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
No co-sponsors yet.
History
- Substituted by A8235
- Ordered to third reading cal.1198
- Reported and committed to rules
- Referred to finance
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.
Extends provisions of part RR of chapter 57 of the laws of 2008 relating to administration of certain funds and accounts
Signed by Governor · Sponsor Herman D. Farrell
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5665
Title of bill
An act to amend part RR of chapter 57 of the laws of 2008 providing for the administration of certain funds and accounts related to the 2008-2009 budget, in relation to the extension of certain provisions thereof
Purpose of bill
To extend the effective date of the provision authorizing the reimbursement to school districts for the STAR real property tax exemptions and the City of New York and the New York City income tax rate reductions and personal income tax credits relating to STAR.
Summary of provisions
Section 1 of the bill would extend to March 31, 2012 the expiration date of the amendments to subdivision 5 of section 97-rrr of the State Finance Law authorizing a total reimbursement to school districts and the City of New York of up to $3,308,000,000 for the STAR real property tax exemptions and the City of New York and the New York City income tax rate reductions and personal income tax credits relating to STAR.
Existing law
The provisions authorizing the reimbursement to school districts and the City of New York of up to $3,308,000,000 for the STAR real property tax exemptions and the City of New York and the New York City income tax rate reductions and personal income tax credits relating to STAR expired on March 31, 2011.
Prior legislative history
This is a new bill.
Statement in support
This bill is necessary to provide the authorization to the State to reimburse school districts and the City of New York of up to $3,308,000,000 for the STAR real property tax exemptions and the City of New York and the New York City income tax rate reductions and personal income tax credits relating to STAR. If this bill is not enacted, the law will not allow for this important reimbursement.
Budget implications
The State will not be able to reimburse school districts and New York City for expenses related to STAR if this bill is not enacted.
Effective date
This bill will take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.