Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 21, 2014 |
tabled vetoed memo.495 |
Nov 10, 2014 |
delivered to governor |
May 12, 2014 |
returned to assembly passed senate 3rd reading cal.125 substituted for s6424b |
May 12, 2014 |
substituted by a8320b |
Mar 24, 2014 |
amended on third reading 6424b |
Feb 26, 2014 |
amended on third reading 6424a |
Feb 11, 2014 |
advanced to third reading |
Feb 10, 2014 |
2nd report cal. |
Feb 04, 2014 |
1st report cal.125 |
Jan 22, 2014 |
referred to local government |
Senate Bill S6424B
Vetoed By Governor2013-2014 Legislative Session
Sponsored By
(R, C) 7th Senate District
Archive: Last Bill Status Via A8320 - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
Bill Amendments
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
(D, IP) Senate District
2013-S6424 - Details
2013-S6424 - Sponsor Memo
BILL NUMBER:S6424 TITLE OF BILL: An act to amend the real property tax law, in relation to a real property tax exemption for farm dwellings owned by a limited liability company PURPOSE: This bill extends the STAR exemption to farm dwellings that are owned by a limited liability company. SUMMARY OF PROVISIONS: Section 1: Amends paragraph (d) of subdivision 3 of section 425 of the Real Property Tax Law to extend the STAR exemption to farm dwellings owned by an LLC, so long as the property serves as the primary residence of one or more of the owners. Section 2: Establishes the effective date. JUSTIFICATION: The STAR exemption was created to give homeowners across the State relief from school taxes. This exemption has been expanded over the years to cover the homes of farmers where the home was owned by a corporation or a partnership. This legislation will extend the
2013-S6424 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6424 I N S E N A T E January 22, 2014 ___________ Introduced by Sen. MARTINS -- 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 a real proper- ty tax exemption for farm dwellings 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. Paragraph (d) of subdivision 3 of section 425 of the real property tax law, as added by chapter 443 of the laws of 2003, is amended to read as follows: (d) Farm dwellings not owned by the resident. (i) If legal title to the farm dwelling is held by an S-corporation or by a C-corporation, the exemption shall be granted if the property serves as the primary resi- dence of a shareholder of such corporation. (ii) If the legal title to the farm dwelling is held by a partnership, the exemption shall be granted if the property serves as the primary residence of one or more of the partners. (iii) IF THE LEGAL TITLE TO THE FARM DWELLING IS HELD BY A LIMITED LIABILITY COMPANY, THE EXEMPTION SHALL BE GRANTED IF THE PROPERTY SERVES AS THE PRIMARY RESIDENCE OF ONE OR MORE OF THE OWNERS. (IV) Any information deemed necessary to establish shareholder or partner status for eligibility purposes shall be considered confidential and exempt from the freedom of information law. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13198-01-3
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
(D, IP) Senate District
2013-S6424A - Details
2013-S6424A - Sponsor Memo
BILL NUMBER:S6424A TITLE OF BILL: An act to amend the real property tax law, in relation to a real property tax exemption for farm dwellings owned by a limited liability company PURPOSE: This bill extends the STAR exemption to farm dwellings that are owned by a limited liability company. SUMMARY OF PROVISIONS: Section 1: Amends paragraph (d) of subdivision 3 of section 425 of the Real Property Tax Law to extend the STAR exemption to farm dwellings owned by an LLC, so long as the property serves as the primary residence of one or more of the owners. Section 2: Establishes the effective date. JUSTIFICATION: The STAR exemption was created to give homeowners across the State relief from school taxes. This exemption has been expanded over the years to cover the homes of farmers where the home was owned by a corporation or a partnership. This legislation will extend the
2013-S6424A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6424--A Cal. No. 125 I N S E N A T E January 22, 2014 ___________ Introduced by Sens. MARTINS, FARLEY, RITCHIE, VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the real property tax law, in relation to a real proper- ty tax exemption for farm dwellings 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. Paragraph (d) of subdivision 3 of section 425 of the real property tax law, as added by chapter 443 of the laws of 2003, is amended to read as follows: (d) Farm dwellings not owned by the resident. (i) If legal title to the farm dwelling is held by an S-corporation or by a C-corporation, the exemption shall be granted if the property serves as the primary resi- dence of a shareholder of such corporation. (ii) If the legal title to the farm dwelling is held by a partnership, the exemption shall be granted if the property serves as the primary residence of one or more of the partners. (iii) IF THE LEGAL TITLE TO THE FARM DWELLING IS HELD BY A LIMITED LIABILITY COMPANY, THE EXEMPTION SHALL BE GRANTED IF THE PROPERTY SERVES AS THE PRIMARY RESIDENCE OF ONE OR MORE OF THE OWNERS. (IV) Any information deemed necessary to establish shareholder or partner status for eligibility purposes shall be considered confidential and exempt from the freedom of information law. S 2. This act shall take effect January 1, 2015. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13198-03-4
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
(D, IP) Senate District
2013-S6424B (ACTIVE) - Details
2013-S6424B (ACTIVE) - Sponsor Memo
BILL NUMBER:S6424B TITLE OF BILL: An act to amend the real property tax law, in relation to a real property tax exemption for farm dwellings owned by a limited liability company PURPOSE: This bill extends the STAR exemption to farm dwellings that are owned by a limited liability company. SUMMARY OF PROVISIONS: Section 1: Amends paragraph (d) of subdivision 3 of section 425 of the Real Property Tax Law to extend the STAR exemption to farm dwellings owned by an LLC, so long as the property serves as the primary residence of one or more of the owners. Section 2: Establishes the effective date. JUSTIFICATION: The STAR exemption was created to give homeowners across the State relief from school taxes. This exemption has been expanded over the years to cover the homes of farmers where the home was owned by a corporation or a partnership. This legislation will extend the
2013-S6424B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6424--B Cal. No. 125 I N S E N A T E January 22, 2014 ___________ Introduced by Sens. MARTINS, FARLEY, RITCHIE, VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading -- again amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the real property tax law, in relation to a real proper- ty tax exemption for farm dwellings 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. Paragraph (d) of subdivision 3 of section 425 of the real property tax law, as added by chapter 443 of the laws of 2003, is amended to read as follows: (d) Farm dwellings not owned by the resident. (i) If legal title to the farm dwelling is held by an S-corporation or by a C-corporation, the exemption shall be granted if the property serves as the primary resi- dence of a shareholder of such corporation. (ii) If the legal title to the farm dwelling is held by a partnership, the exemption shall be granted if the property serves as the primary residence of one or more of the partners. (iii) IF THE LEGAL TITLE TO THE FARM DWELLING IS HELD BY A LIMITED LIABILITY COMPANY, THE EXEMPTION SHALL BE GRANTED IF THE PROPERTY SERVES AS THE PRIMARY RESIDENCE OF ONE OR MORE OF THE OWNERS. (IV) Any information deemed necessary to establish shareholder [or], partner OR OWNER status for eligibility purposes shall be considered confidential and exempt from the freedom of information law. S 2. This act shall take effect January 1, 2015. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13198-05-4
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