BILL NO A07793
SAME AS No same as
SPONSOR Garbarino
COSPNSR Jaffee, Borelli, Hawley, Graf, Raia, DiPietro, Crouch
MLTSPNSR Cook, Jordan, Simanowitz, Thiele
Amd S425, RPT L
Relates to raising the income cap for senior citizens applying for the enhanced
STAR property tax exemption.
BILL NUMBER:A7793
TITLE OF BILL: An act to amend the real property tax law, in relation
to raising the income cap for senior citizens applying for the
enhanced STAR property tax exemption
PURPOSE OR GENERAL IDEA OF BILL:
To increase the income cap level for senior citizens applying for the
enhanced STAR property tax exemption to one hundred thousand dollars.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1: Adds new clause (B-1) changing the income standard to one
hundred thousand dollars for years two thousand fourteen and beyond.
Section 2: Is the effective date
JUSTIFICATION:
The STAR program has provided seniors across the State with needed tax
relief. As a result, many seniors who live on fixed incomes have been
able to remain in their homes. Over the years the cost of living has
increased while the enhanced star cap has remained the same. Many
seniors are living on fixed incomes and with the rising cost of living
comes a need to increase the cap to add much needed relief to our
senior citizens.
PRIOR LEGISLATIVE HISTORY:
New Bill
FISCAL IMPLICATIONS:
To be determined.
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to all tax
years commencing on or after it shall have become law.
S T A T E O F N E W Y O R K
________________________________________________________________________
7793
2013-2014 Regular Sessions
I N A S S E M B L Y
June 4, 2013
___________
Introduced by M. of A. GARBARINO -- read once and referred to the
Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to raising the
income cap for senior citizens applying for the enhanced STAR property
tax 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 (b) of subdivision 4 of
2 section 425 of the real property tax law is amended by adding a new
3 clause (B-1) to read as follows:
4 (B-1) FOR FINAL ASSESSMENT ROLLS TO BE COMPLETED IN TWO THOUSAND FOUR-
5 TEEN, ELIGIBILITY FOR THE EXEMPTION SHALL BE BASED UPON INCOME FOR THE
6 INCOME TAX YEAR IMMEDIATELY PRECEDING THE DATE OF MAKING APPLICATION FOR
7 THE EXEMPTION, AND THE INCOME STANDARD SHALL BE ONE HUNDRED THOUSAND
8 DOLLARS.
9 S 2. This act shall take effect immediately and shall apply to all tax
10 years commencing on or after it shall have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11263-01-3
