nay
5
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Veterans, Homeland Security and Military Affairs committee vote details

Veterans, Homeland Security and Military Affairs Committee Vote: Feb 25, 2015

excused (1)

S2450 - Details

Law Section:
Real Property Tax Law
Laws Affected:
Amd ยงยง458 & 458-a, RPT L
Versions Introduced in 2013-2014 Legislative Session:
S6348

S2450 - Summary

Concerns primary residences owned by limited liability companies that are occupied by veterans.

S2450 - Sponsor Memo

S2450 - Bill Text download pdf

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

                                  2450

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 23, 2015
                               ___________

Introduced  by  Sen.  FARLEY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Veterans, Homeland Securi-
  ty and Military Affairs

AN ACT to amend the real property tax law, in relation to veteran  occu-
  pied primary residences owned by a limited liability company

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

  Section 1. Section 458 of the real property  tax  law  is  amended  by
adding a new subdivision 7-a to read as follows:
  7-A.  NOTWITHSTANDING  ANY OTHER PROVISION OF LAW TO THE CONTRARY, THE
PROVISIONS OF THIS SECTION SHALL APPLY TO ANY REAL PROPERTY OWNED  BY  A
LIMITED  LIABILITY COMPANY, AS DEFINED BY SUBDIVISION (M) OF SECTION ONE
HUNDRED TWO OF THE  LIMITED  LIABILITY  COMPANY  LAW,  IF  SUCH  LIMITED
LIABILITY  COMPANY  IS  OWNED  BY  SUCH  PERSON  OR  PERSONS TO WHOM THE
EXEMPTION WOULD BE GRANTED HAD SUCH PERSON OR  PERSONS  OWNED  THE  REAL
PROPERTY IN QUESTION RATHER THAN THE LIMITED LIABILITY COMPANY.
  S 2. Paragraph (c) of subdivision 1 of section 458-a of the real prop-
erty  tax law, as amended by chapter 100 of the laws of 1988, is amended
to read as follows:
  (c) "Qualified owner" means a veteran, the spouse of a  veteran  [or],
the  unremarried  surviving  spouse of a veteran, OR A LIMITED LIABILITY
COMPANY, AS DEFINED BY SUBDIVISION (M) OF SECTION ONE HUNDRED TWO OF THE
LIMITED LIABILITY COMPANY LAW, IF  SUCH  LIMITED  LIABILITY  COMPANY  IS
OWNED  BY  SUCH PERSON OR PERSONS TO WHOM THE EXEMPTION WOULD BE GRANTED
HAD SUCH PERSON OR PERSONS OWNED THE REAL PROPERTY  IN  QUESTION  RATHER
THAN THE LIMITED LIABILITY COMPANY. Where property is owned by more than
one  qualified  owner,  the  exemption  to which each is entitled may be
combined. Where a veteran is also the unremarried surviving spouse of  a
veteran,  such  person  may  also  receive  any  exemption  to which the
deceased spouse was entitled.
  S 3. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03611-02-5

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.

 

Related Recent Legislation

Related Issues

Explore Issues