Bill Text: NY A03359 | 2019-2020 | General Assembly | Introduced
Bill Title: Grants enhanced STAR benefits to veterans.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-01-08 - referred to real property taxation [A03359 Detail]
Download: New_York-2019-A03359-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 3359 2019-2020 Regular Sessions IN ASSEMBLY January 29, 2019 ___________ Introduced by M. of A. ABINANTI -- read once and referred to the Commit- tee on Real Property Taxation AN ACT to amend the real property tax law, in relation to granting enhanced STAR benefits to veterans 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 2 and the subdivision heading, 2 opening paragraph and paragraph (a) of subdivision 4 of section 425 of 3 the real property tax law, paragraph (a) of subdivision 2 as amended by 4 section 1 and subparagraph (i) of paragraph (a) of subdivision 4 as 5 amended by section 2 of part E of chapter 83 of the laws of 2002, the 6 subdivision heading and opening paragraph of subdivision 4 as added by 7 section 1 of part B of chapter 389 of the laws of 1997 and paragraph (a) 8 of subdivision 4 as amended by section 4 of part A of chapter 405 of the 9 laws of 1999, are amended to read as follows: 10 (a) Overview. There shall be two variations of the exemption author- 11 ized by this section: an exemption for property owned by persons who 12 satisfy the criteria set forth in subdivision three of this section, 13 which shall be known as the "basic" STAR exemption, and an exemption for 14 property owned by senior citizens and veterans who satisfy the criteria 15 set forth in both subdivisions three and four of this section, which 16 shall be known as the "enhanced" STAR exemption. The exempt amount for 17 each assessing unit shall be determined annually as set forth in this 18 subdivision, by multiplying the "base figure" by the locally-applicable 19 "sales price differential factor," if any, multiplying the product by 20 the appropriate "equalization factor" for the assessing unit, and, if 21 necessary, increasing the result to equal the applicable "floor." The 22 result is then rounded to the nearest multiple of ten dollars. 23 Senior citizens and veterans. The enhanced exemption for property 24 owned by senior citizens and veterans shall be provided where all of the 25 following requirements are satisfied: EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05199-01-9A. 3359 2 1 (a) Age or veteran status. (i) All of the owners must be either at 2 least sixty-five years of age or [older] veterans as of the date speci- 3 fied herein, or in the case of property owned by husband and wife or by 4 siblings, one of the owners must be either at least sixty-five years of 5 age or a veteran as of that date and the property must serve as the 6 primary residence of that owner. For the two thousand--two thousand one 7 school year, eligibility for the exemption shall be based upon age as of 8 December thirty-first, two thousand. For each subsequent school year, 9 the applicable date shall be advanced by one year. 10 (ii) The term "siblings" as used herein shall have the same meaning as 11 set forth in section four hundred sixty-seven of this article. 12 (ii-a) The term "veteran" as used herein shall have the same meanings 13 as set forth in section four hundred fifty-eight-a and section four 14 hundred fifty-eight-b of this article. 15 (iii) In the case of property owned by husband and wife, one of whom 16 is sixty-five years of age or over, the exemption, once granted, shall 17 not be rescinded solely because of the death of the older spouse so long 18 as the surviving spouse is at least sixty-two years of age as of the 19 date specified in this paragraph. 20 (iv) In the case of property owned by husband and wife, one of whom is 21 a veteran, the exemption, once granted, shall not be rescinded solely 22 because of the death of the veteran spouse so long as the surviving 23 spouse is a veteran. 24 (v) In the case of property owned by a veteran who is also at least 25 sixty-five years of age, such property shall be subject to both the 26 senior citizen enhanced STAR benefit as well as half of the veterans 27 enhanced STAR benefit. 28 (vi) In the case of property owned by a veteran that has been granted 29 an exemption under either section four hundred fifty-eight-a or four 30 hundred fifty-eight-b of this article by a school district, the property 31 shall not be eligible for the veterans enhanced STAR benefit. 32 § 2. This act shall take effect immediately and shall apply to all tax 33 years commencing on or after it shall have become a law.
