What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
History
- Referred to local government
- Referred to local government
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Provides for the inclusion of sales tax revenue shared by a county with the school district in the STAR savings calculation
In Assembly Committee · Real Property Taxation · Sponsor Robin Schimminger
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the real property tax law, in relation to school tax relief program (STAR) savings calculation
Purpose of the bill
To give equal STAR relief to homeowners who pay their school taxes in part through sales tax revenue
Summary of specific provisions
This bill amends subdivision 2 of section 1306-a of the Real Property Tax Law by adding a new section (b) which provides that STAR tax savings shall be calculated to include any sales tax revenue shared by a county with a school district. Any such sales tax revenue shall be added to each residential tax parcel eligible for STAR exemption in its pro rata percentage as an additional tax levy, prior to calculating the STAR tax savings. The first sentence of existing subdivision 2 is lettered as (a) and the second sentence in existing subdivision 2 is lettered as (c).
Justification
There are currently five counties that share sales tax revenues with their school districts. In effect, each resident is paying part of his or her school taxes through sales taxes. Current STAR law considers only the school taxes paid on the real property tax bill in calculating the STAR rebate, unfairly reducing the STAR and Senior STAR rebates to residents in these counties. This bill would add the sales taxes paid to school districts into the amount used to calculate the STAR savings.
Prior legislative history
2008 - S.2333-A/A.6485-A -- FINANCE/Real Property Taxation 2007 - S.2333/A.6485 -- FINANCE/Real Property Taxation
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately and apply to real property taxes levied for fiscal years commencing on or after January 1, 2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.