S00798 Summary:

BILL NOS00798A
 
SAME ASNo Same As
 
SPONSORRANZENHOFER
 
COSPNSRDEFRANCISCO, LARKIN
 
MLTSPNSR
 
Amd §1306-a, RPT L
 
Provides for the inclusion of sales tax revenue shared by a county with the school district in the STAR savings calculation.
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S00798 Actions:

BILL NOS00798A
 
01/07/2015REFERRED TO LOCAL GOVERNMENT
01/06/2016REFERRED TO LOCAL GOVERNMENT
01/19/2016AMEND AND RECOMMIT TO LOCAL GOVERNMENT
01/19/2016PRINT NUMBER 798A
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S00798 Committee Votes:

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S00798 Floor Votes:

There are no votes for this bill in this legislative session.
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S00798 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         798--A
 
                               2015-2016 Regular Sessions
 
                    IN SENATE
 
                                       (Prefiled)
 
                                     January 7, 2015
                                       ___________
 
        Introduced  by  Sens. RANZENHOFER, DeFRANCISCO, LARKIN -- read twice and
          ordered printed, and when printed to be committed to the Committee  on
          Local  Government  -- recommitted to the Committee on Local Government
          in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill
          amended, ordered reprinted as amended and recommitted to said  commit-
          tee
 
        AN  ACT  to  amend  the real property tax law, in relation to school tax
          relief program (STAR) savings calculation
 
          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 1306-a of the real property tax
     2  law, as amended by section 6 of part N of chapter  58  of  the  laws  of
     3  2011, is amended to read as follows:
     4    2.  Tax  savings. (a)(i) The tax savings for each parcel receiving the
     5  exemption authorized by section four hundred twenty-five of this chapter
     6  shall be computed by subtracting the amount actually levied against  the
     7  parcel  from  the  amount  that  would  have  been levied if not for the
     8  exemption, provided  however,  that  beginning  with  the  two  thousand
     9  eleven-two  thousand  twelve  school year, the tax savings applicable to
    10  any "portion" (which as used herein shall mean that part of an assessing
    11  unit located within a school district) shall not exceed the tax  savings
    12  applicable  to  that  portion in the prior school year multiplied by one
    13  hundred two percent, with the result rounded to the nearest dollar.  The
    14  tax  savings  attributable to the basic and enhanced exemptions shall be
    15  calculated separately. It shall be the responsibility of the commission-
    16  er to calculate tax savings limitations for purposes  of  this  subdivi-
    17  sion.
    18    (ii)  The  tax  savings  applicable  to a portion for the two thousand
    19  ten-two thousand eleven school year shall be determined  by  multiplying
    20  the exempt amount applicable to the portion for the two thousand ten-two

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01983-02-6

        S. 798--A                           2
 
     1  thousand  eleven  school  year by the tax rate applicable to the portion
     2  for the two thousand ten-two thousand eleven school year, with  separate
     3  calculations for the basic and enhanced exemptions.
     4    (iii)  Where  a  school tax rate was changed in the midst of the prior
     5  school year, an annualized school  tax  rate  shall  be  used  for  this
     6  purpose. The annualized tax rate for this purpose shall be determined by
     7  calculating  the  average  of  the  tax rates in effect at various times
     8  during the school year, weighted according to the length of time  during
     9  which they were respectively applicable.
    10    (b)  For purposes of this subdivision, tax savings shall be calculated
    11  to include any sales tax revenue  shared  by  a  county  with  a  school
    12  district.  Such  sales  tax  revenue  shall be added on a pro rata basis
    13  equal to the percentage that each parcel receiving an  exemption  is  to
    14  the entire tax levy, as an additional tax levy, prior to calculating the
    15  savings.
    16    (c) A statement shall then be placed on the tax bill for the parcel in
    17  substantially  the following form: "Your tax savings this year resulting
    18  from the New York state school tax relief (STAR) program is $_______."
    19    § 2. This act shall take effect immediately and shall  apply  to  real
    20  property  taxes  levied for fiscal years commencing on and after January
    21  first of the fiscal year next succeeding the date on which it shall have
    22  become a law.
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