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S2338Senate2011-2012 Session

Provides for the inclusion of sales tax revenue shared by a county with the school district in the STAR savings calculation

Sponsor Michael H. RanzenhoferSD-61+5 co-sponsorsAffects Local Government
Status
In Senate Committee
Local Government
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Local Government

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Sponsors

Primary sponsor
Michael H. Ranzenhofer

Senator · Senate District 61

Chair, Corporations, Authorities And Commissions

History

  1. Print number 2338a
  2. Amend and recommit to local government
  3. Referred to local government
  4. Referred to local government

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S2338A

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

2011 - S.2338 - Local Government 2010 - S.2641/A.4844 - Local Government/Real Property 2008 - S.2333A/A.6485 - 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, 2012.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.