Senate Bill S4529A

2017-2018 Legislative Session

Increases the base figure for the enhanced school tax relief exemption commencing in the 2018-2019 school year

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Sponsored By

Archive: Last Bill Status - In Senate Committee Aging 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

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Bill Amendments

co-Sponsors

2017-S4529 - Details

See Assembly Version of this Bill:
A1923
Current Committee:
Senate Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §425, RPT L
Versions Introduced in Other Legislative Sessions:
2011-2012: A8253
2013-2014: A4072
2015-2016: A2858
2019-2020: A2192

2017-S4529 - 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-S4529 - Sponsor Memo

2017-S4529 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4529
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             February 16, 2017
                                ___________
 
 Introduced  by  Sen.  MURPHY -- read twice and ordered printed, and when
   printed to be committed to the Committee on Aging
 
 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

2017-S4529A (ACTIVE) - Details

See Assembly Version of this Bill:
A1923
Current Committee:
Senate Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §425, RPT L
Versions Introduced in Other Legislative Sessions:
2011-2012: A8253
2013-2014: A4072
2015-2016: A2858
2019-2020: A2192

2017-S4529A (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-S4529A (ACTIVE) - Sponsor Memo

2017-S4529A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4529--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             February 16, 2017
                                ___________
 
 Introduced by Sens. MURPHY, FUNKE -- read twice and ordered printed, and
   when  printed  to  be committed to the Committee on Aging -- 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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