Bill Text: NY A06510 | 2017-2018 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Removes the ten year limitation for real property tax exemptions for cold war veterans.

Spectrum: Moderate Partisan Bill (Democrat 27-7)

Status: (Passed) 2017-09-12 - signed chap.290 [A06510 Detail]

Download: New_York-2017-A06510-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          6510
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                      March 7, 2017
                                       ___________
        Introduced  by  M.  of A. D'URSO, DenDEKKER -- read once and referred to
          the Committee on Veterans' Affairs
        AN ACT to amend the real property tax law,  in  relation  to  exemptions
          available to veterans
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subparagraph (iii) of paragraph (c)  of  subdivision  2  of
     2  section  458-b  of  the  real property tax law, as separately amended by
     3  chapters 22 and 253 of the laws of 2016, is amended to read as follows:
     4    (iii) [The exemption provided by paragraph  (a)  of  this  subdivision
     5  shall be granted for a period of ten years. The commencement of such ten
     6  year  period  shall  be  governed pursuant to this subparagraph. Where a
     7  qualified owner owns qualifying residential real property on the  effec-
     8  tive  date  of the local law or resolution providing for such exemption,
     9  such ten year period shall be measured from the assessment roll prepared
    10  pursuant to the first taxable status date  occurring  on  or  after  the
    11  effective  date  of  the  local  law  or  resolution  providing for such
    12  exemption. Where a qualified owner does not own  qualifying  residential
    13  real  property  on  the  effective  date  of the local law or resolution
    14  providing for such exemption, such ten year  period  shall  be  measured
    15  from  the  assessment roll prepared pursuant to the first taxable status
    16  date occurring at least sixty days after the date of purchase of  quali-
    17  fying  residential  real  property;  provided,  however, that should the
    18  veteran apply for and be granted an exemption  on  the  assessment  roll
    19  prepared  pursuant  to a taxable status date occurring within sixty days
    20  after the date of purchase of residential real property, such  ten  year
    21  period  shall  be  measured  from the first assessment roll in which the
    22  exemption occurs. If, before the expiration of  such  ten  year  period,
    23  such  exempt  property  is sold and replaced with other residential real
    24  property, such exemption may be granted pursuant to this subdivision for
    25  the unexpired portion of the ten year exemption  period.]  Each  county,
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10398-01-7
        A. 6510                             2
     1  city,  town  or  village may adopt a local law, and each school district
     2  may adopt a resolution, to reduce the  maximum  exemption  allowable  in
     3  paragraphs (a) and (b) of this subdivision to six thousand dollars, nine
     4  thousand  dollars  and  thirty  thousand  dollars, respectively, or four
     5  thousand dollars, six thousand  dollars  and  twenty  thousand  dollars,
     6  respectively.  Each county, city, town, or village is also authorized to
     7  adopt a local law, and each school district may adopt a  resolution,  to
     8  increase  the  maximum  exemption allowable in paragraphs (a) and (b) of
     9  this subdivision to ten thousand dollars, fifteen thousand  dollars  and
    10  fifty  thousand dollars, respectively; twelve thousand dollars, eighteen
    11  thousand dollars and  sixty  thousand  dollars,  respectively;  fourteen
    12  thousand  dollars,  twenty-one  thousand  dollars  and  seventy thousand
    13  dollars, respectively; sixteen thousand  dollars,  twenty-four  thousand
    14  dollars  and  eighty  thousand  dollars, respectively; eighteen thousand
    15  dollars, twenty-seven thousand  dollars  and  ninety  thousand  dollars,
    16  respectively;  twenty  thousand dollars, thirty thousand dollars and one
    17  hundred thousand dollars,  respectively;  twenty-two  thousand  dollars,
    18  thirty-three  thousand  dollars  and  one  hundred ten thousand dollars,
    19  respectively; twenty-four thousand dollars, thirty-six thousand  dollars
    20  and  one hundred twenty thousand dollars, respectively; twenty-six thou-
    21  sand dollars, thirty-nine thousand dollars, and one hundred thirty thou-
    22  sand dollars, respectively;  twenty-eight  thousand  dollars,  forty-two
    23  thousand  dollars, and one hundred forty thousand dollars, respectively;
    24  and thirty thousand dollars, forty-five thousand dollars and one hundred
    25  fifty thousand dollars, respectively. In addition, a county, city,  town
    26  or  village  which  is  a "high-appreciation municipality" as defined in
    27  this subparagraph is authorized to adopt a local law,  and  each  school
    28  district  which is within a high-appreciation municipality is authorized
    29  to adopt a resolution, to increase the maximum  exemption  allowable  in
    30  paragraphs  (a)  and  (b)  of  this  subdivision  to twenty-six thousand
    31  dollars, thirty-nine thousand dollars and one  hundred  thirty  thousand
    32  dollars, respectively; twenty-eight thousand dollars, forty-two thousand
    33  dollars  and  one  hundred  forty thousand dollars, respectively; thirty
    34  thousand dollars, forty-five thousand  dollars  and  one  hundred  fifty
    35  thousand dollars, respectively; thirty-two thousand dollars, forty-eight
    36  thousand  dollars  and one hundred sixty thousand dollars, respectively;
    37  thirty-four thousand dollars, fifty-one thousand dollars and one hundred
    38  seventy thousand dollars,  respectively;  thirty-six  thousand  dollars,
    39  fifty-four  thousand  dollars  and  one hundred eighty thousand dollars,
    40  respectively;  thirty-eight  thousand  dollars,   fifty-seven   thousand
    41  dollars  and  one  hundred  ninety thousand dollars, respectively; forty
    42  thousand dollars,  sixty  thousand  dollars  and  two  hundred  thousand
    43  dollars,  respectively; forty-two thousand dollars, sixty-three thousand
    44  dollars and two hundred ten thousand dollars,  respectively;  forty-four
    45  thousand  dollars,  sixty-six  thousand  dollars  and two hundred twenty
    46  thousand dollars, respectively; forty-six thousand  dollars,  sixty-nine
    47  thousand  dollars and two hundred thirty thousand dollars, respectively;
    48  forty-eight thousand  dollars,  seventy-two  thousand  dollars  and  two
    49  hundred  forty  thousand  dollars, respectively; fifty thousand dollars,
    50  seventy-five thousand dollars and two hundred  fifty  thousand  dollars,
    51  respectively.  For  purposes  of this subparagraph, a "high-appreciation
    52  municipality" means: (A) a special assessing unit that is a city, (B)  a
    53  county  for which the commissioner has established a sales price differ-
    54  ential factor for purposes of the STAR exemption authorized  by  section
    55  four  hundred  twenty-five of this title in three consecutive years, and
        A. 6510                             3
     1  (C) a city, town or village which is wholly  or  partly  located  within
     2  such a county.
     3    § 2. This act shall take effect immediately and shall apply to assess-
     4  ment rolls prepared on the basis of taxable status dates occurring on or
     5  after January 1, 2018.