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- Referred to real property taxation
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Sponsor's memo
BILL NUMBER:A10360
Title of bill
An act to amend the real property tax law, in relation to eligibility of property owned jointly by senior citizens and non-sen- ior citizens for the enhanced STAR exemption
Purpose or general idea of bill
To provide property taxpayers who are over 55 years of age, and otherwise eligible for the enhanced STAR exemption, who share ownership of real property with a person or persons who are less than 65 years of age, and ineligible for an enhanced STAR exemption, with an enhanced exemption based upon the percentage of the real property owned by the senior citizen.
Summary of specific provisions
Amends Paragraph (a) of subdivision 4 of section 425 of the real property tax law, as added by section 2 of part E of chapter 83 of the laws of 2002 which reaffirms existing law by stating that in the case of married couples, only one spouse must be 65 years of age or older and otherwise eligible for a STAR exemption for the exemption to be provided, and a subparagraph (ii) which states that an owner or owners of the property who are 65 years of age or older, and otherwise eligible for the enhanced STAR exemption, who co-own their property with a person or persons who are less than 65 years of age, who are not married, are eligible to receive an enhanced STAR exemption on that part of the property which is owned by the person or persons who are 65 years of age, and otherwise eligible for the enhanced STAR exemption.
Justification
The STAR program is a great program for the people of New York State. However, during the period of implementation, certain minor flaws have been identified. One such flaw is the following: a person who is 65 years of age or older, who otherwise would be eligible for the enhanced STAR exemption, becomes ineligible if they co-own their proper- ty with a person who is less than 65 years of age. This provision affects unmarried partners, siblings, longtime friends, and single parents and children who co-own property.
Prior legislative history
2005: A.5272; Held for consideration in Real Property Taxation 2007: A.5272; Referred to Real Property Taxation 2006: A.3838; Held for consideration in Real Property Taxation 2005: A.3838; Referred to Real Property Taxation 2004: A.2221; Held for consideration in Real Property Taxation 2003: A.2221; Referred to Real Property Taxation 2002: A.2976; Held for consideration in Real Property Taxation 2001: A.2976; Referred to Real Property Taxation 2000: A.2770; Held for consideration in Real Property Taxation 1999: A.2770; Referred to Real Property Taxation 1998: A.10125; Referred to Real Property Taxation
Fiscal implications
To be determined.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.