Amends the school tax relief (STAR) exemption base figure to be on a sliding scale determined by affiliated income; amends the maximum amount for the parcel's affiliated income from five hundred thousand dollars to three hundred thousand dollars.
STATE OF NEW YORK
________________________________________________________________________
2017
2015-2016 Regular Sessions
IN SENATE
January 21, 2015
___________
Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when
printed to be committed to the Committee on Aging
AN ACT to amend the real property tax law, in relation to the school tax
relief (STAR) exemption
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Clause (B) of subparagraph (vi) of paragraph (b) of subdi-
2 vision 2 of section 425 of the real property tax law, as added by
3 section 1 of part D-1 of chapter 57 of the laws of 2007, is amended to
4 read as follows:
5 (B) The base figure for the basic STAR exemption shall be [thirty
6 thousand dollars.] in accordance with the following schedule:
7 AFFILIATED INCOME, PURSUANT
8 TO PARAGRAPH (b-1) OF
9 SUBDIVISION 3 OF THIS SECTIONBASE FIGURE
10 More than $200,000 but
11 less than $300,000$30,000
12 More than $100,000 but
13 less than $200,000$40,000
14 Less than $100,000$50,000
15 § 2. Paragraph (b-1) of subdivision 3 of section 425 of the real prop-
16 erty tax law, as added by section 1 of part FF of chapter 57 of the laws
17 of 2010, is amended to read as follows:
18 (b-1) Income. For final assessment rolls to be used for the levy of
19 taxes for the two thousand eleven-two thousand twelve school year and
20 thereafter, the parcel's affiliated income may be no greater than [five]
21 three hundred thousand dollars, as determined by the commissioner of
22 taxation and finance pursuant to section one hundred seventy-one-u of
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD03509-01-5
S. 2017 2
1 the tax law, in order to be eligible for the basic exemption authorized
2 by this section. As used herein, the term "affiliated income" shall mean
3 the combined income of all of the owners of the parcel who resided
4 primarily thereon on the applicable taxable status date, and of any
5 owners' spouses residing primarily thereon. For exemptions on final
6 assessment rolls to be used for the levy of taxes for the two thousand
7 eleven-two thousand twelve school year, affiliated income shall be
8 determined based upon the parties' incomes for the income tax year
9 ending in two thousand nine. In each subsequent school year, the appli-
10 cable income tax year shall be advanced by one year. The term "income"
11 as used herein shall have the same meaning as in subdivision four of
12 this section.
13 § 3. This act shall take effect immediately.
