S T A T E O F N E W Y O R K
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2192
2019-2020 Regular Sessions
I N A S S E M B L Y
January 22, 2019
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Introduced by M. of A. ENGLEBRIGHT, MAGNARELLI -- read once and referred
to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to increasing the
base figure for the enhanced school tax relief exemption
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subparagraph (vi) of paragraph (b) of subdivision 2 of
section 425 of the real property tax law, as added by section 1 of part
D-1 of chapter 57 of the laws of 2007, clause (A) as further amended by
subdivision (b) of section 1 of part W of chapter 56 of the laws of
2010, is amended and two new subparagraphs (vii) and (viii) are added to
read as follows:
(vi) For the two thousand nine--two thousand ten school year [and
thereafter] THROUGH THE TWO THOUSAND NINETEEN--TWO THOUSAND TWENTY
SCHOOL YEAR:
(A) The base figure for the enhanced STAR exemption shall equal the
prior year's base figure multiplied by the percentage increase in the
consumer price index for urban wage earners and clerical workers (CPI-W)
published by the United States department of labor, bureau of labor
statistics, for the third quarter of the calendar year preceding the
applicable school year, as compared to the third quarter of the prior
calendar year. If a base figure as so determined is not exactly equal to
a multiple of one hundred dollars, it shall be rounded to the nearest
multiple of one hundred dollars. It shall be the responsibility of the
commissioner to annually determine such base figures.
(B) The base figure for the basic STAR exemption shall be thirty thou-
sand dollars.
(VII) FOR THE TWO THOUSAND TWENTY--TWO THOUSAND TWENTY-ONE SCHOOL
YEAR, THE BASE FIGURE SHALL BE SEVENTY-FIVE THOUSAND EIGHT HUNDRED
DOLLARS FOR ELIGIBLE SENIOR CITIZENS, AND THIRTY THOUSAND DOLLARS FOR
OTHER ELIGIBLE PERSONS.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05083-01-9
A. 2192 2
(VIII) FOR THE TWO THOUSAND TWENTY-ONE--TWO THOUSAND TWENTY-TWO SCHOOL
YEAR AND THEREAFTER:
(A) THE BASE FIGURE FOR THE ENHANCED STAR EXEMPTION SHALL EQUAL THE
PRIOR YEAR'S BASE FIGURE MULTIPLIED BY THE PERCENTAGE INCREASE IN THE
CONSUMER PRICE INDEX FOR URBAN WAGE EARNERS AND CLERICAL WORKERS (CPI-W)
PUBLISHED BY THE UNITED STATES DEPARTMENT OF LABOR, BUREAU OF LABOR
STATISTICS, FOR THE THIRD QUARTER OF THE CALENDAR YEAR PRECEDING THE
APPLICABLE SCHOOL YEAR, AS COMPARED TO THE THIRD QUARTER OF THE PRIOR
CALENDAR YEAR. IF A BASE FIGURE AS SO DETERMINED IS NOT EXACTLY EQUAL TO
A MULTIPLE OF ONE HUNDRED DOLLARS, IT SHALL BE ROUNDED TO THE NEAREST
MULTIPLE OF ONE HUNDRED DOLLARS. IT SHALL BE THE RESPONSIBILITY OF THE
COMMISSIONER TO ANNUALLY DETERMINE SUCH BASE FIGURES.
(B) THE BASE FIGURE FOR THE BASIC STAR EXEMPTION SHALL BE THIRTY THOU-
SAND DOLLARS.
§ 2. This act shall take effect immediately.