Bill Text: NY A03224 | 2023-2024 | General Assembly | Introduced

---

Bill Title: Prevents the transition of the school tax relief property tax exemption to a personal income tax credit.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2024-07-15 - enacting clause stricken [A03224 Detail]

Download: New_York-2023-A03224-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          3224

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 2, 2023
                                       ___________

        Introduced  by  M.  of  A.  ZEBROWSKI  --  read once and referred to the
          Committee on Real Property Taxation

        AN ACT to amend the real property tax law and the tax law,  in  relation
          to  preventing  the  transitioning  of  the  school  tax relief (STAR)
          exemption into a personal income tax  credit;  and  repealing  certain
          provisions of the real property tax law and the tax law relating ther-
          eto

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Paragraph (a) of subdivision 6 of section 425 of  the  real
     2  property tax law, as amended by section 1 of part A of chapter 60 of the
     3  laws of 2016, is amended to read as follows:
     4    (a) Generally. All owners of the property who primarily reside thereon
     5  [and  who  are  not  subject to the provisions of subdivision sixteen of
     6  this section] must jointly file an application for  exemption  with  the
     7  assessor on or before the appropriate taxable status date. Such applica-
     8  tion may be filed by mail if it is enclosed in a postpaid envelope prop-
     9  erly  addressed  to the appropriate assessor, deposited in a post office
    10  or official depository under the exclusive care  of  the  United  States
    11  postal service, and postmarked by the United States postal service on or
    12  before  the  applicable taxable status date. Each such application shall
    13  be made on a form prescribed by the commissioner,  which  shall  require
    14  the  applicant  or  applicants  to agree to notify the assessor if their
    15  primary  residence  changes  while  their  property  is  receiving   the
    16  exemption. The assessor may request that proof of residency be submitted
    17  with  the  application.  If  the  applicant  requests a receipt from the
    18  assessor as proof of submission of the application, the  assessor  shall
    19  provide  such  receipt.  If  such request is made by other than personal
    20  request, the applicant shall provide the assessor with a  self-addressed
    21  postpaid envelope in which to mail the receipt.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06501-01-3
        A. 3224                             2

     1    §  2.  Subdivision  16  of section 425 of the real property tax law is
     2  REPEALED.
     3    §  3.  Subdivision  2  of section 496 of the real property tax law, as
     4  amended by section 3 of part A of chapter 60 of the laws of 2016,  para-
     5  graph  (a)  as  amended  by  section  3  and paragraph (d) as amended by
     6  section 2 of part TT of chapter 59 of the laws of 2019,  is  amended  to
     7  read as follows:
     8    2.  An  application  to  renounce an exemption shall be made on a form
     9  prescribed by the commissioner and shall be filed with the county direc-
    10  tor of real property tax services no later than ten years after the levy
    11  of taxes upon the assessment  roll  on  which  the  renounced  exemption
    12  appears.  The  county  director,  after  consulting with the assessor as
    13  appropriate, shall compute the total  amount  owed  on  account  of  the
    14  renounced exemption as follows:
    15    (a) For each assessment roll on which the renounced exemption appears,
    16  the assessed value that was exempted shall be multiplied by the tax rate
    17  or  rates that were applied to that assessment roll, or in the case of a
    18  renounced STAR exemption, the tax savings calculated pursuant to  subdi-
    19  vision  two of section thirteen hundred six-a of this chapter.  Interest
    20  shall then be added to each such  product  at  the  rate  prescribed  by
    21  section  nine hundred twenty-four-a of this chapter or such other law as
    22  may be applicable for each month or portion thereon since  the  levy  of
    23  taxes upon such assessment roll.
    24    (b) The sum of the calculations made pursuant to paragraph (a) of this
    25  subdivision  with  respect  to  all  of the assessment rolls in question
    26  shall be determined.
    27    (c) A processing fee of five hundred dollars shall be added to the sum
    28  determined pursuant to paragraph (b) of this  subdivision[,  unless  the
    29  provisions of paragraph (d) of this subdivision are applicable.
    30    (d) If the applicant is renouncing a STAR exemption in order to quali-
    31  fy  for the personal income tax credit authorized by subsection (eee) of
    32  section six hundred six of the tax law,  and  no  other  exemptions  are
    33  being renounced on the same application, or if the applicant is renounc-
    34  ing a STAR exemption before school taxes have been levied on the assess-
    35  ment  roll upon which that exemption appears, no processing fee shall be
    36  applicable].
    37    § 4. Subdivision 6 of section 1306-a of the real property tax  law  is
    38  REPEALED.
    39    § 5. Subsection (eee) of section 606 of the tax law is REPEALED.
    40    § 6. Paragraph 2 of subsection (n-1) of section 606 of the tax law, as
    41  amended  by  section  1 of part BB of chapter 59 of the laws of 2022, is
    42  amended to read as follows:
    43    (2) To be eligible for the credit, the taxpayer (or  taxpayers  filing
    44  joint  returns)  (a)  must  own  and  primarily  reside in real property
    45  receiving [either] the STAR exemption authorized by section four hundred
    46  twenty-five of the real property tax law [or the school tax relief cred-
    47  it authorized by subsection (eee) of this section], and  (b)  must  have
    48  had  qualified  gross  income no greater than two hundred fifty thousand
    49  dollars in tax year two thousand twenty.
    50    § 7. This act shall take effect immediately.