Senate Bill S8280A

2025-2026 Legislative Session

Relates to a rebate against real property taxes for certain owners of real property in the city of New York

download bill text pdf

Current Bill Status - In Senate Committee Cities 1 Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

Please enter your contact information

First Name

Last Name

Email Address

A valid email address is required.

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

View Actions

Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jun 11, 2025	print number 8280a
Jun 11, 2025	amend and recommit to cities 1
May 29, 2025	referred to cities 1

Bill Amendments

Original

A (Active)

2025-S8280 - Details

See Assembly Version of this Bill:: A8806
Current Committee:: Senate Cities 1
Law Section:: Real Property Tax Law
Laws Affected:: Amd §467-l, RPT L

2025-S8280 - Summary

Relates to a rebate against real property taxes for certain owners of real property in the city of New York for the fiscal year commencing July 1, 2024.

2025-S8280 - Sponsor Memo

                                 
BILL NUMBER: S8280

SPONSOR: SEPULVEDA
 
TITLE OF BILL:

An act to amend the real property tax law, in relation to a rebate
against real property taxes for certain owners of real property in the
city of New York

 
SUMMARY OF PROVISIONS:

Authorizes New York City to provide a rebate of a portion of the real
property taxes on owner occupied residential real property where the
income of the owner is $250,000 or less. Eligible recipients of the
rebate to include primary residents of one-to-three-family-homes, coop-
erative units, and condominium units, who earn $250,000 or less in gross
income annually. If an eligible rebate recipient holds delinquent
accounts for unpaid property taxes, assessments, or other charges, the
rebate would apply directly to reduce the amount delinquent.

 
JUSTIFICATION:

Over the last thirteen years, property tax bills for New York City home-
owners have grown faster than household incomes, meaning homeowners
commit a growing portion of their income to property taxes each year.
While some may argue higher home values are a windfall for many homeown-
ers, the reality is that many homeowners have no way to easily access
that wealth to pay for their day-to-day needs. Rather, it makes meeting
those needs more difficult as property taxes take an increasing cut of
their incomes. Providing a property tax rebate to working and middle
class homeowners, as was originally authorized in 2022, will help alle-
viate some of the pressures caused by increased property values.

 
LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATION:

There would be zero impact on State expenditures and revenues as a
result of this legislation.

 
EFFECTIVE DATE:
Immediately.

2025-S8280 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8280
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               May 29, 2025
                                ___________
 
 Introduced by Sen. SEPULVEDA -- read twice and ordered printed, and when
   printed to be committed to the Committee on Cities 1
 
 AN  ACT  to  amend  the  real  property tax law, in relation to a rebate
   against real property taxes for certain owners of real property in the
   city of New York

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  1  of section 467-l of the real property tax
 law, as added by chapter 216 of the laws of 2022, is amended to read  as
 follows:
   1. Generally. A. Notwithstanding any provision of any general, special
 or  local law to the contrary, a city having a population of one million
 or more is hereby authorized and empowered to adopt and amend local laws
 in accordance with this section to grant a rebate of the annual  tax  of
 an  eligible  property,  in the amount provided in this section, for the
 fiscal year beginning on the first of July, two thousand twenty-one  and
 ending on the thirtieth of June, two thousand twenty-two to the owner of
 such  eligible  property, provided the qualified gross income of all the
 owners for whom such property serves as their primary residence was  two
 hundred  fifty thousand dollars or less in tax year two thousand twenty.
 Where the eligible property, other than an eligible property that  is  a
 dwelling  unit  in  residential property held in the cooperative form of
 ownership, is in arrears in the payment of real property taxes,  assess-
 ments,  and  any  other  charges  that  are  made  a lien subject to the
 provisions of chapter three of title eleven of the  administrative  code
 of  the  city  of New York other than water rents, sewer rents and sewer
 surcharges, such rebate shall be applied to any such unpaid real proper-
 ty taxes, assessments, and other charges on the account of such eligible
 property. Where the eligible property is a dwelling unit in  residential
 property  held in the cooperative form of ownership and such residential
 property is in arrears in the payment of real  property  taxes,  assess-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13200-01-5

 S. 8280                             2
 
 ments,  and  any  other  charges  that  are  made  a lien subject to the
 provisions of chapter three of title eleven of the  administrative  code
 of  the  city  of New York other than water rents, sewer rents and sewer
 surcharges,  such  rebate  shall  be applied to any unpaid real property
 taxes, assessments, and other charges on the account of such residential
 property in an amount equal to the proportionate share of the arrears of
 the dwelling unit.  Notwithstanding any provision of this article to the
 contrary, an owner whose property is receiving benefits pursuant to  any
 other  section  of this article shall not be prohibited from receiving a
 rebate authorized pursuant to this section if such  owner  is  otherwise
 eligible to receive such rebate.
   B.  NOTWITHSTANDING ANY PROVISION OF ANY GENERAL, SPECIAL OR LOCAL LAW
 TO THE CONTRARY, A CITY HAVING A POPULATION OF ONE MILLION  OR  MORE  IS
 HEREBY AUTHORIZED AND EMPOWERED TO ADOPT AND AMEND LOCAL LAWS IN ACCORD-
 ANCE  WITH THIS SECTION TO GRANT A REBATE OF THE ANNUAL TAX OF AN ELIGI-
 BLE PROPERTY, IN THE AMOUNT PROVIDED IN THIS  SECTION,  FOR  THE  FISCAL
 YEAR BEGINNING ON THE FIRST OF JULY, TWO THOUSAND TWENTY-FOUR AND ENDING
 ON  THE THIRTIETH OF JUNE, TWO THOUSAND TWENTY-FIVE TO THE OWNER OF SUCH
 ELIGIBLE PROPERTY, PROVIDED THE QUALIFIED GROSS INCOME OF ALL THE OWNERS
 FOR WHOM SUCH PROPERTY  SERVES  AS  THEIR  PRIMARY  RESIDENCE  WAS  FIVE
 HUNDRED  THOUSAND DOLLARS OR LESS IN TAX YEAR TWO THOUSAND TWENTY-THREE.
 WHERE THE ELIGIBLE PROPERTY, OTHER THAN AN ELIGIBLE PROPERTY THAT  IS  A
 DWELLING  UNIT  IN  RESIDENTIAL PROPERTY HELD IN THE COOPERATIVE FORM OF
 OWNERSHIP, IS IN ARREARS IN THE PAYMENT OF REAL PROPERTY TAXES,  ASSESS-
 MENTS,  AND  ANY  OTHER  CHARGES  THAT  ARE  MADE  A LIEN SUBJECT TO THE
 PROVISIONS OF CHAPTER THREE OF TITLE ELEVEN OF THE  ADMINISTRATIVE  CODE
 OF  THE  CITY  OF NEW YORK OTHER THAN WATER RENTS, SEWER RENTS AND SEWER
 SURCHARGES, SUCH REBATE SHALL BE APPLIED TO ANY SUCH UNPAID REAL PROPER-
 TY TAXES, ASSESSMENTS, AND OTHER CHARGES ON THE ACCOUNT OF SUCH ELIGIBLE
 PROPERTY. WHERE THE ELIGIBLE PROPERTY IS A DWELLING UNIT IN  RESIDENTIAL
 PROPERTY  HELD IN THE COOPERATIVE FORM OF OWNERSHIP AND SUCH RESIDENTIAL
 PROPERTY IS IN ARREARS IN THE PAYMENT OF REAL  PROPERTY  TAXES,  ASSESS-
 MENTS,  AND  ANY  OTHER  CHARGES  THAT  ARE  MADE  A LIEN SUBJECT TO THE
 PROVISIONS OF CHAPTER THREE OF TITLE ELEVEN OF THE  ADMINISTRATIVE  CODE
 OF  THE  CITY  OF NEW YORK OTHER THAN WATER RENTS, SEWER RENTS AND SEWER
 SURCHARGES, SUCH REBATE SHALL BE APPLIED TO  ANY  UNPAID  REAL  PROPERTY
 TAXES, ASSESSMENTS, AND OTHER CHARGES ON THE ACCOUNT OF SUCH RESIDENTIAL
 PROPERTY IN AN AMOUNT EQUAL TO THE PROPORTIONATE SHARE OF THE ARREARS OF
 THE  DWELLING UNIT. NOTWITHSTANDING ANY PROVISION OF THIS ARTICLE TO THE
 CONTRARY, AN OWNER WHOSE PROPERTY IS RECEIVING BENEFITS PURSUANT TO  ANY
 OTHER  SECTION  OF THIS ARTICLE SHALL NOT BE PROHIBITED FROM RECEIVING A
 REBATE AUTHORIZED PURSUANT TO THIS SECTION IF SUCH  OWNER  IS  OTHERWISE
 ELIGIBLE TO RECEIVE SUCH REBATE.
   §  2.  Paragraphs  a, d and k of subdivision 2 of section 467-l of the
 real property tax law, as added by chapter 216 of the laws of 2022,  are
 amended to read as follows:
   a.  "Annual tax" means the amount of real property tax that is imposed
 on a property for the fiscal year beginning on the first  of  July,  two
 thousand  twenty-one  FOR  REBATES  GRANTED  PURSUANT  TO PARAGRAPH A OF
 SUBDIVISION ONE OF THIS SECTION AND THE  FIRST  OF  JULY,  TWO  THOUSAND
 TWENTY-FOUR  FOR  REBATES GRANTED PURSUANT TO PARAGRAPH B OF SUBDIVISION
 ONE OF THIS SECTION, determined after reduction for any amount for which
 such property is exempt, or which is abated, pursuant to applicable law,
 provided that, for a property that is a  dwelling  unit  in  residential
 property  held  in the cooperative form of ownership, "annual tax" means
 the amount of real property tax that  is  imposed  on  such  residential
 S. 8280                             3
 
 property  divided by the number of units within such residential proper-
 ty, including dwelling units and units used primarily  for  professional
 or  commercial  purposes,  determined after reduction for any amount for
 which  such  property  that  is  a  dwelling unit is exempt, or which is
 abated, pursuant to applicable law.
   d. "Eligible property" means a property that, beginning  on  or  after
 June  fifteenth, two thousand twenty-two FOR REBATES GRANTED PURSUANT TO
 PARAGRAPH A OF SUBDIVISION ONE OF THIS SECTION AND JUNE  FIFTEENTH,  TWO
 THOUSAND  TWENTY-FIVE  FOR  REBATES  GRANTED  PURSUANT TO PARAGRAPH B OF
 SUBDIVISION ONE OF THIS SECTION, serves as the primary residence of  the
 owner  of  such  property,  and served as such owner's primary residence
 during the ninety days prior to such date.
   k. "Substantially higher" means [no] more than  two  hundred  seventy-
 five  thousand  dollars  FOR  REBATES GRANTED PURSUANT TO PARAGRAPH A OF
 SUBDIVISION ONE OF THIS SECTION AND MORE THAN FIVE  HUNDRED  TWENTY-FIVE
 THOUSAND DOLLARS FOR REBATES GRANTED PURSUANT TO PARAGRAPH B OF SUBDIVI-
 SION ONE OF THIS SECTION.
   § 3. Subdivisions 3, 4 and 5 of section 467-l of the real property tax
 law, as added by chapter 216 of the laws of 2022, are amended to read as
 follows:
   3.  Primary  residence. Any local law adopted pursuant to this section
 shall establish a process by which an owner of a property  shall  demon-
 strate primary residence, provided that such local law shall not require
 such  demonstration  from  an  owner  who  receives  a real property tax
 exemption pursuant to section four hundred twenty-five of this title  or
 a  school  tax relief credit pursuant to subsection (eee) of section six
 hundred six of the tax  law  for  such  property  for  the  fiscal  year
 commencing  on  the  first  of July, two thousand twenty-two FOR REBATES
 GRANTED PURSUANT TO PARAGRAPH A OF SUBDIVISION ONE OF THIS  SECTION  AND
 ON  THE  FIRST  OF  JULY,  TWO  THOUSAND TWENTY-FIVE FOR REBATES GRANTED
 PURSUANT TO PARAGRAPH B OF SUBDIVISION ONE OF THIS SECTION.
   4. Amount of rebate. The amount of the rebate to be  provided  by  the
 commissioner of finance shall be the lesser of one hundred fifty dollars
 FOR  REBATES  GRANTED PURSUANT TO PARAGRAPH A OF SUBDIVISION ONE OF THIS
 SECTION AND ONE HUNDRED SEVENTY-FIVE DOLLARS FOR REBATES GRANTED  PURSU-
 ANT  TO PARAGRAPH B OF SUBDIVISION ONE OF THIS SECTION or the annual tax
 imposed on the property.
   5.  Qualification  for  rebate  for  recipients  of  STAR  credit   or
 exemption.   The owner of an eligible property who receives a real prop-
 erty tax exemption pursuant to section four hundred twenty-five of  this
 title  or  a  school  tax  relief credit pursuant to subsection (eee) of
 section six hundred six of the tax law for the fiscal year commencing on
 the first of July, two thousand twenty-two FOR REBATES GRANTED  PURSUANT
 TO  PARAGRAPH  A  OF SUBDIVISION ONE OF THIS SECTION AND ON THE FIRST OF
 JULY, TWO THOUSAND TWENTY-FIVE FOR REBATES GRANTED PURSUANT TO PARAGRAPH
 B OF SUBDIVISION ONE OF THIS  SECTION  and  satisfies  the  requirements
 described  in  subdivision  one of this section shall not be required to
 file, and shall not file,  an  application  for  the  rebate  authorized
 pursuant  to  this  section.  To  the extent the commissioner of finance
 determines that such an owner is not entitled to the  rebate  authorized
 pursuant  to  this  section, the commissioner shall send to such owner a
 notice of denial of the rebate.
   § 4. Paragraphs a and c of subdivision 6 of section 467-l of the  real
 property  tax  law,  as  added  by  chapter 216 of the laws of 2022, are
 amended to read as follows:
 S. 8280                             4
 
   a. Generally. The owner of an eligible property who does not receive a
 real property tax exemption pursuant to section four hundred twenty-five
 of this title or a school tax relief credit pursuant to subsection (eee)
 of section six hundred six of the tax law for the fiscal year commencing
 on the first of July, two thousand twenty-two FOR REBATES GRANTED PURSU-
 ANT  TO  PARAGRAPH  A OF SUBDIVISION ONE OF THIS SECTION OR THE FIRST OF
 JULY, TWO THOUSAND TWENTY-FIVE FOR REBATES GRANTED PURSUANT TO PARAGRAPH
 B OF SUBDIVISION ONE OF THIS SECTION may file  an  application  for  the
 rebate  authorized  pursuant  to this section, provided that, such owner
 satisfies the requirements described in subdivision one of this section,
 and provided, further, that for an eligible property that serves as  the
 primary  residence of more than one owner, all such owners shall jointly
 file an application for such rebate. Notwithstanding  any  provision  of
 any  general, special or local law to the contrary, an application for a
 rebate authorized pursuant to this section shall be filed by  electronic
 means  on  or  before  the  date  or  dates established in the local law
 adopted pursuant to this section. Upon a showing by  an  applicant  that
 filing an application by electronic means is not practicable for reasons
 including  but  not limited to lack of access to, or ability to use, the
 technology needed to file  by  electronic  means,  the  commissioner  of
 finance  may  grant a waiver of the requirement to file such application
 by electronic means. No rebate shall be granted pursuant to this section
 unless the owner files such application within the time period  or  time
 periods prescribed by the local law adopted pursuant to this section. No
 more than one application shall be submitted for an eligible property.
   c.  Review  of  submission.  The  burden  shall be on the applicant to
 establish that the property is the primary residence of such  applicant,
 that the qualified gross income of all the owners for whom such property
 serves  as their primary residence is two hundred fifty thousand dollars
 or less FOR REBATES GRANTED PURSUANT TO PARAGRAPH A OF  SUBDIVISION  ONE
 OF  THIS  SECTION  OR  FIVE HUNDRED THOUSAND DOLLARS OR LESS FOR REBATES
 GRANTED PURSUANT TO PARAGRAPH B OF SUBDIVISION ONE OF THIS  SECTION  and
 that  any  other requirements relating to the granting of the rebate are
 satisfied.
   § 5. Subdivision 7 of section 467-l of the real property tax  law,  as
 added by chapter 216 of the laws of 2022, is amended to read as follows:
   7.  Denial and revocation of rebate. a. Generally. The commissioner of
 finance shall deny an application for a  rebate  or  revoke  any  rebate
 authorized pursuant to this section if it appears that: (i) the property
 does not serve as the primary residence of the owner who has applied for
 such  rebate or who received the real property tax exemption pursuant to
 section four hundred twenty-five of this title or a  school  tax  relief
 credit  pursuant  to  subsection (eee) of section six hundred six of the
 tax law for such property for the fiscal year commencing on the first of
 July, two thousand twenty-two FOR REBATES GRANTED PURSUANT TO  PARAGRAPH
 A  OF SUBDIVISION ONE OF THIS SECTION OR THE FIRST OF JULY, TWO THOUSAND
 TWENTY-FIVE FOR REBATES GRANTED PURSUANT TO PARAGRAPH B  OF  SUBDIVISION
 ONE OF THIS SECTION, (ii) prior to the granting of the rebate authorized
 pursuant  to this section, title to the property has been transferred to
 a new owner other than to an immediate family member for whom the  prop-
 erty  serves  as  the primary residence until, at a minimum, the date on
 which such rebate is granted, or (iii)  the  property  is  otherwise  no
 longer eligible for the rebate.
   b.  Rights of owners. Upon determining that a rebate authorized pursu-
 ant to this section shall be revoked, the commissioner of finance  shall
 send  a  notice  so stating to the affected owner at the time and in the
 S. 8280                             5
 
 manner to be provided in the local law adopted pursuant to this section.
 Granting a rebate authorized pursuant to this section, denying a  rebate
 pursuant to subdivision five of this section, denying an application for
 a  rebate pursuant to paragraph b of subdivision six of this section, or
 revoking a rebate granted pursuant to this section  shall  constitute  a
 final determination of the commissioner of finance, unless, within nine-
 ty  days,  the  owner seeks administrative review by the commissioner of
 finance of such determination, provided that the burden shall be on  the
 owner  to  establish  eligibility for the rebate. The failure to grant a
 rebate authorized pursuant to this  section  to  an  owner  who  is  not
 required  to  submit an application pursuant to subdivision five of this
 section and who does not receive a notice of  denial  pursuant  to  such
 subdivision  shall  constitute a final determination by the commissioner
 of finance unless such owner seeks administrative review by such commis-
 sioner of such determination no later than the first of July, two  thou-
 sand  twenty-three FOR REBATES GRANTED PURSUANT TO PARAGRAPH A OF SUBDI-
 VISION ONE OF THIS SECTION OR THE FIRST OF JULY, TWO THOUSAND TWENTY-SIX
 FOR REBATES GRANTED PURSUANT TO PARAGRAPH B OF SUBDIVISION ONE  OF  THIS
 SECTION.
   §  6.  Subdivision 9 of section 467-l of the real property tax law, as
 added by chapter 216 of the laws of 2022, is amended to read as follows:
   9. Record of ownership of an eligible property. Any local law  adopted
 pursuant  to  this  section  shall require that ownership of an eligible
 property be recorded with the city register, the Richmond county  clerk,
 or  the  automated  city register information system by the thirtieth of
 June, two thousand twenty-two FOR REBATES GRANTED PURSUANT TO  PARAGRAPH
 A OF SUBDIVISION ONE OF THIS SECTION OR THE THIRTIETH OF JUNE, TWO THOU-
 SAND TWENTY-FIVE FOR REBATES GRANTED PURSUANT TO PARAGRAPH B OF SUBDIVI-
 SION ONE OF THIS SECTION.
   §  7.  Subparagraph  (3)  of  paragraph a of subdivision 13 of section
 467-l of the real property tax law, as added by chapter 216 of the  laws
 of 2022, is amended to read as follows:
   (3)  the  applicant claimed that the qualified gross income of all the
 owners for whom such property serves as their primary residence was  two
 hundred  fifty  thousand dollars or less FOR REBATES GRANTED PURSUANT TO
 PARAGRAPH A OF SUBDIVISION ONE OF THIS SECTION OR FIVE HUNDRED  THOUSAND
 DOLLARS  OR LESS FOR REBATES GRANTED PURSUANT TO PARAGRAPH B OF SUBDIVI-
 SION ONE OF THIS SECTION, when the qualified gross income of such owners
 was a substantially higher amount.
   § 8. This act shall take effect immediately and  shall  be  deemed  to
 have been in full force and effect on and after June 1, 2025.

2025-S8280A (ACTIVE) - Details

See Assembly Version of this Bill:: A8806
Current Committee:: Senate Cities 1
Law Section:: Real Property Tax Law
Laws Affected:: Amd §467-l, RPT L

2025-S8280A (ACTIVE) - Summary

Relates to a rebate against real property taxes for certain owners of real property in the city of New York for the fiscal year commencing July 1, 2024.

2025-S8280A (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S8280A

SPONSOR: SEPULVEDA
 
TITLE OF BILL:

An act to amend the real property tax law, in relation to a rebate
against real property taxes for certain owners of real property in the
city of New York

 
SUMMARY OF PROVISIONS:

Section one amends RPTL Section 467-1 to allow for the extension of the
real property tax rebate in New York City for 2024-2025 and increases
the maximum combined income of property owners to five hundred thousand
dollars for tax year 2023.

Section two makes technical changes to RPTL Section 467-1 to align with
the changes in section one to the program timeline and income require-
ments.

Section three makes technical changes to RPTL Section 467-1 to align
with the changes in section one to the program timeline and sets the
amount of the rebate to the lesser of one hundred seventy-five dollars

or the annual tax imposed on the property.

Section four makes technical changes to RPTL Section 467-1 to align with
the changes in section one to the program timeline.

Section five makes technical changes to RPTL Section 467-1 to align with
the changes in section one to the program timeline and provides that
property owners may seek administrative review by the commissioner of
finance regarding eligibility determination no later than July 1, 2026.

Section six makes technical changes to RPTL Section 467-1 to align with
the changes in section one to income requirements.

Section seven is the effective date.

 
JUSTIFICATION:

Over the last thirteen years, property tax bills for New York City home-
owners have grown faster than household incomes, meaning homeowners
commit a growing portion of their income to property taxes each year.
While some may argue higher home values are a windfall for many homeown-
ers, the reality is that many homeowners have no way to easily access
that wealth to pay for their day-to-day needs. Rather, it makes meeting
those needs more difficult as property taxes take an increasing cut of
their incomes. Providing a property tax rebate to working and middle
class homeowners, as was originally authorized in 2022, will help alle-
viate some of the pressures caused by increased property values.

 
LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATION:

None to the state.

 
EFFECTIVE DATE:
This act shall take effect immediately; provided, however, if this act
shall have become a law after June 1, 2025, it shall take effect imme-
diately and shall be deemed to have been in full forceò and effect on
and after June 1, 2025.

2025-S8280A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8280--A
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               May 29, 2025
                                ___________
 
 Introduced by Sen. SEPULVEDA -- read twice and ordered printed, and when
   printed  to  be  committed  to  the Committee on Cities 1 -- 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  a  rebate
   against real property taxes for certain owners of real property in the
   city of New York
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 1 of section 467-l of  the  real  property  tax
 law,  as added by chapter 216 of the laws of 2022, is amended to read as
 follows:
   1. Generally. Notwithstanding any provision of any general, special or
 local law to the contrary, a city having a population of one million  or
 more is hereby authorized and empowered to adopt and amend local laws in
 accordance  with  this section to grant a rebate of the annual tax of an
 eligible property, in the amount  provided  in  this  section,  for  the
 fiscal  year  beginning  on the first of July, two thousand [twenty-one]
 TWENTY-FOUR and ending on the thirtieth of June, two  thousand  [twenty-
 two]  TWENTY-FIVE  to  the owner of such eligible property, provided the
 qualified gross income of all the owners for whom such  property  serves
 as  their  primary  residence  was  [two]  FIVE hundred [fifty] thousand
 dollars or less in tax year two thousand  [twenty]  TWENTY-THREE.  Where
 the  eligible property, other than an eligible property that is a dwell-
 ing unit in residential property held in the cooperative form of  owner-
 ship,  is in arrears in the payment of real property taxes, assessments,
 and any other charges that are made a lien subject to the provisions  of
 chapter  three of title eleven of the administrative code of the city of
 New York other than water rents, sewer rents and sewer surcharges,  such
 rebate  shall be applied to any such unpaid real property taxes, assess-
 ments, and other charges on the account of such eligible property. Where
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13200-02-5

 S. 8280--A                          2
 
 the eligible property is a dwelling unit in residential property held in
 the cooperative form of ownership and such residential  property  is  in
 arrears  in  the  payment  of  real property taxes, assessments, and any
 other  charges that are made a lien subject to the provisions of chapter
 three of title eleven of the administrative code of the city of New York
 other than water rents, sewer rents and sewer  surcharges,  such  rebate
 shall  be  applied  to  any unpaid real property taxes, assessments, and
 other charges on the account of such residential property in  an  amount
 equal  to  the  proportionate share of the arrears of the dwelling unit.
 Notwithstanding any provision of this article to the contrary, an  owner
 whose  property  is  receiving benefits pursuant to any other section of
 this article shall not be prohibited from receiving a rebate  authorized
 pursuant  to this section if such owner is otherwise eligible to receive
 such rebate.
   § 2. Paragraphs a, d, f and k of subdivision 2 of section 467-l of the
 real property tax law, as added by chapter 216 of the laws of 2022,  are
 amended to read as follows:
   a.  "Annual tax" means the amount of real property tax that is imposed
 on a property for the fiscal year beginning on the first  of  July,  two
 thousand  [twenty-one]  TWENTY-FOUR,  determined after reduction for any
 amount for which such property is exempt, or which is  abated,  pursuant
 to applicable law, provided that, for a property that is a dwelling unit
 in  residential  property  held  in  the  cooperative form of ownership,
 "annual tax" means the amount of real property tax that  is  imposed  on
 such  residential  property  divided  by the number of units within such
 residential property, including dwelling units and units used  primarily
 for  professional or commercial purposes, determined after reduction for
 any amount for which such property that is a dwelling unit is exempt, or
 which is abated, pursuant to applicable law.
   d. "Eligible property" means a property that, beginning  on  or  after
 June  fifteenth,  two  thousand  [twenty-two] TWENTY-FIVE, serves as the
 primary residence of the owner of such  property,  and  served  as  such
 owner's primary residence during the ninety days prior to such date.
   f.  "Owner"  means  one  or  more natural persons who, beginning on or
 after June fifteenth, two thousand [twenty-two] TWENTY-FIVE, either:
   (i) owns a property in fee simple absolute or as a tenant in common, a
 joint tenant or a tenant by the entirety;
   (ii) is a tenant-stockholder of a  cooperative  apartment  corporation
 who  resides  in  a  portion  of real property owned by such cooperative
 apartment corporation, to the  extent  represented  by  their  share  or
 shares  of stock in such corporation as determined by their proportional
 relationship to the total outstanding stock of such corporation, includ-
 ing such stock owned by such corporation; or
   (iii) owns a present interest in a property under a life estate or who
 is a beneficial owner under a trust.
   k. "Substantially higher"  means  no  more  than  [two]  FIVE  hundred
 [seventy-five] TWENTY-FIVE thousand dollars.
   § 3. Subdivisions 3, 4 and 5 of section 467-l of the real property tax
 law, as added by chapter 216 of the laws of 2022, are amended to read as
 follows:
   3.  Primary  residence. Any local law adopted pursuant to this section
 shall establish a process by which an owner of a property  shall  demon-
 strate primary residence, provided that such local law shall not require
 such  demonstration  from  an  owner  who  receives  a real property tax
 exemption pursuant to section four hundred twenty-five of this title  or
 a  school  tax relief credit pursuant to subsection (eee) of section six
 S. 8280--A                          3
 
 hundred six of the tax  law  for  such  property  for  the  fiscal  year
 commencing on the first of July, two thousand [twenty-two] TWENTY-FIVE.
   4.  Amount  of  rebate. The amount of the rebate to be provided by the
 commissioner of finance shall be  the  lesser  of  one  hundred  [fifty]
 SEVENTY-FIVE dollars or the annual tax imposed on the property.
   5.   Qualification  for  rebate  for  recipients  of  STAR  credit  or
 exemption.  The owner of an eligible property who receives a real  prop-
 erty  tax exemption pursuant to section four hundred twenty-five of this
 title or a school tax relief credit  pursuant  to  subsection  (eee)  of
 section six hundred six of the tax law for the fiscal year commencing on
 the  first  of July, two thousand [twenty-two] TWENTY-FIVE and satisfies
 the requirements described in subdivision one of this section shall  not
 be  required  to file, and shall not file, an application for the rebate
 authorized pursuant to this section. To the extent the  commissioner  of
 finance  determines  that  such  an  owner is not entitled to the rebate
 authorized pursuant to this section, the commissioner shall send to such
 owner a notice of denial of the rebate.
   § 4. Paragraphs a and c of subdivision 6 of section 467-l of the  real
 property  tax  law,  as  added  by  chapter 216 of the laws of 2022, are
 amended to read as follows:
   a. Generally. The owner of an eligible property who does not receive a
 real property tax exemption pursuant to section four hundred twenty-five
 of this title or a school tax relief credit pursuant to subsection (eee)
 of section six hundred six of the tax law for the fiscal year commencing
 on the first of July, two thousand [twenty-two] TWENTY-FIVE may file  an
 application for the rebate authorized pursuant to this section, provided
 that, such owner satisfies the requirements described in subdivision one
 of  this  section,  and provided, further, that for an eligible property
 that serves as the primary residence of more than one  owner,  all  such
 owners  shall jointly file an application for such rebate. Notwithstand-
 ing any provision of any general, special or local law to the  contrary,
 an application for a rebate authorized pursuant to this section shall be
 filed  by electronic means on or before the date or dates established in
 the local law adopted pursuant to this section. Upon  a  showing  by  an
 applicant  that filing an application by electronic means is not practi-
 cable for reasons including but not limited to lack  of  access  to,  or
 ability  to  use, the technology needed to file by electronic means, the
 commissioner of finance may grant a waiver of the  requirement  to  file
 such  application by electronic means. No rebate shall be granted pursu-
 ant to this section unless the owner files such application  within  the
 time period or time periods prescribed by the local law adopted pursuant
 to  this section. No more than one application shall be submitted for an
 eligible property.
   c. Review of submission. The burden  shall  be  on  the  applicant  to
 establish  that the property is the primary residence of such applicant,
 that the qualified gross income of all the owners for whom such property
 serves as their primary residence is [two] FIVE hundred [fifty] thousand
 dollars or less and that any other requirements relating to the granting
 of the rebate are satisfied.
   § 5. Subdivisions 7 and 9 of section 467-l of the  real  property  tax
 law, as added by chapter 216 of the laws of 2022, are amended to read as
 follows:
   7.  Denial and revocation of rebate. a. Generally. The commissioner of
 finance shall deny an application for a  rebate  or  revoke  any  rebate
 authorized pursuant to this section if it appears that: (i) the property
 does not serve as the primary residence of the owner who has applied for
 S. 8280--A                          4
 
 such  rebate or who received the real property tax exemption pursuant to
 section four hundred twenty-five of this title or a  school  tax  relief
 credit  pursuant  to  subsection (eee) of section six hundred six of the
 tax law for such property for the fiscal year commencing on the first of
 July,  two thousand [twenty-two] TWENTY-FIVE, (ii) prior to the granting
 of the rebate authorized pursuant to this section, title to the property
 has been transferred to a new owner other than to  an  immediate  family
 member for whom the property serves as the primary residence until, at a
 minimum, the date on which such rebate is granted, or (iii) the property
 is otherwise no longer eligible for the rebate.
   b.  Rights of owners. Upon determining that a rebate authorized pursu-
 ant to this section shall be revoked, the commissioner of finance  shall
 send  a  notice  so stating to the affected owner at the time and in the
 manner to be provided in the local law adopted pursuant to this section.
 Granting a rebate authorized pursuant to this section, denying a  rebate
 pursuant to subdivision five of this section, denying an application for
 a  rebate pursuant to paragraph b of subdivision six of this section, or
 revoking a rebate granted pursuant to this section  shall  constitute  a
 final determination of the commissioner of finance, unless, within nine-
 ty  days,  the  owner seeks administrative review by the commissioner of
 finance of such determination, provided that the burden shall be on  the
 owner  to  establish  eligibility for the rebate. The failure to grant a
 rebate authorized pursuant to this  section  to  an  owner  who  is  not
 required  to  submit an application pursuant to subdivision five of this
 section and who does not receive a notice of  denial  pursuant  to  such
 subdivision  shall  constitute a final determination by the commissioner
 of finance unless such owner seeks administrative review by such commis-
 sioner of such determination no later than the first of July, two  thou-
 sand [twenty-three] TWENTY-SIX.
   9.  Record of ownership of an eligible property. Any local law adopted
 pursuant to this section shall require that  ownership  of  an  eligible
 property  be recorded with the city register, the Richmond county clerk,
 or the automated city register information system by  the  thirtieth  of
 June, two thousand [twenty-two] TWENTY-FIVE.
   §  6. Subparagraph 3 of paragraph a of subdivision 13 of section 467-l
 of the real property tax law, as added by chapter 216  of  the  laws  of
 2022, is amended to read as follows:
   (3)  the  applicant claimed that the qualified gross income of all the
 owners for whom such property serves  as  their  primary  residence  was
 [two]  FIVE hundred [fifty] thousand dollars or less, when the qualified
 gross income of such owners was a substantially higher amount.
   § 7. This act shall take effect  immediately;  provided,  however,  if
 this  act  shall  have  become  a  law after June 1, 2025, it shall take
 effect immediately and shall be deemed to have been in  full  force  and
 effect on and after June 1, 2025.

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Find your Senator and share your views on important issues.

Do you support this bill?

Senate Bill S8280A

Sponsored By

Current Bill Status - In Senate Committee Cities 1 Committee

Actions

Bill Amendments

2025-S8280 - Details

2025-S8280 - Summary

2025-S8280 - Sponsor Memo

2025-S8280 - Bill Text download pdf

2025-S8280A (ACTIVE) - Details

2025-S8280A (ACTIVE) - Summary

2025-S8280A (ACTIVE) - Sponsor Memo

2025-S8280A (ACTIVE) - Bill Text download pdf

Comments

Do you support this bill?

Get Status Alerts for 2025-S8280A

Senate Bill S8280A

Share this bill

Sponsored By

Luis R. Sepúlveda

Current Bill Status - In Senate Committee Cities 1 Committee

Actions

Bill Amendments

2025-S8280 - Details

2025-S8280 - Summary

2025-S8280 - Sponsor Memo

2025-S8280 - Bill Text download pdf

2025-S8280A (ACTIVE) - Details

2025-S8280A (ACTIVE) - Summary

2025-S8280A (ACTIVE) - Sponsor Memo

2025-S8280A (ACTIVE) - Bill Text download pdf

Comments