NY State Senate Bill 2015-S1699A

Senate Bill S1699A

2015-2016 Legislative Session

Relates to veteran real property tax exemptions and state funding to localities that grant such exemptions

download bill text pdf

Archive: Last Bill Status - In Senate Committee Veterans, Homeland Security And Military Affairs 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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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 14, 2016	print number 1699a
Jan 14, 2016	amend and recommit to veterans, homeland security and military affairs
Jan 06, 2016	referred to veterans, homeland security and military affairs
Jun 01, 2015	reported and committed to finance
Jan 14, 2015	referred to veterans, homeland security and military affairs

Votes

- Jun 1, 2015 - Veterans, Homeland Security And Military Affairs Committee Vote
  S1699A
  
  8
  
  Aye
  
  0
  
  Nay
  
  4
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Veterans, Homeland Security And Military Affairs Committee Vote: Jun 1, 2015
      
      aye (8)
      
      Amedore
      
      Carlucci
      
      Comrie
      
      Croci
      
      Golden
      
      Larkin
      
      Ortt
      
      Serrano
      
      aye wr (4)
      
      Addabbo Jr.
      
      Griffo
      
      Panepinto
      
      Sanders Jr.

Bill Amendments

Original

A (Active)

co-Sponsors

2015-S1699 - Details

See Assembly Version of this Bill:: A966
Current Committee:: Senate Veterans, Homeland Security And Military Affairs
Law Section:: Real Property Tax Law
Laws Affected:: Amd §458-a, add §1306-b, RPT L
Versions Introduced in Other Legislative Sessions:: 2013-2014: A9867
2017-2018: S786, A2696
2019-2020: S6700, A1586
2021-2022: S3982, A3969

2015-S1699 - Summary

Relates to veterans real property tax exemptions and state funding to localities that grant such exemptions.

2015-S1699 - Sponsor Memo

                                BILL NUMBER:S1699

TITLE OF BILL:  An act to amend the real property tax law, in relation
to veteran alternative tax exemptions

PURPOSE:

This bill ensures that real property tax exemptions authorized by
school districts to eligible veterans does not shift taxes to other
school district taxpayers or reduce school revenue.

SUMMARY OF PROVISIONS:

Section 1 of the bill amends Real Property Tax Law Section 458-a by
adding two new subdivisions 9 and 10 to provide that:

*The assessed value of any exemption granted pursuant to this section
be entered on the assessment roll of the taxable property in a
separate column.

*The application of this section not be considered when determining
state aid to schools, debt limits, the amount of taxes to be levied,
or when calculating tax rates for a school district, or apportioning
taxes under the applicable laws.

Section 2 amends the Real Property Tax Law by adding a new Section

1306-b to provide that:

*The amount of taxes to be levied for any school year shall be
determined without regard to the fact that state aid will be payable
pursuant to this section and the tax rate for any school year shall be
determined as if no parcels were exempt from taxation pursuant to
Section 458-a of this chapter.

*The tax rate determined shall be applied to the taxable assessed
value of each parcel after accounting for all applicable exemptions,
including the exemption authorized by Section 458-a of this chapter.

*The tax savings for each parcel receiving the exemption shall be
computed by subtracting the amount actually levied against the parcel
from the amount that would have been levied if not for the exemption.

*The total tax savings provided by each school district pursuant to
this section shall be a state charge payable to a school district as
state aid by submitting an application to the commissioner with such
information as the commissioner shall require.

*The commissioner may audit an application for state aid pursuant to
this section and if the commissioner determines there has been and
overpayment or underpayment the next payment of state aid to the
school district shall be adjusted accordingly.

*When an exemption approved pursuant to section 458-a of this chapter
is revoked, the aid payable to the school district shall be reduced by
the amount of the taxes attributable to the revoked exemption.


Section 3 amends Real Property Tax Law Section 458-a (c) to amend the
definition of qualified owner to include only those eligible veterans
earning an annual income less than five hundred thousand dollars.

Section 4 is the effective date

JUSTIFICATION:

In December 2013, Real Property Tax Law Section 458-a, known as the
alternative veterans tax exemption, was amended to authorize school
districts to grant eligible veterans a partial exemption from their
school taxes. Prior to the amendment, the partial exemption was only
available for real property taxes of a municipality.

Granting school tax exemptions for eligible veterans would result in
the shifting of these taxes to the rest of the school district
taxpayers. This placed school districts in the unenviable position of
appearing not to value the service of veterans if they did not grant
the exemption, or shifting taxes to the rest of the taxpayers
regardless of the impact.

As a matter of public policy it is not in the State's interest to
shift taxes from one group to another. Rather, the State should seek
to reduce the tax burden for all taxpayers. This bill would provide
for additional state aid to school districts that authorize the
partial tax exemption for eligible veterans. The state aid would be
equal to the amount of the total tax savings that would result from
the authorization of the alternative veterans tax exemption.

Accordingly, this bill will allow school districts to provide the
partial tax exemption to their veterans without shifting taxes to the
other school district taxpayers by having the state pay the cost
through state aid. In addition the partial tax exemption would be
limited to eligible veterans whose income is under five hundred
thousand dollars.

LEGISLATIVE HISTORY:

2014: A.9867 - Veteran's Affairs Committee

FISCAL IMPLICATIONS:

To be determined.

EFFECTIVE DATE:

This act shall take effect immediately and shall apply to taxable
years beginning on and after January 1, 2015.

2015-S1699 - Bill Text download pdf

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

                                  1699

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 14, 2015
                               ___________

Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
  printed to be committed to the Committee on Veterans, Homeland Securi-
  ty and Military Affairs

AN ACT to amend the real property tax law, in relation to veteran alter-
  native tax exemptions

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  458-a of the real property tax law is amended by
adding two new subdivisions 10 and 11 to read as follows:
  10. THE ASSESSED VALUE OF  ANY  EXEMPTION  GRANTED  PURSUANT  TO  THIS
SECTION SHALL BE ENTERED BY THE ASSESSOR ON THE ASSESSMENT ROLL WITH THE
TAXABLE PROPERTY, WITH THE AMOUNT OF THE EXEMPTION ENTERED IN A SEPARATE
COLUMN.
  11.  THE  EXEMPTION  AUTHORIZED  BY THIS SECTION SHALL HAVE THE EFFECT
SPECIFIED IN  SECTION  THIRTEEN  HUNDRED  SIX-B  OF  THIS  CHAPTER.  THE
EXEMPTION  SHALL  NOT BE CONSIDERED WHEN DETERMINING STATE AID TO EDUCA-
TION PURSUANT TO SECTION THIRTY-SIX HUNDRED TWO OF  THE  EDUCATION  LAW,
WHEN  DETERMINING  SCHOOL  DISTRICT  DEBT  LIMITS  PURSUANT TO LAW, WHEN
DETERMINING THE AMOUNT OF TAXES TO BE LEVIED BY OR ON BEHALF OF A SCHOOL
DISTRICT, WHEN CALCULATING TAX RATES FOR A SCHOOL DISTRICT, WHEN  APPOR-
TIONING TAXES BETWEEN OR AMONG SCHOOL DISTRICTS, WHEN APPORTIONING TAXES
AMONG CLASSES IN A SPECIAL ASSESSING UNIT UNDER ARTICLE EIGHTEEN OF THIS
CHAPTER,  OR  WHEN  APPORTIONING  TAXES  BETWEEN  CLASSES IN AN APPROVED
ASSESSING UNIT UNDER ARTICLE NINETEEN OF THIS CHAPTER.
  S 2. The real property tax law is amended  by  adding  a  new  section
1306-b to read as follows:
  S  1306-B.    EFFECT  OF  VETERANS  ALTERNATIVE  EXEMPTION UPON SCHOOL
DISTRICT TAXES; STATE AID. 1. LEVY OF TAXES; DETERMINATION OF TAXES DUE.
THE AMOUNT OF TAXES TO BE LEVIED FOR ANY SCHOOL YEAR SHALL BE DETERMINED
WITHOUT REGARD TO THE FACT THAT STATE AID WILL BE  PAYABLE  PURSUANT  TO
THIS  SECTION.  IN  ADDITION,  THE TAX RATE FOR ANY SCHOOL YEAR SHALL BE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03810-01-5

S. 1699                             2

DETERMINED AS IF NO  PARCELS  WERE  EXEMPT  FROM  TAXATION  PURSUANT  TO
SECTION  FOUR  HUNDRED  FIFTY-EIGHT-A  OF THIS CHAPTER. HOWEVER, THE TAX
RATE SO DETERMINED SHALL BE APPLIED TO THE  TAXABLE  ASSESSED  VALUE  OF
EACH  PARCEL  AFTER  ACCOUNTING FOR ALL APPLICABLE EXEMPTIONS, INCLUDING
THE EXEMPTION AUTHORIZED BY SECTION FOUR HUNDRED FIFTY-EIGHT-A  OF  THIS
CHAPTER.
  2.  TAX  SAVINGS.  THE  TAX  SAVINGS  FOR  EACH  PARCEL  RECEIVING THE
EXEMPTION AUTHORIZED BY SECTION FOUR HUNDRED FIFTY-EIGHT-A OF THIS CHAP-
TER SHALL BE COMPUTED BY SUBTRACTING THE AMOUNT ACTUALLY LEVIED  AGAINST
THE  PARCEL  FROM  THE AMOUNT THAT WOULD HAVE BEEN LEVIED IF NOT FOR THE
EXEMPTION.
  3. STATE AID. (A) THE TOTAL TAX SAVINGS DULY PROVIDED BY  EACH  SCHOOL
DISTRICT  PURSUANT  TO THIS SECTION SHALL BE A STATE CHARGE, WHICH SHALL
BE PAYABLE AS PROVIDED HEREIN.
  (B) A SCHOOL DISTRICT SEEKING STATE AID PURSUANT TO THIS SECTION SHALL
SUBMIT AN APPLICATION THEREFOR  TO  THE  COMMISSIONER.  THE  APPLICATION
SHALL INCLUDE SUCH INFORMATION AS THE COMMISSIONER SHALL REQUIRE.
  (C)  UPON  APPROVING  AN  APPLICATION  FOR  STATE AID PURSUANT TO THIS
SECTION, THE COMMISSIONER SHALL COMPUTE AND CERTIFY TO THE  COMMISSIONER
OF  EDUCATION THE AMOUNTS PAYABLE TO THE SCHOOL DISTRICT. SUCH STATE AID
SHALL BE PAYABLE UPON THE AUDIT AND WARRANT  OF  THE  STATE  COMPTROLLER
FROM  VOUCHERS  CERTIFIED AND APPROVED BY THE COMMISSIONER OF EDUCATION,
AS PROVIDED BY SECTION THIRTY-SIX HUNDRED NINE-E OF THE  EDUCATION  LAW,
AS APPLICABLE.
  (D)  THE  COMMISSIONER MAY AUDIT AN APPLICATION FOR STATE AID PURSUANT
TO THIS SECTION WITHIN ONE YEAR AFTER AUTHORIZING  PAYMENT  THEREON.  IF
THE  COMMISSIONER  SHOULD DISCOVER THAT A SCHOOL DISTRICT HAS RECEIVED A
GREATER OR LESSER AMOUNT OF SUCH AID THAN IT SHOULD HAVE  RECEIVED,  THE
COMMISSIONER  SHALL  SO  NOTIFY THE SCHOOL DISTRICT, AND SHALL CAUSE THE
NEXT PAYMENT OF SUCH AID TO THE SCHOOL DISTRICT TO BE  ADJUSTED  ACCORD-
INGLY.
  (E)  WHEN  AN EXEMPTION PURSUANT TO SECTION FOUR HUNDRED FIFTY-EIGHT-A
OF THIS CHAPTER HAS BEEN REVOKED, THE AID PAYABLE TO THE SCHOOL DISTRICT
PURSUANT TO THIS SECTION SHALL BE REDUCED BY THE  AMOUNT  OF  THE  TAXES
ATTRIBUTABLE TO THE REVOKED EXEMPTION.
  S 3. 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, PROVIDED SUCH PERSON IS NOT
EARNING AN ANNUAL INCOME EQUAL TO OR IN EXCESS OF FIVE HUNDRED  THOUSAND
DOLLARS.  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  4.  This act shall take effect immediately and shall apply to taxa-
ble years beginning on and after January 1, 2015.

co-Sponsors

2015-S1699A (ACTIVE) - Details

See Assembly Version of this Bill:: A966
Current Committee:: Senate Veterans, Homeland Security And Military Affairs
Law Section:: Real Property Tax Law
Laws Affected:: Amd §458-a, add §1306-b, RPT L
Versions Introduced in Other Legislative Sessions:: 2013-2014: A9867
2017-2018: S786, A2696
2019-2020: S6700, A1586
2021-2022: S3982, A3969

2015-S1699A (ACTIVE) - Summary

Relates to veterans real property tax exemptions and state funding to localities that grant such exemptions.

2015-S1699A (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S1699A

 TITLE OF BILL :

An act to amend the real property tax law, in relation to veteran
alternative tax exemptions

 PURPOSE :

This bill ensures that real property tax exemptions authorized by
school districts to eligible veterans does not shift taxes to other
school district taxpayers or reduce school revenue.

 SUMMARY OF PROVISIONS :

Section 1 of the bill amends Real Property Tax Law Section 458-a by
adding two new subdivisions 9 and 10 to provide that:

* The assessed value of any exemption granted pursuant to this section
be entered on the assessment roll of the taxable property in a
separate column.

* The application of this section not be considered when determining
state aid to schools, debt limits, the amount of taxes to be levied,
or when calculating tax rates for a school district, or apportioning
taxes under the applicable laws.

Section 2 amends the Real Property Tax Law by adding a new Section
1306-b to provide that:

* The amount of taxes to be levied for any school year shall be
determined without regard to the fact that state aid will be payable
pursuant to this section and the tax rate for any school year shall be
determined as if no parcels were exempt from taxation pursuant to
Section 458-a of this chapter.

* The tax rate determined shall be applied to the taxable assessed
value of each parcel after accounting for all applicable exemptions,
including the exemption authorized by Section 458-a of this chapter.

* The tax savings for each parcel receiving the exemption shall be
computed by subtracting the amount actually levied against the parcel
from the amount that would have been levied if not for the exemption.

* The total tax savings provided by each school district pursuant to
this section shall be a state charge payable to a school district as
state aid by submitting an application to the commissioner with such
information as the commissioner shall require.

* The commissioner may audit an application for state aid pursuant to
this section and if the commissioner determines there has been and
overpayment or underpayment the next payment of state aid to the
school district shall be adjusted accordingly.

* When an exemption approved pursuant to section 458-a of this chapter
is revoked, the aid payable to the school district shall be reduced by
the amount of the taxes attributable to the revoked exemption.

Section 3 amends Real Property Tax Law Section 458-a (c) to amend the
definition of qualified owner to include only those eligible veterans
earning an annual income less than five hundred thousand dollars.

Section 4 is the effective date

 JUSTIFICATION :

In December 2013, Real Property Tax Law Section 458-a, known as the
alternative veterans tax exemption, was amended to authorize school
districts to grant eligible veterans a partial exemption from their
school taxes. Prior to the amendment, the partial exemption was only
available for real property taxes of a municipality.

Granting school tax exemptions for eligible veterans would result in
the shifting of these taxes to the rest of the school district
taxpayers. This placed school districts in the unenviable position of
appearing not to value the service of veterans if they did not grant
the exemption, or shifting taxes to the rest of the taxpayers
regardless of the impact.

As a matter of public policy it is not in the State's interest to
shift taxes from one group to another. Rather, the State should seek
to reduce the tax burden for all taxpayers. This bill would provide
for additional state aid to school districts that authorize the
partial tax exemption for eligible veterans. The state aid would be
equal to the amount of the total tax savings that would result from
the authorization of the alternative veterans tax exemption.

Accordingly, this bill will allow school districts to provide the
partial tax exemption to their veterans without shifting taxes to the
other school district taxpayers by having the state pay the cost
through state aid. In addition the partial tax exemption would be
limited to eligible veterans whose income is under five hundred
thousand dollars.

 LEGISLATIVE HISTORY :

2014: A.9867 - Veteran's Affairs Committee

 FISCAL IMPLICATIONS :

To be determined.

 EFFECTIVE DATE :
This act shall take effect immediately and shall apply to taxable
years beginning on and after January 1, 2016.

2015-S1699A (ACTIVE) - Bill Text download pdf

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

                                 1699--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 14, 2015
                               ___________

Introduced  by  Sens.  CARLUCCI, ORTT -- read twice and ordered printed,
  and when printed to be committed to the Committee on  Veterans,  Home-
  land  Security and Military Affairs -- recommitted to the Committee on
  Veterans, Homeland Security and Military Affairs  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, in relation to veteran alter-
  native tax exemptions

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  458-a of the real property tax law is amended by
adding two new subdivisions 10 and 11 to read as follows:
  10. THE ASSESSED VALUE OF  ANY  EXEMPTION  GRANTED  PURSUANT  TO  THIS
SECTION SHALL BE ENTERED BY THE ASSESSOR ON THE ASSESSMENT ROLL WITH THE
TAXABLE PROPERTY, WITH THE AMOUNT OF THE EXEMPTION ENTERED IN A SEPARATE
COLUMN.
  11.  THE  EXEMPTION  AUTHORIZED  BY THIS SECTION SHALL HAVE THE EFFECT
SPECIFIED IN  SECTION  THIRTEEN  HUNDRED  SIX-B  OF  THIS  CHAPTER.  THE
EXEMPTION  SHALL  NOT BE CONSIDERED WHEN DETERMINING STATE AID TO EDUCA-
TION PURSUANT TO SECTION THIRTY-SIX HUNDRED TWO OF  THE  EDUCATION  LAW,
WHEN  DETERMINING  SCHOOL  DISTRICT  DEBT  LIMITS  PURSUANT TO LAW, WHEN
DETERMINING THE AMOUNT OF TAXES TO BE LEVIED BY OR ON BEHALF OF A SCHOOL
DISTRICT, WHEN CALCULATING TAX RATES FOR A SCHOOL DISTRICT, WHEN  APPOR-
TIONING TAXES BETWEEN OR AMONG SCHOOL DISTRICTS, WHEN APPORTIONING TAXES
AMONG CLASSES IN A SPECIAL ASSESSING UNIT UNDER ARTICLE EIGHTEEN OF THIS
CHAPTER,  OR  WHEN  APPORTIONING  TAXES  BETWEEN  CLASSES IN AN APPROVED
ASSESSING UNIT UNDER ARTICLE NINETEEN OF THIS CHAPTER.
  S 2. The real property tax law is amended  by  adding  a  new  section
1306-b to read as follows:
  S  1306-B.    EFFECT  OF  VETERANS  ALTERNATIVE  EXEMPTION UPON SCHOOL
DISTRICT TAXES; STATE AID. 1. LEVY OF TAXES; DETERMINATION OF TAXES DUE.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03810-03-5

S. 1699--A                          2

THE AMOUNT OF TAXES TO BE LEVIED FOR ANY SCHOOL YEAR SHALL BE DETERMINED
WITHOUT REGARD TO THE FACT THAT STATE AID WILL BE  PAYABLE  PURSUANT  TO
THIS  SECTION.  IN  ADDITION,  THE TAX RATE FOR ANY SCHOOL YEAR SHALL BE
DETERMINED  AS  IF  NO  PARCELS  WERE  EXEMPT  FROM TAXATION PURSUANT TO
SECTION FOUR HUNDRED FIFTY-EIGHT-A OF THIS  CHAPTER.  HOWEVER,  THE  TAX
RATE  SO  DETERMINED  SHALL  BE APPLIED TO THE TAXABLE ASSESSED VALUE OF
EACH PARCEL AFTER ACCOUNTING FOR ALL  APPLICABLE  EXEMPTIONS,  INCLUDING
THE  EXEMPTION  AUTHORIZED BY SECTION FOUR HUNDRED FIFTY-EIGHT-A OF THIS
CHAPTER.
  2. TAX  SAVINGS.  THE  TAX  SAVINGS  FOR  EACH  PARCEL  RECEIVING  THE
EXEMPTION AUTHORIZED BY SECTION FOUR HUNDRED FIFTY-EIGHT-A OF THIS CHAP-
TER  SHALL BE COMPUTED BY SUBTRACTING THE AMOUNT ACTUALLY LEVIED AGAINST
THE PARCEL FROM THE AMOUNT THAT WOULD HAVE BEEN LEVIED IF  NOT  FOR  THE
EXEMPTION.
  3.  STATE  AID. (A) THE TOTAL TAX SAVINGS DULY PROVIDED BY EACH SCHOOL
DISTRICT PURSUANT TO THIS SECTION SHALL BE A STATE CHARGE,  WHICH  SHALL
BE PAYABLE AS PROVIDED HEREIN.
  (B) A SCHOOL DISTRICT SEEKING STATE AID PURSUANT TO THIS SECTION SHALL
SUBMIT  AN  APPLICATION  THEREFOR  TO  THE COMMISSIONER. THE APPLICATION
SHALL INCLUDE SUCH INFORMATION AS THE COMMISSIONER SHALL REQUIRE.
  (C) UPON APPROVING AN APPLICATION  FOR  STATE  AID  PURSUANT  TO  THIS
SECTION,  THE COMMISSIONER SHALL COMPUTE AND CERTIFY TO THE COMMISSIONER
OF EDUCATION THE AMOUNTS PAYABLE TO THE SCHOOL DISTRICT. SUCH STATE  AID
SHALL  BE  PAYABLE  UPON  THE AUDIT AND WARRANT OF THE STATE COMPTROLLER
FROM VOUCHERS CERTIFIED AND APPROVED BY THE COMMISSIONER  OF  EDUCATION,
AS  PROVIDED  BY SECTION THIRTY-SIX HUNDRED NINE-E OF THE EDUCATION LAW,
AS APPLICABLE.
  (D) THE COMMISSIONER MAY AUDIT AN APPLICATION FOR STATE  AID  PURSUANT
TO  THIS  SECTION  WITHIN ONE YEAR AFTER AUTHORIZING PAYMENT THEREON. IF
THE COMMISSIONER SHOULD DISCOVER THAT A SCHOOL DISTRICT HAS  RECEIVED  A
GREATER  OR  LESSER AMOUNT OF SUCH AID THAN IT SHOULD HAVE RECEIVED, THE
COMMISSIONER SHALL SO NOTIFY THE SCHOOL DISTRICT, AND  SHALL  CAUSE  THE
NEXT  PAYMENT  OF SUCH AID TO THE SCHOOL DISTRICT TO BE ADJUSTED ACCORD-
INGLY.
  (E) WHEN AN EXEMPTION PURSUANT TO SECTION FOUR  HUNDRED  FIFTY-EIGHT-A
OF THIS CHAPTER HAS BEEN REVOKED, THE AID PAYABLE TO THE SCHOOL DISTRICT
PURSUANT  TO  THIS  SECTION  SHALL BE REDUCED BY THE AMOUNT OF THE TAXES
ATTRIBUTABLE TO THE REVOKED EXEMPTION.
  S 3. 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, PROVIDED SUCH PERSON  IS  NOT
EARNING  AN ANNUAL INCOME EQUAL TO OR IN EXCESS OF FIVE HUNDRED THOUSAND
DOLLARS. 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 4.  This act shall take effect immediately and shall apply to  taxa-
ble years beginning on and after January 1, 2016.

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Senate Bill S1699A

Share this bill

Sponsored By

David Carlucci

Archive: Last Bill Status - In Senate Committee Veterans, Homeland Security And Military Affairs Committee

Bill Amendments

co-Sponsors

Robert G. Ortt

2015-S1699 - Details

2015-S1699 - Summary

2015-S1699 - Sponsor Memo

2015-S1699 - Bill Text download pdf

co-Sponsors

George Amedore

George Latimer

Robert G. Ortt

Susan Serino

2015-S1699A (ACTIVE) - Details

2015-S1699A (ACTIVE) - Summary

2015-S1699A (ACTIVE) - Sponsor Memo

2015-S1699A (ACTIVE) - Bill Text download pdf

Comments