S T A T E O F N E W Y O R K
________________________________________________________________________
1923
2017-2018 Regular Sessions
I N A S S E M B L Y
January 17, 2017
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Introduced by M. of A. ENGLEBRIGHT, MAGNARELLI -- read once and referred
to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to enhancing the
tax relief for senior citizens through the school tax relief program
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph (b) of subdivision 2 of section 425 of the real
property tax law, as amended by section 1 of part D-1 of chapter 57 of
the laws of 2007, clause (A) of subparagraph (vi) 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:
(b) Base figure. [Subject to the adjustments prescribed below, the]
THE base figure for the exemption shall be as follows:
(i) [For the nineteen hundred ninety-eight--ninety-nine school year,
the base figure shall be fifty thousand dollars for eligible senior
citizens; no exemption shall be allowed for other persons.
(ii) For the nineteen hundred ninety-nine--two thousand school year,
the base figure shall be fifty thousand dollars for eligible senior
citizens, and ten thousand dollars for other eligible persons.
(iii) For the two thousand--two thousand one school year, the base
figure shall be fifty thousand dollars for eligible senior citizens, and
twenty thousand dollars for other eligible persons.
(iv) For the two thousand one--two thousand two school year through
the two thousand five--two thousand six school year, inclusive, the base
figure shall be fifty thousand dollars for eligible senior citizens, and
thirty thousand dollars for other eligible persons.
(v)] For the [two thousand six--two thousand seven school year through
the] two thousand eight--two thousand nine school year, [inclusive,] the
base figure for the enhanced STAR exemption shall be [fifty-six] SEVEN-
TY-FIVE thousand eight hundred dollars, and the base figure for the
basic STAR exemption shall be thirty thousand dollars.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03501-01-7
A. 1923 2
[(vi)] (II) For the two thousand nine--two thousand ten school year
and thereafter:
(A) The base figure for the enhanced STAR exemption shall equal the
prior year's base figure multiplied by the percentage increase in the
consumer price index for urban wage earners and clerical workers (CPI-W)
published by the United States department of labor, bureau of labor
statistics, for the third quarter of the calendar year preceding the
applicable school year, as compared to the third quarter of the prior
calendar year. If a base figure as so determined is not exactly equal to
a multiple of one hundred dollars, it shall be rounded to the nearest
multiple of one hundred dollars. It shall be the responsibility of the
commissioner to annually determine such base figures.
(B) The base figure for the basic STAR exemption shall be thirty thou-
sand dollars.
§ 2. This act shall take effect immediately; provided, however, that
paragraph (b) of subdivision 2 of section 425 of the real property tax
law as amended by section one of this act shall apply to exemption
applications for the 2017--2018 school year and thereafter.