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NY S02017
Bill
Status
Introduced
1/21/2015
Primary Sponsor
David Carlucci
Click for details
AI Summary
- Modifies the STAR exemption base figure from a flat $30,000 to a sliding scale based on affiliated income: $50,000 for income under $100,000, $40,000 for income $100,000-$200,000, and $30,000 for income $200,000-$300,000
- Reduces the maximum affiliated income threshold for STAR exemption eligibility from $500,000 to $300,000
- Defines "affiliated income" as the combined income of all property owners and their spouses residing primarily on the parcel as of the taxable status date
- Takes effect immediately upon enactment
Legislative Description
Amends the school tax relief (STAR) exemption base figure to be on a sliding scale determined by affiliated income; amends the maximum amount for the parcel's affiliated income from five hundred thousand dollars to three hundred thousand dollars.
Last Action
REFERRED TO AGING
1/6/2016
Committee Referrals
Aging1/21/2015
Full Bill Text
No bill text available