Assembly Bill A8626

2013-2014 Legislative Session

Concerns primary residences owned by limited liability companies that are occupied by veterans

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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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2013-A8626 (ACTIVE) - Details

See Senate Version of this Bill:
S6348
Current Committee:
Assembly Veterans
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยงยง458 & 458-a, RPT L
Versions Introduced in Other Legislative Sessions:
2015-2016: A4782, S2450
2017-2018: A2759

2013-A8626 (ACTIVE) - Summary

Concerns primary residences owned by limited liability companies that are occupied by veterans.

2013-A8626 (ACTIVE) - Bill Text download pdf 

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

                                  8626

                          I N  A S S E M B L Y

                            January 28, 2014
                               ___________

Introduced by M. of A. BUTLER -- read once and referred to the Committee
  on Veterans' Affairs

AN  ACT to amend the real property tax law, in relation to veteran occu-
  pied primary residences 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.  Section  458  of  the real property tax law is amended by
adding a new subdivision 7-a to read as follows:
  7-A. NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE  CONTRARY,  THE
PROVISIONS  OF  THIS SECTION SHALL APPLY TO ANY REAL PROPERTY OWNED BY A
LIMITED LIABILITY COMPANY, AS DEFINED BY SUBDIVISION (M) OF SECTION  ONE
HUNDRED  TWO  OF  THE  LIMITED  LIABILITY  COMPANY  LAW, IF SUCH LIMITED
LIABILITY COMPANY IS OWNED  BY  SUCH  PERSON  OR  PERSONS  TO  WHOM  THE
EXEMPTION  WOULD  BE  GRANTED  HAD SUCH PERSON OR PERSONS OWNED THE REAL
PROPERTY IN QUESTION RATHER THAN THE LIMITED LIABILITY COMPANY.
  S 2. Paragraph (c) of subdivision 1 of section 458-a of the real prop-
erty tax law, as amended by chapter 100 of the laws of 1988, is  amended
to read as follows:
  (c)  "Qualified  owner" means a veteran, the spouse of a veteran [or],
the unremarried surviving spouse of a veteran, OR  A  LIMITED  LIABILITY
COMPANY, AS DEFINED BY SUBDIVISION (M) OF SECTION ONE HUNDRED TWO OF THE
LIMITED  LIABILITY  COMPANY  LAW,  IF  SUCH LIMITED LIABILITY COMPANY IS
OWNED BY SUCH PERSON OR PERSONS TO WHOM THE EXEMPTION WOULD  BE  GRANTED
HAD  SUCH  PERSON  OR PERSONS OWNED THE REAL PROPERTY IN QUESTION RATHER
THAN THE LIMITED LIABILITY COMPANY. Where property is owned by more than
one qualified owner, the exemption to which  each  is  entitled  may  be
combined.  Where a veteran is also the unremarried surviving spouse of a
veteran, such person  may  also  receive  any  exemption  to  which  the
deceased spouse was entitled.
  S 3. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13101-03-4

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