Bill Text: NY A02151 | 2009-2010 | General Assembly | Introduced

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Bill Title: An act to amend the real property tax law, in relation to enhancing the tax relief for senior citizens through the school tax relief program

Spectrum: Moderate Partisan Bill (Democrat 4-1)

Status: (Introduced - Dead) 2010-01-06 - referred to aging [A02151 Detail]

Download: New_York-2009-A02151-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2151
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 15, 2009
                                      ___________
       Introduced  by M. of A. ENGLEBRIGHT, MAGNARELLI -- Multi-Sponsored by --
         M. of A. LATIMER, STIRPE -- read once and referred to the Committee on
         Aging
       AN ACT to amend the real property tax law, in relation to enhancing  the
         tax relief for senior citizens through the school tax relief program
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph (b) of subdivision 2 of section 425 of  the  real
    2  property  tax  law, as amended by section 1 of part D-1 of chapter 57 of
    3  the laws of 2007, is amended to read as follows:
    4    (b) Base figure. [Subject to the adjustments  prescribed  below,  the]
    5  THE base figure for the exemption shall be as follows:
    6    (i)  [For  the nineteen hundred ninety-eight--ninety-nine school year,
    7  the base figure shall be fifty  thousand  dollars  for  eligible  senior
    8  citizens; no exemption shall be allowed for other persons.
    9    (ii)  For  the nineteen hundred ninety-nine--two thousand school year,
   10  the base figure shall be fifty  thousand  dollars  for  eligible  senior
   11  citizens, and ten thousand dollars for other eligible persons.
   12    (iii)  For  the  two  thousand--two thousand one school year, the base
   13  figure shall be fifty thousand dollars for eligible senior citizens, and
   14  twenty thousand dollars for other eligible persons.
   15    (iv) For the two thousand one--two thousand two  school  year  through
   16  the two thousand five--two thousand six school year, inclusive, the base
   17  figure shall be fifty thousand dollars for eligible senior citizens, and
   18  thirty thousand dollars for other eligible persons.
   19    (v)] For the [two thousand six--two thousand seven school year through
   20  the] two thousand eight--two thousand nine school year, [inclusive,] the
   21  base  figure for the enhanced STAR exemption shall be [fifty-six] SEVEN-
   22  TY-FIVE thousand eight hundred dollars, and  the  base  figure  for  the
   23  basic STAR exemption shall be thirty thousand dollars.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD05089-01-9
       A. 2151                             2
    1    [(vi)]  (II)  For  the two thousand nine--two thousand ten school year
    2  and thereafter:
    3    (A)  The  base  figure for the enhanced STAR exemption shall equal the
    4  prior year's base figure multiplied by the percentage  increase  in  the
    5  consumer price index for urban wage earners and clerical workers (CPI-W)
    6  published  by  the  United  States  department of labor, bureau of labor
    7  statistics, for the third quarter of the  calendar  year  preceding  the
    8  applicable  school  year,  as compared to the third quarter of the prior
    9  calendar year. If a base figure as so determined is not exactly equal to
   10  a multiple of one hundred dollars, it shall be rounded  to  the  nearest
   11  multiple  of  one hundred dollars. It shall be the responsibility of the
   12  state board to annually determine such base figures.
   13    (B) The base figure for the basic STAR exemption shall be thirty thou-
   14  sand dollars.
   15    S 2. This act shall take effect immediately; provided,  however,  that
   16  paragraph  (b)  of subdivision 2 of section 425 of the real property tax
   17  law as amended by section one of  this  act  shall  apply  to  exemption
   18  applications for the 2008-2009 school year and thereafter.