Senate Bill S3992

2015-2016 Legislative Session

Relates to prorating a veteran's exemption if such veteran moves within the same county

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Sponsored By

Archive: Last Bill Status - Stricken


  • 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

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2015-S3992 (ACTIVE) - Details

See other versions of this Bill:
A2646 ,
S2938 ,
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§458 & 458-a, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3701
2011-2012: A5518
2013-2014: A879

2015-S3992 (ACTIVE) - Summary

Relates to prorating a veteran's exemption if such veteran moves within the same county, or in the case of a city having a population of one million or more persons, within the same city.

2015-S3992 (ACTIVE) - Sponsor Memo

2015-S3992 (ACTIVE) - Bill Text download pdf

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

                                  3992

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 25, 2015
                               ___________

Introduced  by  Sen.  FUNKE  -- 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  prorating  a
  veteran's exemption if such veteran moves within the same county

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

  Section 1. Subdivision 9 of section 458 of the real property tax  law,
as  amended  by  chapter  503 of the laws of 2008, is amended to read as
follows:
  9. Notwithstanding the provisions of subdivision one of this  section,
the  governing body of any municipality may, after public hearing, adopt
a local law, ordinance or resolution  providing  where  a  veteran,  the
spouse  of the veteran or unremarried surviving spouse already receiving
an exemption pursuant to this section sells the property  receiving  the
exemption and purchases property within the same [city, town or village]
COUNTY,  OR  IN THE CASE OF A CITY HAVING A POPULATION OF ONE MILLION OR
MORE PERSONS, WITHIN THE SAME CITY,  the  assessor  shall  transfer  and
prorate,  for  the remainder of the fiscal year, the exemption which the
veteran, the spouse of  the  veteran  or  unremarried  surviving  spouse
received. The prorated exemption shall be based upon the date the veter-
an,  the  spouse  of the veteran or unremarried surviving spouse obtains
title to the new property and shall be calculated by multiplying the tax
rate or rates for each municipal corporation which levied taxes, or  for
which taxes were levied, on the appropriate tax roll used for the fiscal
year  or  years  during which the transfer occurred times the previously
granted exempt amount times the fraction of each fiscal  year  or  years
remaining  subsequent  to the transfer of title. Nothing in this section
shall be construed to remove the requirement that any such veteran,  the
spouse  of  the  veteran or unremarried surviving spouse transferring an
exemption pursuant to this subdivision shall reapply for  the  exemption

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05963-01-5
              

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