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NY A03872

Bill

Official Source

Status

Introduced

2/8/2023

Primary Sponsor

Fred Thiele

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Authorizes the town of Southampton in Suffolk County to enact a local law establishing a homestead exemption from real property taxation
  • Eligibility for the exemption matches the criteria for the basic school tax relief (STAR) exemption under Real Property Tax Law Section 425, subdivision 3
  • The exemption must be uniform for all eligible properties and cannot exceed $50,000 in full assessed value
  • Takes effect immediately upon enactment

Legislative Description

Authorizes the town of Southampton, county of Suffolk, to enact by local law a homestead exemption; provides that such exemption shall not exceed $50,000 in full assessed value.

Last Action

substituted by s2094a

6/6/2024

Committee Referrals

Rules6/6/2024
Ways and Means5/29/2024
Real Property Taxation2/8/2023

Full Bill Text

No bill text available