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S5401Senate2015-2016 Session

Increases the base figures for the basic and enhanced STAR exemptions for real property in rural areas

Sponsor George AmedoreSD-46Affects 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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Who cares

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Sponsors

Primary sponsor
George Amedore

Senator · Senate District 46

Chair, Alcoholism And Drug Abuse

No co-sponsors yet.

History

  1. Referred to local government
  2. Referred to local government

Full text

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

Sponsor's memo

BILL NUMBER:S5401

Title of bill

An act to amend the real property tax law, in relation to increasing the base figure for basic and enhanced school tax relief exemption for property located in rural areas

Purpose

Increases the base figures for the basic and enhanced STAR exemptions for real property in rural areas.

Summary of provisions

Section 1: Amends Subparagraph (vi) of paragraph (b) of subdivision 2 of section 425 of the real property tax law, as added by section 1 of part D-1 of chapter 57 of the laws of 2007, clause (A) as furtheramended by subdivision (b) of section 1 of part W of chapter 56 of the laws of 2010: Clause (A) is amended to increase the base figure for enhanced STAR exemption to 85,000 dollars in rural areas. Clause (B) is amended to increase the base figure for STAR to 40,000 dollars. Clause (C) established the definition of 'rural' for the purpose of this bill.

Section 2: Adds paragraph (m) to subdivision 2 of section 425 of the real property tax law.

Section 3: Establishes the effective date as the first of January next succeeding the date on which it shall have become a law.

Justification

Residents in rural communities carry a much heavier burden as the population continues to decrease and those who remain in these areas are left to bear a greater share of the tax levy. By providing the increase in the amount that can be exempt from the full value of a home from school taxes, the state is helping residents to stay in their homes.

Legislative history

This is a new bill.

Fiscal implications

To be determined.

Effective date

This act shall take effect on the first of January next succeeding the date on which it shall have become a law.

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