Bill Text: NY A10128 | 2019-2020 | General Assembly | Introduced
Bill Title: Allows owners of real property who receive a tax exemption under section 421-a of the real property law to also receive a tax exemption under the senior citizen homeowners exemption or the disabled homeowners exemption.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-03-12 - referred to real property taxation [A10128 Detail]
Download: New_York-2019-A10128-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 10128 IN ASSEMBLY March 12, 2020 ___________ Introduced by M. of A. CYMBROWITZ -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to allowing addi- tional tax exemptions for certain owners of real property The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (j) of subdivision 16 of section 421-a of the 2 real property tax law, as amended by section 3 of part TTT of chapter 59 3 of the laws of 2017, is amended to read as follows: 4 (j) Concurrent exemptions or abatements. An eligible multiple dwelling 5 receiving Affordable New York Housing Program benefits shall not receive 6 any exemption from or abatement of real property taxation under any 7 other law, except exemptions authorized under section four hundred 8 sixty-seven or section four hundred fifty-nine-c of this title. If the 9 benefit authorized by this section is higher than the exemption author- 10 ized under section four hundred sixty-seven or section four hundred 11 fifty-nine-c of this title, such eligible multiple dwelling shall only 12 receive the affordable New York housing program benefit, provided, 13 however, if the exemption authorized under section four hundred sixty- 14 seven or section four hundred fifty-nine-c of this title is greater than 15 the benefit authorized under this section, such eligible multiple dwell- 16 ing shall receive the benefit authorized under this section plus the 17 difference of the exemption authorized under section four hundred 18 sixty-seven or section four hundred fifty-nine-c of this title and the 19 benefit authorized under this section. 20 § 2. Subdivision 3 of section 459-c of the real property tax law, as 21 amended by section 10 of part E of chapter 83 of the laws of 2002, is 22 amended to read as follows: 23 3. Any exemption provided by this section shall be computed after all 24 other partial exemptions allowed by law, excluding the school tax relief 25 (STAR) exemption authorized by section four hundred twenty-five of this 26 title, have been subtracted from the total amount assessed; provided, 27 however, that no parcel may receive an exemption for the same municipal 28 tax purpose pursuant to both this section and section four hundred EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD15404-01-0A. 10128 2 1 sixty-seven of this title. If a parcel receives benefits under the 2 affordable New York housing program under section four hundred twenty- 3 one-a of this title and such exemption is greater than the total 4 exemption amount assessed under this section, such qualified real prop- 5 erty owner shall only receive the exemption under the affordable New 6 York housing program, provided, however if the exemption authorized 7 under this section is greater than the benefit authorized under section 8 four hundred twenty-one-a of this title, such real property owner shall 9 receive the benefit authorized under section four hundred twenty-one-a 10 of this title plus the difference of the exemption authorized under this 11 section and the benefit authorized under section four hundred twenty- 12 one-a of this title. 13 § 3. Paragraph (c) of subdivision 1 of section 467 of the real proper- 14 ty tax law, as amended by section 11 of part E of chapter 83 of the laws 15 of 2002, is amended to read as follows: 16 (c) Any exemption provided by this section shall be computed after all 17 other partial exemptions allowed by law, excluding the school tax relief 18 (STAR) exemption authorized by section four hundred twenty-five of this 19 title, have been subtracted from the total amount assessed; provided, 20 however, that no parcel may receive an exemption for the same municipal 21 tax purpose pursuant to both this section and section four hundred 22 fifty-nine-c of this title. If a parcel receives benefits under the 23 affordable New York housing program under section four hundred twenty- 24 one-a of this title and such exemption is greater than the total 25 exemption amount assessed under this section, such qualified real prop- 26 erty owner shall only receive the exemption under the affordable New 27 York housing program, provided, however if the exemption authorized 28 under this section is greater than the benefit authorized under section 29 four hundred twenty-one-a of this title, such real property owner shall 30 receive the benefit authorized under section four hundred twenty-one-a 31 of this title plus the difference of the exemption authorized under this 32 section and the benefit authorized under section four hundred twenty- 33 one-a of this title. 34 § 4. This act shall take effect on the thirtieth day after it shall 35 have become a law.
