Bill Text: NY A02828 | 2015-2016 | General Assembly | Introduced
Bill Title: Provides relief for senior citizens through the STAR program, setting the base figure for the exemption for the 2008-2009 school year at seventy-five thousand eight hundred dollars for eligible senior citizens, and the base figure for the basic Star exemption at thirty thousand dollars.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2016-01-06 - referred to real property taxation [A02828 Detail]
Download: New_York-2015-A02828-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
2828
2015-2016 Regular Sessions
I N A S S E M B L Y
January 20, 2015
___________
Introduced by M. of A. ENGLEBRIGHT, MAGNARELLI -- read once and referred
to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to enhancing the
tax relief for senior citizens through the school tax relief program
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Paragraph (b) of subdivision 2 of section 425 of the real
2 property tax law, as amended by section 1 of part D-1 of chapter 57 of
3 the laws of 2007, clause (A) of subparagraph (vi) as further amended by
4 subdivision (b) of section 1 of part W of chapter 56 of the laws of
5 2010, is amended to read as follows:
6 (b) Base figure. [Subject to the adjustments prescribed below, the]
7 THE base figure for the exemption shall be as follows:
8 (i) [For the nineteen hundred ninety-eight--ninety-nine school year,
9 the base figure shall be fifty thousand dollars for eligible senior
10 citizens; no exemption shall be allowed for other persons.
11 (ii) For the nineteen hundred ninety-nine--two thousand school year,
12 the base figure shall be fifty thousand dollars for eligible senior
13 citizens, and ten thousand dollars for other eligible persons.
14 (iii) For the two thousand--two thousand one school year, the base
15 figure shall be fifty thousand dollars for eligible senior citizens, and
16 twenty thousand dollars for other eligible persons.
17 (iv) For the two thousand one--two thousand two school year through
18 the two thousand five--two thousand six school year, inclusive, the base
19 figure shall be fifty thousand dollars for eligible senior citizens, and
20 thirty thousand dollars for other eligible persons.
21 (v)] For the [two thousand six--two thousand seven school year through
22 the] two thousand eight--two thousand nine school year, [inclusive,] the
23 base figure for the enhanced STAR exemption shall be [fifty-six] SEVEN-
24 TY-FIVE thousand eight hundred dollars, and the base figure for the
25 basic STAR exemption shall be thirty thousand dollars.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07354-01-5
A. 2828 2
1 [(vi)] (II) For the two thousand nine--two thousand ten school year
2 and thereafter:
3 (A) The base figure for the enhanced STAR exemption shall equal the
4 prior year's base figure multiplied by the percentage increase in the
5 consumer price index for urban wage earners and clerical workers (CPI-W)
6 published by the United States department of labor, bureau of labor
7 statistics, for the third quarter of the calendar year preceding the
8 applicable school year, as compared to the third quarter of the prior
9 calendar year. If a base figure as so determined is not exactly equal to
10 a multiple of one hundred dollars, it shall be rounded to the nearest
11 multiple of one hundred dollars. It shall be the responsibility of the
12 commissioner to annually determine such base figures.
13 (B) The base figure for the basic STAR exemption shall be thirty thou-
14 sand dollars.
15 S 2. This act shall take effect immediately; provided, however, that
16 paragraph (b) of subdivision 2 of section 425 of the real property tax
17 law as amended by section one of this act shall apply to exemption
18 applications for the 2015-2016 school year and thereafter.
