| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Mar 11, 2024 |
print number 5421a |
| Mar 11, 2024 |
amend and recommit to aging |
| Jan 03, 2024 |
referred to aging |
| Mar 03, 2023 |
referred to aging |
Senate Bill S5421A
2023-2024 Legislative Session
Sponsored By
(R) 1st Senate District
Archive: Last Bill Status - In Senate Committee Aging Committee
Actions
Bill Amendments
co-Sponsors
(R, C) 9th Senate District
2023-S5421 - Details
2023-S5421 - Sponsor Memo
BILL NUMBER: S5421
SPONSOR: PALUMBO
TITLE OF BILL:
An act to amend the real property tax law, in relation to raising the
income cap for senior citizens applying for the enhanced STAR property
tax exemption
PURPOSE:
To increase the income cap level for senior citizens applying for the
enhanced STAR property tax exemption to one hundred thousand dollars.
SUMMARY OF PROVISIONS:
Section 1. Subparagraph (i) of paragraph (b) of subdivision 4 of section
425 of the real property tax law is amended by adding a new clause
(B-1).
Section 2. Sets for the effective date.
2023-S5421 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
5421
2023-2024 Regular Sessions
I N S E N A T E
March 3, 2023
___________
Introduced by Sen. PALUMBO -- read twice and ordered printed, and when
printed to be committed to the Committee on Aging
AN ACT to amend the real property tax law, in relation to raising the
income cap for senior citizens applying for the enhanced STAR property
tax exemption
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subparagraph (i) of paragraph (b) of subdivision 4 of
section 425 of the real property tax law is amended by adding a new
clause (B-1) to read as follows:
(B-1) FOR FINAL ASSESSMENT ROLLS TO BE COMPLETED IN TWO THOUSAND TWEN-
TY-FOUR, ELIGIBILITY FOR THE EXEMPTION SHALL BE BASED UPON INCOME FOR
THE INCOME TAX YEAR IMMEDIATELY PRECEDING THE DATE OF MAKING APPLICATION
FOR THE EXEMPTION, AND THE INCOME STANDARD SHALL BE ONE HUNDRED THOUSAND
DOLLARS.
§ 2. This act shall take effect immediately and shall apply to all tax
years commencing on or after it shall have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD00651-01-3
co-Sponsors
(R, C) 9th Senate District
(R, C) 3rd Senate District
2023-S5421A (ACTIVE) - Details
2023-S5421A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5421A
SPONSOR: PALUMBO
TITLE OF BILL:
An act to amend the real property tax law, in relation to raising the
income cap for senior citizens applying for the enhanced STAR property
tax exemption
PURPOSE:
To increase the income cap level for senior citizens applying for the
enhanced STAR property tax exemption to one hundred twenty thousand
dollars.
SUMMARY OF PROVISIONS:
Section 1. Subparagraph (i) of paragraph (b) of subdivision 4 of section
425 of the real property tax law is amended by adding a new clause
(B-1).
Section 2. Sets for the effective date.
2023-S5421A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
5421--A
2023-2024 Regular Sessions
I N S E N A T E
March 3, 2023
___________
Introduced by Sens. PALUMBO, CANZONERI-FITZPATRICK -- read twice and
ordered printed, and when printed to be committed to the Committee on
Aging -- recommitted to the Committee on Aging in accordance with
Senate Rule 6, sec. 8 -- 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 raising the
income cap for senior citizens applying for the enhanced STAR property
tax exemption
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subparagraph (i) of paragraph (b) of subdivision 4 of
section 425 of the real property tax law is amended by adding a new
clause (B-1) to read as follows:
(B-1) FOR FINAL ASSESSMENT ROLLS TO BE COMPLETED IN TWO THOUSAND TWEN-
TY-FOUR, ELIGIBILITY FOR THE EXEMPTION SHALL BE BASED UPON INCOME FOR
THE INCOME TAX YEAR IMMEDIATELY PRECEDING THE DATE OF MAKING APPLICATION
FOR THE EXEMPTION, AND THE INCOME STANDARD SHALL BE ONE HUNDRED TWENTY
THOUSAND DOLLARS.
§ 2. This act shall take effect immediately and shall apply to all tax
years commencing on or after such date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD00651-03-4
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