Bill Text: NY S03463 | 2025-2026 | General Assembly | Introduced

---

Bill Title: Provides that if a taxpayer has not received the advance payment of credit under the STAR program prior to the end of the taxable year then such taxpayer shall have thirty days to file an application for a STAR exemption.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2025-01-27 - REFERRED TO LOCAL GOVERNMENT [S03463 Detail]

Download: New_York-2025-S03463-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          3463

                               2025-2026 Regular Sessions

                    IN SENATE

                                    January 27, 2025
                                       ___________

        Introduced  by  Sen. HELMING -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government

        AN ACT to amend the real property tax law and the tax law,  in  relation
          to the school tax relief (STAR) credit

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

     1    Section 1. Section 425 of the real property  tax  law  is  amended  by
     2  adding a new subdivision 18 to read as follows:
     3    18. Notwithstanding any other provision of law, rule, or regulation to
     4  the contrary if a qualified taxpayer has not received an advance payment
     5  of  credit  pursuant  to subparagraph (B) of paragraph ten of subsection
     6  (eee) of section six hundred six of the tax law by December thirty-first
     7  such taxpayer shall be authorized to  apply  for  a  school  tax  relief
     8  exemption pursuant to this section. Such taxpayer shall have thirty days
     9  from  the  last  day of the prior taxable year or the applicable taxable
    10  status date to apply for the exemption,  whichever  is  later;  provided
    11  however  that  for  the  two thousand twenty-five tax year such taxpayer
    12  shall have thirty days from the effective date of this subdivision.
    13    § 2. The opening paragraph of subparagraph  (B)  of  paragraph  10  of
    14  subsection  (eee) of section 606 of the tax law, as amended by section 2
    15  of part TT of chapter 59 of the laws of 2017,  is  amended  to  read  as
    16  follows:
    17    On or before the date specified below, [or as soon thereafter as prac-
    18  ticable,]  the commissioner shall determine the eligibility of taxpayers
    19  for this credit utilizing the information available to [him or her] them
    20  as obtained from the applications submitted on or before July  first  of
    21  that year, or such later date as may have been prescribed by the commis-
    22  sioner for that purpose, and from such other sources as the commissioner
    23  deems reliable and appropriate. For those taxpayers whom the commission-
    24  er  has  determined  eligible  for  this  credit, the commissioner shall
    25  advance a payment in the amount specified in paragraph  three,  four  or

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07237-01-5
        S. 3463                             2

     1  six  of  this subsection, whichever is applicable. Such payment shall be
     2  issued by the date specified below, or as soon thereafter as is  practi-
     3  cable; provided that if such payment is issued after such date, it shall
     4  be  subject  to  interest  at the rate prescribed by subparagraph (A) of
     5  paragraph two of subsection (j) of section six hundred  ninety-seven  of
     6  this  article.  Nothing contained herein shall be deemed to preclude the
     7  commissioner from issuing payments after such date to qualified  taxpay-
     8  ers  whose applications were made after July first of that year, or such
     9  later date as may have been prescribed  by  the  commissioner  for  such
    10  purpose.
    11    § 3. This act shall take effect immediately.