Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 07, 2018 |
referred to real property taxation delivered to assembly passed senate ordered to third reading cal.1046 committee discharged and committed to rules |
May 04, 2018 |
referred to local government |
Senate Bill S8406
2017-2018 Legislative Session
Sponsored By
(R) Senate District
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
Actions
Votes
co-Sponsors
(D) Senate District
(R, C, IP) Senate District
(R, C, IP) 54th Senate District
(R, C) Senate District
2017-S8406 (ACTIVE) - Details
- Current Committee:
- Assembly Real Property Taxation
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §431, RPT L
- Versions Introduced in 2017-2018 Legislative Session:
-
S8406
2017-S8406 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8406 SPONSOR: LAVALLE TITLE OF BILL: An act to amend the real property tax law, in relation to establishing the senior real property school tax elimination PURPOSE: This bill creates a senior school tax rate that phases in a yearly ten percent reduction of school taxes, based on age of the eligible senior, to reduce the burden that seniors face when paying the school tax portions of their real property tax bills. SUMMARY OF PROVISIONS: Section 1 of the bill amends the Real Property Law to create a senior real property school tax elimination, which will reduce and then elimi- nate school taxes for homeowners who reach the age of seventy and quali- fy for the enhanced STAR exemption. School property taxes would be reduced by ten percent for those homeowners who are seventy years of age by the taxable status date. Each year after, the reduction in school
2017-S8406 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8406 I N S E N A T E May 4, 2018 ___________ Introduced by Sen. LAVALLE -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to establishing the senior real property school tax elimination THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 431 to read as follows: § 431. SENIOR REAL PROPERTY SCHOOL TAX ELIMINATION. 1. FOR THE PURPOSES OF THIS SECTION "QUALIFYING REAL PROPERTY" SHALL BE RESIDENTIAL REAL PROPERTY OWNED AND OCCUPIED BY ONE OR MORE PERSONS, EACH OF WHOM IS SEVENTY YEARS OF AGE OR OVER ON OR BEFORE THE TAXABLE STATUS DATE OF SUCH TAXABLE YEAR AND MEETS EACH OF THE REQUIREMENTS FOR THE ENHANCED EXEMPTION FOR SENIOR CITIZENS SET FORTH IN SECTION FOUR HUNDRED TWENTY- FIVE OF THIS ARTICLE, OR RESIDENTIAL REAL PROPERTY OWNED AND OCCUPIED BY HUSBAND AND WIFE, ONE OF WHOM IS SEVENTY YEARS OF AGE OR OVER AND MEETS EACH OF THE REQUIREMENTS FOR THE ENHANCED EXEMPTION FOR SENIOR CITIZENS SET FORTH IN SECTION FOUR HUNDRED TWENTY-FIVE OF THIS ARTICLE, SHALL BE ELIGIBLE FOR THE REAL PROPERTY SCHOOL TAX ELIMINATION SET FORTH IN THIS SECTION, PROVIDED THE SCHOOL DISTRICT, AFTER PUBLIC HEARING, ADOPTS A RESOLUTION PROVIDING THEREFOR. 2. ANY PERSON ELIGIBLE FOR THE REAL PROPERTY SCHOOL TAX ELIMINATION SHALL APPLY ANNUALLY FOR SUCH REDUCED RATE. SUCH APPLICATION SHALL BE MADE IN A MANNER AND FORM DETERMINED BY THE STATE BOARD AND SHALL REQUIRE PROOF OF THE APPLICANT'S AGE. SUCH APPLICATION SHALL BE FILED WITH THE DEPARTMENT OF TAXATION AND FINANCE ON OR BEFORE THE TAXABLE STATUS DATE FOR SUCH DISTRICT. 3. THE SCHOOL PROPERTY TAX ON A QUALIFYING REAL PROPERTY SHALL BE REDUCED BY A PERCENTAGE WHEN AT LEAST ONE OF THE OWNERS OF SUCH QUALIFY- ING REAL PROPERTY IS SEVENTY YEARS OF AGE OR OVER BY THE FOLLOWING SCHE- DULE: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15621-02-8
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