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Who cares
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Sponsors
No co-sponsors yet.
History
- 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.
Relates to extending the benefits of the STAR program to small businesses
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 extending the benefits of the STAR program to small businesses
Purpose or general idea of bill
Allow real property owned by a small business to be eligible for the STAR program.
Summary of specific provisions
Section 1 Amends the real property tax law to include small businesses to qualify for the STAR property tax exemption. Defines small business to mean a business which employs one hundred persons or less.
Section 2 Provides that the act shall take effect immediately and shall apply to all taxable years beginning on and after January 1, 2016.
Justification
The STAR program provides for a partial exemption from school property taxes for owner-occupied, primary residences. This bill would expand the STAR program to real property owned by small businesses (one hundred or less employees).
Legislative history
None.
Fiscal implications
To be determined.
Effective date
Applying to taxable years beginning on January 1, 2016.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.