Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 20, 2016 |
print number 5389a |
Apr 20, 2016 |
amend and recommit to aging |
Jan 06, 2016 |
referred to aging |
May 14, 2015 |
referred to aging |
Senate Bill S5389A
2015-2016 Legislative Session
Sponsored By
(D) 14th Senate District
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
Actions
Bill Amendments
co-Sponsors
(D) 15th Senate District
2015-S5389 - Details
- Current Committee:
- Senate Aging
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §425-b, RPT L; add §177-a, amd §1310, Tax L; amd §11-1706, NYC Ad Cd; add §85, St Fin L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S4963
2013-2014: S3874
2017-2018: S1328
2015-S5389 - Sponsor Memo
BILL NUMBER:S5389 TITLE OF BILL: An act to amend the real property tax law, the tax law, the administrative code of the city of New York and the state finance law, in relation to establishing a Co-STAR program for seniors PURPOSE: This bill shall provide a Co-Star program for senior citizens, which will provide tax rebates to help ease their real property tax burdens. SUMMARY OF PROVISIONS: Section 1 of this bill amends the Real Property Tax Law by adding two new sections 425-b and 425-c. Section 425-b states that citizens who are eligible for enhanced STAR are also eligible for a CO-STAR assessment. The CO-STAR assessment is equal to the exempt amount determined by enhanced STAR. Section 425-c states that farmers are eligible for a Co-STAR assessment if their property is receiving the basic STAR exemption, they own land which is their primary residence, and they fulfill the definition of an eligible farmer. The Co-STAR assessment is equal to the exempt amount determined for purposes of the basic STAR exemption. A farmer is eligible when he or she is eligible for and has claimed the farmers' school tax credit, or he or she owns a substantial interest in land which receives, or which is eligible to receive, an
2015-S5389 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5389 2015-2016 Regular Sessions I N S E N A T E May 14, 2015 ___________ Introduced by Sen. COMRIE -- 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, the tax law, the administra- tive code of the city of New York and the state finance law, in relation to establishing a Co-STAR program for seniors 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 a new section 425-b to read as follows: S 425-B. CO-STAR PROGRAM FOR SENIOR CITIZENS. 1. GENERALLY. WHEN REAL PROPERTY RECEIVES THE ENHANCED STAR EXEMPTION FROM SCHOOL DISTRICT TAXA- TION AUTHORIZED BY SECTION FOUR HUNDRED TWENTY-FIVE OF THIS TITLE, THE PROPERTY SHALL BE DESIGNATED AS ELIGIBLE FOR A CO-STAR ASSESSMENT ON THE SAME ASSESSMENT ROLL IN THE MANNER PROVIDED BY THIS SECTION, AND THE QUALIFIED OWNER-APPLICANT OR OWNER-APPLICANTS SHALL BE ENTITLED TO A COUNTY TAX REBATE IN THE AMOUNT AND MANNER PROVIDED BY SECTION ONE HUNDRED SEVENTY-SEVEN-A OF THE TAX LAW. NO SEPARATE APPLICATION NEED BE FILED FOR SUCH CO-STAR ASSESSMENT OR REBATE. 2. CO-STAR ASSESSMENTS. (A) SUBJECT TO THE PROVISIONS OF PARAGRAPH (B) OF THIS SUBDIVISION, THE CO-STAR ASSESSMENT FOR EACH ELIGIBLE PARCEL SHALL BE EQUAL TO THREE TIMES THE EXEMPT AMOUNT DETERMINED FOR PURPOSES OF THE ENHANCED STAR EXEMPTION AUTHORIZED BY SECTION FOUR HUNDRED TWEN- TY-FIVE OF THIS TITLE FOR THE ASSESSING UNIT IN WHICH THE PARCEL IS LOCATED. (B) NOTWITHSTANDING THE PROVISIONS OF PARAGRAPH (A) OF THIS SUBDIVI- SION, IN NO EVENT SHALL THE CO-STAR ASSESSMENT OF A PARCEL EXCEED THE TAXABLE ASSESSED VALUE OF THAT PARCEL FOR COUNTY PURPOSES. 3. ENTRY ON ASSESSMENT ROLL; EFFECT. EACH PARCEL WHICH IS ELIGIBLE FOR A CO-STAR ASSESSMENT SHALL BE DESIGNATED AS SUCH BY THE ASSESSOR ON THE ASSESSMENT ROLL, PROVIDED, HOWEVER, THAT A CO-STAR ASSESSMENT SHALL NOT AFFECT THE TOTAL OR TAXABLE ASSESSED VALUE OF ANY PARCEL FOR ANY EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10515-02-5
co-Sponsors
(D) 15th Senate District
2015-S5389A (ACTIVE) - Details
- Current Committee:
- Senate Aging
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §425-b, RPT L; add §177-a, amd §1310, Tax L; amd §11-1706, NYC Ad Cd; add §85, St Fin L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S4963
2013-2014: S3874
2017-2018: S1328
2015-S5389A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5389A TITLE OF BILL : An act to amend the real property tax law, the tax law, the administrative code of the city of New York and the state finance law, in relation to establishing a Co-STAR program for seniors PURPOSE : This bill shall provide a Co-Star program for senior citizens, which will provide tax rebates to help ease their real property tax burdens. SUMMARY OF PROVISIONS : Section 1 of this bill amends the Real Property Tax Law by adding a new sections 425-b stating that citizens who are eligible for enhanced STAR are also eligible for a CO-STAR assessment. The COSTAR assessment is equal to the exempt amount determined by enhanced STAR. Section 2 of this bill amends Article 8 of Tax Law by adding a new section, 177-a, providing for Co-STAR Tax Rebates for senior. The amount of each such rebate shall equal three times the Co-STAR assessment associated with the parcel in question multiplied by the applicable county tax rate.
2015-S5389A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5389--A 2015-2016 Regular Sessions I N S E N A T E May 14, 2015 ___________ Introduced by Sens. COMRIE, ADDABBO -- read twice and ordered printed, and when printed to be committed to the Committee on Aging -- recom- mitted to the Committee on Aging in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, the tax law, the administra- tive code of the city of New York and the state finance law, in relation to establishing a Co-STAR program for seniors 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 a new section 425-b to read as follows: S 425-B. CO-STAR PROGRAM FOR SENIOR CITIZENS. 1. GENERALLY. WHEN REAL PROPERTY RECEIVES THE ENHANCED STAR EXEMPTION FROM SCHOOL DISTRICT TAXA- TION AUTHORIZED BY SECTION FOUR HUNDRED TWENTY-FIVE OF THIS TITLE, THE PROPERTY SHALL BE DESIGNATED AS ELIGIBLE FOR A CO-STAR ASSESSMENT ON THE SAME ASSESSMENT ROLL IN THE MANNER PROVIDED BY THIS SECTION, AND THE QUALIFIED OWNER-APPLICANT OR OWNER-APPLICANTS SHALL BE ENTITLED TO A COUNTY TAX REBATE IN THE AMOUNT AND MANNER PROVIDED BY SECTION ONE HUNDRED SEVENTY-SEVEN-A OF THE TAX LAW. NO SEPARATE APPLICATION NEED BE FILED FOR SUCH CO-STAR ASSESSMENT OR REBATE. 2. CO-STAR ASSESSMENTS. (A) SUBJECT TO THE PROVISIONS OF PARAGRAPH (B) OF THIS SUBDIVISION, THE CO-STAR ASSESSMENT FOR EACH ELIGIBLE PARCEL SHALL BE EQUAL TO THREE TIMES THE EXEMPT AMOUNT DETERMINED FOR PURPOSES OF THE ENHANCED STAR EXEMPTION AUTHORIZED BY SECTION FOUR HUNDRED TWEN- TY-FIVE OF THIS TITLE FOR THE ASSESSING UNIT IN WHICH THE PARCEL IS LOCATED. (B) NOTWITHSTANDING THE PROVISIONS OF PARAGRAPH (A) OF THIS SUBDIVI- SION, IN NO EVENT SHALL THE CO-STAR ASSESSMENT OF A PARCEL EXCEED THE TAXABLE ASSESSED VALUE OF THAT PARCEL FOR COUNTY PURPOSES. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10515-04-6
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