NY State Senate Bill 2017-S786A

Senate Bill S786A

2017-2018 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 Finance 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 29, 2018	reported and committed to finance
Jan 24, 2018	print number 786a
Jan 24, 2018	amend and recommit to veterans, homeland security and military affairs
Jan 03, 2018	referred to veterans, homeland security and military affairs
May 15, 2017	reported and committed to finance
Jan 04, 2017	referred to veterans, homeland security and military affairs

Votes

- Jan 29, 2018 - Veterans, Homeland Security And Military Affairs Committee Vote
  S786A
  
  12
  
  Aye
  
  0
  
  Nay
  
  1
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Veterans, Homeland Security And Military Affairs Committee Vote: Jan 29, 2018
      
      aye (12)
      
      Amedore
      
      Carlucci
      
      Comrie
      
      Croci
      
      Felder
      
      Golden
      
      Jacobs
      
      Kaminsky
      
      Larkin
      
      Marchione
      
      Ortt
      
      Sanders Jr.
      
      aye wr (1)
      
      Addabbo Jr.
  May 15, 2017 - Veterans, Homeland Security And Military Affairs Committee Vote
  S786A
  
  13
  
  Aye
  
  0
  
  Nay
  
  0
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Veterans, Homeland Security And Military Affairs Committee Vote: May 15, 2017
      
      aye (13)
      
      Addabbo Jr.
      
      Amedore
      
      Carlucci
      
      Comrie
      
      Croci
      
      Felder
      
      Golden
      
      Jacobs
      
      Kaminsky
      
      Larkin
      
      Marchione
      
      Ortt
      
      Sanders Jr.

Bill Amendments

Original

A (Active)

co-Sponsors

View additional co-sponsors

2017-S786 - Details

See Assembly Version of this Bill:: A2696
Current Committee:: Senate Finance
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
2015-2016: S1699, A966
2019-2020: S6700, A1586
2021-2022: S3982, A3969

2017-S786 - Summary

Provides that real property tax exemptions authorized by school districts to eligible veterans do not shift taxes to other school district taxpayers or reduce school revenue.

2017-S786 - Sponsor Memo

                                 BILL NUMBER:  S786

 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 :

2015-16: S1699A/A966A - Veteran's Affairs/Veteran's Affairs
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, 2018.

2017-S786 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    786
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              January 4, 2017
                                ___________
 
 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
 
 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 11 and 12 to read as follows:
   11.  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.
   12. 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.
   §  2.  The  real  property  tax law is amended by adding a new section
 1306-b to read as follows:
   § 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.

                                                            LBD01825-02-7

 S. 786                              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.
   § 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.
   §  4.  This act shall take effect immediately and shall apply to taxa-
 ble years beginning on and after January 1, 2018.

co-Sponsors

View additional co-sponsors

2017-S786A (ACTIVE) - Details

See Assembly Version of this Bill:: A2696
Current Committee:: Senate Finance
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
2015-2016: S1699, A966
2019-2020: S6700, A1586
2021-2022: S3982, A3969

2017-S786A (ACTIVE) - Summary

Provides that real property tax exemptions authorized by school districts to eligible veterans do not shift taxes to other school district taxpayers or reduce school revenue.

2017-S786A (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S786A

SPONSOR: CARLUCCI
 
TITLE OF BILL:

An act to amend the real property tax law, in relation to veteran alter-
native 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 deter-
mined 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 informa-
tion 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 over-
payment 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 alter-
native 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:

2015-16: S1699A/A966A - Veteran's Affairs/Veteran's Affairs
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, 2018.

2017-S786A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  786--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              January 4, 2017
                                ___________
 
 Introduced  by Sens. CARLUCCI, AMEDORE, AVELLA, MARCHIONE, ORTT, TEDISCO
   -- read twice and ordered printed, and when printed to be committed to
   the Committee on Veterans, Homeland Security and Military  Affairs  --
   recommitted  to the Committee on Veterans, Homeland Security and Mili-
   tary 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 11 and 12 to read as follows:
   11.  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.
   12. 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.
   §  2.  The  real  property  tax law is amended by adding a new section
 1306-b to read as follows:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01825-03-8

 S. 786--A                           2
 
   § 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
 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.
   § 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.
   §  4.  This act shall take effect immediately and shall apply to taxa-
 ble years beginning on and after January 1, 2019.

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Senate Bill S786A

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Sponsored By

Archive: Last Bill Status - In Senate Committee Finance Committee

Bill Amendments

co-Sponsors

2017-S786 - Details

2017-S786 - Summary

2017-S786 - Sponsor Memo

2017-S786 - Bill Text download pdf

co-Sponsors

2017-S786A (ACTIVE) - Details

2017-S786A (ACTIVE) - Summary

2017-S786A (ACTIVE) - Sponsor Memo

2017-S786A (ACTIVE) - Bill Text download pdf

Comments