Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to real property taxation |
Dec 06, 2017 |
print number 1923a |
Dec 06, 2017 |
amend (t) and recommit to real property taxation |
Jan 17, 2017 |
referred to real property taxation |
Assembly Bill A1923A
2017-2018 Legislative Session
Sponsored By
ENGLEBRIGHT
Archive: Last Bill Status - In Assembly 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
Bill Amendments
co-Sponsors
William Magnarelli
2017-A1923 - Details
2017-A1923 - Summary
Provides relief for certain senior citizens through the school tax relief program, by increasing the base figure for the enhanced exemption for the 2018-2019 school year to seventy-five thousand eight hundred dollars, and providing for annual adjustments thereto based on the consumer price index.
2017-A1923 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1923 2017-2018 Regular Sessions I N A S S E M B L Y January 17, 2017 ___________ Introduced by M. of A. ENGLEBRIGHT, MAGNARELLI -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to enhancing the tax relief for senior citizens through the school tax relief program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (b) of subdivision 2 of section 425 of the real property tax law, as amended by section 1 of part D-1 of chapter 57 of the laws of 2007, clause (A) of subparagraph (vi) as further amended by subdivision (b) of section 1 of part W of chapter 56 of the laws of 2010, is amended to read as follows: (b) Base figure. [Subject to the adjustments prescribed below, the] THE base figure for the exemption shall be as follows: (i) [For the nineteen hundred ninety-eight--ninety-nine school year, the base figure shall be fifty thousand dollars for eligible senior citizens; no exemption shall be allowed for other persons. (ii) For the nineteen hundred ninety-nine--two thousand school year, the base figure shall be fifty thousand dollars for eligible senior citizens, and ten thousand dollars for other eligible persons. (iii) For the two thousand--two thousand one school year, the base figure shall be fifty thousand dollars for eligible senior citizens, and twenty thousand dollars for other eligible persons. (iv) For the two thousand one--two thousand two school year through the two thousand five--two thousand six school year, inclusive, the base figure shall be fifty thousand dollars for eligible senior citizens, and thirty thousand dollars for other eligible persons. (v)] For the [two thousand six--two thousand seven school year through the] two thousand eight--two thousand nine school year, [inclusive,] the base figure for the enhanced STAR exemption shall be [fifty-six] SEVEN- TY-FIVE thousand eight hundred dollars, and the base figure for the basic STAR exemption shall be thirty thousand dollars. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
William Magnarelli
2017-A1923A (ACTIVE) - Details
2017-A1923A (ACTIVE) - Summary
Provides relief for certain senior citizens through the school tax relief program, by increasing the base figure for the enhanced exemption for the 2018-2019 school year to seventy-five thousand eight hundred dollars, and providing for annual adjustments thereto based on the consumer price index.
2017-A1923A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1923--A 2017-2018 Regular Sessions I N A S S E M B L Y January 17, 2017 ___________ Introduced by M. of A. ENGLEBRIGHT, MAGNARELLI -- read once and referred to the Committee on Real Property Taxation -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to increasing the base figure for the enhanced school tax relief exception THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (vi) of paragraph (b) of subdivision 2 of section 425 of the real property tax law, as added by section 1 of part D-1 of chapter 57 of the laws of 2007, clause (A) as further amended by subdivision (b) of section 1 of part W of chapter 56 of the laws of 2010, is amended and two new subparagraphs (vii) and (viii) are added to read as follows: (vi) For the two thousand nine--two thousand ten school year [and thereafter] THROUGH THE TWO THOUSAND SEVENTEEN--TWO THOUSAND EIGHTEEN SCHOOL YEAR: (A) The base figure for the enhanced STAR exemption shall equal the prior year's base figure multiplied by the percentage increase in the consumer price index for urban wage earners and clerical workers (CPI-W) published by the United States department of labor, bureau of labor statistics, for the third quarter of the calendar year preceding the applicable school year, as compared to the third quarter of the prior calendar year. If a base figure as so determined is not exactly equal to a multiple of one hundred dollars, it shall be rounded to the nearest multiple of one hundred dollars. It shall be the responsibility of the commissioner to annually determine such base figures. (B) The base figure for the basic STAR exemption shall be thirty thou- sand dollars. (VII) FOR THE TWO THOUSAND EIGHTEEN--TWO THOUSAND NINETEEN SCHOOL YEAR, THE BASE FIGURE SHALL BE SEVENTY-FIVE THOUSAND EIGHT HUNDRED EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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