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NY S04529

Bill

Official Source

Status

Introduced

2/16/2017

Primary Sponsor

Terrence Murphy

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Increases the base figure for the enhanced STAR (School Tax Relief) exemption to $75,800 for eligible senior citizens for the 2018-2019 school year
  • Maintains the base figure for the basic STAR exemption at $30,000 for other eligible persons for the 2018-2019 school year
  • Implements annual adjustments to the enhanced STAR exemption base figure beginning in the 2019-2020 school year based on the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W)
  • Rounds any adjusted base figure that is not an exact multiple of $100 to the nearest $100
  • Takes effect immediately upon enactment

Legislative Description

Provides relief for certain senior citizens through the school tax relief program, by increasing the base figure for the enhanced exemption for the 2018-2019 school year to seventy-five thousand eight hundred dollars, and providing for annual adjustments thereto based on the consumer price index.

Last Action

REFERRED TO AGING

1/3/2018

Committee Referrals

Aging2/16/2017

Full Bill Text

No bill text available