Bill S3508-2013

Establishes a capped property school tax rate for persons sixty-seven years of age or older who have a combined annual income of $60,000 or less

Establishes a capped property school tax rate for persons sixty-seven years of age or older who have a combined annual income of $60,000 or less.

Details

Actions

  • Jan 8, 2014: REFERRED TO AGING
  • Jun 21, 2013: COMMITTED TO RULES
  • Mar 14, 2013: ADVANCED TO THIRD READING
  • Mar 13, 2013: 2ND REPORT CAL.
  • Mar 12, 2013: 1ST REPORT CAL.186
  • Feb 5, 2013: REFERRED TO AGING

Meetings

Calendars

Votes

VOTE: COMMITTEE VOTE: - Aging - Mar 12, 2013
Ayes (7): Felder, LaValle, Zeldin, Valesky, Adams, Diaz, Addabbo
Ayes W/R (4): Golden, Marchione, Avella, Stavisky

Memo

BILL NUMBER:S3508

TITLE OF BILL: An act to amend the real property tax law, in relation to establishing a capped real property school tax rate for persons sixty-seven years of age or older whose combined annual income is sixty thousand dollars or less

PURPOSE: This legislation will establish a capped property school tax rate for persons sixty-seven years of age or older who have a combined income of $60,000 or less.

SUMMARY OF PROVISIONS:

Section 1 - The real property tax lawns amended by adding a new section 431 to cap the real property school tax rate on homeowners who are 67 years of age and over and whose combined annual income is $60,000 or less.

Requirements are included to determine annual applications, taxable status date and proof of age. Also provides every school district to notify, or cause to be notified the provisions of this section. A sample notice of form is offered to fulfill such requirement.

JUSTIFICATION: Due to skyrocketing property and school taxes, seniors are being forced out of their homes and out of New York State at an alarming rate. Often, our seniors live on fixed incomes and a strict budget. New York residents have fallen victim to rising taxes fueled by over spending and waste.

This legislation seeks to remedy New York's property and school tax crisis for seniors by establishing a capped property school tax rate for those individuals sixty seven years or older and have a combined income of 60,000 dollars or less a year. By establishing a capped real property school tax rate it would be providing much needed financial relief to our senior citizens.

LEGISLATIVE HISTORY: 5/3/11 Referred to Local Government 6/21/12 Committed to Rules

FISCAL IMPLICATIONS: To be determined.

EFFECTIVE DATE: This act shall take effect January 1, 2014 and shall apply to assessment rolls prepared on the basis of taxable status dates occurring on or after such date.


Text

STATE OF NEW YORK ________________________________________________________________________ 3508 2013-2014 Regular Sessions IN SENATE February 5, 2013 ___________
Introduced by Sen. BALL -- 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 establishing a capped real property school tax rate for persons sixty-seven years of age or older whose combined annual income is sixty thousand dollars or less THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 431 to read as follows: S 431. PERSONS SIXTY-SEVEN YEARS OF AGE OR OVER; CAPPED REAL PROPERTY SCHOOL TAX RATE. 1. (A) RESIDENTIAL REAL PROPERTY OWNED AND OCCUPIED BY ONE OR MORE PERSONS, EACH OF WHOM IS SIXTY-SEVEN YEARS OF AGE OR OVER AND WHOSE COMBINED ANNUAL INCOME IS SIXTY THOUSAND DOLLARS OR LESS, OR RESIDENTIAL REAL PROPERTY OWNED AND OCCUPIED BY HUSBAND AND WIFE, ONE OF WHOM IS SIXTY-SEVEN YEARS OF AGE OR OVER AND WHOSE COMBINED ANNUAL INCOME IS SIXTY THOUSAND DOLLARS OR LESS, SHALL BE ELIGIBLE FOR THE CAPPED REAL PROPERTY SCHOOL TAX RATE SET FORTH IN THIS SECTION. (B) FOR PURPOSES OF THIS SECTION, THE TERM "CAPPED REAL PROPERTY SCHOOL TAX RATE" SHALL MEAN THE LOWER OF: (I) THE REAL PROPERTY SCHOOL TAX RATE ESTABLISHED ON THE TAXABLE STATUS DATE NEXT SUCCEEDING THE DATE ON WHICH AN ELIGIBLE PERSON ATTAINS THE AGE OF SIXTY-SEVEN YEARS; OR (II) THE REAL PROPERTY SCHOOL TAX RATE ESTABLISHED ON ANY TAXABLE STATUS DATE SUBSEQUENT TO THE DATE ON WHICH AN ELIGIBLE PERSON ATTAINS THE AGE OF SIXTY-SEVEN YEARS, WHICH IS LOWER THAN THE REAL PROPERTY SCHOOL TAX RATE ESTABLISHED PURSUANT TO SUBPARAGRAPH (I) OF THIS PARA- GRAPH. (C) THE CAPPED REAL PROPERTY SCHOOL TAX RATE SHALL BE DETERMINED ANNU- ALLY FOR EACH ELIGIBLE PERSON SIXTY-SEVEN YEARS OF AGE OR OLDER IN
ACCORDANCE WITH THE PROVISIONS OF PARAGRAPHS (A) AND (B) OF THIS SUBDI- VISION. 2. ANY PERSON ELIGIBLE FOR THE CAPPED REAL PROPERTY SCHOOL TAX RATE SHALL APPLY ANNUALLY FOR SUCH CAPPED RATE. SUCH APPLICATION SHALL BE MADE IN A MANNER AND FORM DETERMINED BY THE COMMISSIONER AND SHALL REQUIRE PROOF OF THE APPLICANT'S AGE. SUCH APPLICATION SHALL BE FILED WITH THE LOCAL ASSESSOR ON OR BEFORE THE TAXABLE STATUS DATE FOR SUCH DISTRICT. 3. EVERY SCHOOL DISTRICT SHALL NOTIFY, OR CAUSE TO BE NOTIFIED, EACH PERSON OWNING RESIDENTIAL REAL PROPERTY IN THE SCHOOL DISTRICT OF THE PROVISIONS OF THIS SECTION. THE PROVISIONS OF THIS SUBDIVISION MAY BE MET BY A NOTICE SENT TO SUCH PERSONS IN SUBSTANTIALLY THE FOLLOWING FORM: "RESIDENTIAL REAL PROPERTY OWNED BY PERSONS SIXTY-SEVEN YEARS OF AGE OR OLDER MAY BE ELIGIBLE FOR A CAPPED REAL PROPERTY SCHOOL TAX RATE. TO RECEIVE SUCH CAPPED RATE, ELIGIBLE OWNERS OF QUALIFYING PROPERTY MUST FILE AN APPLICATION WITH THEIR LOCAL ASSESSOR ON OR BEFORE THE APPLICA- BLE TAXABLE STATUS DATE. FOR FURTHER INFORMATION, PLEASE CONTACT YOUR LOCAL ASSESSOR." S 2. This act shall take effect January 1, 2014 and shall apply to assessment rolls prepared on the basis of taxable status dates occurring on or after such date.

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