Bill Text: NY A05368 | 2013-2014 | General Assembly | Introduced

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Bill Title: Extends the eligibility for the enhanced STAR exemption to real property jointly owned by a senior citizen and a non senior citizen; provides for apportionment between owners based on proportion of ownership of the property.

Spectrum: Slight Partisan Bill (Republican 2-1)

Status: (Introduced - Dead) 2014-01-08 - referred to real property taxation [A05368 Detail]

Download: New_York-2013-A05368-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5368
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 25, 2013
                                      ___________
       Introduced  by M. of A. TEDISCO -- Multi-Sponsored by -- M. of A. McKEV-
         ITT, THIELE -- read once and referred to the Committee on Real Proper-
         ty Taxation
       AN ACT to amend the real property tax law, in relation to eligibility of
         property owned jointly by senior citizens and non-senior citizens  for
         the enhanced STAR exemption
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subparagraph (i) of  paragraph  (a)  of  subdivision  4  of
    2  section  425  of  the  real property tax law, as amended by section 2 of
    3  part E of chapter 83 of the laws of 2002, is amended to read as follows:
    4    (i) [All] AT LEAST ONE of the owners must be at least sixty-five years
    5  of age or older as of the date specified [herein,  or  in  the  case  of
    6  property  owned  by  husband  and wife or by siblings, one of the owners
    7  must be at least sixty-five years of age as of that date and the proper-
    8  ty must serve as the primary residence of that owner] IN  THIS  SUBPARA-
    9  GRAPH  PROVIDED HOWEVER, THAT NOTWITHSTANDING ANY INCONSISTENT PROVISION
   10  OF THIS SECTION, THE EXEMPTION PROVIDED FOR IN  THIS  SECTION  SHALL  BE
   11  PROPORTIONED  BETWEEN  OR AMONG OWNERS WHO ARE AT LEAST SIXTY-FIVE YEARS
   12  OF AGE AND OWNERS WHO ARE LESS THAN SIXTY-FIVE YEARS OF AGE IN THE  SAME
   13  PROPORTION  AS  THE  OWNERSHIP IN THE PROPERTY IS PROPORTIONED.  For the
   14  two  thousand--two  thousand  one  school  year,  eligibility  for   the
   15  exemption shall be based upon age as of December thirty-first, two thou-
   16  sand.  For  each  subsequent  school  year, the applicable date shall be
   17  advanced by one year.
   18    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08102-01-3