senate Bill S1944

2021-2022 Legislative Session

Extends the benefits of the STAR program to small businesses

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Local Government Committee


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

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 16, 2021 referred to local government

Co-Sponsors

S1944 (ACTIVE) - Details

Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Amd §425, RPT L
Versions Introduced in Other Legislative Sessions:
2015-2016: S6518
2017-2018: S1116
2019-2020: S2460

S1944 (ACTIVE) - Summary

Relates to extending the benefits of the STAR program to small businesses; defines small business as a business which employs one hundred persons or less.

S1944 (ACTIVE) - Sponsor Memo

S1944 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1944
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 16, 2021
                                ___________
 
 Introduced  by  Sens.  AKSHAR, JORDAN -- read twice and ordered printed,
   and when printed to be committed to the Committee on Local Government
 
 AN ACT to amend the real property tax law, in relation to extending  the
   benefits of the STAR program to small businesses
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 3 of section 425 of the real property tax  law,
 as  added  by  section  1  of part B of chapter 389 of the laws of 1997,
 paragraph (a) as amended by chapter 264 of the laws of  2000,  paragraph
 (b-1)  as  amended  by section 1 of part RR of chapter 59 of the laws of
 2019, paragraph (d) as amended by chapter 564 of the laws  of  2015  and
 paragraph  (e) as added by section 2 of part W of chapter 57 of the laws
 of 2008, is amended and a new paragraph (f) is added to read as follows:
   3.  Eligibility  requirements.  (a)  Property  use.  To  qualify   for
 exemption  pursuant  to this section, the property must be a one, two or
 three family residence, a farm dwelling, SMALL BUSINESS  or  residential
 property  held  in  condominium or cooperative form of ownership. If the
 property is not an eligible type of property, but a portion of the prop-
 erty is partially used by the owner as a primary residence, that portion
 which is so used shall be entitled to the  exemption  provided  by  this
 section;  provided  that  in  no  event  shall  the exemption exceed the
 assessed value attributable to that portion.
   (b) Primary residence. The property must serve as  the  primary  resi-
 dence  of  one  or  more  of the owners thereof, UNLESS SUCH PROPERTY IS
 OWNED BY A SMALL BUSINESS AS DEFINED IN PARAGRAPH (F) OF  THIS  SUBDIVI-
 SION.
   (b-1)  Income.  For  final assessment rolls to be used for the levy of
 taxes for the two thousand eleven-two thousand twelve through two  thou-
 sand  eighteen-two  thousand  nineteen school years, the parcel's affil-
 iated income may be no greater than five hundred  thousand  dollars,  as
 determined  by the commissioner pursuant to subdivision fourteen of this
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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