What's happening
This bill increases the base figure for the enhanced STAR property tax exemption for senior citizens and adjusts future increases based on inflation.
Why it matters
Raises the property tax exemption amount specifically for seniors. , which could increase the number of older homeowners who qualify for a larger tax break, helping them to better afford to stay in their homes as costs rise.
Links future increases in the exemption to inflation (CPI-W). , making the benefit more responsive to economic changes and providing more predictable, ongoing relief that keeps pace with rising living expenses rather than remaining static.
Maintains the basic STAR exemption at a set amount for non-seniors. , meaning the enhanced support is targeted at senior citizens, potentially addressing their unique financial vulnerabilities compared to other homeowners.
Puts the responsibility on the state commissioner to calculate and announce the new exemption amounts each year. , which could improve administrative clarity and ensure that beneficiaries and local governments are kept up to date on the latest figures.
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Who cares
Headline styles
Increase Senior School Tax Relief
Plain English, a few words. Used as the page title.
Sponsors
2 Co-sponsors
History
- Referred to real property taxation
- Referred to real property taxation
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2192
2019-2020 Regular Sessions
IN ASSEMBLY
January 22, 2019
Introduced by M. of A. ENGLEBRIGHT, MAGNARELLI -- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to increasing the base figure for the enhanced school tax relief exemption
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. 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 further amended by subdivision (b) of section 1 of part W of chapter 56 of the laws of 2010, is amended and two new subparagraphs (vii) and (viii) are added to read as follows:
(vi) For the two thousand nine--two thousand ten school year [and thereafter] through the two thousand nineteen--two thousand twenty school year:
(A) The base figure for the enhanced STAR exemption shall equal the prior year's base figure multiplied by the percentage increase in the consumer price index for urban wage earners and clerical workers (CPI-W) published by the United States department of labor, bureau of labor statistics, for the third quarter of the calendar year preceding the applicable school year, as compared to the third quarter of the prior calendar year. If a base figure as so determined is not exactly equal to a multiple of one hundred dollars, it shall be rounded to the nearest multiple of one hundred dollars. It shall be the responsibility of the commissioner to annually determine such base figures.
(B) The base figure for the basic STAR exemption shall be thirty thousand dollars.
(vii) For the two thousand twenty--two thousand twenty-one school year, the base figure shall be seventy-five thousand eight hundred dollars for eligible senior citizens, and thirty thousand dollars for other eligible persons.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05083-01-9
A. 2192 2
(viii) For the two thousand twenty-one--two thousand twenty-two school year and thereafter:
(A) The base figure for the enhanced STAR exemption shall equal the prior year's base figure multiplied by the percentage increase in the consumer price index for urban wage earners and clerical workers (CPI-W) published by the United States department of labor, bureau of labor statistics, for the third quarter of the calendar year preceding the applicable school year, as compared to the third quarter of the prior calendar year. If a base figure as so determined is not exactly equal to a multiple of one hundred dollars, it shall be rounded to the nearest multiple of one hundred dollars. It shall be the responsibility of the commissioner to annually determine such base figures.
(B) The base figure for the basic STAR exemption shall be thirty thousand dollars.
§ 2. This act shall take effect immediately.
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.