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 |
Senate Bill S8972B
Signed By Governor2017-2018 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status - Signed by Governor
- 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
Bill Amendments
2017-S8972 - Details
- See Assembly Version of this Bill:
- A9967
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §467-k, RPT L
2017-S8972 - Sponsor Memo
BILL NUMBER: S8972 SPONSOR: VALESKY TITLE OF BILL: An act to amend the real property tax law, in relation to real property tax exemptions for certain property owners who are required to participate in the federal flood insurance program PURPOSE: The purpose of this bill is to provide financial relief for those in poverty who are required to participate in the federal flood insurance program. SUMMARY OF PROVISIONS: Amends the property tax law by adding a new section 467-k. Property owners who are below the federal income official poverty law and who are required to purchase flood insurance by the federal flood insurance program are entitled to a property tax exemption. Applications will be prescribed by the commissioner and completed annually by a property owner.
2017-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
2017-S8972A - Details
- See Assembly Version of this Bill:
- A9967
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §467-k, RPT L
2017-S8972A - Sponsor Memo
BILL NUMBER: S8972A SPONSOR: VALESKY TITLE OF BILL: 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 PURPOSE: The purpose of this bill is to provide financial relief for those in poverty who are required to participate in the federal flood insurance program and to incentivize investment in communities in need of revital- ization. SUMMARY OF PROVISIONS: Amends the property tax law by adding a new section 467-k. Owners of one to three family unit buildings that are in the flood zone
2017-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.
2017-S8972B (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9967
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §467-k, RPT L
2017-S8972B (ACTIVE) - Sponsor Memo
BILL NUMBER: S8972B SPONSOR: VALESKY TITLE OF BILL: 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 PURPOSE: The purpose of this bill is to provide financial relief for those in poverty who are required to participate in the federal flood insurance program and to incentivize investment in communities in need of revital- ization. SUMMARY OF PROVISIONS: Amends the property tax law by adding a new section 467-k. Owners of one to three family unit buildings that are in the flood zone
2017-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
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