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- Referred to aging
- Referred to aging
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 that where a senior citizen purchases real property after the taxable status date, such person shall be eligible for the enhanced STAR exemption
In Assembly Committee · Real Property Taxation · Sponsor Fred Thiele
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 eligibility for the enhanced school tax relief exemption for senior citizens for properties purchased after the levy of taxes
Purpose or general idea of bill
This bill provides that where a senior citizen purchases real property after the taxable status date, such person shall be eligible for the enhanced STAR exemption.
Summary of specific provisions
§ 1- Amends subdivision 6 of § 425 of the Real Property Tax Law by adding a new paragraph (g).
§ 2- Effective date.
Existing law
Current law does not allow the retention of the STAR exemption for those over 65 who move subsequent to the taxable status date.
Justification
Real property tax law 467 subdivision (9) presently allows a senior citizen who moves after a municipal taxable status date to retain their eligibility for the regular senior citizens property tax exemption. This bill will correct a technical oversight that occurred when the STAR program was enacted by making a similar opportunity to transfer an existing exemption available to STAR applicants who are over 65.
This bill will allow a senior citizen to move after ill municipal taxable status date and still be eligible for the enhanced senior citizen exemption for that year. The property owner must tile an application for exemption within 30 days after receiving title to the property. The assessor, no later than 30 days after receiving such application, shall notify both the applicant and the Board of Assessment review by first class mail of the exempt amount which is then subject to the assessment review process. This process will ensure that senior citizens do not lose an exemption for which they are otherwise qualified.
Legislative history
2007-08, S.941; 2005-2006, S.1559; 2003-2004, S.2583; 2001-2002, S.2311; 1999-2000, S.3246.
Fiscal implications
None. There will be no new costs because the exemption has already been allotted for in state funds and is shifting.
Effective date
This act shall take effect immediately and shall apply to real property transferred to qualified senior citizens after taxable status dates occurring on or after such date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.