Senate Bill S2450

2015-2016 Legislative Session

Concerns primary residences owned by limited liability companies that are occupied by veterans

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Veterans, Homeland Security And Military Affairs 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

Do you support this bill?

Please enter your contact information

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
Votes

2015-S2450 (ACTIVE) - Details

Current Committee:
Senate Veterans, Homeland Security And Military Affairs
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยงยง458 & 458-a, RPT L
Versions Introduced in 2013-2014 Legislative Session:
S6348

2015-S2450 (ACTIVE) - Summary

Concerns primary residences owned by limited liability companies that are occupied by veterans.

2015-S2450 (ACTIVE) - Sponsor Memo

2015-S2450 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2450

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 23, 2015
                               ___________

Introduced  by  Sen.  FARLEY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Veterans, Homeland Securi-
  ty and Military Affairs

AN ACT to amend the real property tax law, in relation to veteran  occu-
  pied primary residences owned by a limited liability company

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 458 of the real property  tax  law  is  amended  by
adding a new subdivision 7-a to read as follows:
  7-A.  NOTWITHSTANDING  ANY OTHER PROVISION OF LAW TO THE CONTRARY, THE
PROVISIONS OF THIS SECTION SHALL APPLY TO ANY REAL PROPERTY OWNED  BY  A
LIMITED  LIABILITY COMPANY, AS DEFINED BY SUBDIVISION (M) OF SECTION ONE
HUNDRED TWO OF THE  LIMITED  LIABILITY  COMPANY  LAW,  IF  SUCH  LIMITED
LIABILITY  COMPANY  IS  OWNED  BY  SUCH  PERSON  OR  PERSONS TO WHOM THE
EXEMPTION WOULD BE GRANTED HAD SUCH PERSON OR  PERSONS  OWNED  THE  REAL
PROPERTY IN QUESTION RATHER THAN THE LIMITED LIABILITY COMPANY.
  S 2. Paragraph (c) of subdivision 1 of section 458-a of the real prop-
erty  tax law, as amended by chapter 100 of the laws of 1988, is amended
to read as follows:
  (c) "Qualified owner" means a veteran, the spouse of a  veteran  [or],
the  unremarried  surviving  spouse of a veteran, OR A LIMITED LIABILITY
COMPANY, AS DEFINED BY SUBDIVISION (M) OF SECTION ONE HUNDRED TWO OF THE
LIMITED LIABILITY COMPANY LAW, IF  SUCH  LIMITED  LIABILITY  COMPANY  IS
OWNED  BY  SUCH PERSON OR PERSONS TO WHOM THE EXEMPTION WOULD BE GRANTED
HAD SUCH PERSON OR PERSONS OWNED THE REAL PROPERTY  IN  QUESTION  RATHER
THAN THE LIMITED LIABILITY COMPANY. Where property is owned by more than
one  qualified  owner,  the  exemption  to which each is entitled may be
combined. Where a veteran is also the unremarried surviving spouse of  a
veteran,  such  person  may  also  receive  any  exemption  to which the
deceased spouse was entitled.
  S 3. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03611-02-5
              

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.