Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to local government |
Jan 07, 2009 |
referred to local government |
Senate Bill S542
2009-2010 Legislative Session
Sponsored By
(R, IP) Senate District
Archive: Last Bill Status - In Senate Committee Local Government 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
Actions
2009-S542 (ACTIVE) - Details
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §425, RPT L
2009-S542 (ACTIVE) - Summary
Extends the availability of the STAR exemption to certain business property provided such property is owned by the owner of an unincorporated business having no more than 100 employees or by other non-corporate owners employing a similar number of employees; provides that such exemption shall apply for one year and must be renewed by application to the assessor.
2009-S542 (ACTIVE) - Sponsor Memo
BILL NUMBER: S542 TITLE OF BILL : An act to amend the real property tax law, in relation to extending the school tax relief exemption to certain business property PURPOSE : This bill extends the benefits of the STAR program to include independent unincorporated businesses with less than one hundred employees. It would allow owners of such real property to claim an annual exemption equal to the applicable percentage of the assessed value. SUMMARY OF PROVISIONS : Section 1: Amends Section 425(3) of the Real Property Tax Law to establish a STAR exemption for owners of real property used for commercial or industrial purposes. The exemption would equal the applicable percentage of assessed value, which is fifteen percent when the assessed value is two hundred thousand or less and ten percent when such value is over two hundred thousand. To qualify for the above exemption, the property must be owned by the owner of an unincorporated business, on average employ less than one hundred employees within the state, and must be independently owned and operated. Such exemption shall apply for one year and must be renewed by application to the assessor on or before the applicable taxable
2009-S542 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 542 2009-2010 Regular Sessions I N S E N A T E (PREFILED) January 7, 2009 ___________ Introduced by Sen. ALESI -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to extending the school tax relief exemption to certain business property THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 3 of section 425 of the real property tax law is amended by adding a new paragraph (f) to read as follows: (F) BUSINESS PROPERTY. NOTWITHSTANDING PARAGRAPHS (A) AND (B) OF THIS SUBDIVISION, REAL PROPERTY USED FOR COMMERCIAL AND INDUSTRIAL PURPOSES SHALL BE ENTITLED TO AN EXEMPTION EQUAL TO THE APPLICABLE PERCENTAGE OF ASSESSED VALUE IF SUCH PROPERTY IS OWNED BY THE OWNER OF AN UNINCORPO- RATED BUSINESS HAVING NO MORE THAN ONE HUNDRED EMPLOYEES AND WHICH SO USES SUCH PROPERTY OR BY ANY PARTNERSHIP, LIMITED LIABILITY COMPANY, CORPORATION, OR ANY OTHER BUSINESS ORGANIZATION HAVING NO MORE THAN ONE HUNDRED EMPLOYEES AND WHICH SO USES SUCH PROPERTY. PROVIDED, THAT OVER FIFTY PERCENT OF VOTING CONTROL OF SUCH PARTNERSHIP, LIMITED LIABILITY COMPANY, CORPORATION OR ORGANIZATION IS NOT OWNED OR CONTROLLED, DIRECT- LY OR INDIRECTLY, BY A SINGLE CORPORATION, A SINGLE PARTNERSHIP OR A SINGLE LIMITED LIABILITY COMPANY. FOR PURPOSES OF THIS PARAGRAPH, THE NUMBER OF EMPLOYEES SHALL BE THE AVERAGE NUMBER OF EMPLOYEES WITHIN THE STATE, EXCEPT GENERAL EXECUTIVE OFFICERS, OF SUCH TAXPAYER DURING THE PRECEDING CALENDAR YEAR. SUCH AVERAGE SHALL BE COMPUTED BY ASCERTAINING THE NUMBER OF EMPLOYEES WITHIN THE STATE, EXCEPT GENERAL EXECUTIVE OFFI- CERS, EMPLOYED BY THE TAXPAYER ON THE THIRTY-FIRST DAY OF MARCH, THE THIRTIETH DAY OF JUNE, THE THIRTIETH DAY OF SEPTEMBER AND THE THIRTY-FIRST DAY OF DECEMBER IN SUCH TAXABLE YEAR, BY ADDING TOGETHER THE NUMBER OF EMPLOYEES ASCERTAINED ON EACH OF SUCH DATES AND DIVIDING THE SUM SO OBTAINED BY THE NUMBER OF SUCH ABOVEMENTIONED DATES OCCURRING WITHIN SUCH TAXABLE YEAR. FOR PURPOSES OF THIS PARAGRAPH, THE TERM EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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.