Senate Bill S5722A

2017-2018 Legislative Session

Authorizes counties, cities, towns, villages and school districts to extend for 10 years or make permanent the Cold War veterans property tax exemption after the initial 10 year enactment thereof

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Sponsored By

Archive: Last Bill Status - Stricken


  • 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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Votes

Bill Amendments

co-Sponsors

2017-S5722 - Details

Law Section:
Real Property Tax Law
Laws Affected:
Amd §458-b, RPT L

2017-S5722 - Summary

Authorizes counties, cities, towns, villages and school districts to extend for 10 years or make permanent the Cold War veterans property tax exemption after the initial 10 year enactment thereof.

2017-S5722 - Sponsor Memo

2017-S5722 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5722
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              April 26, 2017
                                ___________
 
 Introduced  by  Sen.  LARKIN -- 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  authorizing
   counties,  cities,  town,  villages  and school districts to extend or
   make permanent the granting of the exemption for Cold War veterans
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subparagraph  (iii)  of paragraph (c) of subdivision 2 of
 section 458-b of the real property tax law,  as  separately  amended  by
 chapters 22 and 253 of the laws of 2016, is amended to read as follows:
   (iii)  The  exemption  provided  by  paragraph (a) of this subdivision
 shall INITIALLY be granted for a period of ten years, AND MAY THEREAFTER
 BE EXTENDED FOR AN ADDITIONAL PERIOD OF TEN YEARS OR BE MADE  PERMANENT.
 The  commencement  of such [ten year] EXEMPTION period shall be governed
 pursuant to this subparagraph. Where a qualified owner  owns  qualifying
 residential  real  property  on  the  effective date of the local law or
 resolution providing for such exemption, such [ten year] EXEMPTION peri-
 od shall be measured from the assessment roll prepared pursuant  to  the
 first  taxable  status  date occurring on or after the effective date of
 the local law or resolution providing for such exemption. Where a quali-
 fied owner does not own qualifying  residential  real  property  on  the
 effective  date  of  the  local  law  or  resolution  providing for such
 exemption, such [ten year] EXEMPTION period shall be measured  from  the
 assessment  roll  prepared  pursuant  to  the  first taxable status date
 occurring at least sixty days after the date of purchase  of  qualifying
 residential  real  property;  provided, however, that should the veteran
 apply for and be granted an exemption on the  assessment  roll  prepared
 pursuant  to a taxable status date occurring within sixty days after the
 date of purchase of residential real property, such [ten year] EXEMPTION
 period shall be measured from the first assessment  roll  in  which  the
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

co-Sponsors

2017-S5722A (ACTIVE) - Details

Law Section:
Real Property Tax Law
Laws Affected:
Amd §458-b, RPT L

2017-S5722A (ACTIVE) - Summary

Authorizes counties, cities, towns, villages and school districts to extend for 10 years or make permanent the Cold War veterans property tax exemption after the initial 10 year enactment thereof.

2017-S5722A (ACTIVE) - Sponsor Memo

2017-S5722A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5722--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              April 26, 2017
                                ___________
 
 Introduced  by  Sens.  LARKIN,  CROCI,  LITTLE -- read twice and ordered
   printed, and when printed to be committed to the Committee  on  Veter-
   ans,  Homeland  Security and Military Affairs -- 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 authorizing
   counties, cities, town, villages and school  districts  to  extend  or
   make permanent the granting of the exemption for Cold War veterans
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subparagraph (iii) of paragraph (c)  of  subdivision  2  of
 section  458-b  of  the  real property tax law, as separately amended by
 chapters 22 and 253 of the laws of 2016, is amended to read as follows:
   (iii) The exemption provided by  paragraph  (a)  of  this  subdivision
 shall INITIALLY be granted for a period of ten years, AND MAY THEREAFTER
 BE  EXTENDED FOR AN ADDITIONAL PERIOD OF TEN YEARS OR BE MADE PERMANENT.
 The commencement of such [ten year] EXEMPTION period shall  be  governed
 pursuant  to  this subparagraph. Where a qualified owner owns qualifying
 residential real property on the effective date  of  the  local  law  or
 resolution providing for such exemption, such [ten year] EXEMPTION peri-
 od  shall  be measured from the assessment roll prepared pursuant to the
 first taxable status date occurring on or after the  effective  date  of
 the local law or resolution providing for such exemption. Where a quali-
 fied  owner  does  not  own  qualifying residential real property on the
 effective date of  the  local  law  or  resolution  providing  for  such
 exemption,  such  [ten year] EXEMPTION period shall be measured from the
 assessment roll prepared pursuant  to  the  first  taxable  status  date
 occurring  at  least sixty days after the date of purchase of qualifying
 residential real property; provided, however, that  should  the  veteran
 apply  for  and  be granted an exemption on the assessment roll prepared
 pursuant to a taxable status date occurring within sixty days after  the
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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