S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4138
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 1, 2011
                                      ___________
       Introduced  by  M.  of  A.  ENGLEBRIGHT -- 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, is amended to read as follows:
    4    (b) Base figure. [Subject to the adjustments  prescribed  below,  the]
    5  THE base figure for the exemption shall be as follows:
    6    (i)  [For  the nineteen hundred ninety-eight--ninety-nine school year,
    7  the base figure shall be fifty  thousand  dollars  for  eligible  senior
    8  citizens; no exemption shall be allowed for other persons.
    9    (ii)  For  the nineteen hundred ninety-nine--two thousand school year,
   10  the base figure shall be fifty  thousand  dollars  for  eligible  senior
   11  citizens, and ten thousand dollars for other eligible persons.
   12    (iii)  For  the  two  thousand--two thousand one school year, the base
   13  figure shall be fifty thousand dollars for eligible senior citizens, and
   14  twenty thousand dollars for other eligible persons.
   15    (iv) For the two thousand one--two thousand two  school  year  through
   16  the two thousand five--two thousand six school year, inclusive, the base
   17  figure shall be fifty thousand dollars for eligible senior citizens, and
   18  thirty thousand dollars for other eligible persons.
   19    (v)] For the [two thousand six--two thousand seven school year through
   20  the] two thousand eight--two thousand nine school year, [inclusive,] the
   21  base  figure for the enhanced STAR exemption shall be [fifty-six] SEVEN-
   22  TY-FIVE thousand eight hundred dollars, and  the  base  figure  for  the
   23  basic STAR exemption shall be thirty thousand dollars.
   24    [(vi)]  (II)  For  the two thousand nine--two thousand ten school year
   25  and thereafter:
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD06056-01-1
       A. 4138                             2
    1    (A) The base figure for the enhanced STAR exemption  shall  equal  the
    2  prior  year's  base  figure multiplied by the percentage increase in the
    3  consumer price index for urban wage earners and clerical workers (CPI-W)
    4  published by the United States department  of  labor,  bureau  of  labor
    5  statistics,  for  the  third  quarter of the calendar year preceding the
    6  applicable school year, as compared to the third quarter  of  the  prior
    7  calendar year. If a base figure as so determined is not exactly equal to
    8  a  multiple  of  one hundred dollars, it shall be rounded to the nearest
    9  multiple of one hundred dollars. It shall be the responsibility  of  the
   10  state board to annually determine such base figures.
   11    (B) The base figure for the basic STAR exemption shall be thirty thou-
   12  sand dollars.
   13    S  2.  This act shall take effect immediately; provided, however, that
   14  paragraph (b) of subdivision 2 of section 425 of the real  property  tax
   15  law  as  amended  by  section  one  of this act shall apply to exemption
   16  applications for the 2010-2011 school year and thereafter.