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Assembly Bill A275

2021-2022 Legislative Session

Provides that the amount of a STAR real property tax savings may not be less than the amount of the STAR real property tax savings from the previous year

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Archive: Last Bill Status - In Assembly Committee

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2021-A275 (ACTIVE) - Details

See Senate Version of this Bill:
S4487
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §1306-a, RPT L
Versions Introduced in Other Legislative Sessions:
2019-2020: A8836
2023-2024: A1383, S2101
2025-2026: A3186

2021-A275 (ACTIVE) - Summary

Provides that the amount of a STAR real property tax savings may not be less than the amount of the STAR real property tax savings from the previous year.

2021-A275 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    275
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced  by M. of A. ZEBROWSKI, GALEF, PAULIN, ABINANTI, ENGLEBRIGHT,
   BUTTENSCHON, SAYEGH, HYNDMAN, LAVINE, JONES, SIMON, WOERNER, STERN  --
   read once and referred to the Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation to providing that
   the  amount  of  a STAR real property tax savings may not be less than
   the amount of the STAR real property tax  savings  from  the  previous
   year
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subparagraph (i) of  paragraph  (a)  of  subdivision  2  of
 section  1306-a of the real property tax law, as amended by section 1 of
 part LL of chapter 59 of the  laws  of  2019,  is  amended  to  read  as
 follows:
   (i) The tax savings for each parcel receiving the exemption authorized
 by section four hundred twenty-five of this chapter shall be computed by
 subtracting  the  amount  actually  levied  against  the parcel from the
 amount that would have been levied if not for  the  exemption,  provided
 however,  that  for  the two thousand eleven-two thousand twelve through
 two thousand  eighteen-two  thousand  nineteen  school  years,  the  tax
 savings  applicable  to  any  "portion" (which as used herein shall mean
 that part of an assessing unit located within a school  district)  shall
 not  exceed  the  tax  savings  applicable  to that portion in the prior
 school year multiplied by one  hundred  two  percent,  with  the  result
 rounded  to the nearest dollar; and provided further that beginning with
 the two thousand nineteen-two  thousand  twenty  school  year:  (A)  for
 purposes of the exemption authorized by section four hundred twenty-five
 of  this  chapter,  the tax savings applicable to any portion shall [not
 exceed] EQUAL the tax savings for the prior year, and (B)  for  purposes
 of  the credit authorized by subsection (eee) of section six hundred six
 of the tax law, the tax savings applicable  to  any  portion  shall  not
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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