S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1383
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 17, 2023
                                ___________
 
 Introduced  by M. of A. ZEBROWSKI, PAULIN, BUTTENSCHON, SAYEGH, HYNDMAN,
   LAVINE, JONES, SIMON, WOERNER, STERN -- read once and referred to  the
   Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation to providing that
   the  amount  of  a STAR real property tax savings may not be less than
   the amount of the STAR real property tax  savings  from  the  previous
   year
 
   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  2  of
 section  1306-a of the real property tax law, as amended by section 1 of
 part LL of chapter 59 of the  laws  of  2019,  is  amended  to  read  as
 follows:
   (i) The tax savings for each parcel receiving the exemption authorized
 by section four hundred twenty-five of this chapter 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,  provided
 however,  that  for  the two thousand eleven-two thousand twelve through
 two thousand  eighteen-two  thousand  nineteen  school  years,  the  tax
 savings  applicable  to  any  "portion" (which as used herein shall mean
 that part of an assessing unit located within a school  district)  shall
 not  exceed  the  tax  savings  applicable  to that portion in the prior
 school year multiplied by one  hundred  two  percent,  with  the  result
 rounded  to the nearest dollar; and provided further that beginning with
 the two thousand nineteen-two  thousand  twenty  school  year:  (A)  for
 purposes of the exemption authorized by section four hundred twenty-five
 of  this  chapter,  the tax savings applicable to any portion shall [not
 exceed] EQUAL the tax savings for the prior year, and (B)  for  purposes
 of  the credit authorized by subsection (eee) of section six hundred six
 of the tax law, the tax savings applicable  to  any  portion  shall  not
 exceed  the  tax  savings applicable to that portion in the prior school
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00957-01-3
              

 A. 1383                             2
 
 year multiplied by one hundred two percent, with the result  rounded  to
 the  nearest dollar NOR SHALL THE TAX SAVINGS APPLICABLE TO THAT PORTION
 BE LESS THAN THE TAX SAVINGS FOR THE PRIOR YEAR. The tax savings attrib-
 utable  to  the  basic and enhanced exemptions shall be calculated sepa-
 rately. It shall be the responsibility of the commissioner to  calculate
 tax savings limitations for purposes of this subdivision.
   §  2.  This act shall take effect on the first of July next succeeding
 the date upon which it shall have become a law and shall  apply  to  all
 assessments occurring on and after such date.