senate Bill S8972B

Signed By Governor
2017-2018 Legislative Session

Relates to real property tax exemptions for certain property owners who are required to participate in the federal flood insurance program

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


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

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

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.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (15)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 28, 2018 signed chap.512
Dec 18, 2018 delivered to governor
Jun 20, 2018 returned to senate
passed assembly
ordered to third reading rules cal.409
substituted for a9967b
Jun 19, 2018 referred to ways and means
delivered to assembly
passed senate
ordered to third reading cal.1984
Jun 15, 2018 print number 8972b
Jun 15, 2018 amend and recommit to rules
Jun 14, 2018 print number 8972a
Jun 14, 2018 amend and recommit to rules
Jun 08, 2018 referred to rules

S8972 - Details

See Assembly Version of this Bill:
A9967
Law Section:
Real Property Tax Law
Laws Affected:
Add §467-k, RPT L

S8972 - Summary

Relates to real property tax exemptions for certain property owners who are required to participate in the federal flood insurance program because his or her real property is located in a special flood hazard area.

S8972 - Sponsor Memo

S8972 - Bill Text download pdf


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

                                  8972

                            I N  S E N A T E

                              June 8, 2018
                               ___________

Introduced  by  Sen. VALESKY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to amend the real property tax law, in relation to real  property
  tax exemptions for certain property owners who are required to partic-
  ipate in the federal flood insurance program

  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 467-k to read as follows:
  §  467-K.  EXEMPTION  FOR  CERTAIN PROPERTY OWNERS WHO ARE REQUIRED TO
PARTICIPATE IN THE FEDERAL FLOOD INSURANCE PROGRAM. 1. A  COUNTY,  CITY,
TOWN,  VILLAGE  OR  SCHOOL  DISTRICT ACTING BY AND THROUGH ITS GOVERNING
BODY, MAY GRANT AN EXEMPTION TO A PROPERTY OWNER WHO HOLDS A MORTGAGE ON
SUCH REAL PROPERTY, WHOSE INCOME IS BELOW THE  FEDERAL  INCOME  OFFICIAL
POVERTY  LINE,  AS DEFINED AND ANNUALLY REVISED BY THE FEDERAL OFFICE OF
MANAGEMENT AND BUDGET, AND WHO PAYS FEDERAL FLOOD INSURANCE THROUGH  THE
NATIONAL FLOOD INSURANCE PROGRAM.
  2. FOR A PROPERTY OWNER TO QUALIFY FOR SUCH EXEMPTION, HIS OR HER REAL
PROPERTY  MUST  BE  LOCATED IN A SPECIAL FLOOD HAZARD AREA (SFHA) ON THE
CURRENTLY EFFECTIVE FLOOD INSURANCE RATE  MAP  (FIRM)  OR  FLOOD  HAZARD
BOUNDARY MAP (FHBM) IDENTIFIED BY THE FEDERAL EMERGENCY MANAGEMENT AGEN-
CY (FEMA).
  3.  SUCH EXEMPTION SHALL BE GRANTED ONLY UPON APPLICATION BY THE OWNER
OR OWNERS OF SUCH REAL PROPERTY ON A FORM PRESCRIBED BY THE  COMMISSION-
ER.  SUCH  APPLICATION  SHALL  BE FILED ANNUALLY WITH THE ASSESSOR ON OR
BEFORE THE APPROPRIATE TAXABLE STATUS DATE.
  § 2. This act shall take effect immediately and shall apply to assess-
ment rolls prepared on and after January 1, 2018.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10335-02-8

S8972A - Details

See Assembly Version of this Bill:
A9967
Law Section:
Real Property Tax Law
Laws Affected:
Add §467-k, RPT L

S8972A - Summary

Relates to real property tax exemptions for certain property owners who are required to participate in the federal flood insurance program because his or her real property is located in a special flood hazard area.

S8972A - Sponsor Memo

S8972A - Bill Text download pdf


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

                                 8972--A

                            I N  S E N A T E

                              June 8, 2018
                               ___________

Introduced  by  Sen. VALESKY -- read twice and ordered printed, and when
  printed to be  committed  to  the  Committee  on  Rules  --  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 real property
  tax exemptions for certain property owners who are required to partic-
  ipate in the federal flood insurance program

  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 467-k to read as follows:
  § 467-K.  EXEMPTION  FOR  CERTAIN  RESIDENTIAL  PROPERTY  REQUIRED  TO
PARTICIPATE  IN  THE FEDERAL FLOOD INSURANCE PROGRAM. 1. ANY CITY WITH A
POPULATION GREATER THAN ONE HUNDRED THIRTY-FIVE THOUSAND AND  LESS  THAN
ONE  HUNDRED  FIFTY-FIVE  THOUSAND BASED ON THE LATEST FEDERAL DECENNIAL
CENSUS, THROUGH ITS GOVERNING BODY, MAY GRANT AN EXEMPTION  AS  PROVIDED
IN THIS SECTION TO CERTAIN ONE, TWO, OR THREE-FAMILY RESIDENTIAL PROPER-
TIES WITH A FEDERALLY BACKED FLOOD INSURANCE POLICY THROUGH THE NATIONAL
FLOOD INSURANCE PROGRAM (NFIP).
  2.  ELIGIBILITY.  FOR A ONE, TWO, OR THREE-FAMILY RESIDENTIAL PROPERTY
TO QUALIFY FOR SUCH EXEMPTION THE FOLLOWING CONDITIONS MUST BE MET:
  (A) THE PROPERTY MUST BE LOCATED IN A SPECIAL FLOOD HAZARD AREA (SFHA)
ON THE CURRENTLY EFFECTIVE FLOOD INSURANCE  RATE  MAP  (FIRM)  OR  FLOOD
HAZARD  BOUNDARY  MAP (FHBM) IDENTIFIED BY THE FEDERAL EMERGENCY MANAGE-
MENT AGENCY (FEMA);
  (B) THE PROPERTY MUST BE  LOCATED  IN  A  NEIGHBORHOOD  REVITALIZATION
STRATEGY  AREA  OR  MUST BE OWNER-OCCUPIED WITH A HOUSEHOLD INCOME AT OR
BELOW AN INCOME THRESHOLD ESTABLISHED PURSUANT TO  LOCAL  LAW,  PROVIDED
THAT  SUCH  THRESHOLD  SHALL  NOT EXCEED SIXTY-TWO THOUSAND NINE HUNDRED
EIGHTY-FIVE DOLLARS;
  (C) THE PROPERTY MUST BE INSURED  THROUGH  A  FEDERALLY  BACKED  FLOOD
INSURANCE  POLICY  THAT  COVERS  THE  DURATION OF THE TAX YEAR FOR WHICH
BENEFITS ARE SOUGHT; AND

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

S8972B (ACTIVE) - Details

See Assembly Version of this Bill:
A9967
Law Section:
Real Property Tax Law
Laws Affected:
Add §467-k, RPT L

S8972B (ACTIVE) - Summary

Relates to real property tax exemptions for certain property owners who are required to participate in the federal flood insurance program because his or her real property is located in a special flood hazard area.

S8972B (ACTIVE) - Sponsor Memo

S8972B (ACTIVE) - Bill Text download pdf


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

                                 8972--B

                            I N  S E N A T E

                              June 8, 2018
                               ___________

Introduced  by  Sen. VALESKY -- read twice and ordered printed, and when
  printed to be  committed  to  the  Committee  on  Rules  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  --  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 real  property
  tax exemptions for certain property owners who are required to partic-
  ipate in the federal flood insurance program

  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 467-k to read as follows:
  §  467-K.  EXEMPTION  FOR  CERTAIN  RESIDENTIAL  PROPERTY  REQUIRED TO
PARTICIPATE IN THE FEDERAL FLOOD INSURANCE PROGRAM. 1. ANY CITY  WITH  A
POPULATION  GREATER  THAN ONE HUNDRED THIRTY-FIVE THOUSAND AND LESS THAN
ONE HUNDRED FIFTY-FIVE THOUSAND BASED ON THE  LATEST  FEDERAL  DECENNIAL
CENSUS,  THROUGH  ITS GOVERNING BODY, MAY GRANT AN EXEMPTION AS PROVIDED
IN THIS SECTION TO CERTAIN ONE, TWO, OR THREE-FAMILY RESIDENTIAL PROPER-
TIES WITH A FEDERALLY BACKED FLOOD INSURANCE POLICY THROUGH THE NATIONAL
FLOOD INSURANCE PROGRAM (NFIP).
  2. ELIGIBILITY. FOR A ONE, TWO, OR THREE-FAMILY  RESIDENTIAL  PROPERTY
TO QUALIFY FOR SUCH EXEMPTION THE FOLLOWING CONDITIONS MUST BE MET:
  (A) THE PROPERTY MUST BE LOCATED IN A SPECIAL FLOOD HAZARD AREA (SFHA)
ON  THE  CURRENTLY  EFFECTIVE  FLOOD  INSURANCE RATE MAP (FIRM) OR FLOOD
HAZARD BOUNDARY MAP (FHBM) IDENTIFIED BY THE FEDERAL  EMERGENCY  MANAGE-
MENT AGENCY (FEMA);
  (B)  THE  PROPERTY  MUST  BE  LOCATED IN A NEIGHBORHOOD REVITALIZATION
STRATEGY AREA AS DEFINED BY THE DEPARTMENT OF NEIGHBORHOOD AND  BUSINESS
DEVELOPMENT  OR  OTHER  AGENCY  AS  DESIGNATED  IN LOCAL LAW, OR MUST BE
OWNER-OCCUPIED WITH A HOUSEHOLD INCOME AT OR BELOW AN  INCOME  THRESHOLD
ESTABLISHED  PURSUANT  TO  LOCAL LAW, PROVIDED THAT SUCH THRESHOLD SHALL
NOT EXCEED SIXTY-TWO THOUSAND NINE HUNDRED EIGHTY-FIVE DOLLARS;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10335-06-8

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.