Bill Text: NY A01621 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to raising the income cap for senior citizens applying for the enhanced STAR property tax exemption.

Spectrum: Slight Partisan Bill (Republican 25-10)

Status: (Introduced - Dead) 2016-01-06 - referred to real property taxation [A01621 Detail]

Download: New_York-2015-A01621-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1621
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 12, 2015
                                      ___________
       Introduced  by M. of A. GARBARINO, BORELLI, FINCH, JAFFEE, HAWLEY, GRAF,
         RAIA,  DiPIETRO,  CROUCH,  WALTER,  RA,  MONTESANO,  ROZIC,   PALUMBO,
         GOODELL,  CORWIN -- Multi-Sponsored by -- M. of A. BLANKENBUSH, BROOK-
         KRASNY, CERETTO, COOK, LOPEZ, McKEVITT, SALADINO, SIMANOWITZ,  SKARTA-
         DOS, THIELE -- read once and referred to the Committee on Real Proper-
         ty Taxation
       AN  ACT  to  amend the real property tax law, in relation to raising the
         income cap for senior citizens applying for the enhanced STAR property
         tax exemption
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Subparagraph  (i)  of  paragraph  (b) of subdivision 4 of
    2  section 425 of the real property tax law is  amended  by  adding  a  new
    3  clause (B-1) to read as follows:
    4    (B-1)  FOR  FINAL  ASSESSMENT  ROLLS  TO  BE COMPLETED IN TWO THOUSAND
    5  SIXTEEN, ELIGIBILITY FOR THE EXEMPTION SHALL BE BASED  UPON  INCOME  FOR
    6  THE INCOME TAX YEAR IMMEDIATELY PRECEDING THE DATE OF MAKING APPLICATION
    7  FOR THE EXEMPTION, AND THE INCOME STANDARD SHALL BE ONE HUNDRED THOUSAND
    8  DOLLARS.
    9    S 2. This act shall take effect immediately and shall apply to all tax
   10  years commencing on or after it shall have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04203-01-5