Senate Bill S5483

2015-2016 Legislative Session

Relates to creating school tax relief for property within a school district where a power plant has been removed

download bill text pdf

Sponsored By

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

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

2015-S5483 (ACTIVE) - Details

See Assembly Version of this Bill:
A6251
Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Add §§425-b & 1306-b, RPT L

2015-S5483 (ACTIVE) - Summary

Relates to creating school tax relief for property within a school district where a power plant has been removed.

2015-S5483 (ACTIVE) - Sponsor Memo

2015-S5483 (ACTIVE) - Bill Text download pdf

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

                                  5483

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              May 14, 2015
                               ___________

Introduced  by  Sen.  LARKIN -- 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  creating
  school  tax relief for property within a school district where a power
  plant  has  been  removed;  and  providing  for  the  repeal  of  such
  provisions upon expiration thereof

  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 425-b to read as follows:
  S 425-B. ADDITIONAL SCHOOL TAX RELIEF (STAR) EXEMPTION. 1.  GENERALLY.
IN ADDITION TO THE EXEMPTIONS PROVIDED FOR IN SECTION FOUR HUNDRED TWEN-
TY-FIVE OF THIS TITLE, REAL PROPERTY WHICH SATISFIES THE REQUIREMENTS OF
THIS  SECTION  SHALL  BE  EXEMPT  FROM  TAXATION  FOR SCHOOL PURPOSES AS
PROVIDED HEREIN.
  2. EXEMPT AMOUNT. THE EXEMPT AMOUNT FOR EACH PROPERTY SHALL BE  TWENTY
THOUSAND DOLLARS OF ITS ASSESSED VALUE.
  3.  ELIGIBILITY REQUIREMENT. TO QUALIFY FOR EXEMPTION PURSUANT TO THIS
SECTION, THE PROPERTY MUST BE WITHIN A SCHOOL  DISTRICT  WHERE  A  POWER
PLANT  HAS  BEEN  PHYSICALLY  REMOVED BETWEEN TWO THOUSAND EIGHT AND THE
EFFECTIVE DATE OF THIS SECTION.
  4. PROCEDURE. ALL PROPERTY LOCATED WITHIN THE SCHOOL DISTRICT WHICH IS
ELIGIBLE UNDER SUBDIVISION THREE OF  THIS  SECTION  SHALL  AUTOMATICALLY
RECEIVE SUCH EXEMPTION.
  5. EFFECT OF EXEMPTION. THE EXEMPTION AUTHORIZED BY THIS SECTION SHALL
HAVE THE EFFECT SPECIFIED IN SECTION ONE THOUSAND THREE HUNDRED SIX-B OF
THIS  CHAPTER.  THE  EXEMPTION  SHALL NOT BE CONSIDERED WHEN DETERMINING
STATE AID TO EDUCATION PURSUANT TO SECTION THIRTY-SIX HUNDRED TWO OF THE
EDUCATION LAW, WHEN DETERMINING SCHOOL DISTRICT DEBT LIMITS PURSUANT  TO
LAW,  WHEN  DETERMINING THE AMOUNT OF TAXES TO BE LEVIED BY OR ON BEHALF
OF A SCHOOL DISTRICT, WHEN CALCULATING TAX RATES FOR A SCHOOL  DISTRICT,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09784-03-5
              

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.