What's happening
This bill requires STAR property tax credit payments to be issued on time and imposes late fees for delayed or incorrect payments.
Why it matters
Establishes strict deadlines for issuing STAR property tax credit payments. , tying the mailing of payments to specific dates relative to the school tax interest-free period, rather than a loosely enforced annual deadline. This creates more predictability for homeowners relying on these funds to pay their school taxes on time.
Introduces automatic late fees when payments are delayed or incorrect. , providing a financial incentive for the tax department to process credits promptly and accurately, and offering compensation to taxpayers for the inconvenience and potential penalties caused by state delays.
Requires late fees to increase monthly if the issue persists. , which further pressures the state to resolve issues quickly and protects taxpayers from prolonged disruptions, helping to ensure timely support for household budgeting and cash flow.
Eliminates administrative loopholes that previously allowed late payments without consequence. , holding the tax department more accountable and potentially reducing confusion, delays, and frustration for eligible property owners.
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Who cares
Headline styles
Speed Up STAR Payments
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to real property taxation
- Print number 3947a
- Amend (t) and recommit to real property taxation
- Referred to real property taxation
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.
Speed Up STAR Payments
In Senate Committee · Local Government · Sponsor David Carlucci
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3947--A
2017-2018 Regular Sessions
IN ASSEMBLY
January 30, 2017
Introduced by M. of A. GALEF -- read once and referred to the Committee on Real Property Taxation -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the tax law, in relation to requiring STAR program payments to be issued timely
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subparagraph (B) of paragraph 10 of subsection (eee) of section 606 of the tax law, as amended by section 8 of part A of chapter 73 of the laws of 2016, is amended and a new subparagraph (F) is added to read as follows:
(B) On or before September [fifteenth] first of each year, or as soon thereafter as practicable, the commissioner shall determine the eligibility of taxpayers for this credit utilizing the information available to him or her as obtained from the applications submitted [on or before July first of that year, or such later date as may have been prescribed by the commissioner for that purpose,] and from such other sources as the commissioner deems reliable and appropriate. For those taxpayers whom the commissioner has determined eligible for this credit, the commissioner shall advance a payment in the amount specified in paragraph three, four or six of this subsection, whichever is applicable. Such payment shall be [issued by September thirtieth] postmarked no later than fifteen days prior to the expiration of the interest free period to pay school taxes of the year the credit is allowed, or [as soon thereafter as is practicable] no later than ninety days after the receipt of an application for the credit, whichever is later. [Nothing contained herein shall be deemed to preclude the commissioner from issuing payments after September thirtieth to qualified taxpayers whose applications were made after July first of that year, or such later date as may have been prescribed by the commissioner for such purpose.]
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07549-04-7
A. 3947--A 2
(F) In the event that an advanced payment is postmarked after the dates prescribed under subparagraph (B) of this paragraph the commissioner shall apply to such credit a late fee of five percent, with an additional one percent per month thereafter until such credit is postmarked. In the event that an advanced payment is issued in an incorrect amount and a taxpayer must return the advanced payment, the commissioner shall apply to such credit a late fee of five percent, with an additional one percent per month thereafter until such credit is reissued in the correct amount.
§ 2. This act shall take effect immediately, and shall apply to taxable years beginning on and after 2017.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.