A01329 Summary:

BILL NOA01329A
 
SAME ASSAME AS UNI. S01551-A
 
SPONSORGalef
 
COSPNSRWallace, Otis
 
MLTSPNSR
 
Add §485-v, RPT L
 
Creates a statewide residential revaluation exemption; defines "eligible residential property"; and provides applicability, eligibility and the exemption calculation.
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A01329 Actions:

BILL NOA01329A
 
01/15/2019referred to real property taxation
02/27/2019reported referred to ways and means
06/06/2019reported referred to rules
06/19/2019reported
06/19/2019rules report cal.582
06/19/2019ordered to third reading rules cal.582
06/20/2019passed assembly
06/20/2019delivered to senate
06/20/2019REFERRED TO RULES
01/08/2020DIED IN SENATE
01/08/2020RETURNED TO ASSEMBLY
01/08/2020ordered to third reading cal.68
01/14/2020amended on third reading 1329a
07/20/2020passed assembly
07/20/2020delivered to senate
07/20/2020REFERRED TO RULES
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A01329 Committee Votes:

REAL PROPERTY TAXATION Chair:Galef DATE:02/27/2019AYE/NAY:9/0 Action: Favorable refer to committee Ways and Means
GalefAyeMillerAye
McDonaldAyeTagueExcused
PichardoAye
DickensAye
BarnwellAye
RosenthalAye
SayeghAye
EichensteinAye

WAYS AND MEANS Chair:Weinstein DATE:06/06/2019AYE/NAY:29/2 Action: Favorable refer to committee Rules
WeinsteinAyeBarclayAye
LentolExcusedCrouchNay
SchimmingerAyeFitzpatrickAye
GanttExcusedHawleyAye
GlickAyeMalliotakisNay
NolanAyeMontesanoAye
PretlowAyeRaAye
PerryAyeBlankenbushAye
ColtonAyePalmesanoAye
CookAyeNorrisAye
CahillAye
AubryAye
ThieleAye
CusickAye
OrtizAye
BenedettoExcused
WeprinAye
RodriguezAye
RamosAye
BraunsteinAye
McDonaldAye
RozicAye
SimotasAye
DinowitzAye
MillerExcused

RULES Chair:Gottfried DATE:06/19/2019AYE/NAY:27/0 Action: Favorable
HeastieExcusedKolbAye
GottfriedAyeCrouchAye
LentolAyeFinchAye
GanttExcusedBarclayAye
NolanExcusedRaiaAye
WeinsteinAyeHawleyAye
OrtizAyeGiglioAye
PretlowAyeMalliotakisAye
CookAye
GlickAye
AubryAye
EnglebrightAye
DinowitzAye
ColtonAye
MagnarelliAye
PerryAye
PaulinAye
TitusExcused
Peoples-StokesAye
BenedettoAye
LavineAye
LupardoAye
ZebrowskiAye

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A01329 Floor Votes:

DATE:06/21/2019Assembly Vote  YEA/NAY: 144/0
Yes
Abbate
Yes
Crespo
ER
Gantt
Yes
LiPetri
Yes
Perry
Yes
Simon
Yes
Abinanti
Yes
Crouch
Yes
Garbarino
Yes
Lupardo
Yes
Pheffer Amato
Yes
Simotas
Yes
Arroyo
Yes
Cruz
Yes
Giglio
Yes
Magnarelli
Yes
Pichardo
Yes
Smith
Yes
Ashby
Yes
Cusick
Yes
Glick
Yes
Malliotakis
Yes
Pretlow
Yes
Smullen
Yes
Aubry
Yes
Cymbrowitz
Yes
Goodell
Yes
Manktelow
Yes
Quart
Yes
Solages
Yes
Barclay
Yes
Davila
Yes
Gottfried
Yes
McDonald
Yes
Ra
Yes
Stec
Yes
Barnwell
Yes
De La Rosa
Yes
Griffin
ER
McDonough
Yes
Raia
Yes
Steck
Yes
Barrett
Yes
DenDekker
Yes
Gunther
Yes
McMahon
Yes
Ramos
Yes
Stern
Yes
Barron
Yes
DeStefano
Yes
Hawley
Yes
Mikulin
ER
Raynor
Yes
Stirpe
Yes
Benedetto
Yes
Dickens
Yes
Hevesi
Yes
Miller B
Yes
Reilly
Yes
Tague
Yes
Bichotte
Yes
Dilan
Yes
Hunter
Yes
Miller MG
Yes
Reyes
Yes
Taylor
Yes
Blake
Yes
Dinowitz
Yes
Hyndman
Yes
Miller ML
Yes
Richardson
Yes
Thiele
Yes
Blankenbush
Yes
DiPietro
Yes
Jacobson
Yes
Montesano
Yes
Rivera
ER
Titus
Yes
Brabenec
Yes
D'Urso
Yes
Jaffee
Yes
Morinello
Yes
Rodriguez
Yes
Vanel
Yes
Braunstein
Yes
Eichenstein
Yes
Jean-Pierre
Yes
Mosley
Yes
Romeo
Yes
Walczyk
Yes
Bronson
Yes
Englebright
Yes
Johns
Yes
Niou
Yes
Rosenthal D
Yes
Walker
Yes
Buchwald
Yes
Epstein
Yes
Jones
Yes
Nolan
Yes
Rosenthal L
Yes
Wallace
Yes
Burke
Yes
Fahy
Yes
Joyner
Yes
Norris
Yes
Rozic
Yes
Walsh
Yes
Buttenschon
Yes
Fall
Yes
Kim
Yes
O'Donnell
Yes
Ryan
Yes
Weinstein
Yes
Byrne
Yes
Fernandez
Yes
Kolb
Yes
Ortiz
Yes
Salka
Yes
Weprin
Yes
Byrnes
Yes
Finch
Yes
Lalor
Yes
Otis
Yes
Santabarbara
Yes
Williams
Yes
Cahill
Yes
Fitzpatrick
Yes
Lavine
Yes
Palmesano
ER
Sayegh
Yes
Woerner
Yes
Carroll
Yes
Friend
Yes
Lawrence
Yes
Palumbo
Yes
Schimminger
Yes
Wright
Yes
Colton
Yes
Frontus
Yes
Lentol
Yes
Paulin
Yes
Schmitt
Yes
Zebrowski
Yes
Cook
Yes
Galef
Yes
Lifton
ER
Peoples-Stokes
Yes
Seawright
Yes
Mr. Speaker

‡ Indicates voting via videoconference
DATE:07/20/2020Assembly Vote  YEA/NAY: 142/0
Yes
Abbate
Yes
Crouch
Yes
Garbarino
Yes
Lupardo
Yes
Pheffer Amato
Yes
Solages
Yes
Abinanti
Yes
Cruz
Yes
Giglio
Yes
Magnarelli
Yes
Pichardo
Yes
Stec
Yes
Arroyo
Yes
Cusick
Yes
Glick
Yes
Malliotakis
Yes
Pretlow
Yes
Steck
Yes
Ashby
Yes
Cymbrowitz
Yes
Goodell
Yes
Manktelow
Yes
Quart
Yes
Stern
Yes
Aubry
Yes
Darling
Yes
Gottfried
Yes
McDonald
Yes
Ra
Yes
Stirpe
Yes
Barclay
Yes
Davila
Yes
Griffin
Yes
McDonough
Yes
Ramos
Yes
Tague
Yes
Barnwell
Yes
De La Rosa
Yes
Gunther
Yes
McMahon
Yes
Reilly
Yes
Taylor
Yes
Barrett
Yes
DenDekker
Yes
Hawley
Yes
Mikulin
Yes
Reyes
Yes
Thiele
Yes
Barron
Yes
DeStefano
Yes
Hevesi
Yes
Miller B
ER
Richardson
Yes
Vanel
Yes
Benedetto
Yes
Dickens
Yes
Hunter
Yes
Miller MG
Yes
Rivera
Yes
Walczyk
Yes
Bichotte
Yes
Dilan
Yes
Hyndman
Yes
Miller ML
Yes
Rodriguez
Yes
Walker
Yes
Blake
Yes
Dinowitz
Yes
Jacobson
Yes
Montesano
Yes
Rosenthal D
Yes
Wallace
Yes
Blankenbush
Yes
DiPietro
Yes
Jaffee
Yes
Morinello
Yes
Rosenthal L
Yes
Walsh
Yes
Brabenec
Yes
D'Urso
Yes
Jean-Pierre
Yes
Mosley
Yes
Rozic
Yes
Weinstein
Yes
Braunstein
Yes
Eichenstein
Yes
Johns
Yes
Niou
Yes
Ryan
Yes
Weprin
Yes
Bronson
Yes
Englebright
Yes
Jones
Yes
Nolan
Yes
Salka
Yes
Williams
Yes
Buchwald
Yes
Epstein
Yes
Joyner
Yes
Norris
Yes
Santabarbara
Yes
Woerner
Yes
Burke
Yes
Fahy
Yes
Kim
Yes
O'Donnell
Yes
Sayegh
Yes
Wright
Yes
Buttenschon
Yes
Fall
Yes
Kolb
Yes
Ortiz
ER
Schimminger
Yes
Zebrowski
Yes
Byrne
Yes
Fernandez
Yes
Lalor
Yes
Otis
Yes
Schmitt
Yes
Mr. Speaker
Yes
Byrnes
ER
Finch
Yes
Lavine
Yes
Palmesano
Yes
Seawright
Yes
Cahill
Yes
Fitzpatrick
Yes
Lawrence
Yes
Palumbo
Yes
Simon
Yes
Carroll
Yes
Friend
Yes
Lentol
Yes
Paulin
Yes
Simotas
Yes
Colton
Yes
Frontus
Yes
Lifton
Yes
Peoples-Stokes
Yes
Smith
Yes
Cook
Yes
Galef
Yes
LiPetri
Yes
Perry
Yes
Smullen

‡ Indicates voting via videoconference
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A01329 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
            S. 1551--A                                            A. 1329--A
                                                                 Cal. No. 68
 
                               2019-2020 Regular Sessions
 
                SENATE - ASSEMBLY
 
                                    January 15, 2019
                                       ___________
 
        IN  SENATE  --  Introduced  by Sens. CARLUCCI, KENNEDY -- 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
 
        IN  ASSEMBLY  --  Introduced by M. of A. GALEF, WALLACE -- read once and
          referred to the Committee on Real Property Taxation --  ordered  to  a
          third  reading,  amended and ordered reprinted, retaining its place on
          the order of third reading
 
        AN ACT to amend the real property tax law, in relation to a  residential
          revaluation exemption
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. The real property tax  law  is  amended  by  adding  a  new
     2  section 485-v to read as follows:
     3    §  485-v.  Residential  revaluation exemption. 1. Applicability.   The
     4  governing body of an assessing unit may, after a public  hearing,  adopt
     5  the  provisions of this section by local law in the first year of a full
     6  value revaluation to provide a residential revaluation exemption. If the
     7  governing body of an assessing unit passes a local law pursuant to  this
     8  subdivision,  such  exemption shall also apply in the same manner and to
     9  the same extent to each village,  county,  special  district  or  school
    10  district  that  levies  taxes  on  the  assessment roll prepared by such
    11  assessing unit. A village assessing unit, within an assessing unit  that
    12  has  conducted  a  revaluation  and that chooses to adopt that assessing
    13  unit's latest final assessment roll is permitted to adopt the provisions
    14  of this section within two years of its implementation.
    15    2. Eligibility. (a) The assessors in each  assessing  unit  that  have
    16  adopted the provisions of this section shall, in the first year in which
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00259-02-0

        S. 1551--A                          2                         A. 1329--A
 
     1  revaluation assessments are to be entered on the assessment roll and for
     2  the next succeeding year, apply to each eligible residential property an
     3  exemption  as  provided  in  subdivision  three of this section. For the
     4  purpose  of  this  section, to be an "eligible residential property" the
     5  following criteria must be met:
     6    (i) The property must be a residential property, provided that  dwell-
     7  ing  units  held in condominium form of ownership shall only be eligible
     8  if located in an approved assessing unit and classified in the homestead
     9  class or located in a special assessing unit  and  classified  in  class
    10  one;
    11    (ii)  The  property  must  be  eligible  to receive the STAR exemption
    12  authorized by section four hundred twenty-five  of  this  title  or  the
    13  owner  or  owners  must  be  eligible to receive the personal income tax
    14  school tax relief  (STAR)  credit  authorized  by  subsection  (eee)  of
    15  section six hundred six of the tax law, for such property;
    16    (iii)  In  any given year, the owner or owners receiving the exemption
    17  pursuant to this section must be the same as the owner  or  owners  that
    18  appeared  on  the  assessment  roll upon which the revaluation is imple-
    19  mented; and
    20    (iv) The property must not have any delinquent taxes as of the taxable
    21  status date for the roll on which an exemption is applied.
    22    (b) In addition to the criteria provided  in  paragraph  (a)  of  this
    23  subdivision,  an  assessing  unit  may  further limit the eligibility to
    24  eligible residential property whose full value increase exceeded  a  set
    25  percentage  threshold  as  specified  in  their  local  law adopting the
    26  provisions of this section.
    27    3. Exemption calculation. (a)(i) The exemption shall be computed  with
    28  respect  to  a  percentage  of  the "exemption base." The exemption base
    29  shall be the amount by which the assessed value of  a  property  on  the
    30  assessment  roll  upon  which the revaluation is implemented exceeds the
    31  prior year's equalized assessed value,  as  determined  in  the  initial
    32  year.  The  prior year's equalized assessed value shall be determined by
    33  applying the applicable change in level  of  assessment  factor  to  the
    34  prior  year's  assessed  value.  Such  exemption  base shall not include
    35  increases due to a physical improvement or a removal or reduction of  an
    36  exemption on property.
    37    (ii)  Any  increase  in  the  assessment of a property due to physical
    38  changes in the year following  the  implementation  roll  shall  not  be
    39  eligible for the exemption. In the event that any portion of a parcel is
    40  fully  or  partially removed from the roll during the year following the
    41  implementation roll by reason of fire, demolition,  destruction  or  new
    42  exemption,  the  assessor  shall  reduce the exemption for any remaining
    43  portion in the same proportion assessment  is  reduced  for  such  fire,
    44  demolition,  destruction  or  new exemption. If a property's revaluation
    45  assessment is reduced pursuant to title one-A of article five, or  title
    46  one  or  one-A  of article seven of this chapter, the exemption shall be
    47  recomputed accordingly.
    48    (b)(i) The exemption shall be to the extent of sixty-six per centum of
    49  the exemption base in year  one  and  thirty-three  per  centum  of  the
    50  exemption base in year two.
    51    (ii)  The  following  table  shall  illustrate  the computation of the
    52  exemption:
    53            Year of exemption        Percentage of Exemption
    54            1                        66% of exemption base
    55            2                        33% of exemption base

        S. 1551--A                          3                         A. 1329--A
 
     1    4. Granting of exemption. (a) Such exemption  shall  be  granted  only
     2  upon  application by the owner or owners of such real property on a form
     3  prescribed by the commissioner. Such application shall be filed with the
     4  assessor on or before  the  appropriate  taxable  status  date  for  the
     5  assessment roll upon which the revaluation is implemented.
     6    (b)  If the assessor is satisfied that the applicant is entitled to an
     7  exemption pursuant to this section, he or she shall approve the applica-
     8  tion and the taxable assessed value shall be reduced by  the  exemption,
     9  as in this section provided commencing with the assessment roll prepared
    10  after  the  taxable  status  date.  The  assessed value of any exemption
    11  granted pursuant to this section shall be entered by the assessor on the
    12  assessment roll with the amount of the exemption  shown  in  a  separate
    13  column.
    14    (c)  In  the  event that the residential property granted an exemption
    15  pursuant to this section transfers ownership or otherwise ceases to meet
    16  the eligibility requirements of the exemption in subdivision two of this
    17  section, the exemption granted pursuant to this section shall be discon-
    18  tinued. Upon determining that an  exemption  granted  pursuant  to  this
    19  section  should  be  discontinued,  the  assessor shall mail a notice so
    20  stating to the owner or owners thereof at the time  and  in  the  manner
    21  provided by section five hundred ten of this chapter.
    22    § 2. This act shall take effect immediately.
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