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Sponsors
No co-sponsors yet.
History
- Print number 2746a
- Amend and recommit to local government
- 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 imposition of a fine for the failure of a cooperative apartment corporation to credit the STAR exemption to the tenant-stockholders thereof
In Assembly Committee · Real Property Taxation · Sponsor J. Gary Pretlow
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 providing for the imposition of a civil penalty for the failure of a cooperative apartment corporation to credit the STAR exemption to the tenant-stockholders thereof and for the recoupment by such tenant-stockholders of amounts due them
Purpose or general idea of bill
This bill guarantees that those residents in cooperative apartments receive their STAR benefit exemptions as provided by law.
Summary of specific provisions
Amends 425 of the Real Property Tax Law to allow tenants, living in apartment cooperatives to seek judicial redress when a cooperative corporation does not fully comply with disbursing STAR benefits.
Justification
Tenants in apartment cooperatives are entitled to STAR benefits like many other citizens. In these cases, the cooperative corporation disburses the STAR benefit to the tenant. However, there have been many cases where the corporation has not fully complied with the law and has not distributed the benefit in a timely manner as prescribed by law or, in many cases, has not distributed the benefit at all. When this does happen tenants have no remedy. This bill would provide a remedy to these tenants similar to the remedies allowed by law to others including mobile home residents.
Prior legislative history
A.4090 of 2013-2014 (Pretlow): Died in Codes (2013)/Died in Real Property Tax (2014)
Fiscal implications
None.
Effective date
This act shall take effect immediately and shall apply to the administration of the school tax relief, (STAR) exemption authorized by section 425 of the real property tax law beginning with the 2016-2017 school year.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.