Assembly Bill A10540

2009-2010 Legislative Session

Establishes city and county property tax relief exemptions

download bill text pdf

Sponsored By

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

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2009-A10540 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Add §§425-b & 425-c, RPT L
Versions Introduced in Other Legislative Sessions:
2011-2012: A1621
2013-2014: A5366

2009-A10540 (ACTIVE) - Summary

Establishes both a city state-supported tax relief, CitySTAR, and a county state-supported, CountySTAR, real property tax exemption; provides eligibility criteria therefor and formula for determining amount of exemption.

2009-A10540 (ACTIVE) - Sponsor Memo

2009-A10540 (ACTIVE) - Bill Text download pdf

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

                                  10540

                          I N  A S S E M B L Y

                              April 2, 2010
                               ___________

Introduced  by  M.  of  A.  TEDISCO  --  Multi-Sponsored  by -- M. of A.
  BACALLES, BURLING, BUTLER, CALHOUN,  COOK,  HAWLEY,  KOLB,  J. MILLER,
  MOLINARO,  RAIA  --  read  once  and referred to the Committee on Real
  Property Taxation

AN ACT to amend the real property tax law, in relation to establishing a
  city state-supported tax relief exemption and a county state-supported
  tax relief exemption

  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 two new
sections 425-b and 425-c to read as follows:
  S 425-B. CITY STATE-SUPPORTED TAX RELIEF (CITYSTAR) EXEMPTION. 1. REAL
PROPERTY SITUATE IN A CITY AND OWNED BY AN OWNER OR OWNERS  GRANTED  THE
SCHOOL   TAX   RELIEF   EXEMPTION,  PURSUANT  TO  SECTION  FOUR  HUNDRED
TWENTY-FIVE OF THIS TITLE, SHALL ALSO BE ELIGIBLE FOR A CITY  STATE-SUP-
PORTED REAL PROPERTY TAX EXEMPTION PURSUANT TO THIS SECTION FOR CITY TAX
YEARS  COMMENCING  ON  OR AFTER JANUARY FIRST, TWO THOUSAND FOURTEEN, IF
SUCH CITY MEETS THE FOLLOWING CRITERIA:
  (A) THE CITY HAS A POPULATION OF LESS THAN ONE MILLION, AS  DETERMINED
BY THE LATEST FEDERAL DECENNIAL CENSUS;
  (B)  THE LEGISLATIVE BODY OF SUCH CITY APPROVES A RESOLUTION PROVIDING
FOR SUCH CITY TAX RELIEF EXEMPTION;
  (C) (1) INCREASES IN TOTAL CITY EXPENDITURES DURING THE  CURRENT  YEAR
DO  NOT  EXCEED  THE  LESSER OF (I) ONE HUNDRED TWENTY PER CENTUM OF THE
TOTAL CITY EXPENDITURES FOR THE BASE YEAR  MULTIPLIED  BY  THE  CONSUMER
PRICE INDEX, OR (II) FOUR PERCENT.
  (2) FOR THE PURPOSES OF SUBPARAGRAPH ONE OF THIS PARAGRAPH, TOTAL CITY
EXPENDITURES SHALL NOT INCLUDE:
  (I) EXPENDITURES RESULTING FROM TAX CERTIORARI PROCEEDINGS,
  (II) EXPENDITURES RESULTING FROM COURT ORDERS OR JUDGMENTS AGAINST THE
CITY,
  (III)  EMERGENCY  EXPENDITURES  WHICH ARE CERTIFIED BY THE STATE COMP-
TROLLER AS NECESSARY AS A RESULT OF DAMAGE TO OR DESTRUCTION OF  A  CITY
BUILDING OR EQUIPMENT,

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

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