Bill Text: NY S05446 | 2015-2016 | General Assembly | Introduced

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Bill Title: Requires all assessing units to participate in the enhanced school tax relief exemption.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-06-17 - SUBSTITUTED BY A7375 [S05446 Detail]

Download: New_York-2015-S05446-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5446
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                     May 14, 2015
                                      ___________
       Introduced  by  Sen.  SERINO -- 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, in relation to requiring  all
         assessing  units  to  participate  in  the  enhanced school tax relief
         exemption
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Subparagraph  (iv)  of  paragraph (b) of subdivision 4 of
    2  section 425 of the real property tax law, as amended by  section  10  of
    3  part W of chapter 56 of the laws of 2010, is amended to read as follows:
    4    (iv)  Effective  with applications for the enhanced exemption on final
    5  assessment rolls to be completed in two thousand three, the  application
    6  form  shall  indicate  that  the  owners of the property and any owners'
    7  spouses residing on the premises may  authorize  the  assessor  to  have
    8  their  income  eligibility  verified  annually  thereafter  by the state
    9  department of taxation and finance, in lieu of furnishing copies of  the
   10  applicable  income  tax  return  or returns with the application. If the
   11  owners of the property and any owners' spouses residing on the  premises
   12  elect  to  participate in this program, which shall be known as the STAR
   13  income verification program, they must furnish their taxpayer  identifi-
   14  cation  numbers  in  order  to  facilitate  matching with records of the
   15  department. Thereafter, their income eligibility shall be verified annu-
   16  ally by the  department  and  the  assessor  shall  not  request  income
   17  documentation  from  them,  unless  such department advises the assessor
   18  that they do not satisfy the applicable income eligibility requirements,
   19  or that it is unable to determine whether they  satisfy  those  require-
   20  ments.    ALL  ASSESSING  UNITS SHALL BE REQUIRED TO PARTICIPATE IN THIS
   21  PROGRAM.
   22    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10898-01-5