Senate Bill S3510

2017-2018 Legislative Session

Relates to providing for the inclusion of sales tax revenue shared by a county with the school district in the STAR savings calculation

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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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2017-S3510 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1306-a, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: S2641
2011-2012: S2338
2013-2014: S1430
2015-2016: S798
2019-2020: S2953

2017-S3510 (ACTIVE) - Summary

Provides for the inclusion of sales tax revenue shared by a county with the school district in the STAR savings calculation.

2017-S3510 (ACTIVE) - Sponsor Memo

2017-S3510 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3510
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 23, 2017
                                ___________
 
 Introduced  by  Sens. RANZENHOFER, DeFRANCISCO, LARKIN -- read twice and
   ordered printed, and when printed to be committed to the Committee  on
   Investigations and Government Operations
 
 AN  ACT  to  amend  the real property tax law, in relation to school tax
   relief program (STAR) savings calculation

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  2 of section 1306-a of the real property tax
 law, as amended by section 6 of part N of chapter  58  of  the  laws  of
 2011, is amended to read as follows:
   2.  Tax  savings. (a)(i) The tax savings for each parcel receiving the
 exemption authorized by section four hundred twenty-five of this chapter
 shall be computed by subtracting the amount actually levied against  the
 parcel  from  the  amount  that  would  have  been levied if not for the
 exemption, provided  however,  that  beginning  with  the  two  thousand
 eleven-two  thousand  twelve  school year, the tax savings applicable to
 any "portion" (which as used herein shall mean that part of an assessing
 unit located within a school district) shall not exceed the tax  savings
 applicable  to  that  portion in the prior school year multiplied by one
 hundred two percent, with the result rounded to the nearest dollar.  The
 tax  savings  attributable to the basic and enhanced exemptions shall be
 calculated separately. It shall be the responsibility of the commission-
 er to calculate tax savings limitations for purposes  of  this  subdivi-
 sion.
   (ii)  The  tax  savings  applicable  to a portion for the two thousand
 ten-two thousand eleven school year shall be determined  by  multiplying
 the exempt amount applicable to the portion for the two thousand ten-two
 thousand  eleven  school  year by the tax rate applicable to the portion
 for the two thousand ten-two thousand eleven school year, with  separate
 calculations for the basic and enhanced exemptions.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07950-01-7
              

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