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A06658 Summary:

BILL NO    A06658 

SAME AS    SAME AS UNI. S04600

SPONSOR    Wright (MS)

COSPNSR    Silver, Braunstein, O'Donnell, Hevesi, Colton

MLTSPNSR   

Amd S467-a, RPT L

Relates to partial tax abatements for certain residential real property.
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A06658 Actions:

BILL NO    A06658 

04/12/2013 referred to ways and means
04/16/2013 reported referred to rules
04/16/2013 reported 
04/16/2013 rules report cal.52
04/16/2013 ordered to third reading rules cal.52
04/16/2013 passed assembly
04/16/2013 delivered to senate
04/16/2013 REFERRED TO LOCAL GOVERNMENT
05/23/2013 SUBSTITUTED FOR S4600
05/23/2013 3RD READING CAL.395
05/23/2013 PASSED SENATE
05/23/2013 RETURNED TO ASSEMBLY
06/24/2013 delivered to governor
07/03/2013 signed chap.97
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A06658 Votes:

A06658 04/16/2013 142/1
AbbateYColtonYGarbariYKearnsYMillerYReilichYSteckY
AbinantYCookYGibsonYKellnerYMillmanYRiveraYStevensY
ArroyoYCorwinYGiglioYKimYMontesaYRobertsYStirpeY
AubryYCrespoYGjonajYKolbYMorelleYRobinsoYSweeneyY
BarclayYCrouchYGlickYLalorYMosleyYRodriguYTediscoY
BarrettYCurranYGoldfedYLavineYMoyaYRosaYTenneyY
BarronYCusickYGoodellYLentolYNojayYRosenthYThieleY
BenedetYCymbrowYGottfriYLiftonYNolanYRozicYTitoneER
BlankenERDenDekkYGrafERLope PDYOaksYRussellYTitusY
BorelliYDinowitYGuntherYLope VJYO'DonneYRyanERWalterY
BoylandYDiPietrYHawleyYLupardoYOrtizYSaladinYWeinsteY
BraunstYDupreyYHeastieYLupinacYOtisYSantabaYWeisenbY
BrennanYEnglebrYHennessYMageeYPalmesaYScarborYWeprinY
BrindisYEspinalYHevesiYMagnareYPaulinYSchimelYWrightY
BronsonYFahyYHikindYMaiselYPeoplesYSchimmiYZebrowsY
Brook-KYFarrellYHooperYMalliotYPerryYSepulveYMr SpkrY
BuchwalYFinchYJacobsYMarkeyYPretlowYSimanowY
ButlerYFitzpatYJaffeeYMayerYQuartYSimotasY
CahillYFriendYJohnsYMcDonalYRaYSkartadY
CamaraYGabryszYJordanYMcDonouYRabbittYSkoufisY
CerettoYGalefNOKatzYMcKevitYRaiaYSolagesY
ClarkERGanttYKavanagYMcLaughYRamosYStecY

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A06658 Memo:

BILL NUMBER:A6658

TITLE OF BILL:  An act to amend the real property tax law, in relation
to partial tax abatements for certain property

SUMMARY OF PROVISIONS:

Section one of the bill amends subdivision 2 of section 467-a of the
Real Property Tax Law to provide that a tax abatement may be granted
to a dwelling unit in a property held in a cooperative or condominium
form of ownership where the unit in question is held in trust solely
for the benefit of a person or persons who would otherwise be eligible
to receive a tax abatement, were such person or persons the legal
owner of the unit.

Section two of the bill amends paragraph (f) of subdivision 2 of
section 467-a of the Real Property Tax Law to provide that a property
will not be prohibited from receiving an abatement pursuant to section
467-a if the property, or certain dwelling units therein, are
receiving benefits pursuant to sections 425 (School Tax Relief
exemption (STAR)) or 459-c (persons with disabilities and limited
incomes exemption) of the Real Property Tax Law.

REASONS FOR SUPPORT:

Currently, a dwelling unit will lose its eligibility for a tax
abatement pursuant to section 467-a if the owner transfers the
property into a trust. This bill would make it clear that the
abatements provided in section 467-a of the Real Property Tax Law
extend to a property held in trust solely for the benefit of a person
who would otherwise meet the eligibility requirements set forth in
section 467-a, were such person the legal owner of the unit.

This bill would also make it clear that receipt of benefits under Real
Property Tax Law section 425 or 459-c would not make one ineligible
for benefits under the co-op/condo real property tax abatement
program.

Accordingly, the Mayor urges the earliest possible favorable
consideration of this proposal by the Legislature.
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A06658 Text:

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

           S. 4600                                                  A. 6658

                              2013-2014 Regular Sessions

                             S E N A T E - A S S E M B L Y

                                    April 12, 2013
                                      ___________

       IN  SENATE -- Introduced by Sen. GOLDEN -- read twice and ordered print-
         ed, and when printed to be committed to the Committee on Local Govern-
         ment

       IN ASSEMBLY -- Introduced  by  M.  of  A.  WRIGHT,  SILVER,  BRAUNSTEIN,
         O'DONNELL -- read once and referred to the Committee on Ways and Means

       AN  ACT  to  amend the real property tax law, in relation to partial tax
         abatements for certain property

         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section 1. Subdivision 2 of section 467-a of the real property tax law
    2  is amended by adding a new paragraph (b-1) to read as follows:
    3    (B-1)  NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, THE
    4  PROVISIONS OF THIS SECTION SHALL APPLY TO  ANY  DWELLING  UNIT  HELD  IN
    5  TRUST  SOLELY FOR THE BENEFIT OF A PERSON OR PERSONS WHO WOULD OTHERWISE
    6  BE ELIGIBLE FOR AN ABATEMENT, PURSUANT TO THIS SECTION, WERE SUCH PERSON
    7  OR PERSONS THE OWNER OR OWNERS OF SUCH DWELLING UNIT.
    8    S 2. Paragraph (f) of subdivision 2 of section 467-a of the real prop-
    9  erty tax law, as separately amended by chapters 461 and 473 of the  laws
   10  of 2008, is amended to read as follows:
   11    (f)  For  purposes of this subdivision, a property shall be deemed not
   12  to be receiving complete or partial real property tax exemption  or  tax
   13  abatement  if  the  property  is, or certain dwelling units therein are,
   14  receiving benefits pursuant to section four hundred, four  hundred  two,
   15  four  hundred  four,  four hundred six, four hundred eight, four hundred
   16  ten, four hundred ten-a, four hundred  twelve,  four  hundred  twelve-a,
   17  four hundred sixteen, four hundred eighteen, four hundred twenty-a, four
   18  hundred  twenty-b,  FOUR  HUNDRED  TWENTY-FIVE, four hundred thirty-six,
   19  four hundred  fifty-eight,  four  hundred  fifty-eight-a,  FOUR  HUNDRED
   20  FIFTY-NINE-C,  four  hundred  sixty-two,  four hundred sixty-seven, four
   21  hundred  sixty-seven-b,  [or]  four  hundred  ninety-nine-bbb,  or  four

        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10305-01-3
       S. 4600                             2                            A. 6658

    1  hundred  ninety-nine-bbbb of this article, or if the property is receiv-
    2  ing a tax abatement but not a tax exemption  pursuant  to  section  four
    3  hundred eighty-nine of this article.
    4    S  3.  This  act  shall take effect immediately and shall be deemed to
    5  have been in full force and effect on and after June 1, 2012.
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