Assembly Bill A2759

2017-2018 Legislative Session

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

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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2017-A2759 (ACTIVE) - Details

Current Committee:
Assembly Veterans
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§458 & 458-a, RPT L
Versions Introduced in Other Legislative Sessions:
2013-2014: A8626
2015-2016: A4782

2017-A2759 (ACTIVE) - Summary

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

2017-A2759 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2759
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2017
                                ___________
 
 Introduced  by M. of A. BUTLER -- Multi-Sponsored by -- M. of A. OAKS --
   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 11 to read as follows:
   11.  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.
   § 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.
   § 3. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01369-01-7

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