Bill Text: NY A05395 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to granting STAR exemptions in certain cases.

Spectrum: Moderate Partisan Bill (Republican 8-1)

Status: (Introduced - Dead) 2016-04-12 - held for consideration in real property taxation [A05395 Detail]

Download: New_York-2015-A05395-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5395
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 20, 2015
                                      ___________
       Introduced  by  M. of A. LALOR, TENNEY, RAIA, THIELE, BRABENEC -- Multi-
         Sponsored by -- M. of A. LOPEZ  --  read  once  and  referred  to  the
         Committee on Real Property Taxation
       AN  ACT  in  relation  to  STAR  eligibility  for certain persons having
         purchased a home between July and November of 2013
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  The  commissioner of taxation and finance shall establish
    2  and administer a program to grant the exemption  authorized  by  section
    3  425 of the real property tax law to individuals who:
    4    1.  purchased a parcel of land eligible for such exemption between the
    5  first day of July and thirtieth day of November, 2013, inclusive;
    6    2. completed the recertification process pursuant to paragraph (h)  of
    7  subdivision 2 of section 425 of the real property tax law;
    8    3.  did  not apply to the municipality in which such parcel is located
    9  for such exemption; and
   10    4. would have been otherwise eligible to receive  such  exemption  had
   11  they submitted an application to such municipality.
   12    The  commissioner shall refund to the owner of such parcel the differ-
   13  ence between the amount in taxes paid each month prior to the receipt of
   14  grants awarded pursuant to such program, and the amount  in  taxes  that
   15  would  have  been  paid  had  such  owner received the exemption granted
   16  pursuant to section 425 of the real property tax law  beginning  on  the
   17  first of January in the year 2014.
   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.
                                                                  LBD08026-03-5