NY A07066

Establishes a civil penalty of up to $500 per violation for cooperative apartment corporations that fail to credit STAR exemptions to tenant-stockholders

Allows tenant-stockholders denied their STAR credit to withhold payments from the cooperative starting 60 days after the corporation receives its tax bill until the full amount is recouped

Penalties may be recovered by the county attorney or, in cities that encompass an entire county, by the corporation counsel

Provides an affirmative defense if the failure to credit the STAR exemption was caused by an assessor or taxing authority error

Stays enforcement actions if the cooperative apartment corporation files legal proceedings contesting the tax bill within 60 days, provided affected tenant-stockholders receive notice of the proceeding and its outcome

Takes effect immediately, applying to STAR exemption administration beginning with the 2025-2026 school year