Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 03, 2018 |
referred to aging |
Mar 03, 2017 |
referred to aging |
Senate Bill S4993
2017-2018 Legislative Session
Sponsored By
(R, C) 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
co-Sponsors
(R, C, G, IP, SC) Senate District
2017-S4993 (ACTIVE) - Details
- Current Committee:
- Senate Aging
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §425, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S6859
2013-2014: S275
2015-2016: S2888
2017-S4993 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4993 TITLE OF BILL : An act to amend the real property tax law, in relation to allowing a property to be eligible for an enhanced STAR exemption if at least one owner is at least 65 years old PURPOSE : Allows a property owned by at least one owners who is at least 65 years old or older to be eligible for an enhanced STAR exemption. SUMMARY OF PROVISIONS : Section 1. Subparagraph (i) of paragraph (a) of subdivision 4 of section 425 of the real property tax law is amended to change the first wording to "at least one". JUSTIFICATION : New York State requires that all owners be 65 years of age unless, for jointly owned property, only one spouse or sibling must be at least 65 years of age. It is unfair to provide limited exceptions under certain relationships for jointly held property, whereas not all jointly owned property owners are required to be 65 years of age if they are the spouse or sibling of the one property owner who is 65. This bill would allow for the approval of the enhanced star property tax
2017-S4993 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4993 2017-2018 Regular Sessions I N S E N A T E March 3, 2017 ___________ Introduced by Sens. LARKIN, MURPHY -- 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, in relation to allowing a property to be eligible for an enhanced STAR exemption if at least one owner is at least 65 years old THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (i) of paragraph (a) of subdivision 4 of section 425 of the real property tax law, as amended by section 2 of part E of chapter 83 of the laws of 2002, is amended to read as follows: (i) [All] AT LEAST ONE of the owners must be at least sixty-five years of age or older as of the date specified herein[, or in the case of property owned by husband and wife or by siblings, one of the owners must be at least sixty-five years of age as of that date] and the prop- erty must serve as the primary residence of that owner. For the two thousand--two thousand one school year, eligibility for the exemption shall be based upon age as of December thirty-first, two thousand. For each subsequent school year, the applicable date shall be advanced by one year. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03996-01-7
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