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Assembly Bill A725

2021-2022 Legislative Session

Relates to enhanced eligibility requirements of STAR

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Archive: Last Bill Status - In Assembly Committee

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2021-A725 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §425, RPT L
Versions Introduced in Other Legislative Sessions:
2017-2018: A7644
2019-2020: A2387

2021-A725 (ACTIVE) - Summary

Relates to enhanced eligibility requirements of STAR; bases income on retirement.

2021-A725 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    725
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced by M. of A. WALLACE, GRIFFIN -- read once and referred to the
   Committee on Real Property Taxation
 
 AN  ACT  to  amend  the  real  property tax law, in relation to enhanced
   eligibility requirements of STAR

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Clause (C-1) of subparagraph (i) of paragraph (b) of subdi-
 vision  4  of  section  425  of  the  real property tax law, as added by
 section 1 of part NN of chapter 59 of the laws of 2014,  is  amended  to
 read as follows:
   (C-1)  Notwithstanding  the  provisions of clause (C) of this subpara-
 graph, in the event that a senior citizen, as a result of the  death  of
 his  or her spouse, OR UPON RETIREMENT, experiences a decrease in income
 such that he or she would qualify for the enhanced exemption if  his  or
 her  eligibility  were  based  upon his or her income for the income tax
 year immediately subsequent to the income tax year that would  otherwise
 be  applicable  pursuant  to  clause  (C) of this subparagraph, then the
 eligibility of such senior citizen for the  enhanced  exemption  on  the
 applicable taxable status date shall be determined based upon his or her
 income  for  such  later  income  tax year; provided that the income tax
 return for such year has been filed with the appropriate state or feder-
 al agency and a copy thereof has been filed  with  the  assessor  on  or
 before  the  applicable  taxable  status date, or other documentation of
 income eligibility has been filed with the assessor  on  or  before  the
 applicable taxable status date.
   §  2. This act shall take effect immediately and shall apply to school
 years commencing on or after the first of January  next  succeeding  the
 date on which it shall have become a law.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02206-01-1
              

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